Ireland’s economic star is
on the rise
Ireland is now the richest non-oil country in the world, apart from the
small financial hubs according to the Standard & Poor’s agency
ratings.
With the exception of world financial centres like Liechtenstein and Bermuda
and the oil kingdoms of Norway and Qatar, Ireland is now the world’s
richest country with an average income of 44,000.
The Standard & Poor’s agency ratings show Ireland lying in sixth
position for the second year in a row, easily beating the likes of the
US and Britain who took 11th and 18th places respectively.
Ireland’s national average income has risen from 39,335 last year
to a new high of 44,000.
The increase in wealth is reflected in spending both on property and on
the High Street.
Economists attribute the boom to low taxes, increased stability in the
North of Ireland, American investment and a highly skilled but relatively
low-cost labour force.
|
