Economy of Dublin

Economy of Dublin

GDP & Rankings

Greater Dublin's GDP is 69.6 billion euro (2004).

Dublin has been at the centre of Ireland's phenomenal economic growth over the last 10-15 years, a period (often of double-digit growth) referred to as the Celtic Tiger years. Living standards in the city have risen dramatically, although the cost of living has also soared. Dublin is now the planet's 16th most expensive city (8th most expensive city in Europe, excluding Russian cities). [ [http://www.finfacts.ie/costofliving.htm Global/Worldwide Cost of Living Survey Rankings 2007/2008, Cities, International, Europe] 2007] However, it has the fourth highest wages for a city in the world, ahead of both New York City and London, though behind Zürich, Geneva and Oslo. [ [http://www.citymayors.com/economics/richest_cities.html London is the most expensive city in the world while Swiss cities are home to highest earners] ]

I.T Sector

Historically, brewing has probably been the industry most often associated with the city: Guinness has been brewed at the St. James's Gate Brewery since 1759. Since the advent of the Celtic Tiger years, however, a large number of global pharmaceutical, information and communications technology companies have located in Dublin and the Greater Dublin Area. Dublin is widely regarded as the Silicon Valley of Europe, attracting ten of thousands of people from "lesser" economies such as France, German, Spain, Italy and the UK. For example, Microsoft, Google, Amazon, PayPal, Yahoo! and Pfizer (among others) now have European headquarters and/or operational bases in the city and its suburbs. Intel and Hewlett-Packard have large manufacturing plants in Leixlip, County Kildare, convert|15|km|mi|0|abbr=on to the west.

Irish Stock Exchange (ISEQ) & IFSC

Banking, finance and commerce are also important in the city — the IFSC alone handles over €1 trillion a year. Many international firms have established major headquarters in the city (eg. Citibank, Commerzbank). Also located in Dublin is the Irish Stock Exchange (ISEQ), Internet Neutral Exchange (INEX) and Irish Enterprise Exchange (IEX).

Celtic Tiger and Construction Boom

The "Celtic Tiger" economic boom years have led to a sharp increase in construction, which is now also a major employer, though, as of 2007, unemployment is on the rise as the housing market has begun to see supply outstrip demand.Fact|date=January 2008 Redevelopment is taking place in large projects such as [http://www.ddda.ie/ Dublin Docklands] , [http://www.spencerdock.ie/ Spencer Dock] and others, transforming once run-down industrial areas in the city centre. Dublin City Council seems to now have loosened the former limits on "high-rise" structures. The tallest building, Liberty Hall, is only convert|59.4|m|ft|1|abbr=on tall; already under construction in the city is [http://www.skyscrapernews.com/news.php?ref=323 Heuston Gate] , a convert|117|m|ft|0|abbr=on building (134 m including spire). The convert|120|m|ft|0|abbr=on [http://www.skyscrapernews.com/buildings.php?id=1338 Britain Quay Tower] and the convert|120|m|ft|0|abbr=on Point Village Watchtower have been approved. Construction has started on the latter. Also the U2 Tower will be the tallest building on the Island of Ireland when it is finished.

In 2005, around 800,000 people were employed in the Greater Dublin Area, of whom around 600,000 were employed in the services sector and 200,000 in the industrial sector. [PDFlink| [http://www.dubchamber.ie/Uploads/Policy.pdf Dublin employment] |256 KiB ]

Economic growth is expected to slow in the coming years, with the Irish central bank predicting medium-term growth rates of around 3–5%. [ [http://www.rte.ie/news/2007/0418/economy.html Central Bank predicts less growth] ] While this represents a slowdown relative to the early Celtic Tiger years, it is still stronger than growth in most other wealthy countries.

References

See also

* List of European metropolitan areas by GRP
* Dublin-Belfast corridor
* Transport in Dublin
* Economy of Cork
* Economy of Belfast
* Economy of Limerick

External links

* [http://www.dubchamber.ie/Uploads/Policy.pdf Dublin GDP]


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Dublin Molecular Medicine Centre — (DMMC) was set up in 2002, as a registed charity, to create critical mass in molecular medicine research in Dublin, Ireland. Funding was provided by the Higher Education Authority[1]. The objective of this initiative is to create an… …   Wikipedia

  • Dublin Chamber of Commerce — is one of the oldest such organisations in Europe and traces its origins back to the Autumn of 1695 when the Dublin shipping company of Ferris, Twiggs and Cash sent their vessel Ouzel Galley on an important trading journey to the near Eastern… …   Wikipedia

  • Economy of the Republic of Ireland — The economy of the Republic of Ireland is modern and trade dependent with growth averaging a 7% per annum in 1995 ndash;2007. Agriculture, once the most important sector, is now dwarfed by industry, which accounts for 46% of GDP, about 80% of… …   Wikipedia

  • Dublin — /dub lin/, n. 1. Gaelic, Baile tha Cliath. a seaport in and the capital of the Republic of Ireland, in the E part, on the Irish Sea. 422,220. 2. a county in E Republic of Ireland. 1,001,985; 356 sq. mi. (922 sq. km). Co. seat: Dublin. 3. a city… …   Universalium

  • Dublin — This article is about the capital of Ireland. For other uses, see Dublin (disambiguation). Dublin Baile Átha Cliath Clockwise from top: Samuel Beckett Bridge, Trinity College …   Wikipedia

  • Dublin-Belfast corridor — The Dublin Belfast corridor is a term used to loosely describe a geographical area that encompasses the cities of Dublin and Belfast and the area between.[1] The term has been used in papers regarding planning strategies in the area, with the aim …   Wikipedia

  • Economy of Belfast — The economy of Belfast, Northern Ireland has changed dramatically since 1600. Belfast s expansion from a town to a city in the nineteenth century was funded by trade through Belfast Harbour. The Industrial Revolution boosted the city s population …   Wikipedia

  • Economy of Cork — tatisticsCounty Cork and County Kerry as part of the South West region with a population of 620,000 has a GVA of €25bn(2005).The South West region has a labour force of nearly 300,000.GVA per capita(2005) in Greater Dublin is €42,435, while GVA… …   Wikipedia

  • Economy of Limerick — tatisticsCounty Limerick, County Clare and North Tipperary as part of the Mid West region with a population of 360,000 has a GVA of €10.7bn(2005).GVA per capita(2005) in Greater Dublin is €42,435, while GVA in the Mid West is €30,423, which means …   Wikipedia

  • Dublin Docklands — The Dublin Docklands Map of the Dublin Docklands …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”