Ireland vs the United Kingdom: Economic Indicators Comparison

The United Kingdom with a GDP of $2.9T ranked the 5th largest economy in the world, while Ireland ranked 33rd with $382.5B. By GDP 5-years average growth and GDP per capita, the United Kingdom and Ireland ranked 126th vs 1st and 23rd vs 7th, respectively.

Gross Domestic Product & Income

StatIrelandUnited Kingdom
GDP$382.5B$2.9T
GDP growth, 1 year6.8%1.4%
GDP growth, 5-years average10.5%2.1%
Population4.8M66M
GDP per capita$79k$43k
GDP per capita growth7.14%0.73%
Purchasing Power Parity conversion factor0.80.7
Price level ratio of PPP conversion factor GDP to market exchange rate0.950.93
GDP per capita, PPP adjusted$79k$46k
GNI, Atlas method$297.9B$2.8T
GNI per capita$61k$42k
GNI, PPP adjusted$325.4B$3T
GNI per capita, PPP adjusted$67k$45k

Financial system and Human development

StatIrelandUnited Kingdom
Income Tax Rate41%45%
Corporate Tax Rate12.5%20%
Inflation, consumer prices0.7%2.5%
Inflation, GDP deflator0.8%1.9%
Unemployment5.7%4%
Economic Freedom Index80.979.3
Personal Freedom Index9.049.08
Human Freedom Index8.488.55
Property Rights Index86.692.2
Judical Effectiveness Index64.482.7
Business Freedom Index82.794.7
Fiscal Health Index91.478.1
Labor Freedom Index75.973.1
Investment Freedom Index9080
Financial Freedom Index7080
Trade Freedom Index86.486.4
Monetary Freedom Index85.380.3
Government Spending Index78.849.5
Tax Burden Index76.464.7
Government Integrity Index82.889.9
Corruption Perceptions Index7380
Life expectancy at birth, years8281.2
Suicide mortality rate, per 100,000 people11.58.9
Mortality caused by road traffic injury, per 100,000 people4.13.1
Intentional homicides, per 100,000 people0.91.2
International tourism, number of arrivals10.9M36.3M

Government debt & reserves

StatIrelandUnited Kingdom
Central government debt, % of GDP65.2%86.9%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI16%5.5%
Gross savings, % of GDP36.6%13.4%
Gross capital formation, % of GDP23.8%17.3%
Total reserves including gold$5.2B$172.7B
Foreign direct investment net inflows$64.5B$35.1B

Exports, imports and economic structure

StatIrelandUnited Kingdom
Exports of goods and services, % of GDP122.3%30%
Imports of goods and services, % of GDP89.2%31.8%
Current account balance (balance of payments)$40.9B-$123.1B
Revenue excluding grants, % of GDP24.2%35.3%
Grants excluding technical cooperation, BoPN/AN/A
Personal remittances received$623.6M$4.4B
Industry including construction value added, % of GDP36.8%17.5%
Agriculture, forestry and fishing value added, % of GDP0.9%0.6%
Charges for the use of intellectual property, payments BoP$85.1B$13.5B
Charges for the use of intellectual property, receipts BoP$13.9B$21.7B
Expense, % of GDP23.3%36%
Government Expenditure, % of GDP26.6%41%

Compare with countries close by GDP per capita

Ireland vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k

United Kingdom vs

CountryGDP
per capita
Population
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M