Detailing Supplies / Products

The economy of Ireland is modern and trade-dependent with growth averaging a robust 10% in 1995–2000. Agriculture, once the most important sector, is now dwarfed by industry, which accounts for 46% of GDP, about 80% of exports, and employs 29% of the labour force. more...

Home
ATV Parts
Apparel & Merchandise
Automotive Tools
Aviation Parts
Boat Parts
Car & Truck Parts
Air Conditioning and Heat
Air Intake & Fuel Delivery
Brakes
Charging & Starting Systems
Computer, Chip, Cruise...
Cooling System
Decals, Emblems, & Detailing
Decals / Stickers
Graphics Decals
Other Decals
Product Name Decals
Racing Decals
Detailing Supplies /...
Emblems
License Plate Frames
Other
Emission System
Engines & Components
Exhaust
Exterior
Filters
Gaskets
Gauges
Glass
Ignition System
Interior
Lighting & Lamps
Other Parts
Safety & Security
Salvage Parts Cars
Suspension & Steering
Transmission & Drivetrain
Turbos, Nitrous,...
Wheels, Tires & Parts
Car Audio, Video
Manuals & Literature
Motorcycle Parts
Other Vehicle Parts
Personal Watercraft Parts
Racing Parts
Services & Installation
Snowmobile Parts
Vintage Car & Truck Parts
Wholesale Lots

Although exports remain the primary engine for Ireland's robust growth, the economy is also benefiting from a rise in consumer spending and recovery in both construction and business investment. The annual rate of inflation stands at 5.1% as of 2007, up from recent rates of between 3% and 4%. On the EU HICP inflation index, inflation is 2.7% , against an EU average of 1.8% . House price inflation has been a particular economic concern (average house price was €251,281 in February 2005). Unemployment is low but is rising and up to 30,000 jobs may be lost between 2007 and 2008 much of which is attributed to a slowdown in house building. Incomes have been rising rapidly as well as service charges (utilities, insurance, healthcare, legal representation, etc.). Dublin, the nation's capital, was ranked 16th in a worldwide cost of living survey in 2006 (up from 22nd in 2004 and 24th in 2003).

Ireland has the second highest per capita income of any country in the EU next to Luxembourg, and fourth highest in the world based on measurements of Gross Domestic Product (GDP) per capita. Many economists feel that GDP per capita is an inappropriate measure of national income for Ireland because it does not consider the repatriation of profits by multinational companies. Gross National Income per capita, takes account of this. In any case, the vast majority of wealth held by Irish citizens is invested in property . Furthermore, the construction sector, which is inherently cyclical in nature, accounts for a significant component of Ireland's GDP and GNP and any downturn in this sector is likely to have a profound impact. In 2005, the World Bank measured Ireland's GNI per head at $41,140 - the seventh highest in the world, sixth highest in Western Europe, and the third highest of any EU member state.

History

The state known today as Ireland seceded from the United Kingdom in 1922. The state was troubled by poverty and emigration until the early 1990s. These problems virtually disappeared over the course of that decade, which saw the beginning of unprecedented economic growth, in a phenomenon known as the "Celtic Tiger". Over the past two decades, the Irish government has implemented a series of national economic programmes designed to curb inflation, ease tax burdens, reduce government spending as a percentage of GDP, increase labour force skills, and promote foreign investment. Ireland joined in launching the euro currency system in January 1999 along with ten other European Union countries. The economy felt the impact of the global economic slowdown in 2001, particularly in the high-tech export sector – the growth rate in that area was cut by nearly half. GDP growth continued to be exceptionally high in international terms, with a rate of about 6% in 2001 and 2002 – and it is expected to continue at more than 4 per cent (2006 onwards). Since 2001, GNI (which measures income to Irish residents rather than output) growth has been much slower.

Read more at Wikipedia.org