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Invest in Ireland
Legal principles
Economic situation
Leasing in Ireland
Further information
Economic situation
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The Irish economy has been one of the strongest economies in the world over the last ten years. Germany is one of Ireland’s largest trading partners with total trade in excess of €10 billion. There are now over 200 German companies trading in Ireland. Ireland is part of the Eurozone. The positive effects of embracing the Euro are very evident in the development of our economic interaction within Europe.


GDP growth for 2006 was approximately 5.3%. Employment levels have exceeded 2 million people for the first time in Irish history.The HICP (Harmonised Index of Consumer Prices) increased to 3% in 2006.Ireland is showing a budget surplus in excess of €5 billion – however the balance of payments deficit is running at €8 billion per annum.

Key trade figures Germany/Ireland 2006
Key figure Value
Imports from Ireland to Germany 6.6 bill. €
Exports from Germany to Ireland 4.3 bill. €
Balance 2.3 bill. €

Source : Department of Finance

Good reasons for commitment to Ireland
–  Traditionally Ireland has pursued a liberal,innovation-friendly economic policy
–  Trade relations between both countries are traditionally good
–  Well educated and enthusiastic workforce

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