DWF Logo

Search

DWF Logo

            Countries in Focus: Republic of Ireland

            With GDP surging 7.2% in 2017 – making the Republic of Ireland (ROI) the fastest-growing economy in the EU for the fourth year in a row, albeit from a comparatively low base – the country’s output continues to outshine the rest of the Continent.

            This is a very different picture to a decade ago when the housing bubble burst and a catastrophic financial crash resulted in an international bailout of €67.5bn (£59bn) in 2010.

            However, there are questions over whether the GDP figure is an accurate measure, given that much of the growth in output is due to the increasing numbers of multinational firms such as Google, Facebook and Apple domiciling some of their offices in Ireland in order to take advantage of its low corporation tax.

            Ireland is on a hiring spree with sectors such as finance, construction and hospitality increasing employee numbers, which is helping drive household expenditure. However, property prices continue to rise and the nation is reporting a chronic shortage of housing.

            The retail outlook

            Retail is Ireland’s largest industry, contributing 23% of total tax receipts to the Irish exchequer, more than twice that of the country’s second largest sector, the financial services, at 11%. It is also the largest private-sector employer, with 285,000 working in retail.

            Thanks to higher employment leading to more disposable income, retail sales rose 7% to €40bn (£35bn) in 2017. However, it was widely reported that 60% of online spending in 2017 went to non-Irish companies.

            Click a flag to find out more about each country

                    

            Download your copy of The Global Consumer 2019 here >

            People

            Hilary Ross

            • Head of Retail, Food & Hospitality // Executive Partner (London)

            Matthew Smith

            • Principal Lawyer // Head of Employment, Safety & Regulatory (Australia)

            Alexander Wheeler

            • Senior Associate

            Andrew Bautovich

            • Principal Lawyer

            We use cookies to give you the best user experience on our website. Please let us know if you accept our use of cookies.

            Manage cookies

            Your Privacy

            When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. We mainly use this information to ensure the site works as you expect it to, and to learn how we can improve the experience in the future. The information does not usually directly identify you, but it can give you a more personalised web experience.
            Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change permissions. However, blocking some types of cookies may prevent certain site functionality from working as expected

            Functional cookies

            (Required)

            These cookies let you use the website and are required for the website to function as expected.

            These cookies are required

            Tracking cookies

            Anonymous cookies that help us understand the performance of our website and how we can improve the website experience for our users. Some of these may be set by third parties we trust, such as Google Analytics.

            They may also be used to personalise your experience on our website by remembering your preferences and settings.

            Marketing cookies

            These cookies are used to improve and personalise your experience with our brands. We may use these cookies to show adverts for our products, or measure the performance of our adverts.