Part 104
Ireland is a small, modern, trade-dependent economy. Ireland joined 11 other EU nations in circulating the euro on 1 January 2002. GDP growth averaged 6% in 1995-2007, but economic activity has dropped sharply since 2008 with GDP falling by over 3% in 2008, nearly 8% in 2009, and 1% in 2010, and further contraction is expectd in 2011. Ireland entered into a recession for the first time in more than a decade with the onset of the world financial crisis and subsequent severe slowdown in its domestic property and construction markets. Agriculture, once the most important sector, is now dwarfed by industry and services. Although the export sector, dominated by foreign multinationals, remains a key component of Ireland's economy, construction most recently fueled economic growth along with strong consumer spending and business investment. Property prices rose more rapidly in Ireland in the decade up to 2007 than in any other developed economy. However, average home prices have fallen 50% from the 2007 peak. In 2008 the COWEN government moved to guarantee all bank deposits, recapitalize the banking system, and establish partly-public venture capital funds in response to the country's economic downturn. In 2009, in an effort to stabilize the banking sector, the Irish Government established the National Asset Management Agency (NAMA) to acquire problem commercial property and development loans from Irish banks. Faced with sharply reduced revenues and a burgeoning budget deficit, the Irish Government introduced the first in a series of draconian budgets in 2009. In addition to across-the-board cuts in spending, the 2009 budget included wage reductions for all public servants. These measures were not sufficient. The budget deficit reached nearly 38% of GDP in 2010 because of additional government support for the banking sector. In late 2010, the COWEN Government agreed to a $112 billion loan package from the EU and IMF to help Dublin recapitalize its banking sector and avoid defaulting on its sovereign debt, and initiated a four-year austerity plan to cut an additional $20 billion from its budget.
GDP (purchasing power parity):
$174 billion (2010 est.) country comparison to the world: 57 $175.1 billion (2009 est.)
$189.5 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):
$204.1 billion (2010 est.)
GDP - real growth rate:
-0.6% (2010 est.) country comparison to the world: 196 -7.6% (2009 est.)
-3.5% (2008 est.)
GDP - per capita (PPP):
$37,600 (2010 est.) country comparison to the world: 29 $38,200 (2009 est.)
$41,900 (2008 est.)
note: data are in 2010 US dollars
GDP - composition by sector:
agriculture: 5%
industry: 46%
services: 49% (2002 est.)
Labor force:
2.18 million (2010 est.) country comparison to the world: 116
Labor force - by occupation:
agriculture: 6%
industry: 27%
services: 67% (2006 est.)
Unemployment rate:
13.7% (2010 est.) country comparison to the world: 141 11.8% (2009 est.)
Population below poverty line:
4.2% (2008 est.)
Household income or consumption by percentage share:
lowest 10%: 2.9%
highest 10%: 27.2% (2000)
Distribution of family income - Gini index:
30.7 (2008) country comparison to the world: 108 35.9 (1987)
Investment (gross fixed):
12.6% of GDP (2010 est.) country comparison to the world: 143
Public debt:
98.5% of GDP (2010 est.) country comparison to the world: 11 64.8% of GDP (2009 est.)
Inflation rate (consumer prices):
-1.5% (2010 est.) country comparison to the world: 3 -4.5% (2009 est.)
Central bank discount rate:
1.75% (31 December 2009) country comparison to the world: 118 3% (31 December 2008)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area
Commercial bank prime lending rate:
4.32% (31 December 2009 est.) country comparison to the world: 133 6.76% (31 December 2008 est.)
Stock of narrow money:
$127.7 billion (31 December 2010 est) country comparison to the world: 26 $141 billion (31 December 2009 est)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 16 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Stock of broad money:
$257.1 billion (31 December 2010 est.) country comparison to the world: 32 $275.9 billion (31 December 2009 est.)
Stock of domestic credit:
$745.7 billion (31 December 2009 est.) country comparison to the world: 18 $738.5 billion (31 December 2008 est.)
Market value of publicly traded shares:
$29.88 billion (31 December 2009) country comparison to the world: 50 $49.4 billion (31 December 2008)
$144 billion (31 December 2007)
Agriculture - products:
turnips, barley, potatoes, sugar beets, wheat; beef, dairy products
Industries:
steel, lead, zinc, silver, aluminum, barite, and gypsum mining processing; food products, brewing, textiles, clothing; chemicals, pharmaceuticals; machinery, rail transportation equipment; glass and crystal; software, tourism
Industrial production growth rate:
5% (2010 est.) country comparison to the world: 66
Electricity - production:
26.06 billion kWh (2007 est.) country comparison to the world: 64
Electricity - consumption:
25.12 billion kWh (2007 est.) country comparison to the world: 64
Electricity - exports:
303 million kWh (2008 est.)
Electricity - imports:
753 million kWh (2008 est.)
Oil - production:
0 bbl/day (2008 est.) country comparison to the world: 171
Oil - consumption:
164,600 bbl/day (2009 est.) country comparison to the world: 62
Oil - exports:
22,410 bbl/day (2008 est.) country comparison to the world: 89
Oil - imports:
192,900 bbl/day (2008 est.) country comparison to the world: 46
Oil - proved reserves:
0 bbl (1 January 2010 est.) country comparison to the world: 167
Natural gas - production:
392 million cu m (2009 est.) country comparison to the world: 69
Natural gas - consumption:
5.112 billion cu m (2009 est.) country comparison to the world: 58
Natural gas - exports:
0 cu m (2008 est.) country comparison to the world: 167
Natural gas - imports:
4.723 billion cu m (2009 est.) country comparison to the world: 33
Natural gas - proved reserves:
9.911 billion cu m (1 January 2010 est.) country comparison to the world: 79
Current account balance:
-$3.191 billion (2010 est.) country comparison to the world: 166 -$6.762 billion (2009 est.)
Exports:
$115.7 billion (2010 est.) country comparison to the world: 34 $107.3 billion (2009 est.)
Exports - commodities:
machinery and equipment, computers, chemicals, pharmaceuticals; live animals, animal products
Exports - partners:
US 20.52%, Belgium 17.78%, UK 16.31%, Germany 5.66%, France 5.56%, Spain 4.19% (2009)
Imports:
$70.36 billion (2010 est.) country comparison to the world: 38 $62.22 billion (2009 est.)
Imports - commodities:
data processing equipment, other machinery and equipment, chemicals, petroleum and petroleum products, textiles, clothing
Imports - partners:
UK 35.28%, US 16.87%, Germany 6.76%, Netherlands 5.86%, France 4.76% (2009)
Reserves of foreign exchange and gold:
$NA (31 December 2010 est.)
$2.154 billion (31 December 2009 est.)
Debt - external:
$2.131 trillion (30 June 2010) country comparison to the world: 10 $2.356 trillion (31 December 2008)
Stock of direct foreign investment - at home:
$221.1 billion (31 December 2010 est.) country comparison to the world: 20 $198.8 billion (31 December 2009 est.)
Stock of direct foreign investment - abroad:
$192.7 billion (31 December 2010 est.) country comparison to the world: 20 $180.9 billion (31 December 2009 est.)
Exchange rates:
euros (EUR) per US dollar - 0.7715 (2010), 0.7179 (2009), 0.6827 (2008), 0.7345 (2007), 0.7964 (2006)
Communications ::Ireland
Telephones - main lines in use:
2.08 million (2009) country comparison to the world: 54
Telephones - mobile cellular:
4.871 million (2009) country comparison to the world: 98
Telephone system:
general assessment: modern digital system using cable and microwave radio relay
domestic: system privatized but dominated by former state monopoly operator; increasing levels of broadband access
international: country code - 353; landing point for the Hibernia-Atlantic submarine cable with links to the US, Canada, and UK; satellite earth station - 1 Intelsat (Atlantic Ocean)
Broadcast media:
publicly-owned broadcaster Radio Telefis Eireann (RTE) operates 2 TV stations; commercial television stations are available; about 75% of households utilize multi-channel satellite and TV services that provide access to a wide range of stations; RTE operates 4 national radio stations and has launched digital audio broadcasts on several stations; a number of commercial broadcast stations operate at the national, regional, and local levels (2007)
Internet country code:
.ie
Internet hosts:
1.339 million (2010) country comparison to the world: 36
Internet users:
3.042 million (2009) country comparison to the world: 67
Transportation ::Ireland
Airports:
39 (2010) country comparison to the world: 105
Airports - with paved runways:
total: 16
over 3,047 m: 1
2,438 to 3,047 m: 1
1,524 to 2,437 m: 4
914 to 1,523 m: 5
under 914 m: 5 (2010)
Airports - with unpaved runways:
total: 23
914 to 1,523 m: 2
under 914 m: 21 (2010)
Pipelines:
gas 1,550 km (2009)
Railways:
total: 3,237 km country comparison to the world: 53 broad gauge: 1,872 km 1.600-m gauge (37 km electrified)
narrow gauge: 1,365 km 0.914-m gauge (operated by the Irish Peat Board to transport peat to power stations and briquetting plants) (2008)
Roadways:
total: 96,036 km country comparison to the world: 48 paved: 96,036 km (includes 423 km of expressways) (2008)
Waterways:
956 km (pleasure craft only) (2008) country comparison to the world: 68
Merchant marine:
total: 28 country comparison to the world: 87 by type: cargo 25, chemical tanker 2, container 1
foreign-owned: 5 (Norway 3, US 2)
registered in other countries: 21 (Bahamas 3, Bermuda 2, Cyprus 3, Isle of Man 1, Kazakhstan 1, Malta 1, Netherlands 7, Panama 1, Slovakia 1, Sweden 1) (2010)
Ports and terminals:
Cork, Dublin, Shannon Foynes, Waterford
Military ::Ireland
Military branches:
Irish Defense Forces (IDF; Oglaigh na h-Eireann): Army, Naval Service, Air Corps (2010)
Military service age and obligation:
17-25 years of age for male or female voluntary military service (17-27 years of age for the Naval Service); enlistees 16 years of age can be recruited for apprentice specialist positions; 17-35 years of age for the Reserve Defense Forces (RDF); maximum obligation 12 years (5 years IDF, 7 years RDF); EU citizenship or 5-year residence in Ireland required (2010)
Manpower available for military service:
males age 16-49: 1,031,985
females age 16-49: 1,030,606 (2010 est.)
Manpower fit for military service:
males age 16-49: 858,317
females age 16-49: 855,125 (2010 est.)
Manpower reaching militarily significant age annually:
male: 27,987
female: 26,240 (2010 est.)
Military expenditures:
0.9% of GDP (2005 est.) country comparison to the world: 140
Transnational Issues ::Ireland
Disputes - international:
Ireland, Iceland, and the UK dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm
Illicit drugs:
transshipment point for and consumer of hashish from North Africa to the UK and Netherlands and of European-produced synthetic drugs; increasing consumption of South American cocaine; minor transshipment point for heroin and cocaine destined for Western Europe; despite recent legislation, narcotics-related money laundering - using bureaux de change, trusts, and shell companies involving the offshore financial community - remains a concern
page last updated on January 20, 2011
======================================================================
@Isle of Man (Europe)
Introduction ::Isle of Man
Background:
Part of the Norwegian Kingdom of the Hebrides until the 13th century when it was ceded to Scotland, the isle came under the British crown in 1765. Current concerns include reviving the almost extinct Manx Gaelic language. Isle of Man is a British crown dependency but is not part of the UK or of the European Union. However, the UK Government remains constitutionally responsible for its defense and international representation.
Geography ::Isle of Man
Location:
Western Europe, island in the Irish Sea, between Great Britain and Ireland
Geographic coordinates:
54 15 N, 4 30 W
Map references:
Europe
Area:
total: 572 sq km country comparison to the world: 193 land: 572 sq km
water: 0 sq km
Area - comparative:
slightly more than three times the size of Washington, DC
Land boundaries:
0 km
Coastline:
160 km
Maritime claims:
territorial sea: 12 nm
exclusive fishing zone: 12 nm
Climate:
temperate; cool summers and mild winters; overcast about a third of the time
Terrain:
hills in north and south bisected by central valley
Elevation extremes:
lowest point: Irish Sea 0 m
highest point: Snaefell 621 m
Natural resources:
none
Land use:
arable land: 9%
permanent crops: 0%
other: 91% (permanent pastures, forests, mountain, and heathland) (2002)
Irrigated land:
0 sq km
Natural hazards:
NA
Environment - current issues:
waste disposal (both household and industrial); transboundary air pollution
Geography - note:
one small islet, the Calf of Man, lies to the southwest and is a bird sanctuary
People ::Isle of Man
Population:
83,859 (July 2010 est.) country comparison to the world: 199
Age structure:
0-14 years: 16.9% (male 6,612/female 6,300)
15-64 years: 66% (male 25,433/female 25,083)
65 years and over: 17.1% (male 5,408/female 7,676) (2010 est.)
Median age:
total: 42.3 years
male: 41.6 years
female: 43 years (2010 est.)
Population growth rate:
0.968% (2010 est.) country comparison to the world: 123
Birth rate:
11.54 births/1,000 population (2010 est.) country comparison to the world: 169
Death rate:
9.87 deaths/1,000 population (July 2010 est.) country comparison to the world: 59
Net migration rate:
8.01 migrant(s)/1,000 population (2010 est.) country comparison to the world: 12
Urbanization:
urban population: 51% of total population (2008)
rate of urbanization: -0.2% annual rate of change (2005-10 est.)
Sex ratio:
at birth: 1.077 male(s)/female
under 15 years: 1.05 male(s)/female
15-64 years: 1.01 male(s)/female
65 years and over: 0.71 male(s)/female
total population: 0.96 male(s)/female (2010 est.)
Infant mortality rate:
total: 4.38 deaths/1,000 live births country comparison to the world: 196 male: 4.3 deaths/1,000 live births
female: 4.47 deaths/1,000 live births (2010 est.)
Life expectancy at birth:
total population: 80.53 years country comparison to the world: 21 male: 79.01 years
female: 82.18 years (2010 est.)
Total fertility rate:
1.97 children born/woman (2010 est.) country comparison to the world: 132
HIV/AIDS - adult prevalence rate:
NA
HIV/AIDS - people living with HIV/AIDS:
NA
HIV/AIDS - deaths:
NA
Nationality:
noun: Manxman (men), Manxwoman (women)
adjective: Manx
Ethnic groups:
Manx (Norse-Celtic descent), Britons
Religions:
Anglican, Roman Catholic, Methodist, Baptist, Presbyterian, Society of Friends
Languages:
English, Manx Gaelic (about 2% of the population has some knowledge)
Literacy:
NA
Education expenditures:
NA
Government ::Isle of Man
Country name:
conventional long form: none
conventional short form: Isle of Man
abbreviation: I.O.M.
Dependency status:
British crown dependency
Government type:
parliamentary democracy
Capital:
name: Douglas
geographic coordinates: 54 09 N, 4 29 W
time difference: UTC 0 (five hours ahead of Washington, DC during Standard Time)
daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
Administrative divisions:
none; there are no first-order administrative divisions as defined by the US Government, but there are 24 local authorities each with its own elections
Independence:
none (British crown dependency)
National holiday:
Tynwald Day, 5 July
Constitution:
unwritten; note - The Isle of Man Constitution Act of 1961 does not embody the unwritten Manx Constitution
Legal system:
the laws of the UK where applicable apply and Manx statutes
Suffrage:
16 years of age; universal
Executive branch:
chief of state: Lord of Mann Queen ELIZABETH II (since 6 February 1952); represented by Lieutenant Governor Sir Paul K. HADDACKS (since 17 October 2005)
head of government: Chief Minister Tony BROWN (since 14 December 2006)
cabinet: Council of Ministers (For more information visit the World Leaders website ) elections: the monarchy is hereditary; lieutenant governor appointed by the monarch; the chief minister elected by the Tynwald for a five-year term; election last held on 14 December 2006 (next to be held in December 2011)
election results: House of Keys speaker Tony BROWN elected chief minister by the Tynwald
Legislative branch:
bicameral Tynwald consists of the Legislative Council (11 seats; members composed of the President of Tynwald, the Lord Bishop of Sodor and Man, a nonvoting attorney general, and 8 others named by the House of Keys) and the House of Keys (24 seats; members elected by popular vote to serve five-year terms)
elections: House of Keys - last held on 23 November 2006 (next to be held in November 2011)
election results: House of Keys - percent of vote by party - NA; seats by party - Liberal Vannin Party 2, Manx Labor Party 1, independents 21
Judicial branch:
High Court of Justice (justices are appointed by the Lord Chancellor of England on the nomination of the lieutenant governor)
Political parties and leaders:
Alliance for Progressive Government; Liberal Vannin Party [Peter KARRAN]; Manx Labor Party; Manx Nationalist Party (Mec Vannin) [Bernard MOFFATT]
note: most members sit as independents
Political pressure groups and leaders:
Alliance for Progressive Government or APG (a government watchdog); Mec Vannin (political party advocating a sovereign state and environment policies); note - has only had one member elected to the Tynwald
International organization participation:
UPU
Diplomatic representation in the US:
none (British crown dependency)
Diplomatic representation from the US:
none (British crown dependency)
Flag description:
red with the Three Legs of Man emblem (triskelion), in the center; the three legs are joined at the thigh and bent at the knee; in order to have the toes pointing clockwise on both sides of the flag, a two-sided emblem is used; the flag is based on the coat-of-arms of the last recognized Norse King of Mann, Magnus III (r. 1252-1265); the triskelion has its roots in an early Celtic sun symbol
National anthem:
name: "Arrane Ashoonagh dy Vannin" (O Land of Our Birth)
lyrics/music: William Henry GILL [English], John J. KNEEN [Manx]/traditional
note: adopted 2003, in use since 1907; serves as a local anthem; as a British crown dependency, "God Save the Queen" is official (see United Kingdom) and is played when the sovereign, members of the royal family, or the lieutenant governor are present
Economy ::Isle of Man
Economy - overview:
Offshore banking, manufacturing, and tourism are key sectors of the economy. The government offers low taxes and other incentives to high-technology companies and financial institutions to locate on the island; this has paid off in expanding employment opportunities in high-income industries. As a result, agriculture and fishing, once the mainstays of the economy, have declined in their contributions to GDP. The Isle of Man also attracts online gambling sites and the film industry. Trade is mostly with the UK. The Isle of Man enjoys free access to EU markets.
GDP (purchasing power parity):
$2.719 billion (2005 est.) country comparison to the world: 179
GDP (official exchange rate):
$2.719 billion (2005 est.)
GDP - real growth rate:
5.2% (2005) country comparison to the world: 51
GDP - per capita (PPP):
$35,000 (2005 est.) country comparison to the world: 37
GDP - composition by sector:
agriculture: 1%
industry: 13%
services: 86% (2000 est.)
Labor force:
39,690 (2001) country comparison to the world: 196
Labor force - by occupation:
agriculture, forestry, and fishing: 3%
manufacturing: 11%
construction: 10%
transport and communication: 8%
wholesale and retail distribution: 11%
professional and scientific services: 18%
public administration: 6%
banking and finance: 18%
tourism: 2%
entertainment and catering: 3%
miscellaneous services: 10% (2001)
Unemployment rate:
1.8% (October 2010 est.) country comparison to the world: 10 1.5% (December 2006 est.)
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices):
3.1% (December 2006 est.) country comparison to the world: 93
Market value of publicly traded shares:
$NA
Agriculture - products:
cereals, vegetables; cattle, sheep, pigs, poultry
Industries:
financial services, light manufacturing, tourism
Exports:
$NA
Exports - commodities:
tweeds, herring, processed shellfish, beef, lamb
Imports:
$NA
Imports - commodities:
timber, fertilizers, fish
Debt - external:
$NA
Exchange rates:
Manx pounds (IMP) per US dollar - 0.6504 (2010), 0.6389 (2009), 0.5302 (2008), 0.4993 (2007), 0.5418 (2006)
note: the Manx pound is at par with the British pound
Communications ::Isle of Man
Telephones - main lines in use:
51,000 (1999) country comparison to the world: 160
Telephone system:
general assessment: NA
domestic: landline, telefax, mobile cellular telephone system
international: country code - 44; fiber-optic cable, microwave radio relay, satellite earth station, submarine cable
Broadcast media:
national public radio broadcasts over 3 FM stations and 1 AM station; 2 commercial broadcasters operating with 1 having multiple FM stations; receives radio and TV services via relays from British TV and radio broadcasters (2008)
Internet country code:
.im
Internet hosts:
765 (2010) country comparison to the world: 173
Transportation ::Isle of Man
Airports:
1 (2010) country comparison to the world: 221
Airports - with paved runways:
total: 1
1,524 to 2,437 m: 1 (2010)
Railways:
total: 63 km country comparison to the world: 129 narrow gauge: 6 km 1.076-m gauge (6 km electrified); 57 km 0.914-m gauge (29 km electrified)
note: primarily summer tourist attractions (2008)
Roadways:
total: 500 km (2008) country comparison to the world: 193
Merchant marine:
total: 292 country comparison to the world: 31 by type: bulk carrier 45, cargo 49, chemical tanker 48, container 6, liquefied gas 41, passenger/cargo 2, petroleum tanker 91, roll on/roll off 5, vehicle carrier 5
foreign-owned: 200 (Bermuda 7, Chile 8, Denmark 26, Germany 56, Greece 57, Ireland 1, Japan 15, Norway 26, Singapore 1, Sweden 1, US 2) (2010)
Ports and terminals:
Douglas, Ramsey
Military ::Isle of Man
Manpower fit for military service:
males age 16-49: 14,748
females age 16-49: 14,392 (2010 est.)
Manpower reaching militarily significant age annually:
male: 469
female: 449 (2010 est.)
Military - note:
defense is the responsibility of the UK
Transnational Issues ::Isle of Man
Disputes - international:
none
page last updated on January 12, 2011
======================================================================
@Israel (Middle East)
Introduction ::Israel
Background: