Ireland has one of best rates of income distribution in EU

Ireland continues to have one of the best rates of income distribution in the European Union.

New figures from Eurostat show that the richest 20% of the population in Ireland on average only earn 4.4 times more than the poorest 20%.

The Czech Republic, at 3.5 times, has the narrowest gap followed by Slovenia and Slovakia - with the widest gaps in Bulgaria and Lithuania at almost eight times each.

Grace Bolton of the European Commission says the figures for Ireland put us on par with Germany and Sweden.

"The data shows the richest 20% of Ireland's population have 4.5 times the income of the poorest 20%.

"This shows that Ireland's policy of redistributing wealth by collecting taxes and paying welfare contributes toward creating a fairer society.

"It also puts us on a par with Germany and Sweden, who performed above the EU average as well."

- Digital Desk

More in this Section

Sony sells three million PlayStation VR headsets

House of Fraser collapsed owing creditors €539.75m, hitting brands such as Gucci

Business Grapevine: Successful Irish tech companies to compete for €1bn in UK funding

US threatens more sanctions in Turkey crisis

Today's Stories

Doubts Donald Trump’s growth spurt can be sustained

More From The Irish Examiner