Ireland’s economy ‘requires boost in trade’

THE Irish economy remains one of the strongest in the EU — but the country’s international trade competitiveness is deteriorating.

According to the latest figures from the Central Statistic Office (CSO), Ireland had the second highest GDP per capita in the EU 27 at 38.9% in 2005.

A region’s gross domestic product, or GDP, is one of the ways for measuring the size of its economy.