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rom the US: chief of mission: Ambassador Thomas C. FOLEY embassy: 42 Elgin Road, Ballsbridge, Dublin 4 mailing address: use embassy street address telephone: [353] (1) 668-8777 FAX: [353] (1) 668-9946 Flag description: three equal vertical bands of green (hoist side), white, and orange; similar to the flag of Cote d'Ivoire, which is shorter and has the colors reversed - orange (hoist side), white, and green; also similar to the flag of Italy, which is shorter and has colors of green (hoist side), white, and red Economy Ireland Economy - overview: Ireland is a small, modern, trade-dependent economy with growth averaging 6% in 1995-2007. Agriculture, once the most important sector, is now dwarfed by industry and services. Although the exports sector, dominated by foreign multinationals, remains a key component of Ireland's economy, construction has most recently fueled economic growth along with strong consumer spending and business investment. Property prices have risen more rapidly in Ireland in the decade up to 2006 than in any other developed world economy. Per capita GDP is 40% above that of the four big European economies and the second highest in the EU behind Luxembourg, and in 2007 surpassed that of the United States. The Irish Government has implemented a series of national economic programs designed to curb price and wage inflation, invest in infrastructure, increase labor force skills, and promote foreign investment. A slowdown in the property market, more intense global competition, and increased costs, however, have compelled government economists to lower Ireland's growth forecast slightly for 2008. Ireland joined in circulating the euro on 1 January 2002 along with 11 other EU nations. GDP (purchasing power parity): $191.6 billion (2007 est.) GDP (official exchange rate): $258.6 billion (2007 est.) GDP - real growth rate: 6% (2007 est.) GDP - per capita (PPP): $46,600 (2007 est.) GDP - composition by sector: agriculture: 5% industry: 46% services: 49% (2002 est.) Labor force: 2.217 million (2007 est.) Labor force - by occupation: agriculture: 6% industry: 27% services: 67% (2006 est.) Unemployment rate: 4.6% (2007 est.) Population below poverty line: 7% (2005 est.) Household income or consumption by percentage share: lowest 10%: 2.9% highest 10%: 27.2% (2000) Distribution of family income - Gini index:
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