Cover cartoon in the July 1956 edition of the satirical magazine 'Dublin Opinion' — ‘Shortly Available: Underdeveloped Country: Unrivalled Opportunities: Magnificent Views, Political and Otherwise: Owners Going Abroad.’ As the Irish political system remained in a state of stasis, other Western European countries were rebuilding. West Germany recorded a goods trade surplus in 1952, and it has been in the black since. The period 1950-1973 was called the Golden Age of Economic Growth in Western Europe. Real (inflation-adjusted) annual average compound growth rates were unprecedented, according to Prof Angus Maddison: Greece grew 6.2% annually; West Germany and Italy expanded by 5% each year; France achieved 4%; Portugal and Spain logged 5.7% and 5.8% respectively. The UK had the lowest rate at 2.5%. Ireland's performance was at 3.1% as was Denmark, Sweden and Switzerland — the latter countries were growing from higher prewar bases. For example, in 1973, Swiss per capita GDP was 138% higher than Ireland's, while Denmark's level was 104%.
The Republic of Ireland has done well servicing American companies in the past 10 years. The Ecomosit says it's “polluted by tax arbitrage.”
The Central Bank of Ireland, "As of Q4 2024, the wealthiest 10 per cent of households held 49.1 per cent of total net wealth in the country."
The Irish economy, as measured by Gross Domestic Product (GDP), was 22% larger in the first quarter of 2025 than one year earlier, according to the latest estimates from the Central Statistics Office (CSO). Think about it. The figures suggest that for every €1 of activity last year, there was €1.22 in 2025.7 Jun 2025
EU: 2015-2023: Industrial production by country, annual rates of change (%) 36% in 2015; 2020 14.6%; 2021 28.4%; 2022 18.9%; and 2023 (-7.7%).
Ryanair, in 40 years, is a unique Irish home-grown enterprise that has become the leader in its field across Europe
On July 8, 2025, Ryanair marks its 40th birthday, tracing its roots back to a humble 15‑seat Embraer Bandeirante turboprop that launched.
In its last reporting year, Ryanair’s fleet of over 550 aircraft carried more than 200 million passengers. The airline is the biggest in Europe.
Michael O'Leary has been key to its success for 34 years. He is Irish and the head office is in Dublin.