Investor Presentaiton
Overview of the Irish Economy
Ireland - The most successful growth story in Europe
Fastest growing economy in the eurozone
GDP per capita has grown from 69%
of the EU average in 1985 to 125%
in 2005
GDP growth forecasts*
-
-
6.0% 2006 (e)
6.0% 2007
- 5.0% 2008
Low inflation & low interest rates
Numbers employed 2m - highest ever
'Full' employment....but employment still
growing,.... immigration and increased
participation
Strong demographics
Total numbers at work have grown by
80% since 1985
*Source: Bank of Ireland Global Markets Economics Research Unit
Unemployment Rate
%
16
14.6
14
11.5
12
10.1
10
8.1
7.6
8.1
8
6
4.4
4.4
4.4
4
2
0
1991
1996
اتـ
7.9
4.2
7.1
2002
Ireland
2004
2005
2006
DEU
*
Expected
Source: CSO & Eurostat
Projected Population Growth (2005-2015)*
%
14
12.1
12
10
8
6
4
2
0
2.6
1.1
Ireland □ EU25
EU15
*Source: Eurostat
12
Bank of Ireland GroupView entire presentation