Investor Presentaiton
Irish Economic Environment - Overview
Population Ave. Annual Growth
GDP Per Capita (vs. EU Average=100)
%
%
2.4
140.0
124.0
2.0
115.0
2.0
120.0
1.6
1.4
1.3
100.0
89.4
75.5
80.0
69.0
1.2
60.0
0.8
0.6
0.4
0.4
40.0
0.3
0.4
20.0
0.0
0.0
1991-96
1996-02
2002-04
2002-2006
1985
1990
1995
2000
2005
Ireland
□ EU
Unemployment Rate
7.8
40
Ireland was in a position of relative weakness
compared to its European peers in the 1980's.
It has seen significant growth in the last 20 years
with GDP per Capita growing from 69% of the
EU average in 1985 to 123% in 2004.
With the strength of the fundamentals, the Irish
economy can support this growth going forward.
Bank of Ireland Global Markets are forecasting
5.5-6.0% GDP growth over the medium term,
underpinned by 2.5% labour force growth and
3.5% productivity gains (average in last 5 years
and the 1990's)
Bank of Ireland Group
%
16.0
14.6
14.0
11.5
12.0
10.1
10.0
8.1
8.1
7.6
8.0
6.0
4.4
4.4
4.3
4.0
2.0
0.0
1991
1996
■Ireland
2002
2004
2005
DEU
Source: CSO & EurostatView entire presentation