Investor Presentaiton
The Transformation of the Irish Economy
1.4-
1.2-
Population
Average Annual Growth (%)
11
1-
0.8
0.6-
0.4-
0.2-
0-
1991-96
1996-02
2002-04
15
10
LO
5
Ireland EU
Unemployment Rate (%)
0
1991
1996
2002
2004
Ireland EU
GDP Per Capita
(vs EU Average=100)
140.0
120.0-
100.0-
80.0-
ull
60.0-
40.0
20.0-
0.0-
1985 1990 1995 2000 2004
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)
23
Source: CSO & Eurostat
Bank of Ireland
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