www.idaireland.comCopyright IDA Ireland 2015

Ireland’s Economic & Competitiveness Update Q4 2015

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2013 2014 2015 2016

Over 125,000 additional people at work since 2012

Unemployment falling for 12 consecutive quarters, down to 9.4%, from peak of 15.1% in 2011

Irish labour costs have remained relatively stable since 2008, increasing by just 4% in total, this compares to a 14% increase in the EU

Labour Market Recovery Continues

Excellent flow of projects in the first half of 2015, 110 investments up from 100 last year, potential to create 9,000 jobs

Competitiveness gains have been sustained as the economy returns to strong growth

Exports grew 13.8% YoY in first half of 2015, reaching the highest recorded value of €125bn

Source: CSO, 2013 Balance of Payments, External Trade Data, IDA calculations

Composition of Exports

ComputerServices

BusinessServices

FinancialServices

MedicalDevices

Machinery& Transport

Food &Beverage

Pharma & Chemicals

28% 22% 12% 10% 6% 6% 5%

Employment grew 3%

between 2014& 2015

Fastest Growing Economy in the World

Source: IMF World Economic Outlook October 2015, CSO Quarterly National Accounts, *Department of Finance, Short Term Economic Outlook October 2015

5.2% 6.2% 4.2%1.4%

Strong FDI Flows

The IMF forecast that Ireland will be the fastest growing

advanced economy in the World in 2015 & 2016

Ireland’s manufacturing and services sectors showing

continuous strong growth since mid-2012

Retail sales and VAT signalling strength in domestic demand

Irish consumer sentiment is at its highest rate since 2006

Real GDP Growth