Ireland Economy

Working abroad sounds like an adventure to many people. However, job search in Ireland requires more than just the obvious Ireland cover letter and Ireland CV writing and translation, it requires thorough preparation. You will face problems that probably did not even come to your mind when you decided to get Ireland jobs.

Do not take too lightly the influence a work in Ireland can have on the effect of your adventure! For instance, you will experience the different immigration rules and practices, strange job application procedures, unfamiliar job candidate selection criteria and uncommon management culture.

Most visits to Ireland are trouble-free but you should be aware of the risk of indiscriminate terrorist attacks, which could be against civilian targets, including places frequented by expatriates and foreign travelers like restaurants, hotels, clubs and shopping areas. You should exercise a high degree of caution due to deteriorating security situation.
Criminal activity, as well as demonstrations and occasional protests remain a concern throughout the country. In recent years, the Irish authorities have carried out a number of investigations and operations against drug related crimes and terrorist networks.
Monitor local news broadcasts and consular messages. Ensure that your travel documents and visas are current, valid and secured in a safe place. Carry a photocopy of your travel documents in lieu of the originals. Maintain a low profile, vary times and routes of travel, and exercise caution while driving. Making local contacts quickly and seeking support from other expatriates will greatly increase your comfort and safety.

Ireland economy - overview: Ireland is a small, modern, trade-dependent economy. GDP growth averaged 6% in 1995-2007, but economic activity dropped sharply in 2008 and Ireland entered into a recession for the first time in more than a decade with the onset of the world financial crisis and subsequent severe slowdown in the property and construction markets.

Agriculture, once the most important sector, is now dwarfed by industry and services. Although the export sector, dominated by foreign multinationals, remains a key component of Ireland's economy, construction most recently fueled economic growth along with strong consumer spending and business investment.

Property prices rose more rapidly in Ireland in the decade up to 2006 than in any other developed world economy. The Irish Government has implemented a series of national economic programs designed to curb price and wage inflation, invest in infrastructure, increase labor force skills, and promote foreign investment.

Faced with sharply reduced revenues and a burgeoning budget deficit, the Irish Government introduced the first in a series of draconian budgets in 2009.

In addition to across-the-board cuts in spending, the 2009 budget included wage reductions for all public servants. These measures were not sufficient. In 2010, the budget deficit reached 32.4% of GDP - the world's largest deficit, as a percentage of GDP - because of additional government support for the banking sector.

In late 2010, the former COWEN Government agreed to a $112 billion loan package from the EU and IMF to help Dublin further increase the capitalization of its banking sector and avoid defaulting on its sovereign debt.

Since entering office in March 2011, the KENNY government has intensified austerity measures to try to meet the deficit targets under Ireland's EU-IMF program. Ireland achieved moderate growth in 2011 and cut the budget deficit to 10.1% of GDP, although the recovery is expected to slow in 2012 as a result of the euro-zone debt crisis.

Labor force - by occupation: agriculture 6%, industry 27%, services 67% (2006 est.)

Unemployment rate: 14.3% (2011 est.), 6.2% (2008 est.), 4.3% (2002 est.)

Natural resources: zinc, lead, natural gas, barite, copper, gypsum, limestone, dolomite, peat, silver

Industries: food products, brewing, textiles, clothing, chemicals, pharmaceuticals, machinery, transportation equipment, glass and crystal, software

euro banknotesCurrency: Euro (EUR; symbol €) = 100 cents. Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of €2 and 1, and 50, 20, 10, 5, 2 and 1 cents.

Credit/Debit Cards and ATMs: American Express, MasterCard and Visa are all widely accepted. ATMs are available everywhere, catering for Cirrus and Maestro symbols.

Traveler's Cheques: Accepted throughout Ireland. To avoid additional exchange rate charges, travelers are advised to take traveler’s cheques in Euros, Pounds Sterling or US Dollars.

Exchange rates: Euros (EUR) per US dollar - 0.7107 (2011 est.), 0.755 (2010 est.), 0.7198 (2009 est.), 0.6827 (2008 est.), 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.06 (2002), 1.12 (2001), 1.09 (2000), 0.94 (1999), 0.7 (1998)

Inflation rate (consumer prices): 2.5% (2011 est.), 4% (2008 est.)

Other Ireland Economy Info

To be successful in your Ireland job search and getting jobs you want, you need prepare Ireland cover letter and Ireland CV which you must email them instantly to the prospective employers selected during job search in Ireland.

When you receive an invitation to the Ireland job interview, you may apply for the Ireland visa visa and Ireland work permit. Then prepare yourself for job interview and take a look at Ireland dress code because how you dress is the one of the most important attribute in being hired.

Check the job interview do & don't and other job search skills pages. Find out why people are not hired for available jobs.

In addition, on the international info, job search, visa, work permit, cover letter, CV & resume, job interview and dress code pages you will find many useful tips for overseas job seekers.

Good luck with the Ireland economy info!