|
Other SAE Magazines Sites
|
|
Global Development: Part II Europe
Ireland
-
Ireland has experienced economic growth recently. GDP is $79 billion and per capita income $21,840. The inflation rate is 1.9%. The government, in this nation of 3.6 million people, consumes 14.8% of GDP. Ireland's top income tax rate is 48% (average: 26%). The top corporate tax rate is 32%, the capital gains tax 40%, the value-added 21%.
The automotive industry has grown since 1993 while the government had incentives to scrap older cars. In 1998, new registrations reached 145,000 units, creating a total fleet of 1.1 million cars. Volkswagen, Ford, General Motors, Toyota, and Nissan account for 60% of sales.
Country profiles were provided by Raymond Champagne
|
|
|
