Ireland was the only country in the EU to experience a decrease in inflation between 2008 and 2012 but prices remain high by EU standards, according to the report Measuring Ireland’s Progress 2012, published by the CSO today. Ireland was the fifth most expensive EU state in 2012, after Denmark, Sweden, Finland and Luxembourg with prices 15% above the EU average. However, this represents a considerable improvement on 2008 when Irish prices were the second highest in the EU, at 30% above the EU average.
GDP rose slightly by 0.2% in 2012. The public balance deficit was the third highest of any EU member state at just over 8% of GDP, while government debt increased to 117.4% of GDP, having been at only 44.2% of GDP in 2008. The number of new houses and apartments, after peaking at almost 90,000 in 2006, collapsed to 8,488 in 2012, below the level in 1970. Ireland’s employment rate was the fifth lowest in the EU, and its unemployment rate was the fifth highest in the EU. The productivity of the Irish workforce remained above the EU average.
Ireland has the highest fertility rate and the second lowest divorce rate in the EU. Its population is increasing at the third highest rate in the EU and it has the highest proportion of young people and the second lowest proportion of old people in the EU. Average class size at primary level in Ireland is the second highest in the EU, though the early school-leaver rate is better than the EU average. The proportion of the population aged 25-34 in Ireland that has completed third-level education is the fourth highest in the EU. Over the period 2007-2012, the number of sexual offences increased by 50% while the number of robbery, extortion and hijacking offences over the same time period rose by nearly 30%. The number of homicide offences recorded in Ireland fell from 132 in 2007 to 79 in 2012, a decrease of just over 40%.
Economy: The GDP growth rate was 0.2% in 2012. The public balance deficit was 8.2% of GDP, the third largest in the EU but a big improvement on 2010 when it was 30.6%. Government debt increased substantially to 117.4% of GDP in 2012, the fourth highest debt/GDP ratio in the EU, having been 44.2% only four years previously. Nonetheless, in 2012 Ireland had the third highest GDP per capita in the EU at 29% above the EU average, although, based on GNI, Ireland was the eleventh highest at 5% above the EU average. Ireland’s gross fixed capital formation fell sharply since 2008 to only 10% of GDP in 2012, lower than any other EU state. The productivity of the Irish workforce in 2012, measured by GDP per person employed, was 43% higher than the EU average. As Irish employees work longer hours, the productivity per hour worked is relatively lower, but still 29% above the EU average. (Tables 2.3, 2.4, 2.5, 2.6, 2.8 and 2.15)
Prices: Ireland was the only country in the EU to experience a decrease in inflation (as measured by the Harmonised Index of Consumer Prices) between 2008 and 2012. Ireland had the fifth highest price levels in the EU in 2012 with prices 15% above the EU average and only Denmark, Sweden, Finland and Luxembourg were more expensive. However this is an improvement on 2008 when price levels in Ireland were 30% above the EU average and were the second highest in the EU. (Tables 2.12 and 2.13)
Employment and unemployment: The employment rate (for those aged 15-64) in Ireland rose from 65.2% in 2003 to 69.1% in 2007, but fell to 58.8% by 2012. However the employment rate increased slightly in 2013 to 60.2%. The male employment rate was stable over the 2003 to 2008 period at about 76% but fell sharply over the next three years to 62.4% in 2012 before increasing slightly to 64.6% in 2013. The female employment rate increased from 55.4% in 2003 to 60.6% in 2007 before falling to 55.2% in 2012 and increasing slightly to 55.9% in 2013. In 2012, Ireland’s employment rate was the fifth lowest in the EU, and its unemployment rate was the fifth highest rate in the EU. (Tables 2.14 and 2.16)
Social cohesion: The at risk of poverty rate in Ireland was 15% in 2011 which was below the EU rate of 17%. In 2011 6.9% of the population were in consistent poverty. This was an increase on the level recorded in 2010, when 6.3% of the population was living in consistent poverty. Ireland’s net official development assistance increased from 0.53% of GNI in 2007 to 0.59% in 2008, before declining to 0.5% in 2011, which is short of the UN 2007 target of 0.7%. (Tables 1.8, 1.10 and 1.13)
Education: Real expenditure per student in Ireland increased over the period 2003-2012 by 16% at first level and by 12% at second level. However there was a decrease of a fifth (20.1%) at third level over the same time period. In 2012 nearly half (46.9%) of the population aged 25-34 had completed third level education, the fourth highest rate across the EU. A tenth of the Irish population aged 18-24 left school with at most lower secondary education in 2012, better than the EU average of 13%. Average class size at primary level in Ireland in 2010/2011 was 24.1, the second highest in the EU. (Tables 4.1, 4.5, 4.6 and 4.8)
Health: Current public expenditure on health care in Ireland averaged €3,044 per person in 2011 (at constant 2012 prices), an increase of 15% on 2002. Life expectancy at birth in Ireland in 2011, as calculated by Eurostat, is 83 years for females, which is 0.4 years above the EU average. The male life expectancy at birth in Ireland was 78.6 years, nearly two years above the EU average. A 65-year old man in Ireland can now expect to live a further 16.6 years, while a 65-year old woman can expect to live 19.8 years. (Tables 5.1, 5.3 and 5.4)
Population: Ireland had the third highest percentage increase in population between 2002 and 2012 in the EU. Ireland had the highest fertility rate in the EU in 2011 at 2.04; the EU average was 1.57. The divorce rate in Ireland was 0.7 divorces per 1,000 population in 2011, the second lowest rate in the EU. In 2012, Ireland had the highest proportion of young people (0-14) in the EU, and the second lowest proportion of old people (65 and over); these combined to give Ireland an age dependency ratio that was similar to the EU average. (Tables 1.1, 1.5, 1.6 and 1.7)
Housing: The number of dwelling units built increased sharply to peak at almost 90,000 in 2006 before collapsing to 8,488 in 2012, below the level in 1970. The average value of a new housing loan in Ireland rose from €159,600 in 2003 to €270,200 in 2008 before dropping by over a third to €173,600 in 2012. (Tables 2.19 and 2.20)
Crime: The number of sexual offences increased by 50% between 2007 and 2012, while the number of robbery, extortion and hijacking offences over the same time period rose by nearly 30% and the number of burglary and related offences increased by nearly 19%. However the number of homicide offences fell by just over 40% between 2007 and 2012, from 132 to 79. There were also decreases in public order and other social code offences, which fell by nearly 28% over the same time period, while damage to property and to the environment fell by nearly 25%. (Table 1.15)
Environment: Ireland’s greenhouse gas emissions were at 106% of 1990 levels in 2011. This was lower than the Kyoto 2008-2012 target (by seven percentage points). The level of acid rain precursor emissions fell from 464.6 SO2 equivalent per 1,000 tonnes of gas emitted in 2000 to 318.1 in 2008, 4% above the Gothenburg Protocol 2010 target level of 306. This decrease is mainly due to lower levels of sulphur dioxide emissions. The percentage of waste recovered in Ireland rose to 43% in 2011, from just under a quarter in 2003, and 48% of waste was landfilled in 2011, a decrease on the 2003 figure of 61%. The landfill percentage varies widely in EU states, from 93% in Bulgaria to only 0.5% in Germany, where recycling and incineration rates are high. (Tables 3.1, 3.4, 3.5 and 3.6)
Measuring Ireland’s Progress 2012 is available on the CSO web site (www.cso.ie).
For further information:
Helen Cahill at 01 498 4253 or Liam Hogan at 01 498 5089.
Central Statistics Office 21 January 2014
– ENDS –