In 2018 Ireland was the number 30 economy in the world in terms of GDP (current US$). Ireland is a small, modern, trade-dependent economy. The economy of the Republic of Ireland is primarily a knowledge economy, focused on services into high-tech, life sciences, financial services and agribusiness including agri-food.
Ireland is an open economy (6th on the Index of Economic Freedom), and ranks first for high-value foreign direct investment (FDI) flows. In the global GDP per capita tables, Ireland ranks 5th of 187 in the IMF table and 6th of 175 in the World Bank ranking. Foreign-owned multinationals make up a significant percentage of Ireland’s GDP.
In 2018 Ireland imported a total of $98.9B, making it the number 36th trade destination in the world.
In 2018 Ireland exported a total of $175B, making it the number 31st exporter in the world.