Saturday, October 30, 2010

Ireland, Dublin - Cost of Living

The economy of Ireland has transformed in recent years from an agricultural focus to a modern knowledge economy, focusing on services and high-tech industries and dependent on trade, industry and investment. Economic growth in Ireland averaged a (relatively high) 10% from 1995?2000, and 7% from 2001?2004. Industry, which accounts for 46% of GDP, about 80% of exports, and 29% of the labour force, now takes the place of agriculture as the country's leading sector.

Dublin is the largest city and capital of Ireland. The Economy of Dublin is centralised in the capital city of Ireland. As such, Dublin is the largest city and the country's main economic hub. Most government agencies and the machinery of government including the parliament are based there. Dublin is the focal point of Irish media and culture, the countries transportation networks are centred upon the city.

Dublin has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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