note
on 1 January 1999, the EU introduced the euro as a common currency that is now being used by financial institutions in Ireland at a fixed rate of 0.787564 Irish pounds per euro and will replace the local currency for all transactions in 2002
Languages:
English is the language generally used, Irish (Gaelic) spoken mainly in areas located along the western seaboard
Elevation:
highest point: Carrauntoohil 1,041 m
lowest point: Atlantic Ocean 0 m
Climate:
temperate maritime; modified by North Atlantic Current; mild winters, cool summers; consistently humid; overcast about half the time
Ireland is a small, modern, trade-dependent economy with growth averaging a robust 9% in 1995-2000. Agriculture, once the most important sector, is now dwarfed by industry, which accounts for 38% of GDP and about 80% of exports and employs 28% of the labor force. Although exports remain the primary engine for Ireland's robust growth, the economy is also benefiting from a rise in consumer spending and recovery in both construction and business investment. Over the past decade, the Irish government has implemented a series of national economic programs designed to curb inflation, reduce government spending, increase labor force skills, and promote foreign investment. Ireland joined in launching the euro currency system in January 1999 along with 10 other EU nations. The Irish economy is in danger of overheating, with the tight labor market driving up wage demands and inflation.
