Report Feature
Recovery of global economy, particularly Europe is likely to impact the growth of the Irish economy. The service sector is the major contributor with 72% share in GDP. Apart from hi-tech and energy industries, financial intermediaries are driving the Irish economy. IT, communication, media, and renewable energy industries are likely to drive the Irish economy. The Irish economy is likely to grow to $263.9 billion at the current price by 2018 at a CAGR of 2.5% during 2013-2018.
Lucintel, a leading global management consulting and market research firm, has conducted a detailed analysis on this economy and presents its findings in “PESTLE Analysis of Ireland 2013”. The study indicates that Ireland is facing economic and social challenges due to high sovereign debt, low foreign exchange reserves, and high unemployment rate. The country witnessed recovery in current account balance and fiscal situation of the government with reducing fiscal deficit. The report highlights the major drivers of the economy.
The entertainment and media industry is one of the emerging industries in Ireland. Continuous digital innovation in Ireland led technology-based industries to grow with higher rate. The entertainment and media industry is set to grow with annual average growth of 4.2% during forecast period. Another emerging industry in Ireland is renewable energy industry. Renewable energy resources are abundantly available in Ireland, but only a fraction of these resources have been tapped so far. Renewable energy accounted for 15% of total energy requirements of Ireland in 2012. The Irish government has committed to increase this to 33% by 2020. 40% of electricity, 10% of transport consumption, and 12% of thermal consumption are targeted from renewable energy by 2020.
Lucintel highlights the key challenges faced by Ireland. The country faces economic and social challenges including high sovereign debt and high unemployment rate. Government internal debt had increased sharply in 2010 due to economic crisis and fund generated within the economy by issuing bonds. External debt also increased as debt taken from other European countries resulted in overall increase in government total debt. Major social concerns for the country include increasing unemployment rate which will affect the income levels and purchasing power.
This report includes in-depth analysis of the political scenario, economic and business risk, social and technological analysis of Ireland’s economy. This report provides knowledge on leading as well as the emerging industries in the country.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of “PESTLE Analysis of Ireland 2013” include:
- Trend and forecast for key macroeconomic variables that are useful to make major investment decision
- Analysis on economic activity, investment environment, and trade structure of the country
- Major industries in Ireland and its contribution to GPD
- Trends in savings, investments, and consumptions
- Analysis of Political, Economic, Social, Technological, Legal, and Environmental scenarios as well as their impact on different industries
- Analyses on geographical importance and social structure such as labor quality
- Strength, Weakness, Opportunity, and Threat (SWOT) analysis of Ireland
- More than 26 figures/charts and 12 tables are provided in this roughly 65-page report
Benefits of a Lucintel Report:
Lucintel’s core competency is in market research and management consulting. In the last 14 years, Lucintel has worked on hundreds of market and economic research studies. Lucintel’s market reports offer the following benefits:
- Enhance your global growth strategy with key economic and potential industry analysis
- Fine-tune your business expansion planning and market development with analysis of domestic demand analysis and demographics structure analysis
- Explore business opportunities with the analysis of leading industry, potential sector analysis and by understanding strength, weakness, opportunity, and threat of the country
- Know the business environment of the country using report’s PESTLE analysis and their impact on industry. Also included is Foreign Direct Investment and Trade structure analysis.
Table of Contents
1. Executive Summary
9. SWOT Analysis-Search of Potential Opportunity in Ireland
3.1: Sectoral contribution to GDP and GDP growth rate
3.2: Scenario analysis-future economic growth scenario of Ireland
3.3: Pricing trends-recent developments
3.4: Major economic growth drivers-consumption, saving, and investment
3.5: International trade and its contribution to GDP
3.6: Foreign direct investment (FDI)-pattern of investment
List of Figures
Figure 3.1: Global economic scenario
Figure 3.2: Trend of real GDP growth rate
Figure 3.3: Future economic growth scenario of Ireland
Figure 3.4: Quarterly trend of index of industrial production and GDP growth rate
Figure 3.5: Trend of per capita income
Figure 3.6: GDP sectoral contribution, 2012
Figure 3.7: Share of different sectors to GDP
Figure 3.8: Trend of leading industries in Ireland
Figure 3.9: Quarterly trend of inflation and interest rates
Figure 3.10: Annual trend of inflation and interest rate
Figure 3.11: Trend of savings and investments as percentage of GDP
Figure 3.12: Trend of consumption expenditure as percentage of GDP
Figure 3.13: Ireland’s international trade structure
Figure 3.14: Exports and imports as percentage of GDP
Figure 3.15: Trend of FDI inflows in Ireland
Figure 4.1: Trend of current account balance and percentage of GDP
Figure 4.2: Terms of trade of Ireland
Figure 4.3: Trend of balance of payment
Figure 4.4: Trend of gross government debt as percentage of GDP
Figure 4.5: Trend of gross government debt
Figure 4.6: Trend of foreign exchange reserves and exchange rate
List of Tables
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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