2 ms·
GDP doesn't tell us much in the case of Ireland, because these huge companies only invest very little in the country, as is typical for a tax haven. If you look
by bildung 9y ago
GDP doesn't tell us much in the case of Ireland, because these huge companies only invest very little in the country, as is typical for a tax haven. If you look at GNP, the gross national product, the actual gains for the people in Ireland are much lower. Have a look at GDP[1] and GNP[0] numbers per inhabitant for Europe: Where for most european countries both numbers are about the same, for Ireland there's a difference of over 30%. Much of Irelands GDP growth didn't result in more income for the people.
[0] = https://en.wikipedia.org/wiki/List_of_sovereign_states_in_Europe_by_GNI_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_sovereign_states_in_Eu...
[1] = https://en.wikipedia.org/wiki/List_of_sovereign_states_in_Europe_by_GDP_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_sovereign_states_in_Eu...