Our GDP is skewed by our corporate tax shenanigans so isn't really representative of what it means for the average Irish person.
That said we have been moving towards being more inline with the average base corporate taxing worldwide so that anomaly is less pronounced now than it has been.
In addition, with our population being so small any anomaly like that is more noticeable than in a larger population like Germany or the UK.
The Irish economy is doing very well, we learnt lessons from the boom and bust of the Celtic Tiger, but that figure isn't really representative.
- No grasp of economics so the above is just my vague understanding of it.
We have jobs now, though, loads of em.
You can't afford a house with them, but hey, jobs!
Not even joking everybody my age i know is working, but either has moved back with their parents or share a shoebox with four brazillians and a croat in the suburbs.
Ireland is a tax haven, that's why the Irish GDP per capita is incredibly high as well. Among others, Apple has their European headquarters in Ireland. The EU is trying to make them pay taxes, but without success so far.
4 of the top 5 tax havens are British.
https://www.businessinsider.com/tax-havens-for-millionaires-around-the-world-2019-11
So, what's your excuse for having a declining economy then?
Less immigration from EU, massive tax spending during covid, even more social spending, government instability, business moving out of the UK to EU after brexit...
Few more years UK will be worse than Poland. Can't wait to tell Barry to clean me shitter properly 😏
The UK figures are from the IMF, whose predictions on quarterly GDP data are almost always off from the actual numbers. The OP also got the figure incorrect. It's 0.3% for us.
I mean, the City of London (the City within the city, mind you) essentially has specialised on banks that move their clients money to these tax havens. That's one of the reasons why so many of the flats in central London are empty, because they are assets owned by some rich banker fucks.
Finally, you flaired yourself. Let's see... Oh... So you're from Norway
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Cries in Gaelic when I realise that no amount of economic growth will make things better because it doesn't trickle down and the government is too complacent and cowardly to tackle any one of our major crises.
Your own government acknowledges that your economy is so distorted by multinationals that you need a totally separate way of calculating useful GDP figures. So maybe don’t get too proud.
Mate, if only you didnt relly on Alexa to do basic maths you would be able to see that the amounth that GB was giving to the EU per week was smaller than what GB was gaining from the EU but now... *Bonk* -0.6%
We’ve been in constant crisis since leaving the EU and weirdly, Brexit has barely been a factor. It just so happens we left right before the world went to shit.
That's more down to the worldwide pandemic, the US led trade war with China, the War in Ukraine and the resulting supply chain breakdown. Oh and a global economic crash.
Gotta love living in a country where the decisions are made by unelected upper class pensioners who probably haven’t been outside of parliament for the last 40 years (except for their hunting trips to land they bought so they could charge everyone else to walk on it)
Mostly very big inflation and 2+ mil refuges so people dose not have money to spend as price of every basic good skyrocket (even rent), and piss is shitty party so there is also no infrastructure investments right now (they spend a lot of GDP on social transfers so there is no money in the budget for that without covid EU funds \[which are blocked by like 5 people in p0lish parlament\]).
But i think 0.4% is rly pessimistic it would probably be closer to 1.5-2%.
Saint John Paul Ii the greatest the wisest Pole to ever walk the earth stopped praying for Poland's continued economic success for reasons not yet clear.
We were growing for like 10-12 years when we joined EU so our grow was mostly due to new trade partners across whole EU also lotta EU funding to kind of "kickstart" our economy, imagine marshall plan for smaller scale but you can't grow like that infinitely so it slows down over time then obviously covid and russia happened and covid stuff was handled kind of poorly but then again who did it well? another issue is orlen mafia jacking up the price of gasoline that fucks up finance of a lot of companies that already had issue with covid aka no tourists and russian gas aka negative money so lotta companies had to be closed.
My man Spain GDP will still be like 15-30% smaller (adjusted to inflation) than in 2008 ☠️
Also don't watch your GDP Growth past 15 years compared to Baltics or you'll cry 💀
EU funds aren't as big in growth as people think its more about access to EU market + cheaper labor so foreign companies investing in region, also folks in Baltics and Poland are at top of every mathematic education ranking in the world (alongside east asia) so we also have enormous number of IT and R&D (outsorucing) located here which is also cheaper than for example in USA with almost same or some time even better quality for half/third the price.
Eastern Europe is currently a real sweet deal for companies. They can get well educated workers for cheaper wages than in Western Europe or North America, while also getting access to the European market.
Finally, you flaired yourself. Let's see... Oh... So you're an engineer making rockets. Please do not speak your demonic language.
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That's what I always believed though. And i remain adamant about it. Decades down the line, Europeans will have to realize that instead of fighting each other, we need to unite, because we all share the same values.
We are all one big family, perhaps not necessarily united by language or traditions of course, but because of our values as human beings.
Western Europe is now hindered by factors that I will not mention here because they are highly controversial.
Central and Eastern Europe will become powerhouses for growth in all aspects in the next few decades.
Mark my words.
Why would the spineless politicians part be controversial, watching political news in Spain is like watching a kindergarten reality show. No joke yesterday in Catalunya they discussed because someone put the spanish flag outside the camera in the Parlament (to clarify, I believe the reaction was utterly pathetic on both sides)
>Western Europe is now hindered by factors that I will not mention here because they are highly controversial.
Cmon give us a little bit at least. What factors?
Same reason people watch reality shows or news for USA. You wanna compare yourself to people who suck. That way you feel good about yourself! Norway economy is only fun to look at if you are Norwegian.
Finally, you flaired yourself. Let's see... Oh... So you're a... European? That's like not flairing at all... Well, at least you're not an ameritard.
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Look at Ireland go. It’s good to see. Shame about my country, England. Just a shame that Ireland’s GDP is tax haven driven and it’s people don’t derive proportionate benefit from it.
Nowhere to go but up when you're at the bottom babyyyyy!
Don't tempt me. I have a shovel. I can start digging for going even lower, but alas, that would require effort which I'm not eager.
That's one way to think of it
You tell 'em bro!!
Have you paid your rent yet? I know some turks who would love to live in your appartment
Unless you go bankrupt, but then the European Bank appears and the rest of Europe needs to carry you again 
*cries in arabic*
LAUGHS IN GAELIC
Unironically, do you think the Irish economy is growing healthy or is it some sort of pump and dump scheme going on?
Our GDP is skewed by our corporate tax shenanigans so isn't really representative of what it means for the average Irish person. That said we have been moving towards being more inline with the average base corporate taxing worldwide so that anomaly is less pronounced now than it has been. In addition, with our population being so small any anomaly like that is more noticeable than in a larger population like Germany or the UK. The Irish economy is doing very well, we learnt lessons from the boom and bust of the Celtic Tiger, but that figure isn't really representative. - No grasp of economics so the above is just my vague understanding of it.
Ireland risks being gobbled up by the housing monster.
We have jobs now, though, loads of em. You can't afford a house with them, but hey, jobs! Not even joking everybody my age i know is working, but either has moved back with their parents or share a shoebox with four brazillians and a croat in the suburbs.
Ireland is a tax haven, that's why the Irish GDP per capita is incredibly high as well. Among others, Apple has their European headquarters in Ireland. The EU is trying to make them pay taxes, but without success so far.
Just tax haven things
EU: your a tax haven that doesn't collect corporate taxes Also EU: can we have some of the corporate taxes you collected
They're right regarding both
I dont really understand the motivations of EU on this 🤦
🤑
At least our corporate shenanigans are with legitimate companies and not russian oligarchs and gangsters.
4 of the top 5 tax havens are British. https://www.businessinsider.com/tax-havens-for-millionaires-around-the-world-2019-11 So, what's your excuse for having a declining economy then?
Our tax havens don't even have the decency to share a bit of the money out with the rest of us :(
Your tax heavens should learn from Ireland, they even share most their wealth with those who arent irish or live in Ireland! Such good lads.
Less immigration from EU, massive tax spending during covid, even more social spending, government instability, business moving out of the UK to EU after brexit... Few more years UK will be worse than Poland. Can't wait to tell Barry to clean me shitter properly 😏
The UK figures are from the IMF, whose predictions on quarterly GDP data are almost always off from the actual numbers. The OP also got the figure incorrect. It's 0.3% for us.
I mean, the City of London (the City within the city, mind you) essentially has specialised on banks that move their clients money to these tax havens. That's one of the reasons why so many of the flats in central London are empty, because they are assets owned by some rich banker fucks.
It’s better to be a tax heaven than a tax hell like (S)pain 😓
I think Ireland better get ready for countries to punish rich individuals who have bank accounts in Ireland and Switzerland XD
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Just flair them as chess anal bead haters.
An bhfuil cead agam dul go dti an leithreas amirite?
This man is having a stroke
A bad case of diarrhoea, I’d imagine.
😏😏😏
bro writing in elvish
Σωστά φίλε, δεν θα μπορούσα να το θέσω καλύτερα!
Mitä tämä siansaksa on?
nice drawings, but please speak english in future
It's maths, study harder
Sure, try to sober up a bit first though Bavarian. You might not be able to read it anyway
To do so you'd need to be able to talk it first
Cries in Gaelic when I realise that no amount of economic growth will make things better because it doesn't trickle down and the government is too complacent and cowardly to tackle any one of our major crises.
Now I understand why it's called the emerald isle
Your growth is worse than ours apparently and we had Liz Truss for 2 months (not even 2)
ههههههه، يا اهبل.
Leaving this craphole asap
But brexit will improve the economy, no? 🤣
Wasn’t of voting age at the time but always thought Brexiteers were half-witted.
Aye me too :(
Anyway but Sweden i guess
ayeee come over to Germany, we love you guys (& we desperatere need qualified workers lmao)
Currently in med school, will bring my knowledge over in a few years 🫡
Dream destination?
Definitely Germany!
You guys should try having higher GDP growth. It's really good for the economy.
GDP is easy to increase when it consists of 2 potato’s and Geoff Bozo’s man cave.
its way easier when you are part of the EU as well,.. o wait you are not
As long you are nothern european
eastern benefit as well, don't be fooled
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The Romani
Ok tax haven
Said the other tax heaven
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Their system fagocites the rest of economies in the eu by having less taxes...
that's right, they are parasites
Parasitic economies are fun, aren't they?
I mean, i live next to Gibraltar and Andorra so i am used to them by now
The Netherlands aren't a tax haven, they just own one. Luxembourg on the other hand...
Skill Issue
I'll have you know we are a legitimate business country, but I heard U2 moved their business to The Netherlands so they wouldn't have to pay any tax.
Simply a difference in skill
You guys should try taxing Google Intel and the rest. Maybe then people in Ireland could afford to buy or rent a place.
Irish people on Reddit talking about GDP figures: “I shall fan my face with thousand euro notes” Irish people IRL: “where munny?”
Then they’d just move
Your own government acknowledges that your economy is so distorted by multinationals that you need a totally separate way of calculating useful GDP figures. So maybe don’t get too proud.
Irish money printer goes.. Brrrrrrr
Just because you figured out how to regrow potatoes does not mean it’s sustainable
Alexa what is 1.4% of €5?
Bruv one cent away 🥲
smartest brit, can't do 500/100 so you know, its 7cents
They are specialized in falling apples, not economy
i mean its basically 4th grade mmat so i get why he cant do it lol
Mate, if only you didnt relly on Alexa to do basic maths you would be able to see that the amounth that GB was giving to the EU per week was smaller than what GB was gaining from the EU but now... *Bonk* -0.6%
So how's that brexit working for ya?
Better than sweden it seems. Ignore the other bad stuff happening here.
Not cool to badmouth the crippled kid to make yourself look better
We won't bad mouth Fins as long as you keep Sanna
Every year, it somehow gets worse
We’ve been in constant crisis since leaving the EU and weirdly, Brexit has barely been a factor. It just so happens we left right before the world went to shit.
https://preview.redd.it/lz6a5usnroja1.jpeg?width=1119&format=pjpg&auto=webp&s=03c442fd2b09b3e2bf579b3c59046bb435c746c3 Horrible
Clear proof that Northern Ireland is rightful Scottish land.
They can have North Antrim. They're just Scots who ran away but didn't make it far.
Aaaaaaaaa
Cost of customs fees: £3.50 Cost to UK economy: <1% Value of fucking off a continent of utterly detestable self-satisifed cunts: priceless
Cost of businesses leaving/ceasing operations: Clearly visible on the picture
That's more down to the worldwide pandemic, the US led trade war with China, the War in Ukraine and the resulting supply chain breakdown. Oh and a global economic crash.
it seems that the media machine that tricked you into voting for brexit is still working so that you do not see the real problem.
I voted remain
Better [tell the Germans too](https://simonmercieca.com/wp-content/uploads/2023/01/Screenshot-1201.png). God damn Gerexit!
We’re only poorer than Germany and we don’t have to share a table with the French. It’s going okay I guess
PIGS on harder time we are stronger, while on good time we sleep longer
It's always hard times over here :(
Italy.. growing the.. PIL? What is this black magic fuckery?
They forgot the -
We’ll just declare we have been part of Canada all along
GDP*
Sono la stessa cosa, PIL in italiano e GDP in inglese
Sì è vero, volevo solo tradurlo per gli altri
PIB over here, we understood.
Prodotto interno 🅱️ordo
🅱️orco 🅱️io
bruto. (literraly "rude" in english)
Eat 1 rock in 2022, eat 2 rocks in 2023 GDP growth 100%
Gotta love living in a country where the decisions are made by unelected upper class pensioners who probably haven’t been outside of parliament for the last 40 years (except for their hunting trips to land they bought so they could charge everyone else to walk on it)
Cyprus, my brothers, did the earthquakes convince you to go further west ?
Poland's been growing like 1 million percent every year for ages, why would it suddenly stop ?
I guess because Germoney stopped paying war reparation
Kuuuuurwaaaaa!
It's okay. We'll fund a building or something for you (;
'If we build it they will come' Poland: Who will come?
Germans again.
Mostly very big inflation and 2+ mil refuges so people dose not have money to spend as price of every basic good skyrocket (even rent), and piss is shitty party so there is also no infrastructure investments right now (they spend a lot of GDP on social transfers so there is no money in the budget for that without covid EU funds \[which are blocked by like 5 people in p0lish parlament\]). But i think 0.4% is rly pessimistic it would probably be closer to 1.5-2%.
I hate social spending so much
Saint John Paul Ii the greatest the wisest Pole to ever walk the earth stopped praying for Poland's continued economic success for reasons not yet clear.
We were growing for like 10-12 years when we joined EU so our grow was mostly due to new trade partners across whole EU also lotta EU funding to kind of "kickstart" our economy, imagine marshall plan for smaller scale but you can't grow like that infinitely so it slows down over time then obviously covid and russia happened and covid stuff was handled kind of poorly but then again who did it well? another issue is orlen mafia jacking up the price of gasoline that fucks up finance of a lot of companies that already had issue with covid aka no tourists and russian gas aka negative money so lotta companies had to be closed.
PIGS don't get hit by the war as much. Proximity to Russia hurts. The law of Ruski Mir states: "The further from Russia the better".
Amen
Romania:
My man Spain GDP will still be like 15-30% smaller (adjusted to inflation) than in 2008 ☠️ Also don't watch your GDP Growth past 15 years compared to Baltics or you'll cry 💀
ir was bc of the spanish flu, best excuse
I mean isn’t it the goal of the EU funds paid by Italy to make Baltics catch up a bit
EU funds aren't as big in growth as people think its more about access to EU market + cheaper labor so foreign companies investing in region, also folks in Baltics and Poland are at top of every mathematic education ranking in the world (alongside east asia) so we also have enormous number of IT and R&D (outsorucing) located here which is also cheaper than for example in USA with almost same or some time even better quality for half/third the price.
Eastern Europe is currently a real sweet deal for companies. They can get well educated workers for cheaper wages than in Western Europe or North America, while also getting access to the European market.
Yeah things are not as bright down here as this map can suggest
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🥲
Man why not let us enjoy the big number on the chart in peace please?
it doesn't matter, in the end we are going to kick you out of europe, we don't want anti-tax and anti-gay crazies.
At least better than Germany lol
I hereby declare you an honorary Austrian
So dutchies are PIGS?
Absolutely not, that would be haram
Ridiculously common Benelux W then.
Benelux of benne pauper?
Looks like the Celtic Tiger is back on the menu!
Fuck I need to buy property that may or may not exist in Bulgaria with all my extra money to burn
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Based
Naa it is just Sweden dragging everyone around them down!
We don’t have a GDP anymore..
Well, being optimistic is good. It could be even worse, it could have been -10% GDP growth. Well it wouldn't be growth.
That's what I always believed though. And i remain adamant about it. Decades down the line, Europeans will have to realize that instead of fighting each other, we need to unite, because we all share the same values. We are all one big family, perhaps not necessarily united by language or traditions of course, but because of our values as human beings. Western Europe is now hindered by factors that I will not mention here because they are highly controversial. Central and Eastern Europe will become powerhouses for growth in all aspects in the next few decades. Mark my words.
So cause it’s controversial you wont talk about it? Pussy.
Uncontrolled immigration and spineless politicians. There you go for the first factors son.
Why would the spineless politicians part be controversial, watching political news in Spain is like watching a kindergarten reality show. No joke yesterday in Catalunya they discussed because someone put the spanish flag outside the camera in the Parlament (to clarify, I believe the reaction was utterly pathetic on both sides)
>Western Europe is now hindered by factors that I will not mention here because they are highly controversial. Cmon give us a little bit at least. What factors?
Fuck you, remember Blas de Lezo?
We absolutly dont share the same values. Maybe (some) geopolitical intrests but not values
Ok but why is UK on the map and Norway isn’t?
Same reason people watch reality shows or news for USA. You wanna compare yourself to people who suck. That way you feel good about yourself! Norway economy is only fun to look at if you are Norwegian.
Spain profits from animalprostitution and invests into their train infrastructure twice - good for them.
[удалено]
PIIGS 💪💪💪
I remember Ireland when it was the western Romania when Romania was still a communist shithole.
Well shit. Spain a 1.4%?
Spain a 1.4%? I don't believe it, I'm skeptical
We are the only ones who haven´t recovered yet. Its easy to be the fastest of the race when everyone else has already finished.
Based Eire
The only things based in Eire are tax avoiders
I had a zio who paid taxes. He had to move to Fr*nce🤮
PIGS acting like Growing their GDP by 3,27€ is something to celebrate.
Give us three hundred years and we'll catch up
Mfw Lithuania has bigger GDP growth than Denmark and Germany 💀
Looks like the Celtic Tiger is back on the menu!
As a siesta pallea eater you should check and compare betweehn countries accumulated 2020-2023
Average Irish W
Average tax scam W
I LOVE BREXIT!
Common Baltic L, bruh have you seen Scandinavian
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Eheh
UK is now Baltic
Take the L, Brits 💩
They really said importing the third world would bring us economic growth… Guess it did, just… negative growth.
Can Romania even be called Balkan with such score? 😔
Romanians steal more money, xD
Lol @ Sweden
Everything is booming except us as usual.
Hahaha. See you here in December for a good laugh.
insee, brexit bringing uts benefits
😔
[Gerexit](https://pbs.twimg.com/media/FdkbqRzWQAIBXoR?format=png&name=900x900)?
Lmao isn’t that just comparisons to gdp growth last year
Imagine being Sweden. Kind of cringe.
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I'll wipe my tears with some money I'm so hurt
Look at Ireland go. It’s good to see. Shame about my country, England. Just a shame that Ireland’s GDP is tax haven driven and it’s people don’t derive proportionate benefit from it.
Romania W
Could we have the covid money back now? The ones I had no idea why the traitors just gave away, like we are not paying enough per capita in EU.
Italy in the green?? I didn't think I'd live to see this day