Economy
The economy of the Dublin Region was identified as being the powerhouse behind the Celtic Tiger, a period of strong economic growth of the state. This resulted in the economy of the region expanding by almost 100% between the early 1990s and 2007. This growth resulted from incoming high-value industries, such as financial services and software manufacturing, as well as low-skilled retail and domestic services, which caused a shift away from older manufacturing-industry. This change saw high unemployment in the 1980s and early 1990s which resulted in damage to the capitals social structure.
Regional GDP in 2002 was €42.505bn, with GDP per capita at 129% of the state average, and 171% of the European Union average. The workforce of the region in 2003 was 555,306 which equated to a 95.9% employment rate with services (80.0%), industrial employment (12.0%), and construction (8.0%) forming the key industries.
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Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)