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:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)