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Will Ireland still be "2nd wealthiest in Europe"?

  • 28-09-2008 3:22pm
    #1
    road_high
    Registered Users, Registered Users 2 Posts: 19,636 ✭✭✭✭


    Now with the economic down turn hitting Ireland hard will we slip back down the Europe rankings in terms of average income?? We are second wealthiest apparently though I've always taken that with a pinch of salt.
    I mean look at the level of infrastructure the likes of Germany, France, UK, and Holland for instance have in comparison to us.


Comments

  • #2
    leninbenjamin
    Closed Accounts Posts: 8,983 ✭✭✭leninbenjamin


    that was always an illusory statistic, due to the high number of companies registered here to avail of the low corporation taxes.


  • #3
    mike65
    Closed Accounts Posts: 88,972 ✭✭✭✭mike65


    The figure was arrived at by dividing GNP by the population wsn't it? If so a completely nonsense way of measuring wealth. Anyway if our American friends pull out on any scale we're fupped and the infrastructural base only half built.

    Mike


  • #4
    leninbenjamin
    Closed Accounts Posts: 8,983 ✭✭✭leninbenjamin


    mike65 wrote: »
    The figure was arrived at by dividing GNP by the population wsn't it?

    depends on the report. many only bother with GDP which distorts it even further.


  • #5
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭gurramok


    Every person in Ireland owes an average of €94k in debt so that has to be taken into account :Dhttp://archives.tcm.ie/businesspost/2008/06/15/story33690.asp


  • #6
    mike65
    Closed Accounts Posts: 88,972 ✭✭✭✭mike65


    Yeah but remember our houses are worth...er less than when I started this sentence! :pac:

    Mike.


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  • #7
    markpb
    Registered Users, Registered Users 2 Posts: 9,388 ✭✭✭markpb


    mike65 wrote: »
    the infrastructural base only half built.

    Half? :)


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