Ireland is third most expensive EU state

Ireland is third most expensive EU state

Ireland is the third most expensive country in the European Union, according to a report released by the Central Statistics Office (CSO).

It was ranked alongside Finland in third place, with people in Denmark and Sweden the only ones paying more on a daily basis.

The ‘Measuring Ireland’s Progress’ report looked at the social, economic, educational, health and environmental situation in Ireland between 2010 and 2014, and compared it with other EU member states.

It found that the Irish pay 22.3 per cent more for goods and services than the average EU figure.

Yet this is still less that the cost of living during the final days of the Celtic Tiger, where people were paying 30 per cent above the odds.

What’s more, the rate of inflation was the third lowest in Europe between 2010 and 2014. And a further piece of positive news for Ireland was that its citizens were among the hardest working in the EU.

In 2014, its GDP per person was 44 per cent higher than the EU average – the second highest among member states.

However, employment figures for those aged 15-64 were relatively disappointing; with 66.3 per cent of Irish men in work compared to an EU average of 70.1 per cent.

As for the female demographic, 56.4 per cent of women in Ireland are employed, with the EU average standing at 59.5 per cent.

Find out more about this report, and other recent research on the Central Statistics Office website:www.cso.ie

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