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15th Mar 2017

Here’s where Ireland ranks on the list of the most expensive countries in the European Union

Conor Heneghan

European Union

You might not be surprised to learn that we’re quite high on the list.

Ireland is the third most expensive country in the European Union, according to a report by the Central Statistics Office (CSO) titled ‘Measuring Ireland’s Progress’.

Data from the release, published by the CSO on Wednesday, revealed that only Denmark (36.8% above average) and the United Kingdom (31.3% above average) are more expensive than Ireland in the European Union, with prices (for final consumption by private households) in Ireland 22.5% above the EU average.

That figure is actually an improvement from Celtic Tiger times, when prices were approximately 25% above the EU average between 2006 and 2009, reaching a spike in 2008, when prices were 30% above average.

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They dropped as low as 18.1% above average in 2010, but have risen steadily since, reaching the figure of 22.5% above the EU average two years ago.

Some of the other key findings in the report included that Ireland has:

  • the third highest proportion of the population aged 25-34 that has completed third-level education in the EU
  • the second highest fertility rate in the EU at 1.94, well above the EU average of 1.58
  • the lowest divorce rate in the EU at 0.6 per 1,000 population
  • the eleventh lowest rate of employment in the EU in 2015
  • the tenth highest rate of unemployment
  • the fifth smallest increase in inflation in the EU between 2011 and 2015

You can read the report in full on the CSO website here.

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