14/09/2011
Ireland In Top 5 Most Expensive
It has been revealed that last year Ireland was the fifth most expensive country in the EU.
Analysis by the Central Statistics Office (CSO) placed Ireland as most expensive just behind Denmark, Finland, Luxembourg and Sweden.
The report titled 'Measuring Ireland's Progress 2010' has also uncovered a fall in consumer prices over the last two years. But the CSO said Irish prices are still 18% above the average EU prices.
"This is a considerable improvement on 2009, when Irish prices were second highest in the EU behind Denmark, and 26% above the EU average," say the CSO researchers.
The rise in inflation follows higher prices for clothing, footwear, petrol and energy.
Meanwhile the report notes that Ireland remained in recession in 2010 and the deficit was "by far" the highest of any EU member state.With negative growth of -0.4% it was the third consecutive year of negative growth.
The report has also followed employment trends into 2010.
It places the productivity of the Irish workforce in 2010 at just over a third higher than the EU average. It is understood that Irish employees work longer hours meaning the productivity per hour worked is relatively lower, but still about 23% above the EU average.
In 2010, Ireland’s employment rate was below the EU average, and its unemployment rate was the sixth highest rate in the EU.
In terms of education the report said Ireland had the second highest class sizes at primary level in the EU- with an average 24.2 pupils per class.
Meanwhile the CSO found kidnapping and related offences almost doubled between 2005 and 2009.
Controlled drug offences were up by almost two thirds, while the number of weapons and explosives offences increased by more than half. However, the number of murders and manslaughters decreased from a peak of 84 in 2007 to 60 in 2009.
(LB/CD)
Analysis by the Central Statistics Office (CSO) placed Ireland as most expensive just behind Denmark, Finland, Luxembourg and Sweden.
The report titled 'Measuring Ireland's Progress 2010' has also uncovered a fall in consumer prices over the last two years. But the CSO said Irish prices are still 18% above the average EU prices.
"This is a considerable improvement on 2009, when Irish prices were second highest in the EU behind Denmark, and 26% above the EU average," say the CSO researchers.
The rise in inflation follows higher prices for clothing, footwear, petrol and energy.
Meanwhile the report notes that Ireland remained in recession in 2010 and the deficit was "by far" the highest of any EU member state.With negative growth of -0.4% it was the third consecutive year of negative growth.
The report has also followed employment trends into 2010.
It places the productivity of the Irish workforce in 2010 at just over a third higher than the EU average. It is understood that Irish employees work longer hours meaning the productivity per hour worked is relatively lower, but still about 23% above the EU average.
In 2010, Ireland’s employment rate was below the EU average, and its unemployment rate was the sixth highest rate in the EU.
In terms of education the report said Ireland had the second highest class sizes at primary level in the EU- with an average 24.2 pupils per class.
Meanwhile the CSO found kidnapping and related offences almost doubled between 2005 and 2009.
Controlled drug offences were up by almost two thirds, while the number of weapons and explosives offences increased by more than half. However, the number of murders and manslaughters decreased from a peak of 84 in 2007 to 60 in 2009.
(LB/CD)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
17 November 2009
House Market Recovery 'Patchy'
Any recovery in the Northern Ireland housing market is still patchy, according to the latest University of Ulster research. Average house prices have increased by around 2.1% in the third quarter. This brought the average property value to £164,017 compared with £158,886 in the second quarter.
House Market Recovery 'Patchy'
Any recovery in the Northern Ireland housing market is still patchy, according to the latest University of Ulster research. Average house prices have increased by around 2.1% in the third quarter. This brought the average property value to £164,017 compared with £158,886 in the second quarter.
08 June 2004
NI housing market shows sustainable rise
Northern Ireland’s housing market is growing at a much more sustainable rate than in the rest of the UK, with the cost of the average property going up by 8.6% over the year.
NI housing market shows sustainable rise
Northern Ireland’s housing market is growing at a much more sustainable rate than in the rest of the UK, with the cost of the average property going up by 8.6% over the year.
09 October 2002
NI marketers see higher-than-average wage increases
A survey has found that marketing professionals have seen average pay increases rise significantly above the national average, with the north's marketers earning around £30,000 a year. Pay increases for the industry averaged around 4% compared with the national average of 2.8%.
NI marketers see higher-than-average wage increases
A survey has found that marketing professionals have seen average pay increases rise significantly above the national average, with the north's marketers earning around £30,000 a year. Pay increases for the industry averaged around 4% compared with the national average of 2.8%.
11 June 2002
Irish economic growth to halve in 2002
The Central Bank of Ireland has said in its annual report that economic growth in Ireland is set to halve in 2002. Growth is likely to fall from 5.9% last year to just 3% in 2002, however next year should see an upturn, the Bank said.
Irish economic growth to halve in 2002
The Central Bank of Ireland has said in its annual report that economic growth in Ireland is set to halve in 2002. Growth is likely to fall from 5.9% last year to just 3% in 2002, however next year should see an upturn, the Bank said.
10 February 2011
Harsh Winter 'Moderates NI Rentals'
Anxiety over falling house prices, job security and obtaining an affordable mortgage continued to prop up rental values in Belfast in 2010. However, a new report also revealed today that after the hefty 7% jump in private rent prices recorded over the first nine months of 2010, prices fell by 4.
Harsh Winter 'Moderates NI Rentals'
Anxiety over falling house prices, job security and obtaining an affordable mortgage continued to prop up rental values in Belfast in 2010. However, a new report also revealed today that after the hefty 7% jump in private rent prices recorded over the first nine months of 2010, prices fell by 4.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.