Creative Industries Ireland
Population: 4,832,765 (July 2014 est.)
Internet country code: .ir
three equal vertical bands of green (hoist side), white, and orange; officially the flag colors have no meaning, but a common interpretation is that the green represents the Irish nationalist (Gaelic) tradition of Ireland; orange represents the Orange tradition (minority supporters of William of Orange); white symbolizes peace (or a lasting truce) between the green and the orange similar to the flag of Cote d’Ivoire, which is shorter and has the colors reversed – orange (hoist side), white, and green; also similar to the flag of Italy, which is shorter and has colors of green (hoist side), white, and red
note: similar to the flag of Cote d’Ivoire, which is shorter and has the colors reversed – orange (hoist side), white, and green; also similar to the flag of Italy, which is shorter and has colors of green (hoist side), white, and red
Ireland / Éire
Celtic tribes arrived on the island between 600 and 150 B.C. Invasions by Norsemen that began in the late 8th century were finally ended when King Brian BORU defeated the Danes in 1014. Norman invasions began in the 12th century and set off more than seven centuries of Anglo-Irish struggle marked by fierce rebellions and harsh repressions. The Irish famine of the mid-19th century saw the population of the island drop by one third through starvation and emigration. For more than a century after that the population of the island continued to fall only to begin growing again in the 1960s. Over the last 50 years, Ireland’s high birthrate has made it demographically one of the youngest populations in the EU.
The modern Irish state traces its origins to the failed 1916 Easter Monday Uprising which touched off several years of guerrilla warfare resulting in independence from the UK in 1921 for 26 southern counties; six northern counties remained part of the UK. Unresolved issues in Northern Ireland erupted into years of violence known as the “Troubles” that began in the 1960s. The Government of Ireland was part of a process along with the UK and US Governments that helped broker what is known as The Good Friday Agreement in Northern Ireland in 1998. This initiated a new phase of cooperation between Irish and British governments. Ireland was neutral in World War II and continues its policy of military neutrality. Ireland joined the European Community in 1973 and the Eurozone currency union in 1999. The economic boom years of the Celtic Tiger (1995-2007) saw rapid economic growth, which came to an abrupt end in 2008 with the meltdown of the Irish banking system. Today the economy is recovering, fueled by large and growing foreign direct investment, especially from US multi-nationals.
Ireland is a small, modern, trade-dependent economy. Ireland was among the initial group of 12 EU nations that began circulating the euro on 1 January 2002. GDP growth averaged 6% in 1995-2007, but economic activity has dropped sharply since the onset of the world financial crisis. Ireland entered into a recession in 2008 for the first time in more than a decade, with the subsequent collapse of its domestic property market and construction industry. Property prices rose more rapidly in Ireland in the decade up to 2007 than in any other developed economy. Since their 2007 peak, average house prices have fallen 47%. In the wake of the collapse of the construction sector and the downturn in consumer spending and business investment, the export sector, dominated by foreign multinationals, has become an even more important component of Ireland’s economy. Agriculture, once the most important sector, is now dwarfed by industry and services.
In 2008 the former COWEN government moved to guarantee all bank deposits, recapitalize the banking system, and establish partly-public venture capital funds in response to the country’s economic downturn. In 2009, in continued efforts to stabilize the banking sector, the Irish Government established the National Asset Management Agency (NAMA) to acquire problem commercial property and development loans from Irish banks. Faced with sharply reduced revenues and a burgeoning budget deficit, the Irish Government introduced the first in a series of draconian budgets in 2009. In addition to across-the-board cuts in spending, the 2009 budget included wage reductions for all public servants. These measures were not sufficient to stabilize Ireland’s public finances. In 2010, the budget deficit reached 32.4% of GDP – the world’s largest deficit, as a percentage of GDP – because of additional government support for the country’s deeply troubled banking sector. In late 2010, the former COWEN government agreed to a $92 billion loan package from the EU and IMF to help Dublin recapitalize Ireland’s fragile banking sector and avoid defaulting on its sovereign debt. Since entering office in March 2011, the new KENNY government has intensified austerity measures to try to meet the deficit targets under Ireland’s EU-IMF program. Ireland has grown slowly since 2011, but managed to reduce the budget deficit to 7.2% of GDP in 2013. In late 2013, Ireland formally exited its EU-IMF bailout program, benefiting from its strict adherence to deficit-reduction targets and success in refinancing a large amount of banking-related debt.
GDP (purchasing power parity):
$190.4 billion (2013 est.)
country comparison to the world: 59
$189.3 billion (2012 est.)
$189 billion (2011 est.)
note: data are in 2013 US dollars
Creativity NI aims to stimulate creative connections by showcasing the work of creative and innovative organisations across the north of Ireland. It particularly highlights the transformative power of the creative industries and cultural sectors. These areas are increasingly recognised across the world as drivers of wider business and social innovation. They can act as catalysts and enablers of a more collaborative region which embraces creativity and innovation at all levels of society.