Irish economic policy objectives include achieving balanced economic growth through increasing efficiency and equity. Economic growth is measured using GDP and GNP per capita, with the goal of nominal growth in real terms. Inflation and maintaining price stability are also objectives, with the European Central Bank targeting under 2% inflation. Competitiveness is important for Ireland's small, open economy and policies aim to improve education and reduce business costs while investing in infrastructure and transitioning to renewable energy sources.
3. Ireland as a regional economy $33,482 $50, 150 GDP (Nominal) Per Capita $16,574 billion $202.9 billion GDP (Nominal) Total $28,213 $43,600 GDP (PPP) Per Capita $14,953 billion $177.2 billion GDP (PPP) Total 1,669,807 sq mile 27,133 sq mile Area sq mile 1.6% 4,324,782 km2 70, 273 km2 Area km2 289 / sq mile 147.6 / sq mile Density per / sq mile 114 / km2 60.3 / km2 Density per / km2 0.8% 497,198,740 4,399,000 Population As a percentage European Union Ireland