“But even this dramatic adjustment means Ireland is still quite rich. It has 5 million people, so its GNI* per capita is about $54,000 — about 16% higher than the UK’s GDP per capita, and above either Germany or France.
And as The Economist shows, GNI* didn’t really start to diverge from GDP until 2000, and even in 2007 the divergence was pretty small. The stunning growth of the Irish economy in the 1990s and early 2000s was very real. And despite getting hit famously hard by the bursting of the housing bubble in 2008, Ireland retains its status as one of the world’s richest economies. The country may no longer be the “Celtic Tiger”, but its gains during that glorious epoch appear secure.”
How Ireland got so rich
https://www.noahpinion.blog/p/how-ireland-got-so-rich?publicationid=35345&utmmedium=email&utm_campaign=email-share&triggerShare=true&r=rahy2
via Instapaper