Is Ireland Really the most Prosperous Country in Europe?

Patrick Honohan

No 1/EL/21, Economic Letters from Central Bank of Ireland

Abstract: The well-known distortions affecting Ireland’s GDP complicate international comparisons. Ireland is a prosperous country, but per capita GDP data mislead by placing it second only to Luxembourg in the EU. Other measures, such as the Human Development Index, are also marred. Modified data provide an indication of the extent of the re-ranking that it is warranted.

Date: 2021-02
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