Ireland's economy is 82.4 percent free, according to our 2008 assessment, which makes it the world's 3rd freest economy. Its overall score is slightly lower than last year. Ireland is ranked 1st out of 41 countries in the European region, and its overall score is much higher than the regional average.
Ireland has high levels of business freedom, investment freedom, financial freedom, property rights, and freedom from corruption. Government regulation is light. Inflation is low, but Ireland's monetary score suffers somewhat from distortionary EU agricultural subsidies. Foreign investment is restricted only in a few sectors. Financial markets are transparent and open to foreign competition. Property rights are well protected by an efficient, independent judiciary.
Ireland's economy is significantly free, with only two categories slightly below the average world score. Fiscal freedom and government size both score 3 percentage points below average. Government spending as a proportion of GDP is just over one-third, and the top individual income tax rate is a high 42 percent.
http://www.heritage.org/Index/topten.cfm



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