Macroeconomics By: Katie Samu June 15, 2017 Ireland Macroeconomics By: Katie Samu June 15, 2017

Assignment The Location Manager has assigned you to lead the research on the first foreign site location for the international production team. You must present your information and pitch your chosen location. The presentation must detail the economic condition of the country selected with facts and illustrations. You will be expected to highlight why the country is suitable for the international film-shoot, and how it meets the basic criteria given to contrast the USA in the spirit of the script. Also include any risks or recommend areas to consider prior to travel to this country, land or the economic climate and operations.

This is Ireland (Press Arrow) Hook This is Ireland (Press Arrow)

Geography Location: Western Europe, occupying five-sixths of the island of Ireland in the North Atlantic Ocean, west of Great Britain. Mostly flat to rolling interior plain Surrounded by rugged hills and low mountains; sea cliffs on the west coast Fun Fact: it is slightly larger than West Virginia

Climate Temperate maritime; modified by North Atlantic Current Mild winters, cool summers; consistently humid; overcast about half the time. Though weather is unpredictable, it can rain at anytime, but prolong periods of rain are rare. Rainfall is the heaviest westward, facing slopes of the hills. The east is much drier.

Government Structure Parliamentary System Liberal Democracy Unitary State Parliamentary Republic

Currency Euro 1 Euro = 1.11 USD

GDP (Trend) 238 Billion USD Represents 0.46% of the world economy Record low 1.94 Billion USD in 1960

Real GDP Trend 7.8% Annual Change

Per Capita GDP 65,249.70 USD Equivalent to 517% of the worlds average Averaged 30,965.25 from 1970-2015

Wealth Distribution in the population Housing and net financial assets was estimated by the Central Bank at € 626 billion, or € 135,078 per capita Household debt stood at €158 billion. 31 % of households where the age of the reference person was under 35 were classed as credit constrained

Enemies Korea Britain - Once enemies, now allies

Labor Force Agriculture > Male: 12% Employment Rate > Adults: 57.8% Expense > Current: 71.64 Billion Standard Week > 39 hours Occupation > Agriculture 8%, Industry 29%, Services 64% Minimum Wage: $8.65 hourly Unemployment Rate: 13.7%

Inflation Rate (Trend) Prices increased 0.2% in May 2017 after increasing 0.9% in April 2017. Lowest inflation since December 2016 Costs rose slower involving transportation, restaurants, and hotels. inflation rate averaged 4.69% from 1976-2017 all time high 23.15% in October 1981 record low -6.56% in October 2009

Infrastructure Sustainable energy sector The coastline has an abundance of renewable energy Going to be made to benefit the economy National transport investment over 10-years, has made rapid improvements in Ireland's road and motorway network Promotes sustainable national and employment growth Ireland’s rail network has the youngest inter city fleet in Europe. Service capacity and reliability have also much improved and passenger demand has responded, averaging a 4% per annum growth.

Main Exports Organic chemicals: $27.6 billion (21.5%) Pharmaceuticals: US$31.8 billion (24.9% of total exports) Organic chemicals: $27.6 billion (21.5%) Optical, technical, medical apparatus: $13.1 billion (10.3%) Electrical machinery, equipment: $9.8 billion (7.6%) Perfumes, cosmetics: $8.6 billion (6.7%) Machinery including computers: $7.2 billion (5.6%) Aircraft, spacecraft: $3.8 billion (2.9%) Other chemical goods: $3.4 billion (2.6%) Meat: $3.2 billion (2.5%) Cereal/milk preparations: $2.5 billion (2%)

Imports Electrical Machinery and Components 16% Fuel 15% Motor Vehicles 10% Food 10% Medical 9% Note: European Union accounts for 60% of total imports

Other Population Demographics Population: 4,952,473 (July 2016) 0-14 years: 21.51% (male 544,506/female 520,934) 15-24 years: 11.8% (male 297,025/female 287,512) 25-54 years: 43.52% (male 1,082,577/female 1,072,721) 55-64 years: 10.33% (male 256,353/female 255,155) 65 years and over: 12.84% (male 293,577/female 342,113) Population growth rate: 1.2% Median first birth age: 29.9 Life expectancy: 78-83years

Wrap Up Filming a movie in Ireland would be one of the best decisions, with amazing scenery and friendly people, beautiful oceans and cliffs, it would be a work of art to use the land for a fantasy or old village-typed-background. The overcast and once-in-awhile peaks of sunshine could expand something beautiful and drastic in one take. There’s castles and tons of sightseeing, the people are expressive and welcoming to their land, Ireland has a lot to offer.

References (Retrieved: 2017, June 15th) Ireland https://www.cia.gov/library/publications/the-world-factbook/geos/ei.html (Published: 2017, March 15th) This is Ireland https://www.youtube.com/watch?v=Rk8VibKA4Ws (Retrieved: 2017, June 15th) (Retrieved: 2017, June 15th) Geography http://www.ireland-information.com/reference/geog.html (Retrieved: 2017, June 15th) GDP Growth Rate https://tradingeconomics.com/ireland/gdp (Retrieved: 2017, June 15th) GDP Trend https://tradingeconomics.com/ireland/gdp-growth (Retrieved: 2017, June 15th) GDP Per Capita https://tradingeconomics.com/ireland/gdp-per-capita (Retrieved: (2017, June 15th) Wealth http://www.publicpolicy.ie/distribution-of-wealth-in-ireland/ (Retrieved: 2017, June 15th) Enemies http://www.irishexaminer.com/viewpoints/analysis/powerful-enemies-and-irelands-neutrality- 253739.html (Retrieved: 2017, June 15th) Labor Forces http://www.nationmaster.com/country-info/profiles/Ireland/Labor (Retrieved: 2017, June 15th) Inflation https://tradingeconomics.com/ireland/inflation-cpi (Retrieved: 2017, June 15th) Infrastructure http://www.idaireland.com/invest-in-ireland/ireland-infrastructure/ (Retrieved: 2017, June 15th) Exports http://www.worldstopexports.com/irelands-top-10-exports/ (Retrieved: 2017, June 15th) Imports https://tradingeconomics.com/ireland/imports (Retrieved: 2017, June 15th) Demographics http://www.indexmundi.com/ireland/demographics_profile.html