How rich is Ireland? This is a fascinating question, but one that is not so easy to answer, perhaps one of the reasons why surprisingly few attempts have been made to answer it on a systematic basis. When the former governor of the Central Bank of Ireland, Patrick Honohan, looked at three indicators that are often used to compare how well off countries are, back in 2021, he concluded: “Ireland is a prosperous country, but not as prosperous as is often thought because of the inappropriate use of misleading, albeit conventional statistics. There is less consumption per capita than in…

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