Ireland Average Salaries & Expenditures

 
Contents
Average Salary per Sector   Workforce Composition   Vacation Time
Exchange Rates   Cost of Living   References
 

Average Salary in Ireland - Sector Comparison.

Sector  Net Monthly Income  constant 2005 US$ (1) Notes                                                                               Gross Monthly Average Income (2) Compulsory Deductions (3) Weekly Hours (4)
 
Gas-Electricity-Water average income PPP $ 3,715 $ 4,311 Establishments with 10 or more persons employed, 2004. 4,548 euros 26% 38.8
Manufacturing average income PPP $ 2,606 $ 3,025 Establishments with 10 or more persons employed, 2004. 2,746 euros 14% 39.1
 
  (1) The net average income in "constant 2005 US$" is computed using the Interbank nominal exchange rate [a] and the U.S. inflation rate [d]. The net average income in "constant 2005 US$" at PPP is computed using the IMF PPP exchange rate [d] and the U.S. inflation rate [d]. The latter reflects the purchasing power in the United States in 2005.
  (2) The gross monthly income and number of hours worked is based on data supplied by the Ireland Central Statistical Office to the International Labour Organization [9]. The average income includes the salaries and wages of paid employees. Employees include both men and women unless otherwise noted.
  (3) The compulsory deductions are obtained from a gross/net income calculator [t] and reflects the 2005 income tax rates in Ireland. The deductions are representative of single-earner-married-without-child status, and include social insurance and income tax.
  (4) The weekly hours are based on data supplied by the Ireland Central Statistical Office to the International Labour Organization [9].
 
 

Workforce Composition

:
percentage of total workforce
   Primary (1)  Manufacturing   Education   Financial   Paid Employees   Unemployed  
2005 6.4   14.1   6.4   4.4   82.4   4.4  
%
(1)    Agriculture, hunting, forestry, fishing, mining, and quarrying.
Source: International Labour Organization [9].
 

Workforce Size

 :  
1.93 million (2005).
Source:   International Labour Organization [9].
 

Population

 :  
4.06 million (2006).
Source:   CIA World Factbook [b].
 

Compulsory Deductions

 :  
17.7% for a single with no child, 0.6% for a single with two children, 11.2% for a one-earner married couple with no child, and -1.8% for a one-earner married couple with two children.
Source:   OECD Tax Database, combined deductions on a gross monthly salary income of 2,639 euros including the family benefits in terms of cash transfers [k].
 

Vacation Time

 :  
4 weeks per year plus 9 public holidays (legally required minimum) [e].
 

Inflation

 :  
118.5 (2001), 124.1 (2002), 129.1 (2003), 132.1 (2004), 134.8 (2005);
Source:   IMF inflation rates [d], Index: 1995=100.
 

PPP Exchange Rate

 :  
0.911 (2001), 0.939 (2002), 0.942 (2003), 0.933 (2004), 0.945 (2005);
Source:   IMF PPP exchange rates [d], euros per U.S. dollar.
 

Nominal Exchange Rate

 :  
1.115 (2001), 1.057 (2002), 0.883 (2003), 0.804 (2004), 0.803 (2005);
Source:   Interbank nominal exchange rates [a], euros per U.S. dollar.
 

Cost of Living

 :  
0.817 (2001), 0.888 (2002), 1.067 (2003), 1.160 (2004), 1.177 (2005);
Source:   Interbank nominal exchange rates [a] and IMF PPP exchange rates [d], US=1.000.
 

 

References

 
[9]   International Labour Organization. Compilation of average salary income worldwide. Classified by country, by employment category, and by gender.
[a]   Interbank nominal exchange rate, Oanda.com; historical currency converter for over 164 currencies and 3 metals.
[d]   World Economic Outlook Database, September 2006, International Monetary Fund.
[e]   Wikipedia, Vacation.
[k]   OECD Tax Database. Annual database providing comparative information on personal and corporate income tax and consumption tax systems and rates in OECD countries since 2000. Information on social security contributions levied on employees and their employers is also reported.
[t]   Irish Net Income Calculator, KPMG, Budget 2005.
 
Other links:
Social Security in Ireland, Social Security Programs Throughout the World, 2004-2005, compiled by the U.S. Social Security Administration.
Ireland: Statistics, Organization for Economic Co-Operation and Development (OECD).
Ireland Economy Overview, CIA World Factbook.
Ireland: Selected Internet Resources, U.S. Library of Congress.