10 World's Most Business Friendly Countries

Ireland

Ireland is an island which is the third largest island in Europe and the 20^th largest island on the Earth. It was recently forecasted that there are some expectations for positive growth in Ireland in terms of the GDP in 2012 which is expected to rise by 0.9 percent. The government of Ireland published the National Recovery plan in 2010 which aimed to restore the public finances and to bring the deficit in line with the European target of 3 percent by 2015. In 2011 this plan was front loaded with measures worth 5 billion Euros according to the plan and the VAT is supposed to be increased to 23 percent by 2014. The property tax and water charges will also be introduced to resolve their crisis situation. Now their GDP estimates to $203.89 billion.