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Ireland ranked 4th in terms of GDP per capita among 27 EU member states Rene Fluger Josef Horazny/Czech News Agency/Press Association Images

Irish GDP per head fourth highest in Europe

Ireland’s GDP per head of population was 27 per cent above the EU average in 2011.

IRELAND’S GROSS DOMESTIC output per capita in 2011 was 27 per cent above the European Union average, according to statistics released today.

The figures from Eurostat, the statistical office of the EU, show Ireland was behind just Luxembourg, the Netherlands and Austria in purchasing power standards.

Luxembourg has the highest level, at more than 2.5 times the EU average across 27 countries.

Finland, Belgium and Germany were between 15 per cent and 20 per cent above the average, while France and the UK were between 5 per cent and 10 per cent above.

Romania and Bulgaria, the newest members of the EU, were at between 50 per cent and 55 per cent lower than average.

Could Ireland become a totally cash-free country? >

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