Ireland is one of the richest countries as per the ranking in the OECD and EU -27 of 2008. Their GDP (PPP) growth amounts to $325.831 billion (nominal, 2017)*. There is 7.8% growth in the economy and $ $69,231 per capita income with the inflation of -0.2%. There was some technical recession reported in the past years but then the economy gradually improved due to the export sector. In 2014, the economy reached 4.8%. The Wall Street Journal and The Heritage Foundation indexed Ireland as sixth economically free country*. The main growing industries are Alcoholic beverage industry, pharmaceuticals, aircraft leasing, IT and financial service sectors. The export sector includes computers, medical equipment, chemicals, food and animal products which are managed mainly by foreign multinationals and are key to economic growth. Their main export partners are from USA, UK, and Belgium.
Among European unions, Ireland is the first state to adopt electronic signature directive and electronic commerce directive issued by Electronic Commerce Act 2000 (ECA). The 82% people of Ireland have internet access out of which about 40% buy online. The services that are bought online are travel, tickets for events and hotel accommodation. More and more Irish companies are venturing into online sales portal. The 84% retailers are into online sales and the majority of them are advertising on social media such as Twitter and Facebook. They also intend to focus on new technology such as Mobile apps and tablet for sales growth.