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Irish GDP per capita fourth highest in EU states last year

NEW figures show Irish gross domestic product per capita was the fourth highest in EU states last year at 27pc above average.

The figures from Eurostat show Ireland was behind Luxembourg, the Netherlands and Austria in terms of the total value of activity divided by population which is a crude measure of purchasing power.

Luxembourg had the highest level, at more than 2.5 times the EU 27 average.

Finland, Belgium and Germany, were between 15pc and 20pc above the average, with France and the UK at between 5pc and 10pc above.

At the lower end of the scale, countries like Romania and Bulgaria were 50pc and 55pc lower than the average, respectively.