IEA Submission: Budget 2025 Recommendations

Trade plays a crucial role in Ireland’s economy, serving as a key driver of
growth, employment and prosperity. As a small, open economy, Ireland
heavily relies on international trade to fuel its economic development and
maintain competitiveness in the global market. The country’s goods exports
amounted to €197 billion in 20231, with service exports equating to €339.6
billion in 2022, and have significantly contributed to Ireland’s GDP and have
created numerous job opportunities.

As the Government prepares for Budget 2025, ensuring policies that support
and promote trade will be imperative to sustaining economic momentum,
attracting foreign investment, and fostering economic resilience in the face
of uncertainties. By emphasising the importance of trade and supporting
businesses in Budget 2025, Ireland can further solidify its position as a
thriving hub for global business and innovation.

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