Dublin is both the largest city and the capital of Ireland. It is located near the midpoint of Ireland's east coast, at the mouth of the River Liffey and at the centre of the Dublin Region. The population of the administrative area controlled by Dublin City Council was 505,739 at the census of 2006. At the same census, the Dublin Region population was 1,186,159, and the Greater Dublin Area 1,661,185.

Founded as a Viking settlement, the city has been Ireland's primary city for most of the island's history since medieval times. Today, it is an economic, administrative and cultural centre for the island of Ireland, has been recognised as an emerging global city by the Loughborough University group's 1999 inventory and has one of the fastest growing populations of any European capital city.

Dublin has been at the centre of Ireland's phenomenal economic growth over the last 10-15 years, a period (often of double-digit growth) referred to as the Celtic Tiger years. Living standards in the city have risen dramatically, although the cost of living has also soared. Dublin is now the planet's 16th most expensive city (8th most expensive city in Europe, excluding Russian cities). However, it has the fourth highest wages for a city in the world, ahead of both New York City and London, though behind Zürich, Geneva and Oslo.

Historically, brewing has probably been the industry most often associated with the city: Guinness has been brewed at the St. James's Gate Brewery since 1759. Since the advent of the Celtic Tiger years, however, a large number of global pharmaceutical, information and communications technology companies have located in Dublin and the Greater Dublin Area. For example, Microsoft, Google, Amazon, PayPal, Yahoo! and Pfizer (among others) now have European headquarters and/or operational bases in the city and its suburbs. Intel and Hewlett-Packard have large manufacturing plants in Leixlip, County Kildare, 15 km (9 mi) to the west. Banking, finance and commerce are also important in the city — the IFSC alone handles over €1 trillion a year. Many international firms have established major headquarters in the city (eg. Citibank, Commerzbank). Also located in Dublin is the Irish Stock Exchange (ISEQ), Internet Neutral Exchange (INEX) and Irish Enterprise Exchange (IEX).

The economic boom years have led to a sharp increase in construction, which is now also a major employer. Redevelopment is taking place in large projects such as Dublin Docklands, Spencer Dock and others, transforming once run-down industrial areas in the city centre. Dublin City Council seems to now have loosened the former limits on "high-rise" structures. The tallest building, Liberty Hall, is only 59.4 m (194.9 ft) tall; already under construction in the city is Heuston Gate, a 117 m (384 ft) building (134 m including spire). The 120 m (394 ft) Britain Quay Tower and the 120 m (394 ft) Point Village Watchtower have been approved. Construction has started on the latter. Also the U2 Tower will be the tallest building on the Island of Ireland when it is finished.

In 2005, around 800,000 people were employed in the Greater Dublin Area, of whom around 600,000 were employed in the services sector and 200,000 in the industrial sector. Economic growth is expected to slow in the coming years, with the Irish central bank predicting medium-term growth rates of around 3–5%. While this represents a slowdown relative to the early Celtic Tiger years, it is still stronger than growth in most other wealthy countries.


Source: Wikipedia. All text is available under the terms of the GNU Free Documentation License



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