section_path: Economy
section_name: Economy
paragraph_text: Economy
  
  The GDP of the Republic of Ireland as of 2021 was €423.5 billion (nominal), and in Northern Ireland in 2021, it was £52 billion (GVA Balanced). The GDP per capita in the Republic of Ireland was €84,049.9 (nominal) as of 2021, and in Northern Ireland 2021 was £27,154 (GVA Balanced). The Republic of Ireland and the United Kingdom measure these numbers differently.
  
  Despite the two jurisdictions using two distinct currencies (the euro and pound sterling), a growing amount of commercial activity is carried out on an all-Ireland basis. This has been facilitated by the two jurisdictions' former shared membership of the European Union, and there have been calls from members of the business community and policymakers for the creation of an "all-Ireland economy" to take advantage of economies of scale and boost competitiveness.