Did Ireland’s economy really grow by 26.3 percent? Only on paper. Here’s the real story.

According to the latest national accounts, Ireland’s economy grew by a staggering 26.3 percent between 2014-2015. Exports are up 34 percent; investment is up 27 percent; and imports are up 22 percent. Per capita income per person, in employment, has increased from a whopping €88,000 ($98,000) in 2010 to €130,000 in 2015.