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The economy of the Republic of Ireland is a highly developed knowledge economy, focused on services in high-tech, life sciences, financial services and agribusiness, including agrifood. Ireland is an open economy and ranks first for high-value foreign direct investment flows. In the global GDP per capita tables, Ireland ranks 4th of 186 in the IMF table and 4th of 187 in the World Bank ranking. Foreign-owned multinationals continue to contribute significantly to Ireland's economy, making up 14 of the top 20 Irish firms, employing 23% of the private sector labour-force and paying 80% of the collected corporation tax. In mid-2019, economic growth in Ireland was predicted to decline, especially in the event of a disorderly Brexit.