The chart represents the average income in US currency of individuals residing in the Republic of Ireland. 5 different years are compared, along with an estimated value for 2018.
Overall, the wages increased every recorded period of time except in 2008, where a slight decrease can be observed. The prediction for 2018 suggests that a major increase in the mean salary is expected.
In 1968, the average income stood at its lowest in the recorded time period at just shy of $8,000, and then rose in the following decade to around $10,000 in 1978. This trend continued with further improvements in 1998 when the median salary stood at approximately $13,000.
However, a deviation from this trend occurred when the average levels of pay decreased by around $1,000 in 2008 from the peak of 1998. Moreover, these reductions in wages are unlikely to continue as the projections for 2018 suggest that the median compensation will rise to over $20,000.