Ireland ranks among the top twenty-five wealthiest countries in the world in terms of GDP per capita, and as the tenth most prosperous country in the world according to The Legatum Prosperity Index 2015. After joining the EEC, Ireland enacted a series of liberal economic policies that resulted in rapid economic growth. The country achieved considerable prosperity between the years of 1995 and 2007, which became known as the Celtic Tiger period. This was halted by an unprecedented financial crisis that began in 2008, in conjunction with the concurrent global economic crash. However, as the Irish economy was the fastest growing in the EU in 2015, Ireland is again quickly ascending league tables comparing wealth and prosperity internationally. For example, in 2015, Ireland was ranked as the joint sixth (with Germany) most developed country in the world by the United Nations Human Development Index. It also performs well in several national performance metrics, including freedom of the press, economic freedom and civil liberties. Ireland is a member of the European Union and is a founding member of the Council of Europe and the OECD. The Irish government has followed a policy of military neutrality through non-alignment since immediately prior to World War II and the country is consequently not a member of NATO, although it is a member of Partnership for Peace.
The 1922 state, comprising 26 of the 32 counties of Ireland, was "styled and known as the Irish Free State". The Constitution of Ireland, adopted in 1937, provides that "the name of the State is Éire, or, in the English language, Ireland". Section 2 of the Republic of Ireland Act 1948 states, "It is hereby declared that the description of the State shall be the Republic of Ireland." The 1948 Act does not name the state as "Republic of Ireland", because to have done so would have put it in conflict with the Constitution.
The government of the United Kingdom used the name "Eire" (without the diacritic) and, from 1949, "Republic of Ireland", for the state; it was not until the 1998 Good Friday Agreement that it used the name "Ireland".
As well as "Ireland", "Éire" or "the Republic of Ireland", the state is also referred to as "the Republic", "Southern Ireland" or "the South". In an Irish republican context it is often referred to as "the Free State" or "the 26 Counties".