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The island has enjoyed 21 years of continuous growth, has reduced unemployment from 12%to1.4%4%, increased GDP from 54% of the UK's to 110%, and managed to shake off its reputation as an offshore tax haven while offering zero-rate corporation tax.
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While their increasingly globalized economies have increased GDP and lifted many from poverty, they have left many behind, and searing inequity remains.
If you take a broader, "dynamic scoring" approach, they estimated that the bill would increase GDP by between 0.3percentand0.4percentcent from 2007 through 2011 and by 0.8percentto1.3percentcent from 2012 through 2016.
That is unsettling, since it suggests that companies can get richer and yet employees can stop benefiting from increasing GDP: what happened to trickle-down?
Countries look to wildlife conservation as a means to increase GDP, increase foreign exchange earnings from tourism, provide public amenities and promote economic gain for local communities.
Economic data suggests that fully including women in the economy has helped countries increase their GDP from between five and 34%.
There is also agreement that the contribution of the urban population to the national GDP increased from 26 per cent of GDP in 1972 to more than 50 per cent by 2005.
Specifically, total health expenditure as a percentage share of Gross Domestic Product (GDP) increased slightly from 4.9% in 1998 to 6.4% in 2008, mainly as a result of increases in government and social security expenditures on health.
In its annual report to ministers, it said in the medium term "higher inward migration would tend to increase tax receipts and not add much to age-related spending pressures, even whilst allowing for an increase in GDP from extra employment".
The more recent Treasury working paper, released in budget week, implies a slightly larger $4.30 increase to GDP from each $1 in revenue cut.
'GDP AAL rate' is the annual increase in GDP from Agriculture and Allied Sectors (a flow).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com