The purpose of this bachelor thesis is to determine Ireland’s resilience to economic shocks. The analysis includes finding relevant indicators to measure country’s external vulnerability, analysis of recent and current economic situation in the country, overview of existing literature on the subject.These two research methods have been used: comparative analysis and linear regression model. In comparative analysis, in more detail Ireland was compared to Portugal, Japan and Lithuania. Also, resilience to economic shocks index was constructed and applied for a panel of 103 countries. Ireland ranked 10th. When making linear regression model, Ireland’s economic indicators from period 1970-2009 were compared, showing which indicators have most influence on Ireland’s resilience to economic shocks. The findings show that increase in population size and financial depth has the most effect.