Economic and Investment Outlook
Multinational activity distorts Ireland's data
Notwithstanding those issues, MNCs have real positive impact
Multinationals dominate GVA: profits are booked here but
overstate Irish wealth generation
Industry
Domestic side of economy adds jobs; MNCs add GVA/high
wages
Percentage of Total
Employment Compensation
Finance
40
Construction
Arts & Oth
Otheri
9
9
6
Dist, Tran, Hotel & Rest
Real GVA
of Employees
Industry (incl Pharma)
14
14
40
ICT (Tech)
7
10
19
ICT
Public Sector
29
28
9
19
Professional
10
14
9
Dist, Tran, Hotel & Rest
24
18
9
Real Estate
0
1
6
Financial
5
8
4
9
Construction
5
4
3
Professional
Agriculture
Arts & Other
1
1
1
4
2
1
Real Estate
Public Sector
Source: Eurostat
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Note: RHS based on calendar-adjusted seasonally-adjusted data as of 2023 Q1.
Source: Eurostat
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