Irish Sovereign Green Bonds Update
Investment hit as construction sector has moved in & out
of lockdown; closed in Q1 but starting to open in Q2
Employment in construction remained down
in Q4 2020 but investment has rebounded
Another surge of IP into Ireland in 2019-2020
- helps ICT but distorts investment picture
300
250
200
150
100
50
0
2006 2008 2010 2012 2014 2016 2018 2020
Construction Employment (000s)
Building GFCF (€bn RHS)
10
200
9
180
160
8
140
7
120
6
100
5
80
4
60
3
40
2
20
1
0
0
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Source: CSO; NTMA calculations
€ 966T
1998
2000
2002
2004
2006
2008
Building Investment
I Distortions (mainly IP)
Total GFCF
Four-quarter
sum (€bns)
2010
2012
2014
2016
2018
2020
Other Domestic Investment
Modified GFCF
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