Investor Presentaiton
Underlying economy was robust pre-Covid
MNCs add real substance to IE economy
Ireland's income = wages (all sectors) + domestic sectors
profits + tax on MNC profits
250
Pre-Covid, Ireland had a robust underlying economy;
compared favourably to EA (2008 = 100)
200
Comp of
150
Employee,
MNC
€101bn,
100
Sector
GOS,
29%
€165bn,
Domestic
46%
50
0
Sector
Profits,
€87bn,
25%
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
2015
2017
2019
| MNC Sector Profits
Compensation of Employee
Real GVA EA19
Source: CSO, NTMA calculations (Nominal 2020 data used in left chart)
Domestic Sector Profits
Real GVA ex. MNC Profits
Ireland's GVA data has been adjusted to strip out the distortionary effects of some of the multinational activity that
occurs in Ireland. Specifically a profit proxy is estimated for the sectors in which MNCs dominate.
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