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News : Irish Economy Last Updated: Sep 10, 2012 - 8:58 AM


Irish Economy: Only 50,000 Irish direct workers responsible for 69% of annual Irish exports
By Michael Hennigan, Finfacts founder and editor
Sep 7, 2012 - 8:12 AM

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Irish Economy: Only 50,000 Irish direct workers are responsible for 69% of annual Irish exports, based on the headline total value of €164bn for merchandise and services exports in 2011.

Exports also provide indirect jobs but with a workforce of about 2m, including the unemployed, the fact that only 2.5% are working in exporting firms, is a signal that rising headline export figures may have little impact on employment. About 40 companies are mainly responsible for the 69% slice of headline exports.

Politicians of course use positive data as bragging material and some economists also do not look beyond the headline figures. The services export data is even more startling.

About 9,500 direct Irish-based workers were responsible for €58bn of services exports in 2011 - - 73% of total (Aviation leasing, Google, Microsoft, Apple, Dell, Oracle and Facebook).

Dan O'Brien, economics editor of The Irish Times, has an analysis on Irish exports in today's edition:

Are exports about to drop?

Finfacts analysis on exports:

Irish Economy 2012: At least a third of value of Irish services exports is overstated

Access to original research material on Finfacts Premium here:

Ireland's jobless exports surge since 2000

Check out our new subscription service, Finfacts Premium , at a low annual charge of €25 - - if you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to support the service.

It's a simple fact that in the prevailing economic climate, the provision of high quality content cannot be sustained through advertising alone. 

Business executives who put a premium on time and value high quality information, should use our service.

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