Industry Sector Contribution to GDP in Ireland (1995-2022)

Industry Sector Contribution to GDP in Ireland (1995-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Ireland (1995-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Ireland
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Ireland's industry sector contribution surged in 2015 to 38.3%, a sharp increase from earlier levels, largely due to foreign direct investment, especially in pharmaceuticals and technology. By 2022, it reached a high of 41.5%, reflecting Ireland’s successful positioning as a hub for multinational corporations. This consistent growth since the mid-2010s underscores Ireland's reliance on high-value industries, establishing its industrial sector as a significant driver of GDP within a knowledge-based economy that supports advanced manufacturing and R&D.

Gain a broader perspective by reviewing Ireland’s government debt-to-GDP ratio, Ireland’s agriculture sector share in GDP, Ireland’s population growth trends.

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