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

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

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TGM StatBox. (2024). Manufacturing Sector Contribution to GDP in Ireland (1995-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Ireland
Published date: 2024
Note: Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
Ireland's manufacturing sector saw a notable rise in its contribution to GDP from 1995 onwards, peaking dramatically at 34.8% in 2015, driven by foreign direct investment, particularly from tech and pharmaceutical sectors. The sector continued strong growth, reaching 38.0% by 2022, as multinational corporations increasingly based operations in Ireland due to favorable tax policies. This high GDP share, rare in developed economies, underscores Ireland's unique position as a global manufacturing hub, particularly for high-value goods, even amid recent global economic shifts.

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