This report underscores the pivotal role of manufacturing in Ireland’s economic ecosystem. It is a call to action to ensure our policy environment is fine-tuned to our evolving needs. The world may be uncertain, but with the right policies with recommendations in this report, we can deepen investment and innovation, securing a prosperous future for all.
In a world marked by global shifts and unpredictable events, Ireland has solidified its position as a dependable hub for business. The world we live in today poses unique challenges, but our journey so far, filled with many similar challenges in the past, has prepared us for anything. There is lots to be done, but as we face these global shifts, Ireland’s resilience and adaptability make it stand out in the global landscape.
This report on Manufacturing in Ireland 2023 stands as a testament to the sector’s strength. As unpredictable as the world seems right now, Ireland has withstood storms of equal size, ranging from economic downturns to geopolitical issues. The backbone of the country’s resilience? A thriving manufacturing sector.
Manufacturing In Ireland 2023
The numbers speak volumes. Each year, the manufacturing sector adds
an impressive €13.4 billion in wages and employment taxes. Ireland’s manufacturing sector set new records, exporting goods worth €208 billion in 2022. Additionally, it shoulders a significant portion of our nation’s corporation tax revenue at over 44%, or more than €10 billion, ensuring that our Government has the resources to support essential public services.
Ireland’s manufacturing sector is high-tech, high-end, global, and offers incredible value. Beyond that, our manufacturing sector’s yearly injection of €22 billion through its local spending, not only sustains our domestic industries, but also fosters economic growth across the board.