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Overview

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Business in Ireland is an annual thematic e-publication released by the Central Statistics Office of Ireland. This publication outlines the key statistics for the Irish business economy in 2017.

Business Demography data (largely based on administrative data from the Revenue Commissioners) is used to analyse the number of enterprises and employment across the five sectors of Industry, Construction, Distribution, Services and Financial & Insurance. This data is combined with the Structural Business surveys, which are run annually by CSO.

This publication provides answers to many key policy questions, such as:

♦ the impact of SMEs on the Irish business economy

♦ the impact of foreign owned enterprises

♦ how concentrated is business economy value added creation in Ireland? 

♦ typical survival rates for new enterprises

Acknowledgement

The CSO would like to acknowledge and thank the many enterprises who completed their enterprise survey questionnaires. Without this extensive cooperation, this publication and a range of other important statistics would not be available. The CSO also wishes to acknowledge the contribution of the Revenue Commissioners, as the information provided by Revenue to the CSO is of critical importance in compiling these necessary outputs. All such administrative data provided is only used for statistical purposes. We think you will see the fruits of this data sharing in this very informative publication.

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Large (250+)SMEs (<250)
Active enterprises0.299.8
Persons engaged31.668.4
Turnover49.850.2
GVA61.438.6
  • Large enterprises (250+ employees) employed almost one third 32% of all persons engaged in 2017 and accounted for only 0.2% of total number of enterprises
  • SMEs accounted for 99.8% of total number of enterprises in 2017 and over 68% of all persons engaged
  • SMEs generated 50.2% of total Turnover in the business economy and almost 39% of Gross Value Added was attributed to these enterprises
DeathsBirths
20121620115080
20131828713824
20141533716256
20151594418100
20161426219249
201722241
  • The total number of enterprises that ceased trading during 2016 was 14,262, a decrease of 10.5% compared to 2015 levels
  • Enterprise deaths decreased by 12% in the period 2012 to 2016
  • In 2017, births showed an annual increase of over 15% to 22,241
  • The number of new births increased by 47.5% in 2017 when compared to 2012
  • The lowest number of enterprise births between 2012 and 2017 occurred in 2013 when 13,824 enterprises were established
Irish-ownedAll enterprises
Micro <107142685853
Small 10-494923456981
Medium 50-2495325577224
Large 250+95446295665
All size classes66054137382
  • Gross Value Added per person engaged averaged €137,382 for all enterprises in the Irish non-financial business economy in 2017, while GVA in Irish-owned enterprises averaged €66,054
  • Small enterprises reported GVA per person in 2017 of €56,981, while Medium enterprises reported GVA per person of €77,224 
  • GVA per person for Large Irish-owned enterprises was just over €95,400 but increased to €295,665 when foreign-owned Large enterprises were included
Top 50 by GVATop 50 by employment
Gross operating surplus70.540.3
GVA54.133
Turnover38.623.6
  • Industry stands out in terms of its reliance upon a small number of high value added enterprises. The 50 largest enterprises in Industry by GVA accounted for 73.0% of total Turnover, 85.6% of total GVA and 93.8% of Gross Operating Surplus for the sector
  • The 50 largest enterprises in the business economy by GVA accounted for 38.6% of total Turnover, 54.1% of total GVA and 70.5% of Gross Operating Surplus. These Top 50 enterprises only accounted for 6.3% of all persons engaged
  • The 50 largest enterprises in the business economy by employment accounted for 23.6% of total Turnover, 33.0% of total GVA and 40.3% of Gross Operating Surplus

Figure 1.5 Irish MNEs abroad and foreign MNEs in Ireland, 2017

Figure 1.5 Irish MNEs  abroad and foreign MNEs in Ireland, 2017

  • In 2017, Irish multinationals employed almost 974,000 persons in Foreign affiliates and generated Turnover of €228.4 billion
  • By contrast, Foreign multinationals employed just over 325,600 persons in affiliates in Ireland and generated Turnover of €386.3 billion
Gross Value Added
Hungary51.4
Slovakia48.1
Luxembourg44.6
Romania44
Czech Republic43.3
Ireland43
Latvia32.9
Bulgaria32.9
Poland30.6
Netherlands29.1
United Kingdom28
Lithuania27.8
Austria27.8
Slovenia27.3
Sweden26.9
Belgium25.5
EU2824.9
Estonia24.8
Germany 24.8
Portugal24
Croatia23.4
Finland23.2
Malta22.8
Spain22.2
Denmark21.5
France16.3
Greece16.3
Italy15.8
Cyprus13.4
  • Ireland ranked 6th in the EU28 for Gross Value Added contributions from Foreign-owned enterprises to the overall non-financial economy in 2016 (43.0% of total GVA)
  • This compares to the EU28 average of 24.9% for 2016
  • Hungary ranked highest with 51.4% of total GVA
  • Other high-ranking countries included Slovakia (48.1%), Luxembourg (44.6%) and Romania (44.0%) respectively
1.1 Main Indicators for all business sectors, 2017

The individual surveys used to compile this report can be accessed here

Go to next chapter >>>Enterprise Births, Survivals and Deaths