SDG 10.4.1 Labour share of GDP, data is published by CSO, National Accounts Division.
The target for this indicator is Target 10.4 which is to:
'Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality'.
The definition in the UN metadata repository for SDG 10.4.1 is as follows:
Labour share of Gross Domestic Product (GDP) is the total compensation of employees and the labour income of the self-employed given as a percent of GDP, which is a measure of total output. It provides information about the relative share of output which accrues to workers as compared with the share that accrues to capital in the production process for a given reference period.
Net national income (at market prices) rose from €145.2bn in 2015 to €181.1bn in 2020. Over this same time period, net value added at factor cost rose from €186.5bn to €253.2bn. Nearly all (€245.9bn) net value added was non-agricultural in 2020. The largest components of non-agricultural net value added in 2020 were domestic trading profits of companies before tax (€121.7bn) and wages and salaries (€84.4bn). See Table 5.1.
The labour share, (the total compensation of employees and the labour income of the self-employed), as a percentage of GDP fell from 33.5% in 2016 to 29.3% in 2020. Over this time period, the labour share as a percentage of modified gross national income increased slightly from 51.7% to 52.5%. See Table 5.2 and Figure 5.1.
X-axis label | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|
Gross Domestic Product (GDP) | 33.4724730841936 | 32.5010120907319 | 31.3879837901505 | 30.5984664302387 | 29.3055046824291 |
Gross National Product (GNP) | 41.280766346492 | 41.1224833646967 | 40.7092495445281 | 39.5870238162411 | 38.6617399715202 |
Gross National Income (GNI) | 41.0943066489032 | 40.9355341129522 | 40.5265980102444 | 39.424950591913 | 38.5116302744766 |
Net National Income (NNI) | 57.8075062933812 | 59.0673955921118 | 58.6782354572927 | 57.4639173918496 | 60.3319008400828 |
Modified Gross National Income (GNI*) | 51.7204242532087 | 52.1288455425527 | 51.7329935019171 | 50.609687316691 | 52.4893043746733 |
SDG 10.4.2 Redistributive impact of fiscal policy is indicated by data published by the CSO, SILC. The Gini Coefficient will be reported as a second series in the database as it is a component of this indicator.
According to the CSO, Survey on Income and Living Conditions (SILC) 2019 report, the Gini coefficient measures income equality across the entire income distribution. The GINI coefficient, which is included in the CSO Survey on Income and Living Conditions (SILC), measures income equality across the entire income distribution.
It is the ratio of the area between the line of perfect equality and the observed Lorenz curve to the area between the line of perfect equality and the line of perfect inequality.
A Gini coefficient value of zero denotes perfect equality, (income is distributed equally among all households), while a value of 1 indicates perfect inequality (with all the income held by one household). See the Lorenz Curve in Figure 5.2.
X-axis label | Perfect Equality | Cumulative equivalised disposable income | Cumulative equivalised Direct income before Social transfers, Occupational and Private Pensions |
---|---|---|---|
0 | 0 | 0 | 0 |
1 | 1 | 0 | 0 |
2 | 2 | 1 | 0 |
3 | 3 | 1 | 0 |
4 | 4 | 1 | 0 |
5 | 5 | 2 | 0 |
6 | 6 | 2 | 0 |
7 | 7 | 3 | 0 |
8 | 8 | 3 | 0 |
9 | 9 | 4 | 0 |
10 | 10 | 4 | 0 |
11 | 11 | 5 | 0 |
12 | 12 | 5 | 0 |
13 | 13 | 6 | 0 |
14 | 14 | 6 | 0 |
15 | 15 | 7 | 0 |
16 | 16 | 7 | 0 |
17 | 17 | 8 | 0 |
18 | 18 | 8 | 0 |
19 | 19 | 9 | 0 |
20 | 20 | 10 | 0 |
21 | 21 | 10 | 1 |
22 | 22 | 11 | 1 |
23 | 23 | 11 | 1 |
24 | 24 | 12 | 1 |
25 | 25 | 13 | 2 |
26 | 26 | 13 | 2 |
27 | 27 | 14 | 2 |
28 | 28 | 14 | 3 |
29 | 29 | 15 | 3 |
30 | 30 | 16 | 3 |
31 | 31 | 16 | 4 |
32 | 32 | 17 | 4 |
33 | 33 | 18 | 5 |
34 | 34 | 19 | 5 |
35 | 35 | 19 | 6 |
36 | 36 | 20 | 7 |
37 | 37 | 21 | 7 |
38 | 38 | 21 | 8 |
39 | 39 | 22 | 8 |
40 | 40 | 23 | 9 |
41 | 41 | 24 | 10 |
42 | 42 | 24 | 10 |
43 | 43 | 25 | 11 |
44 | 44 | 26 | 12 |
45 | 45 | 27 | 13 |
46 | 46 | 28 | 13 |
47 | 47 | 28 | 14 |
48 | 48 | 29 | 15 |
49 | 49 | 30 | 16 |
50 | 50 | 31 | 17 |
51 | 51 | 32 | 18 |
52 | 52 | 33 | 19 |
53 | 53 | 34 | 20 |
54 | 54 | 34 | 21 |
55 | 55 | 35 | 22 |
56 | 56 | 36 | 23 |
57 | 57 | 37 | 24 |
58 | 58 | 38 | 25 |
59 | 59 | 39 | 26 |
60 | 60 | 40 | 27 |
61 | 61 | 41 | 28 |
62 | 62 | 42 | 29 |
63 | 63 | 43 | 30 |
64 | 64 | 44 | 32 |
65 | 65 | 45 | 33 |
66 | 66 | 46 | 34 |
67 | 67 | 47 | 35 |
68 | 68 | 48 | 36 |
69 | 69 | 49 | 37 |
70 | 70 | 51 | 39 |
71 | 71 | 52 | 40 |
72 | 72 | 53 | 42 |
73 | 73 | 54 | 43 |
74 | 74 | 55 | 44 |
75 | 75 | 56 | 46 |
76 | 76 | 58 | 47 |
77 | 77 | 59 | 49 |
78 | 78 | 60 | 50 |
79 | 79 | 61 | 52 |
80 | 80 | 63 | 53 |
81 | 81 | 64 | 55 |
82 | 82 | 65 | 57 |
83 | 83 | 67 | 58 |
84 | 84 | 68 | 60 |
85 | 85 | 69 | 62 |
86 | 86 | 71 | 64 |
87 | 87 | 72 | 66 |
88 | 88 | 74 | 67 |
89 | 89 | 76 | 69 |
90 | 90 | 77 | 71 |
91 | 91 | 79 | 73 |
92 | 92 | 80 | 76 |
93 | 93 | 82 | 78 |
94 | 94 | 84 | 80 |
95 | 95 | 86 | 83 |
96 | 96 | 88 | 86 |
97 | 97 | 90 | 88 |
98 | 98 | 93 | 92 |
99 | 99 | 97 | 96 |
100 | 100 | 100 | 100 |
The quintile share ratio is the ratio of the total equivalised disposable income received by the 20% of persons with the highest income (fifth quintile) to that received by the 20% of persons with the lowest income (first quintile). In 2019 the quintile share ratio stood at 4.1, indicating that the total income of the richest 20% was over four times that of the poorest 20%. The corresponding value for 2018 was 4.4, the change is not statistically significant. See Table 5.3.
In 2019 the Gini coefficient was 28.8% compared with 29.7% in 2018. This decrease is not statistically significant. The general downward trend since 2014 indicates a decrease in income inequality across the total income distribution. Both the quintile share ratio and the Gini coefficient show a statistically significant decrease in income inequality between 2017 and 2019. See Table 5.3.
The Survey on Income and Living Conditions SILC publishes annual data on poverty and deprivation.
In 2019, the ‘at risk of poverty’ rate was 12.8% compared with 14.0% in 2018. While the change between 2018 and 2019 is not statistically significant, there is a statistically significant change in the at risk of poverty rate between 2017 (15.7%) and 2019. See Table 5.4 and Figure 5.3.
An individual is defined as being at risk of poverty if their nominal equivalised disposable income is under the at risk of poverty threshold, i.e. 60% of the median nominal equivalised disposable income. See At Risk of Poverty Indicators Explained in background notes.
X-axis label | At Risk of Poverty | Deprivation | Consistent Poverty | Deprivation rate for those at risk of poverty |
---|---|---|---|---|
2004 | 19.4 | 14.1 | 6.6 | 33.8 |
2005 | 18.3 | 14.8 | 7 | 38 |
2006 | 17 | 14 | 6.6 | 38.6 |
2007 | 16.5 | 11.8 | 5.1 | 31.1 |
2008 | 14.4 | 13.7 | 4.2 | 29.1 |
2009 | 14.1 | 17.1 | 5.5 | 38.8 |
2010 | 14.7 | 22.6 | 6.3 | 42.9 |
2011 | 16 | 24.5 | 6.9 | 43.2 |
2012 | 16.9 | 27 | 8.2 | 48.8 |
2013 | 16.2 | 30.5 | 9 | 55.3 |
2014 | 16.7 | 28.9 | 8.3 | 49.7 |
2015 | 16.3 | 25.4 | 8.5 | 51.9 |
2016 | 16.2 | 21 | 8.2 | 50.4 |
2017 | 15.7 | 18.8 | 6.7 | 42.8 |
2018 | 14 | 15.1 | 5.6 | 40.3 |
2019 | 12.8 | 17.8 | 5.5 | 42.7 |
An analysis by socio-demographic characteristics showed that those most at risk of poverty in 2019 were those individuals who were not at work due to illness or disability (37.5%) and individuals who were unemployed (35.4%). This compares with an at risk of poverty rate of 4.6% for those that described their principal economic status as ‘at work’. See Figure 5.4.
X-axis label | At Risk of Poverty | Deprivation | Consistent Poverty |
---|---|---|---|
At work | 4.6 | 11.4 | 1.3 |
Unemployed | 35.4 | 36 | 20.2 |
Student | 19.4 | 17.3 | 5.4 |
Home duties | 22.8 | 24.2 | 9.9 |
Retired | 11.1 | 9.4 | 2.1 |
Not at work due to permanent illness or disability | 37.5 | 43.3 | 18.1 |
The at risk of poverty rate for individuals in households with one adult and one or more children aged under 18 was 29.7%, compared with 6.1% for persons in households composed of two adults, where at least one is aged 65 or over and there are no children under 18.
At risk of poverty rate anchored at a moment in time
For a given year, the “at risk of poverty rate anchored at a moment in time” is the share of the population whose income in a given year is below the at risk of poverty threshold calculated in the standard way for a previous base year and then adjusted for inflation. The purpose of this indicator is to get some indication of the changes in ‘absolute poverty’ over time. The deflator is derived from the monthly CPI and takes into account the rolling nature of the income data collected by SILC.
In 2019, the at risk of poverty rate anchored at 2004 was 4.7%, compared with 19.4% in 2004. See Figure 5.5.
X-axis label | At Risk of Poverty Anchored at 2004 | At Risk of Poverty |
---|---|---|
2004 | 19.4 | 19.4 |
2005 | 17.9 | 18.3 |
2006 | 15.7 | 17 |
2007 | 11.5 | 16.5 |
2008 | 10.3 | 14.4 |
2009 | 10.9 | 14.1 |
2010 | 13.2 | 14.7 |
2011 | 16.1 | 16 |
2012 | 18.3 | 16.9 |
2013 | 18.2 | 16.2 |
2014 | 17.7 | 16.7 |
2015 | 14.5 | 16.3 |
2016 | 12.9 | 16.2 |
2017 | 11.1 | 15.7 |
2018 | 6.6 | 14 |
2019 | 4.7 | 12.8 |
The at risk of poverty rate would have been 41.4% in 2019, if all social transfers and pension income were excluded, very similar to the 2018 rate of 40.9%. Since 2004, the at risk of poverty rate excluding social transfers was lowest in 2004 at 39.8% and peaked in 2011 at 50.7%. The drop in the at risk of poverty rate, excluding social transfers, between 2011 and 2019 illustrates a decreasing dependence by people on social transfers to remain above the at risk of poverty threshold. See Table 5.5 and Figure 5.6.
X-axis label | Including all Social Transfers (60% median income threshold) | Including Old-Age and Survivors' Benefits but Excluding all Other Social Transfers | Excluding all Social Transfers |
---|---|---|---|
2010 | 14.7 | 39.1 | 50.2 |
2011 | 16 | 39.8 | 50.7 |
2012 | 16.9 | 39.1 | 50.2 |
2013 | 16.2 | 38.1 | 49.5 |
2014 | 16.7 | 37.1 | 49 |
2015 | 16.3 | 34.7 | 46.2 |
2016 | 16.2 | 33.4 | 44.9 |
2017 | 15.7 | 32.3 | 43.8 |
2018 | 14 | 30.2 | 40.9 |
2019 | 12.8 | 30.6 | 41.4 |
Up until 2019 the CSO published deprivation results as part of annual SILC publication. In 2020 these results were published in a separate earlier release. See further information on SILC: Enforced Deprivation 2019 in the background notes.
In 2019, 17.8% of the population were defined as living in enforced deprivation, i.e. they experienced two or more of the eleven types of deprivation. This compares with 15.1% in 2018 and a high of 30.5% in 2013. The decrease in the enforced deprivation rate between 2018 and 2019 was statistically significant.
The deprivation rate for those at risk of poverty was 42.7% in 2019 compared with a high of 55.3% in 2013. The deprivation rate for those not at risk of poverty was 14.2% in 2019, compared with a high of 25.8% in 2013. See Table 5.5 and SILC 2019 release.
SDG 10.5.1 Financial soundness indicators is available from the IMF on the UN SDG Global Database.
The target for this indicator is Target 10.5 which is to:
'Improve the regulation and monitoring of global financial markets and institutions and strengthen the implementation of such regulation'.
The definition in the UN metadata repository for SDG 10.5.1 is as follows:
Seven Financial Soundness Indicators (FSI) are included as SDG indicators for 10.5.1 and expressed as percent.
1. Regulatory Tier 1 capital to assets: This is the ratio of the core capital (Tier 1) to total (balance sheet) assets.
2. Regulatory Tier 1 capital to risk-weighted assets: It is calculated using total regulatory Tier 1 capital as the numerator and risk-weighted assets as the denominator. The data for this FSI are compiled in accordance with the guidelines of either Basel I, Basel II, or Basel III.
3. Non performing loans net of provisions to capital: This indicator is calculated by taking the value of nonperforming loans (NPLs) less the value of specific loan loss provisions as the numerator and capital as the denominator. Capital is measured as total regulatory capital.
4. Non performing loans to total gross loans: This indicator is calculated by using the value of NPLs as the numerator and the total value of the loan portfolio (including NPLs, and before the deduction of specific loan- loss provisions) as the denominator.
5. Return on assets: This indicator is calculated by dividing annualized net income before extraordinary items and taxes (as recommended in the FSI Guide) by the average value of total assets (financial and nonfinancial) over the same period.
6. Liquid assets to short-term liabilities: This indicator is calculated by using the core measure of liquid assets as the numerator and short-term liabilities as the denominator. The ratio can also be calculated by taking the broad measure of liquid assets as the numerator. For jurisdictions that have implemented Basel III, this indicator could be supplemented with the liquidity coverage ratio.
7. Net open position in foreign exchange to capital: The net open position in foreign exchange should be calculated based on the recommendation of the Basel Committee for Banking Supervision (BCBS). Capital should be total regulatory capital as net open position in foreign exchange is a supervisory concept.
Data for Ireland is available from the IMF (International Monetary Fund).
Non-performing loans as a percentage of total gross loans fell from 11.46% in 2017 to 3.36% in 2019. The return on assets fell from 0.85 in 2017 to 0.70 in 2019. The ratio of regulatory capital to assets fell slightly from 14.35 in 2017 to 13.47 in 2019. See Table 5.6.
SDG 10.6.1 Proportion of members and voting rights of developing countries in International Organizations is published on the UN SDG Global Database.
The target for this indicator is Target 10.6 which is to:
'Ensure enhanced representation and voice for developing countries in decision-making in global international economic and financial institutions in order to deliver more effective, credible, accountable and legitimate institutions'.
According to the UN metadata repository the definition for SDG 10.6.1 is:
The proportion of members and voting rights of developing countries in international organizations has two components, the developing country proportion of voting rights and the developing country proportion of membership in international organisations. In some institutions these two components are identical.
Ireland's proportion of members in International Organisations and of Voting Rights in International Organisations is shown in Table 5.7.
Ireland's seat on the UN Security Council (UNSC) is reflected in Table 5.7. Details were published on 1 January 2021, in the Department of Foreign Affairs Press Release:
"Ireland takes up its seat on the Security Council on 1 January 2021, for a two-year term (2021-2022). It joins newly elected members Kenya, India, Mexico and Norway alongside existing elected members Estonia, Saint Vincent and the Grenadines, Niger, Tunisia and Vietnam. The Permanent Five members of the Security Council are: China, France, Russian Federation, United Kingdom and the United States".
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