Contribution of Irish financial sector to GDP ‘overstated’


The contribution of the Irish financial sector to the country's real economy may be overstated, particularly since the onset of the financial crisis, according to a working paper published yesterday by the Central Bank of Ireland.

The paper – Measuring the Value Added of the Financial Sector in Ireland, by Mary Everett, Joe McNeill and Gillian Phelan – queries data that puts the financial sector's 'value added' at €15 billion ($19.4 billion) in 2011, despite receiving government support of €63.1

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: