The digital economy represents a significant portion of the Irish economy, driven by a sizeable ICT sector growth led by foreign-owned enterprises.
- The country’s digital economy accounted for 13% of its GDP in 2021, closely following leading digital economies in Central and Eastern Europe like Estonia, Latvia, and Lithuania with about 18% of GDP in 2021. || Source: Statista
- Between 2014 and 2021, the ICT sector’s gross value added (GVA) increased by €55.6 billion, of which 85% stemmed from profits generated by foreign-owned multinational enterprises (MNEs). || Source: Central Bank of Ireland
- To further propel the growth of its digital economy, Ireland has committed €5.6 billion (about 1.1% of GDP) to major digital transformation initiatives, aligned with the EU’s 2030 digital objectives. || Source: EU Digital Strategy
