Ireland Dublin Airport contributes almost €10 billion to Ireland's economy, new report finds

22:50  22 january  2020
22:50  22 january  2020 Source:   dublinlive.ie

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Dublin Airport supports or facilitates almost 130,000 jobs and contributes almost €10 billion to Ireland's economy according to a new study.

The study, which was undertaken by economic consultants InterVISTAS, measures the transport hub's overall economic impact.

It found that Dublin Airport contributes a total of €9.8 billion in Gross Value Added - equivalent to over 3% of the national economy.

The report also reveals that the 57% growth in Dublin Airport’s passenger numbers between 2013 and 2018 contributed to the creation of an additional 12,400 jobs.

Managing Director, Vincent Harrison, said the airport plays such a vital role in the economy as it is the country's main gateway to the world.

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He said: "The connectivity that it provides underpins Irish tourism and trade, and also helps enable continued investments in foreign direct investment (FDI) in the Irish economy.

"One of the airport’s key goals is to grow route choice and frequency for the benefit of the Irish economy."

A total of 129,700 jobs are generated and facilitated by the airport, including around 21,500 jobs that are directly related to the airport operation in areas such as airport security, airline operations, ground handling firms, immigration, customs and air traffic control.

Dublin Airport’s connectivity increased by 59% in the five years to the end of 2018, making it the second-fastest growing major airport in Europe in terms of connectivity.

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Moscow’s Sheremetyevo Airport saw the largest increase in connectivity during the period, while Dublin’s expansion was greater than other airports such as Helsinki, Amsterdam Schiphol, Lisbon and Barcelona.

“Connectivity is hugely important for Ireland, as it is one of the world’s most open economies,” said Mr Harrison.

"Exports, foreign direct investment and tourism all play a major role in the Irish economy and research has shown that the value of exports with well-connected countries is typically five to six times more than that between countries that are poorly connected.”


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