The Central Statistics Office (CSO) has been released Business in Ireland 2022 – Summary Results.
In 2022, the Construction sector in Ireland presented an intriguing dynamic within the Structural Business Economy. While it accounted for the largest number of active enterprises, totaling 77,676, which represented 20% of all enterprises, its economic output was relatively modest. Specifically, Construction enterprises generated less than 4% of the total turnover and contributed almost 3% of the total Gross Value Added (GVA).
Despite its substantial share of businesses, the Construction sector was only the fifth-largest in terms of employment, with a total of 198,109 persons employed, making up 9% of the workforce. This contrast highlights the unique nature of the sector: while it includes a large number of small enterprises, its overall contribution to the economy, in terms of turnover and value added, is smaller compared to other sectors. This underscores the importance of the Construction industry in terms of enterprise activity and employment, even though it operates on a relatively smaller scale economically compared to sectors with higher value output.
