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(Written by Professor Ciaran Murphy (Business Information Systems, UCC)
edited for Career Moves by Calvin Jones
Per head of population Ireland has the unique distinction of being the biggest exporter of services in the world today by quite a margin. That may sound like an extraordinary fact, but it’s exactly what Forfas, Ireland’s national policy advisory body for enterprise and science, says in its report "Catching the Wave – A Services Strategy for Ireland", and is a testament to the efforts of Enterprise Ireland and the IDA in attracting investment in to the sector.
The services sector spans a gamut of service-based industries that include Financial Services; Computer Services and Software; Healthcare Services; Education Services; Tourism; Creative and design services; Maritime Services; Transport; Bloodstock & agriculture; Engineering, Environmental & Architectural Services; Business Services; Professional & Consulting Services; and Research & Development Services. Together these industries contribute a massive 63% of added value to the national economy.
In the decade between 1997 and 2007, the gross value added in the Irish economy almost trebled from €60 billion to €170 billion. Two thirds of that growth was attributed to the services sector, where the value added figure rose from €34 billion to €108 billion.
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