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An Economic and Spatial Plan for Limerick Appendices

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<strong>Limerick</strong> 2030 <strong>An</strong> <strong>Economic</strong> <strong>and</strong> <strong>Spatial</strong> <strong>Plan</strong> <strong>for</strong> <strong>Limerick</strong><br />

2010 <strong>Limerick</strong> has missed out on any FDI inflows, which seem to have favoured Dublin, Cork <strong>and</strong><br />

Galway.<br />

In the first quarter of 2012 the IDA attracted 3,097 jobs to Irel<strong>and</strong>, of which only 32 (1.03%) were<br />

located in <strong>Limerick</strong>. This compares to 2,150 jobs to the Dublin/Dundalk area, which is almost 70% of all<br />

FDI employment attracted to Irel<strong>and</strong> in this period.<br />

Figure 3 IDA Job Change 2007 - 2011<br />

Source: http://www.rte.ie/news/2012/0130/ida.pdf<br />

GVA <strong>and</strong> Income<br />

<strong>Limerick</strong> (City <strong>and</strong> County combined) is widely recognised as one of the more deprived areas of<br />

Irel<strong>and</strong> <strong>and</strong> in recent years this has been compounded by significant job losses. Both the Mid-West<br />

Region <strong>and</strong> <strong>Limerick</strong> continue to struggle with relatively high levels of unemployment, in particular<br />

long-term unemployment <strong>and</strong> unemployment amongst those under the age of 25.<br />

GVA data <strong>for</strong> 2010 show that the Mid-West is underper<strong>for</strong>ming the State as a whole by around €4,239<br />

per head per year. Given the population of the Mid-West, the region lost Gross Value Added (GVA)<br />

totals €1.53 million annually. Looking at sectoral GVA across the Mid-West <strong>and</strong> the State it is clear<br />

that the Mid-West economy leans more towards primary industries of agriculture, <strong>for</strong>estry <strong>and</strong> fishing<br />

rather than services (market <strong>and</strong> non-market).<br />

Table 14: GVA per Person <strong>and</strong> by Sector <strong>for</strong> Mid-West <strong>and</strong> State – 2010<br />

Mid-West State<br />

Mid-West as % of<br />

State<br />

Gross Value Added (GVA) per person at Basic Prices (Euro) 26,678 30,917 86%<br />

GVA at Basic Prices - Agriculture, Forestry<strong>and</strong> Fishing (Euro Million) 249 2,067 12%<br />

GVA at Basic Prices - Manufacturing, Building<br />

<strong>and</strong> Construction (Euro Million) 3,229 37,226 8.7%<br />

GVA at Basic Prices, - Market <strong>and</strong> Non Market Services (Euro Million) 6,651 102,258 6.5%<br />

Total GVA (Euro Million) 10,087 140,970 -<br />

Source: Irel<strong>and</strong> Central Statistics Office – Gross Value Added by Region<br />

June 2013 30

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