Economic Value of Ireland's Historic Environment - The Heritage ...

In terms of national income, this translates into an economic impact of approximately €650 (645)
million towards Ireland's GVA.
4.5 Total Economic Impact: Historic Environment
The aggregate economic 'impact' of Ireland's historic environment, corresponding to the sum of each of
the three major analytical components, is presented in Table 4.6, below.
Table 4.6 Total Economic Impact – Historic Environment Sector
Direct
Indirect/
induced
Total
Output (€m) 1,555 1,110 2665
Employment (FTE) 23,971 12,976 36,947
GVA (€m) 855.3 605 1,460
Source: Ecorys analysis, incorporating Irish Input-Output tables
In summary:
Including indirect and induced effects, it is estimated that the historic environment supports
approximately 37,000 FTE employees in Ireland.
The historic environment sector is estimated to contribute in the order of €1.5 billion to Ireland's
national GVA.
4.6 Strategic Summary: Economic Impact of Ireland's Historic Environment
The historic environment is a highly significant contributor to Ireland's national economy, directly
supporting approximately 24,000 FTE jobs.
Including indirect and induced effects, it is estimated that the historic environment sector supports
37,000 FTE employment positions in Ireland.
In terms of contribution to national income, Ireland's historic environment is estimated to account for
some €1.5 billion to the nation's GVA.
The greater share of economic impacts relate to tourism (attraction of visitor expenditure) and
construction (built heritage) sector effects – each in the order of €700 million to GVA and equivalent
to some 17,000 jobs.
Notably, a significant proportion of this overall impact is rooted in expenditure and/ or grants activity
by the 'inner wheel' of core historic environment organisations, including the Heritage Council,
DEHLG, Fáilte Ireland and others, with such activities providing a powerful stimulus to wider
economic activity across the Irish economy.
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