Economic Profile of Dublin

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Demographics

  • Dublin City and County has a population of 1,347,359 (2018).
  • 1,904,806 people live in the Greater Dublin Area, a region comprising Dublin and the counties of Meath, Kildare and Wicklow. This figure is set to grow to 2.2 million by 2031.
  • 44% of Ireland’s urban population lives in Dublin.
  • The Greater Dublin Area accounts for 40% of the population of the State.
  • Dublin is home to nearly 200,000 non-Irish nationals, more than live in any other part of the country.
  • There are 479,683 private households in Dublin with 34.8% being semi-detached houses.
  • Dublin residential property prices rose by 0.6% in the year to May 2019, with house prices up 0.4% and apartments rising by 0.8%. Residential property prices have risen 93.4% from their February 2012 low.
  • Dublin saw Ireland’s highest number of new dwelling completions in Q2 2019 at 1,546; followed closely by the Mid-East with 1,233. Together, 56% of all new dwelling completions in Q2 2019 were in Dublin or the Mid-East.

economic activity, taxation & Employment

  • Economic activity in the Greater Dublin Area accounts for over 50% of Ireland’s GDP according to the most recent available data (2017).
  • Dublin represents 40.1% (€109,610m) of the State’s total GVA.
  • The Greater Dublin Area generates 58% of Ireland’s personal income tax revenue, while Dublin alone generates 51%.
  • The Greater Dublin Area generates 67% of Ireland’s corporate tax revenue, while Dublin alone generates 63%.
  • Irish Average Disposable Income per person is highest in Dublin. At €24,431 it is 18.4% higher than the state average of €20,638.
  • As of Q1 2019, 706,000 are currently employed in Dublin.
  • Dublin has 31.7% of the country’s working population.
  • 62% of those employed in Ireland’s financial, ICT, communication and professional services sectors are located in the Greater Dublin Area.

Foreign Direct Investment (FDI)

  • Dublin is home to:
  1. The top 5 global software companies;
  2. 9 of the world’s top 10 pharmaceutical companies.
  3. Half of the world’s top 50 banks;
  4. 250 global financial institutions;
  5. 12 of the world’s top 20 insurance companies;
  6. 18 of the world’s top 25 med tech companies;
  7. The top 4 global aviation leasers.
  • Dublin was ranked as Europe’s 2nd most attractive city for FDI by the Financial Times in 2018, ranking 2nd in Europe for business-friendliness and 2nd for economic potential.
  • The Dublin Region was also named as the fDi Northern European Region of the Future, top small European Region overall, top small region for Economic Potential and Business friendliness.
  • Five of the top 10 companies on Forbes’ list of The World’s Most Innovative Companies have Dublin operations.

Tourism & Transport

  • Dublin attracted over 5.9 million overseas visitors in 2017.
  • Dublin had the highest hotel occupancy rate among European cities in 2018 (83.8%).
  • Three of the top five most popular tourist attractions in Ireland are in Dublin. The Guinness Storehouse topped the list with 1.7m visitors; in third place  was Dublin Zoo with 1.3m visitors; and the Book of Kells attracted just over 1m visitors.
  • Dublin Airport traffic is up 6% so far in 2019, with over 19 million passengers travelling through the airport in the seven months to the end of July. Almost 3.5 million passengers travelled through Dublin Airport in July 2019, making it the busiest month in the airport's 79-year history.
  • On average 500,000 people travel within Dublin City Centre every day. This is made up of circa 235,000 work-related trips, 45,000 education trips, and 120,000 visitors, tourists, and shoppers.
  • 143 million passenger journeys were made with DublinBus in 2018, a rise of more than seven million and the fifth consecutive year of growth.
  • 42 million passenger journeys were made using the Luas in 2018, marking an 11% increase on 2017.
  • Dublin Port welcomed 1.8 million ferry passengers and over 500,000 tourist vehicles in 2017. It will welcome 172 cruise ships in 2019, bringing over 200,000 passengers and adding in the region of €35 million to the local economy.
  • Dublin Port accounted for 59.3% of all vessel arrivals in Irish ports and 47.8% of the total tonnage of goods handled in 2018.

Education & Talent

  • Dublin has 126,817 students aged 15 and over.
  • Over a third of Dublin’s population has a higher level of education.
  • A quarter of Dublin’s population have a third level degree or professional qualification.
  • Dublin is home to 44% of people holding a PhD in Ireland. 75% of people in Ireland holding a PhD reside in urban areas.
  • Dublin is home to four universities, three institutes of technology, three national educational institutions, ten associated colleges and colleges of education, and at least a dozen private and independent colleges.