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Southern region of Ireland is highlighted for its technological capabilities in the JRC report on Economic Complexity

Ireland GDP per capita is expected to grow in line with the EU27 trend, with a median Compound Annual Growth Rate (CAGR) of 0.89% for 2018-2023, according to the recent JRC’s Economic Complexity analysis. At sectoral level, the diversification pattern is not expected to change significantly, with a forecast that is significantly behind the comparators in all high-complexity manufacturing sectors.

EU JRC 2021

date:  12/08/2021

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The JRC’s report examines the Computer & Electronics sector by looking at the technological capabilities behind possible export markets in which Ireland is not active today, but could be active in the future.

The analysis of technological capabilities at regional level identifies the regions best suited to enter each of these markets. As an example, the Southern region of Ireland is highlighted as the best suited region for the sectors of Semiconductor (as opposed to light sensitive) devices.

The JRC Economic Complexity analysis shifts the focus of economic analysis from aggregate quantities - i.e. ‘how much’ a country makes (what is the GDP of the country?) - to their underlying components - i.e. ‘what’ a country makes (in which industrial sectors does the country specialise?). This includes forecasts of countries’ economic performances, a breakdown into industrial sectors, and an analysis of innovation capabilities down to the regional level, with a product-by-product resolution.