6.4 Economic benefits for Fingal

opendate_range3 Sep, 2019, 9:00am - 15 Oct, 2019, 5:00pm

Analysis of the economic impacts associated with Dublin Airport is contained in the Dublin Airport Economic Impact Study 2016 undertaken for daa in April 2017 and updated in June 2019.

The key findings are that direct employment supported by ongoing operations at Dublin Airport amounts to 21,500 jobs - adjusting for part-time and seasonal employment, this totals 19,200 Full-Time Equivalent jobs (FTEs). The total direct GVA generated by Dublin Airport is estimated to be over €1.7 billion.

Adding in multiplier impacts (indirect and induced), the total employment supported by activities at Dublin Airport is estimated to be 49,000 jobs (or 43,600 FTEs), earning a total of €1.9 billion.

The catalytic impacts of Dublin Airport (tourism, transport of high value exports, the ability of Irish and multinational businesses to travel to clients and global headquarters etc) were estimated to total 80,700 jobs (71,300 FTEs) and €6.0 billion in GVA in 2018.

The total economic impact of Dublin Airport therefore amounts to 129,700 jobs in Ireland, equivalent to 114,900 full-time jobs, earning a total €9.8 billion in GVA contributions to the national economy, representing 3.1% of total GDP.

The report identifies 89% of the direct jobs being generated in Fingal. Taking into account the wider overall effect, 26% of total employment, approximately 30,000 jobs, are generated in Fingal from the Airport. Taking the ‘catalytic’ effect into account, such as proximity to the Airport, ability to travel, provision of headquartered companies, tourism, Fingal benefits to the value of €2.744 billion per annum. More than any other business or economic driver, Dublin Airport and its ongoing growth generates significant benefit for the County of Fingal, allowing for a diverse local economy to flourish.

In addition, tourism generation within Fingal results in 20,000 jobs. The Fingal Tourism Sector is heavily dependent on stay over visits, which are largely concentrated around the Airport (Fingal Tourism Strategy 2015 – 2018). Ongoing growth of tourism numbers to the state via Dublin Airport is expected to increase and has consequential economic benefits for Fingal. This is reflected in the Fingal County Council Local, Economic and Community Plan and the Tourism Statement of Strategy and Work Programme 2017 – 2022.Supporting objectives for the development of the Airport are reflected in Section 6.7 of the Fingal Development Plan 2017 – 2023 which clearly sets out the importance of the Airport for the Fingal economy and the need to facilitate sustainable growth to capitalise on the benefits for the County and wider region.

Table 6.0 - Economic Contribution of Dublin Airport
TOTAL ECONOMIC IMPACT GENERATED & FACILITATED BY DUBLIN AIRPORT (2018)

 IMPACT

NUMBER OF JOBS

FULL TIME EQUIVALENTS (FTES)

WAGES € MILLIONS

GVA € MILLIONS

GVA AS % OF NATIONAL GDP

Direct

21,500

19,200

€879

€1,777

0.6%

Indirect

12,500

11,100

€516

€985

0.3%

Induced

15,000

13,300

€521

€1,045

0.3%

Cataltic

80,700

71,300

€3,057

€5,994

1.9%

TOTAL

129,700

114,900

€4,973

€9,801

3.1%

Updated figures based on 2018 traffic levels. All finicial figures are in 2018 prices. Numbers may not add up due to rounding.

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