The Institute of Physics has recently conducted a study of the impact of physics in the Irish economy, looking at significant areas such as jobs and exports.
Some key findings from the report include:
Employment : employment in the physics-based industries (PBI) topped 160,000 in 2014 and amounted to a 8.6% share of total Ireland employment.
Exports : €37 billion of physics-based goods and services were exported from Ireland in 2013. GVA : €23 billion GVA contribution in 2014. Ireland PBIs’ GVA-to-turnover ratio was 80% larger than in Northern Ireland and 72% larger than in Scotland.
Productivity : Throughout the period under consideration, a person in employment in the physics-based industries contributed an average of €138,273 per annum in value added. This is markedly above both the retail and construction sectors’ average labour productivity levels, which averaged €28,610 and €47,146 respectively.
Such findings highlight the impact of physics across many sectors of the economy and the importance of having highly trained physicists to support these industries.
The report will be launched by Minister John Halligan and IOP President, Roy Sambles.
You are cordially invited to the event which coincides with the BT Young Scientist Exhibition at:
Thursday 12th January 2016, 5pm