Ireland 'could gain €27bn' from digital single market
Published 05/07/2016 | 08:51
Irish GDP could gain €27bn from the planned EU digital single market if this country preserves its status as one of Europe's "digital frontrunners", according to a Boston Consulting Group (BCG) report.
The Google-commissioned report adds that 140,000-190,000 jobs could be created here in the period.
"Ireland’s e-GDP as a share of total GDP is the highest of comparable countries at over 12pc (excluding multinational corporations). This has been driven by a long term articulated focus on offering ICT businesses an attractive climate and by providing a motivated and skilled labour force. Ireland, with a high share of well developed digital businesses, has more to gain from digitization compared to its peers," BCG's Niclas Collandier said.
"The potential prize to Ireland is great - by increasing the impact of digital in the economy further, combining the effect of increased trade in an EU Digital Single Market (DSM) with the yet untapped potential of emerging digital technology, Ireland could increase annual GDP growth by almost 50pc until 2020, representing a value in excess of €27bn," he added.
The digital single market programme is designed to harmonise regulations across the EU and make buying goods and services online easier.