Tuesday 23 October 2018

Less than 4pc of Irish people are employed in this sector - as competition for Brexit jobs continues

(stock image)
(stock image)
Ellie Donnelly

Ellie Donnelly

Less than 4pc of Irish people were employed in financial and insurance activities in 2016, according to the latest data from Eurostat.

In comparison, just over one in ten people in Luxembourg - a competitor of Ireland's for Brexit jobs - were employed in financial and insurance activities last year.

However, taken with professional, scientific and technical activities, administrative and support services, which would incorporate some financial type jobs, and the total number employed in Ireland in these areas was 14pc last year.

Wholesale and retail trade, transport, accommodation and food services was the economic activity providing the most employment in 2016 for Irish people, employing almost one in three workers here.

Similar trends can be found in other European countries, with the sector employing one in three people in Greece, approximately 32pc of people in Cyprus, and 30pc of people in Spain.

Public administration, defence, education, human health and social work activities also provided much of the employment in Ireland last year, with one in four Irish people working in this sector.

The employment figures in this sector are similar across Europe, with the sector coming out on top for employment in Sweden, Denmark, Belgium, and France.

Meanwhile industry was the main employer in the Czech Republic and Poland last year, while agricultural activity was still the largest employer in Romania in 2016, accounting for one in four jobs in the Eastern European country.

The share of employment observed for agriculture, forestry and fishing has decreased in all member states of the EU between 1996 and 2016, with the largest fall being recorded in Romania, where employment in the sector fell from 41pc to 24pc.

In 2016 in Ireland just 5.5pc of people were employed in the agriculture, forestry and fishing sector.

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