TRACKING DUBLIN’S PERFORMANCE

The Dublin City Region plays a pivitol role in the economy of Ireland. The Dublin Economic Monitor tracks the capital’s performance quarterly to provide insightful data.

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May 2020

Covid-19 shuts down Dublin’s economy and accelerates digitalisation. Latest economic data on the capital.

February 2020

In this new decade discover how Dublin’s economy is performing and the key challenges for the years ahead.

November 2019

With 2020 around the corner, take a look at what Brexit and the tumultuous international economy means for Dublin’s growth.

  • “Mirroring international patterns, spending on essentials at the end of Q1 contrasted sharply with declines in discretionary expenditure. Stockpiling Necessities and Household Goods ahead of COVID-19 restrictions helped offset the largest YoY contraction in Entertainment expenditure since 2014. Meanwhile, online sales have gained momentum, a trend that looks set to continue.”

    Michael McNamara, Global Head of SpendingPulse, Mastercard

  • “Q1 2020 marked the end of nearly eight years of uninterrupted growth in the Dublin economy. In that period, unemployment in the city fell from a peak of 13.7% in 2012 to a trough of 4.5% in Q4 2019 as the local economy boomed. The COVID-19 crisis has reversed much of this progress in a matter of weeks. As we emerge from the crisis, the Dublin Economic Monitor will be a vital resource to track these changes and the city’s progress.”

    David McNamara, Director with EY-DKM Economic Advisory

  • “The COVID-19 pandemic pushed Dublin economic output into contraction in March, resulting in a stagnation across the first quarter as a whole after growth had been recorded in the first two months of the year. This in itself was the worst performance for over seven years.”

    Andrew Harker, Economics Director at IHS Markit

HIGHLIGHTS

DUBLIN’S UNEMPLOYMENT

rose marginally to 4.6% in Q1 with a sharp COVID-19 related increase.

COVID-19 SAW BUSINESS ACTIVITY

in Dublin grind to a halt in Q1 2020 with the Markit PMI index indicating contraction for the first time.

PUBLIC TRANSPORT

trips in Dublin reached 57.3 million in Q1 2020, a 4.7% YoY decrease as movement restrictions were implemented.

THROUGHPUT AT DUBLIN PORT

fell for the fourth consecutive quarter in Q1 2020, bringing the YoY decline to -4.7%.

DUBLIN’S HOTEL OCCUPANCY RATE

fell dramatically to 33% in April 2020 (a decline of 57% YoY) as a direct result of COVID-19 related restrictions on travel and movement.

PASSENGER NUMBERS

through Dublin Airport in Q4 2019 stood at 8.1 million, down -1.3% on the previous quarter.

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