Country Idealist Profiles

Ireland – The Economic Value of the Community & Voluntary Sector

Posted in Economic Value of the C&V Sector, Ireland, Ireland - The Third Sector by hynesbrid on August 25, 2008

The precise monetary value of The Community and Voluntary Sector (C&V) to the Irish economy is difficult to gauge.  However some assessment of its economic value can be established through the total value of all the spending by the sector: on wages, services, facilities etc.
 
Todate the lack of data on the sector has limited the number of investigations of its economic value.  The most commonly cited source detailing the sectors economic size is a report produced in 1999 by Donoghue et al entitled ´Uncovering the Non Profit  Sector in Ireland´.  In that report, the authors seperate out the Community and Voluntary Sector from the broader non-profit sector and estimate values for its economic role.  In that report they found that the C&V sector accounted for 2.14% of GDP and 2.4% of GNP that year.  Taking these figures, the following table updates them to more recent values using national income figures from the Central Statistics Office for 2004.  In doing so, the table assumes that the proportion of GDP accounted for by the sector is the same in 2004 as in 1995.

  2004 GDP &
GNP Values
Donoghue et al
%s
2004 Equivalent
Values
GDP €149 billion 2.14 €3.2 billion
GNP €124 billion 2.40 €3.0 billion
 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: