{"id":615324,"date":"2026-09-29T12:44:26","date_gmt":"2026-09-29T12:44:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/615324\/"},"modified":"2026-09-29T12:44:26","modified_gmt":"2026-09-29T12:44:26","slug":"labour-productivity-eight-times-larger-in-multinational-dominated-sectors-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/615324\/","title":{"rendered":"Labour productivity eight times larger in multinational-dominated sectors \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \">Labour productivity is almost eight times larger in the foreign-dominated manufacturing and IT sectors in Ireland because of multinationals, according to the <a href=\"https:\/\/www.irishtimes.com\/tags\/central-statistics-office\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/central-statistics-office\">Central Statistics Office (CSO)<\/a>.<\/p>\n<p class=\"c-paragraph paywall \">New CSO figures indicate that labour productivity was \u20ac65.8 per hour in the domestic sector here compared to \u20ac507.3 per hour in sectors dominated by foreign-owned companies. <\/p>\n<p class=\"c-paragraph paywall \">Productivity is defined as the rate at which goods or services are produced in an economy. It is a key driver of earnings and prosperity.<\/p>\n<p class=\"c-paragraph paywall \">The mismatch reflects the massive value-add attached to certain multinational products and the high level of spending on R&amp;D by these companies.<\/p>\n<p class=\"c-paragraph paywall \">The foreign-dominated manufacturing sector, which contains the State\u2019s pharma sector, recorded the highest labour productivity in 2025 at \u20ac524.8 per hour, while labour productivity in the information and communication sector stood at \u20ac415.9 per hour. <\/p>\n<p class=\"c-paragraph paywall \">The CSO said labour productivity for the economy as a whole rose by 6.1 per cent in 2025, as growth in gross value added (7.8 per cent) outpaced growth in hours worked (1.6 per cent). <\/p>\n<p class=\"c-paragraph paywall \">\u201cThis increase was driven by the foreign-dominated sector, which saw labour productivity rise by 14.2 per cent in 2025 compared with 2024,\u201d it said. <\/p>\n<p class=\"c-paragraph paywall \">Despite the current era being defined by technological advancement, productivity growth across the world, in both advanced and developing economies, has been sluggish in recent decades. Flagging productivity has been at the core of the UK\u2019s stumbling economic performance since the 2008 financial crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"Labour productivity is almost eight times larger in the foreign-dominated manufacturing and IT sectors in Ireland because of&hellip;\n","protected":false},"author":2,"featured_media":615325,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,170907,219,35006,111,139,69],"class_list":["post-615324","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-central-statistics-office","tag-economy","tag-foreign-direct-investment","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/615324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=615324"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/615324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/615325"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=615324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=615324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=615324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}