The WDC has just published its analysis of the CSO Business Demography data (2011) which shows there were nearly 31,000 active enterprises operating in the Western Region. At 0.057 the average number of enterprises per working age person in the region was lower than that in the rest of the state (0.062).
Overall the Western Region’s enterprise base was more significantly damaged by the recession than elsewhere. Between 2006 and 2011 the decline in enterprise numbers in the Western Region was nearly twice that in the rest of the state (-18.4% compared with -9.8%). The region’s largest enterprise sectors experienced the greatest declines.
Some sectors did show growth. Enterprise numbers in ‘education’, ‘information and communications’, ‘real estate’ and ‘professional, scientific and technical activities’ increased. While growth in these knowledge intensive sectors is very welcome, they continue to be less important to the region’s enterprise profile.
The Western Region has a less diverse enterprise profile than the rest of the state. It has a higher share of enterprises in sectors that mainly serve local, domestic or tourist markets, while knowledge intensive services account for a lower share of the region’s businesses. The region’s more urban counties tend to have greater enterprise diversity, with rural counties’ economies more concentrated by sector.
A WDC Insights summary or a more detailed WDC Report on the Business Demography data can be downloaded from http://www.wdc.ie/publications/reports-and-papers/
Note: This report was completed in late July, prior to the very recent publication of the data for 2012. The WDC’s analysis of the 2012 Business Demography data will be published soon.