Facts About Cork
- Area served - 7,422 square kilometres (including Islands)
- County Council staff - 2,780
- County Council annual turnover (capital and revenue) - €459 million in 2011
County Cork - Demographics
40% of the population is under 25.
- The population is growing by 2.5% per annum.
- The workforce is growing by 5% per annum.
- 60% of third-level students are studying engineering, science or business.
- Cork has the highest number of computer science graduates per 100,000 in OECD.
- Cork has the lowest percentage of over 65s in Europe (11%).
- Rapid growth in GDP per person has moved Ireland up the EU living standards league table.
- The unemployment rate fell from a peak of 17% in the 1980s to under 4% in 2001.
- The labour-force participation rate of women rose from its low initial level to close to the EU average.
- The high net emigration rate of the 1980s has been replaced by what is now the highest net immigration rate in the EU.
- In recent years, immigration has accounted for about 50% of growth in the labour force.
- Cork has attracted a larger share of the economic growth than many areas outside of Dublin.
- Within County Cork, disparities remain between growth in metropolitan areas and the relative weakness of the economy in North and West Cork, with their high dependence on agriculture.
Cork - Sustainable Factors
- Business friendly and efficient operating environment.
- Excellent quality of life.
- Extensive educational opportunities.
- Good access roads/railway/airport.
- Effective telecommunications, including broadband.
- Good quality physical infrastructure.
- High-quality environment.
- Reliable access to energy.
- Good links between business and third-level institutions.
Clusters of similar or inter-related businesses tend to form and consolidate in particular geographical locations, and spatial policy must take account of this.
Sources of Investment
- USA - 77%
- UK - 6%
- Germany - 5%
- Switzerland - 3%
- Others - 9%