This doesn\’t sound right to me at all.
Established in Ireland in 1990, Dell employed more than 4,500 staff in Ireland at its height and is the country’s biggest exporter and second largest company.
It accounts for approximately 5 per cent of Irish GDP and last year contributed €140m to the south western economy in wages alone.
Eh? Out of a population of 4.something million, 4,500 create 5% of GDP? Nonsense! € 140 million in wages against a GDP of $ 188 billion? Absurd!
I fear that what the reporter is done is compared turnover of that factory with Eire\’s GDP. Which is nonsense. I\’m not even sure it makes sense if you do that. $ 9 billion turnover from one factory and 4,500 jobs? Even that\’s a stretch, don\’t you think?
Anyway, the amount that a factory or company adds to GDP is the value added by that company or factory. Not the pure turnover. For GDP itself is a measure of value added, not turnover. Buying in components from Asia, plugging them together and re-exporting them will indeed provide a large turnover. But not a large amount of value added.
OK, prizes and lashings of ginger beer for the people who find this being repeated by the credulous.