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McDonald's Reportedly Contributes €196m To The Irish Economy Per Year

Published on Nov 27 2019 12:26 PM in Restaurant tagged: McDonald's

McDonald's Reportedly Contributes €196m To The Irish Economy Per Year

According to a report commissioned by McDonald's, the fast food chain contributes over €196 million to the Irish economy per year.

McDonald's hired consultancy firm Development Economics to assess its economic impact, which includes wages, company profits and its contribution to the exchequer via taxes. The consultancy firm's findings are based on the fast food chain's 2017 numbers for Ireland, as reported by The Irish Times.

Development Economics found that McDonald's spent €53 million with Irish suppliers directly, with an additional €163 million worth of ingredients from Irish suppliers being exported to McDonald's outlets in other European countries.

Development Economics also found that McDonald's employs nearly 6,000 people in Ireland, and approximately 85 of the fast food chain's 95 outlets in the Republic are run by a cohort of 22 franchisees.

Regional Breakdown

€83.7 million of the €196 million that McDonald's reportedly contributes to the Irish economy per year was said to be generated in Dublin, while €18.1 million was said to come from Cork, €10 million was said to come from Waterford and €7 million was said to come from Limerick.

© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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