The Importance of Physics to the Northern Irish Economy
The future of Northern Ireland lies in physics. Whether through the high-level skills of physics-trained workers or the industry of physics-based businesses, the economy of Northern Ireland needs physics if it is to prosper.
The new analysis from Deloitte presented in this report demonstrates this conclusively: businesses that are critically dependent on physics contribute 8.8% of Northern Ireland’s economic output – more than £1.5 bn – and employ nearly 27,000 people. Including indirect effects though supply chains and other induced employment, physics-based businesses support more than £2bn of Northern Ireland’s GVA and nearly 40,000 jobs.