Oireachtas Joint and Select Committees
Thursday, 29 June 2017
Committee on Budgetary Oversight
Capital Investment: European Investment Bank
10:00 am
Mr. Andrew McDowell:
On the level of investment, these are ultimately national policy decisions but, clearly, the statistics show that Ireland is now at the bottom of the EU league table and at the very bottom of the list of 28 member states when it comes to the level of investment in infrastructure as a percentage of GDP. It may well be the case that GDP in Ireland is slightly overstated. If one used the ratio in the context of GNP, it might be a better measure of the economy's size.