The country's film and television industry is still boosting the economy despite the recession, according to a business group.

The Audiovisual Federation said while revenue from the sector has fallen this year, it claimed the country continues to benefit both financially and culturally

In its annual review the group revealed 266 productions were completed here last year, with a total production value of 246.8 million euro.

Director Tommy McCabe said despite current economic pressures, the audio-visual field remains vibrant.

"The sector is one of Ireland's great success stories and it is critical that public policy continues to support the industry, to ensure that this momentum is not lost," said Mr McCabe.

"In 2008, the net benefit to the economy was 25.7 million euro, which is the highest return since 2003, and over 1,631 people were employed in full-time equivalent jobs.

"The level of production activity for feature films increased to 71.9 million euro in 2008, up from 19.3 million euro in 2007, but estimates for 2009 show a fall to 65 million euro."

The federation is part of the business lobby group Ibec and represents the feature film, television and animation sectors.

Movies produced in 2008 included Cracks, starring Sinead Cusack and directed by Jordan Scott; Five Minutes Of Heaven with Liam Neeson and James Nesbitt; and Triage, starring Colin Farrell.

Elsewhere Golden Globe awards went to Irish actors Colin Farrell (In Bruges) and Gabriel Byrne (In Treatment) while Emmy Awards went to Brendan Gleeson (Into the Storm) and Dearbhla Walsh (Little Dorrit). In Bruges and New Boy were also up for an Oscar.