The Irish economy is the fastest growing in the Eurozone. The Irish Government is committed to sustainable management of public finances and Ireland receives an ‘A’ grade from all major credit rating agencies.
Ireland is a committed member of the EU Single Market and the Eurozone and there is strong public support for Ireland's EU membership
IDA Ireland’s client companies continue to have a hugely positive effect on the Irish economy with over eight jobs being created for every 10 jobs in an FDI company.
Multinational Companies (MNCs) invest directly into the Irish economy approx. €19.2bn including expenditure on Irish materials and services totalling €7.5bn, and an annual payroll spend of €11.7bn. In addition, MNCs inject capital expenditure of €5.7bn approx. on new buildings and machinery and equipment leading to high levels of employment in the construction sector.
A significant portion of the record corporation tax take (approx. two thirds) can also be attributed to the thriving IDA supported FDI sector in Ireland.
Overseas companies continue to be significant exporters from Ireland, with IDA clients accounting for 67% of national exports in 2017 (€189bn). The country’s main markets are the EU and the USA, and the main exporting sectors are:
Pharmaceuticals & Chemicals
Financial Services & Insurance
Food & Beverages
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Minister for Business, Enterprise and Innovation, Heather Humphreys and IDA Ireland, the Irish Government agency responsible for attracting foreign direct investment (FDI) to Ireland, today announced that employment levels in its client companies have now reached 245,096 - the highest ever number employed in the multinational sector, exceeding targets set by Government contained in IDA Ireland’s Strategy – Winning: Foreign Direct Investment 2015-2019.
Everything you need to know about investing in Ireland in 2019 including information on economy, talent, tax, commercial property and more.
IDA Ireland is in the process of developing a new five year strategy to succeed its current strategy “Winning FDI 2015 – 2019”. We do so in a strong position. There have been record levels of foreign direct investment into Ireland over the past five years. The ambitious targets set out in the current strategy will be met and, in many cases, have already been well surpassed. In this strategy IDA has placed a particular focus on increasing investment in regional locations and that emphasis is bearing fruit.
Every company that wants to grow will reach a point where it needs to expand into new markets. Doing it right means setting up operations closer to those customers.
It’s a big step, but it’s one that many others have taken before. For this blog, we spoke to senior leaders at leading tech companies that expanded into Ireland. They shared their advice on getting a fast and frictionless start, with five practical tips for others planning to grow their business internationally.
IDA Ireland, the inward investment agency of the Irish Government has today reported a very strong first half of 2019 with 13,500 jobs approved – up 19% on the same time period last year.
Latest figures from Ireland’s Foreign Investment Agency, IDA Ireland have shown that 70 individual investments related to Brexit, with over 5000 associated jobs, have been approved since the UK’s EU referendum in June 2016.
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