Impact of FDI (Foreign Direct Investment) on the Irish Economy

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.