US Investment in Ireland
Ireland remains one of the prime locations for US Foreign Direct Investment with over 700 US companies operating in here.
There are now 150,000 people directly employed by US businesses with a further 100,000 indirectly employed.
Collectively US investment in Ireland amounts to $343bn an increase of 22.8% from 2014. Ireland, which represents just 1% of the European economy, attracted 11.6% of all US FDI investment to Europe in 2016.
US firms have invested nearly $280bn in Ireland since 2008.
Irish Investment in the US
The US is one of Ireland’s top export destination with the total bilateral trade in goods and services (export + imports from the US) worth over €61bn.
There are now 700 Irish companies in the US operating in all 50 states across 2,000 locations.
Ireland’s investment stock in the US totalled $13.bn in 2015. Irish affiliate sales in 2014 generated an estimated $95bn and $37bn in US economic output.
Ireland is the 13th largest supplier to the US.
In 2016 IDA client companies created just under 19,000 (18,627) jobs on the ground during the year across a range of sectors, with every region of Ireland posting net gains in jobs. Of the 242 investment announcements made by the IDA, 74% are US based.
US companies are responsible for significant social benefits in their local communities and throughout the entire country by providing innovative and inclusive social impact programmes and other activities. In 2015 alone, employees of US companies contributed over 600,000 work supported volunteer hours to 7,300 CSR projects. Over 70% of all CSR programmes undertaken by US companies in Ireland are skills or education related.