US Investment - Key Statistics
US Investment in Ireland
Ireland’s Most Important Economic Relationship
- €100+ Billion Exports
- $188 Billion FDI Stock
- 100,000+ Direct Employees
- 600 US Companies
- €16 Billion Expenditure Payroll/Services
- €4 Billion Contributed to the exchequer
Today, approximately 100,000 people are directly employed in over 600 US firms in Ireland accounting for over 70% of all IDA supported employment.
Collectively US companies have US$188b in foreign direct investment (FDI) in Ireland. This represents 8% of all US investment in the EU & 5% worldwide. This equates to more than the total invested in the much hyped BRIC economies (Brazil, Russia, India, China). During the decade to 2010, US investment in Ireland was three times that invested in China.
The US accounted for 74% of Ireland’s inward investment in 2011. Analysed at a sector level, Ireland is the No. 1 location worldwide for US FDI in the information sector and third worldwide in the chemicals sector, which includes pharmaceuticals.
Irish companies directly employ an estimated 120,000 people within 227 companies at over 2,600 locations, in all 50 States across the USA. The cumulative stock of Irish foreign direct investment (FDI) in the US stood at $30.6b in 2010.
In 2011, US firms contributed €3b to the Irish Exchequer in taxes and an additional €16b in expenditure to the Irish economy in terms of payrolls, goods and services employed in their operations.
The Industrial Development Authority (IDA) of Ireland announced a record 148 new overseas investments in 2011. This resulted in 13,000 new jobs and of these positions, typically more than 70% originated from US firms.
- Three out of every four foreign direct investment projects coming to Ireland in 2011 originated from the US.
- €700m of investments was made in Research & Development projects, with over €500m of this originating from US firms.
US firms, in 2011, exported in excess of €100 billion of products and services from Ireland into world markets. The US is Ireland’s number one trading partner destination accounting for 17% of all Ireland’s exports.
US firms in Ireland form a critical part of Ireland’s cutting edge, internationally traded goods and services economy in industries such as information & communications technology, biotechnology, pharmaceuticals, medical technologies and financial services.