Foreign direct investment (FDI) has played a significant role in Ireland’s economic growth and development. The country’s ability to attract investment has continued to grow, with Ireland being home to 16 of the top 20 global technology companies. The country’s exceptional talent pool and established medtech sector have made it an attractive location for tech companies. Ireland has succeeded in creating various innovation clusters in specialized tech sectors, such as medtech, artificial intelligence, and robotics. The country’s publicly funded research centers support and complement the corporation’s R&D activities, and the country’s Knowledge Boxor patent box, meets the OECD standard.
The Irish government has been committed to growing and sustaining FDI in Ireland, with IDA being the State’s inward investment promotion agency. The agency partners with companies to help them establish and expand their operations in Ireland. The government’s long-term strategy has helped Ireland’s GDP grow by 12% in 2022. The country’s highly skilled and talented workforce, excellent location, and extensive practical and financial support have made it an attractive platform for companies looking to expand into the European market.
Foreign direct investment (FDI) transactions abroad and in Ireland have shown an increase in direct investment into Ireland. The manufacturing sector income outflows increased by €6.3bn, while the information and communications sector saw an increase of €2bn in the first quarter of 2023. The stock of FDI assets held abroad increased from €1,125.2bn in Q4 2022 to €1,156.6bn in Q1 2023, while the stock of FDI assets held in Ireland decreased from €1,283.7bn in Q4 2022 to €1,259.9bn in Q1 2023. FDI assets held in Ireland by foreign investors decreased by €23.7bn.
Foreign direct investment has played a significant role in Ireland’s economic growth and development. The country’s ability to attract investment has continued to grow, with Ireland being home to 16 of the top 20 global technology companies. The Irish government has been committed to growing and sustaining FDI in Ireland, with IDA being the State’s inward investment promotion agency. The country’s highly skilled and talented workforce, excellent location, and extensive practical and financial support have made it an attractive platform for companies looking to expand into the European market. The recent increase in direct investment into the country shows that the country’s FDI trends are positive and that it remains an attractive location for foreign investment.
