The stock of Foreign Direct Investment (FDI) in Ireland was €1,284bn at the end of 2022 an increase of 2% on 2021 figures.
FDI in Ireland was 254% of Gross Domestic Product (GDP) at the end of 2022, approximately four times the EU average.
On an ultimate investor basis €921bn of the Inward Investment Positions in Ireland originated in the US, accounting for 72% of the total.
Inward investment that ultimately originated in Ireland, or round-tripping, was €56bn or 4% of the total positions. Round-tripping refers to domestic funds which leave an economy and return back as FDI.
In 2022 30% of inward FDI positions were pass-through investment which can be defined as foreign multinationals investing in their Irish affiliates and then subsequently invest in another economy.
Greenfield FDI, which represents new investment, was €13bn in 2022.
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Statistician's Comment
The Central Statistics Office (CSO) today (20 June 2024) released Foreign Direct Investment (FDI) in Ireland 2022.
Commenting on the release, Faris Bader, Statistician in the International Accounts Division said:
"This experimental research has been developed to add value to official statistics pertaining to FDI and globalisation and to highlight the relevance of FDI statistics and their role in the Irish economy.
The results show that 72% of inward FDI to Ireland in 2022 had an ultimate controlling parent in the United States, and that 67% of inward FDI was concentrated among the top 25 firms. The results also show that pass-through, which can be defined as foreign multinationals investing in their Irish affiliates and then subsequently investing in another economy, made up 30% of inward FDI, Round-tripping, which refers to domestic funds that leave an economy and return back as FDI, amounted to €56bn.This year's release also includes a chapter on greenfield investment, which represents new investment in the economy, and amounted to €13bn in 2022."