Ireland's Economy: An Enduring Location for Investment

Stable, competitive, secure and pro-business, Ireland is a committed member of the EU single market. Here are some of Ireland's strengths:

1. An exporting Powerhouse

Ireland is connected to the world through our transport links to Europe, the UK and beyond. Overseas companies are significant exporters from here, serving global markets in pharmaceuticals, technology services, medical devices, food and beverages, and financial services.

• 2nd for exports of commercial services (IMD).
• 72% of total national exports (2020) were from multinationals in Ireland.

2. Committed EU Member

You will find us among the most outward looking and internationally engaged countries in the world. We are the only English-speaking Eurozone country. Our Government and citizens overwhelmingly support EU membership.

• 83% of Irish people are positive about EU Membership.
• 88% believe that Ireland has benefitted from EU membership.

3. Committed FDI Base

Some 1,800 multinationals call Ireland home. They make a positive contribution to Irish society and the economy through direct investment, capital expenditure, job creation, and payroll spending. Many have been here for a decade or more.

• 72% of national exports and 70% of corporation tax receipts from IDA client companies.
• 25% of private sector direct and indirect employment at multinationals.

4. Enduring Economic Strength

Ireland’s resilient economy made us one of the best performing advanced economies in the world, even during COVID-19. Our underlying structural strengths and capital investment plans mean we are well positioned for future growth.

• 13.5% GDP growth in 2021, driven largely by exports Business environment, demographics, and talent support growth.
• Business environment, demographics, and talent support growth.

5. Pro-business Environment

Ireland consistently ranks among the top countries in the world in which to do business, supporting FDI growth. Successive governments have maintained this pro-business outlook, we favour green lights over red tape.

• 4th most competitive economy in the EU, 12th globally.
• 3rd ranked globally for high-value FDI projects.

Learn more about why Ireland is an extraordinary destination for Foreign Direct Investment (FDI) and how we can be the perfect fit for your business at idaireland.com