Dáil Éireann Debate, Tuesday - 1 April 2025
353. Deputy John Clendennen asked the Minister for Enterprise, Trade and Employment the top ten countries of foreign direct investment from 2019 to 2024, in tabular form; and if he will make a statement on the matter. [15051/25]
View answerThe table below outlines the top ten countries for IDA foreign direct investment from 2019 to 2024. To note, this information is specific to IDA client companies.
|
Rank |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
|
1 |
United States |
United States |
United States |
United States |
United States |
United States |
|
2 |
United Kingdom |
United Kingdom |
United Kingdom |
United Kingdom |
United Kingdom |
United Kingdom |
|
3 |
Germany |
Germany |
Germany |
Japan |
Germany |
Germany |
|
4 |
France |
France |
Sweden |
Germany |
Japan |
Canada |
|
5 |
Japan |
Japan |
France |
Canada |
Canada |
Sweden |
|
6 |
Australia |
Switzerland |
Switzerland |
Switzerland |
France |
Japan |
|
7 |
China |
India |
China |
France |
Switzerland |
France |
|
8 |
Canada |
China |
Israel |
China |
China |
Denmark |
|
9 |
Russia |
Russia |
Luxembourg |
Netherlands |
Denmark |
Italy |
|
10 |
India |
Canada |
Canada |
Italy |
Netherlands |
Switzerland |
IDA Ireland launched its new strategy in February this year: Adapt Intelligently: A Strategy for Sustainable Growth and Innovation 2025-29.
Under this new strategy, IDA Ireland will continue to target investments from across the globe through its global network of offices, and in collaboration with Team Ireland colleagues from this Department, the Department of Foreign Affairs, Enterprise Ireland, Research Ireland, Tourism Ireland, Bord Bia and Culture Ireland. IDA will continue to partner with international investors and companies to grow their businesses, to complete ground-breaking research and innovation, and to develop a rich, vibrant, talent capability for the needs of industry.Competition for FDI is intense, with virtually every country in the world seeking new FDI investments. Every single job created in Ireland by an FDI company has been hard won, against competition from a growing number of sophisticated locations. In 2024, Ireland ranked in fourth place among 67 economies measured for their global competitiveness in the 2024 IMD World Competitiveness Ranking. This is the second consecutive year Ireland has placed in the top five economies globally.My Department continues to work closely with IDA Ireland to ensure there is a strong continued pipeline of Foreign Direct Investment (FDI) into Ireland. Despite the challenging global issues affecting the Irish economy in recent years, including the impacts of Brexit, the Covid-19 pandemic, and the war in Ukraine, Ireland continues to be seen as a location of choice for new investors and long-established companies who choose to reinvest in substantial expansions of their operations here.
Companies are positioning Ireland as a key part of their global value chains, against a backdrop of intense global competition and an increased focus on industrial policies and other geopolitical developments. Ireland offers a competitive, consistent, and transparent corporate tax regime, good access and connectivity and an excellent return on investment, and is an attractive environment where people want to live and work. As a result, the Irish sites of leading global companies play a key role in creating or adding value to the goods and services that underpin the modern global economy.
My Department is not complacent about Ireland’s competitiveness position regarding FDI with policies, strategies and the legislative toolkit constantly kept under review to ensure objectives set out in this critical part of the economy are met.
