According to the 2013 World Investment Report published by the UNCTAD, in 2012 Ireland ranked 12th among the world's largest FDI receivers. The country moved from 167th place to 19th place in the global ranking of investor countries. FDI flows remained dynamic in 2013 and should continue to perform well in 2014.
The structure of FDI has undergone through a transformation, the low value-added activities have been reduced to the profit of R & D and upscale services (engineering, information and communications technologies, pharmaceutical products, medical technology). The country's assets include its attractive fiscal and legal frame, a high-skilled and multi-cultural work force and a strong relationship with the United States. In addition, the crisis has brought the costs of both labor and real estate down, which further increases its attractiveness to investors.
|Index of Transaction Transparency*||10.0||6.0||7.0||5.0|
|Index of Manager’s Responsibility**||6.0||5.0||9.0||5.0|
|Index of Shareholders’ Power***||7.0||9.0||5.0|
|Index of Investor Protection****||8.3||6.1||8.3||5.0|
Source: Doing Business - Last Available Data.
Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action. **** The Greater the Index, the Higher the Level of Investor Protection.
|Foreign Direct Investment||2011||2012||2013|
|FDI Inward Flow (million USD)||23,545||38,315||35,520|
|FDI Stock (million USD)||290,495||339,763||377,696|
|Performance Index*, Ranking on 181 Economies||5||-||-|
|Potential Index**, Ranking on 177 Economies||45||-||-|
|Number of Greenfield Investments***||228||169||164|
|FDI Inwards (in % of GFCF****)||98.1||171.0||153.3|
|FDI Stock (in % of GDP)||128.5||161.3||173.3|
Source: UNCTAD - Last Available Data.
Note: * The UNCTAD Inward FDI Performance Index is Based on a Ratio of the Country's Share in Global FDI Inflows and its Share in Global GDP. ** The UNCTAD Inward FDI Potential Index is Based on 12 Economic and Structural Variables Such as GDP, Foreign Trade, FDI, Infrastructures, Energy Use, R&D, Education, Country Risk. *** Green Field Investments Are a Form of Foreign Direct Investment Where a Parent Company Starts a New Venture in a Foreign Country By Constructing New Operational Facilities From the Ground Up. **** Gross Fixed Capital Formation (GFCF) Measures the Value of Additions to Fixed Assets Purchased By Business, Government and Households Less Disposals of Fixed Assets Sold Off or Scrapped.
Several state organizations promote investment inflow:
- The Industrial Development Authority of Ireland (IDA);
- Enterprise Ireland;
- Udaras na Gaeltachta.
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Last Updates: October 2014