Ireland named top location for US Foreign Direct Investment
A report, commissioned by the American Chamber of Commerce Ireland, reveals that US firms have invested more than $277 billion here since 1990. In addition, the 700 US companies based in Ireland now employ 130,000 people.
According to the report, the output from US companies resident in Ireland now exceeds $80 billion a year and exports from such firms are four times higher than from China.
For the first nine months of 2013, US FDI rose 42% to $37 billion. During the same period, total investment to Europe fell 19% to $115 billion.
Direct investment stock in Ireland in 2013 reached a record $240 billion, a greater investment stake than Germany and France combined.
The study finds Ireland’s overall investment position in the US totalled a record $26.2 billion in 2013, a stake larger than many other nations like Italy, Denmark and Finland.
