Wednesday, 20 January 2021

Questions (5)

Mairéad Farrell

Question:

5. Deputy Mairéad Farrell asked the Taoiseach the value of gross FDI inflows from 1990 to 2020, by manufacturing and services; and the percentage of these inflows that is classed as pass-through FDI in each of these years in tabular form. [2608/21]

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Written answers (Question to Taoiseach)

The Central Statistics Office compiles statistics on Foreign Direct Investment as part of our International Accounts compilation. Statistics on Foreign Direct Investment are presented in the quarterly International Accounts publication. Further information on Foreign Direct Investment, including sectoral breakdowns and information on pass-through investment, is presented in two annual Foreign Direct Investment publications. Data are not available for all of the years from 1990 to 2020, included below are the years for which data are available.

The table below shows Foreign Direct Investment inflows broken down into the Manufacturing and Services sectors.

Euro Billions

2013

2014

2015

2016

2017

2018

Manufacturing

13.8

2.2

20.8

-2.8

-36.3

54.5

Services

24.1

34.6

175.6

38.3

82.9

-79.0

Total

38.1

36.3

196.4

35.6

46.8

-23.8

The table below shows Foreign Direct Investment in Ireland positions broken down into the Manufacturing and Services sectors.

Euro Billions

2013

2014

2015

2016

2017

2018

Manufacturing

81.3

78.0

318.2

321.4

270.1

314.6

Services

218.1

274.7

498.0

475.1

611.0

558.1

Total

300.7

354.0

817.6

797.5

882.2

873.7

Currently there is no benchmark definition of pass-through FDI since it can come in different forms and largely depends on the level of operational activity within MNEs in an economy. The Central Statistics Office estimates pass-through FDI occurring in Ireland by comparing a firm’s FDI assets and liabilities. The lower of these is then chosen and used as the estimate of pass-through FDI for that particular enterprise. For more information on the method used see the “Foreign Direct Investment in Ireland” publication on the Central Statistics Office website.

The table below shows the amount of pass-through estimated in the inward FDI positions.

Euro Billions

2013

2014

2015

2016

2017

2018

Pass-Through

75.2

68.7

263.1

265.8

299.0

312.4

Inward FDI

300.7

354.1

817.6

797.5

882.2

873.7

Pass-Through presence in Inward FDI

25%

19%

32%

33%

34%

36%

For more details on FDI in Ireland see the “Foreign Direct Investment in Ireland” publication here:

https://www.cso.ie/en/releasesandpublications/ep/p-fdi/foreigndirectinvestmentinireland2018/