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Foreign Direct Investment

Dáil Éireann Debate, Thursday - 12 October 2023

Thursday, 12 October 2023

Questions (105)

Bernard Durkan

Question:

105. Deputy Bernard J. Durkan asked the Minister for Enterprise, Trade and Employment the total number of jobs believed to have accrued from foreign direct investment in each of the past ten years to date; and if he will make a statement on the matter. [44575/23]

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Written answers

The total number of additional jobs created by IDA Ireland client companies from 2013 to 2022 inclusive is 136,848, bringing the total number of jobs in IDA client-companies to over 301,000 at the end of 2022.  Furthermore, studies have shown that for every 10 direct jobs created by Foreign Direct Investment a further 8 are generated in the economy meaning that at end-2022, FDI was supporting over 542,000 jobs in the Irish economy.

Survey results are not yet available for the year 2023 but IDA figures show that growth remains strong. In the year to date, the IDA has announced a further 60 investments, involving over 6,500 additional jobs.

As requested by the Deputy, a time series for the last decade is provided in the attached table.

Year

Number of IDA Client Operations

Total Jobs

New Jobs Created

(Gross Gains)

Job Losses

Additional Jobs Created

(Net Change)

2013

1280

172699

14793

-6721

8072

2014

1320

180898

16888

-8689

8199

2015

1368

193688

21046

-8256

12790

2016

1456

207878

21391

-7201

14190

2017

1524

220101

23376

-11153

12223

2018

1595

236032

26082

-10151

15931

2019

1693

251129

25634

-10537

15097

2020

1713

260763

23376

-13742

9634

2021

1789

277456

34159

-17466

16693

2022

1796

301475

32426

-8407

24019

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