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Ireland's Economy

Ireland's Economy

An enduring location for investment

  • Stable, competitive, secure and pro-business, Ireland is a committed member of the EU single market

  • The fastest growing economy in the Eurozone, with sustainably managed public finances and an ‘A’ grade from all major credit rating agencies

Source the skills you need to make your investment in Ireland a success

Connect with us

Source the skills you need to make your investment in Ireland a success

Connect with us

An exporting powerhouse

Ireland is connected to the world through our transport links to Europe, the UK and beyond. Overseas companies are significant exporters from here, serving global markets in pharmaceuticals, technology services, medical devices, food and beverages, and financial services.

  • 2nd for exports of commercial services (IMD)
  • 72% of total national exports (2020) were from multinationals in Ireland

Committed EU member

You’ll find us among the most outward looking and internationally engaged countries in the world. We’re the only English-speaking Eurozone country. Our Government and citizens overwhelmingly support EU membership.

  • 83% of Irish people are positive about EU Membership
  • 88% believe that Ireland has benefitted from EU membership

Committed FDI base

Some 1,700 multinationals call Ireland home . They make a positive contribution to Irish society and the economy through direct investment, capital expenditure, job creation, and payroll spending. Many have been here for a decade or more.

  • 72% of national exports and 70% of corporation tax receipts from IDA client companies
  • 25% of private sector direct and indirect employment at multinationals

Enduring economic strength

Ireland’s resilient economy made us one of the best performing advanced economies in the world, even during COVID-19. Our underlying structural strengths and capital investment plans mean we’re well positioned for future growth.

  • 13.5% GDP growth in 2021, driven largely by exports Business environment, demographics, and talent support growth
  • Business environment, demographics, and talent support growth

Pro-business environment

Ireland consistently ranks among the top countries in the world in which to do business, supporting FDI growth. Successive governments have maintained this pro-business outlook: we favour green lights over red tape.

  • 4th most competitive economy in the EU, 12th globally
  • 3rd ranked globally for high-value FDI projects

Success Stories: Hear from leaders calling Ireland home

A proven path

See all Success Stories
Northern Trust
Qualtrics
AMD
Pfizer
Infineon
Shutterstock
Ireland is one of Northern Trust’s largest fund servicing centres in Europe

Ireland is one of Northern Trust’s largest fund servicing centres in Europe

The support of IDA Ireland has been – and continues to be – an important enabler for our operations in Ireland. The IDAs partnership enhances our ability to scale, invest and compete. We have been working closely with the IDA since 2006 to support our growth.

Qualtrics Chooses Ireland for its Skills Base

Qualtrics Chooses Ireland for its Skills Base

Ultimately, what you want is a geography where you can build an office that has broad market coverage. For a company going into Europe, Ireland has the lowest cost to set up a business, with a broad pool of talent from across the EU

AMD presence in Ireland dates back to 1994 via Xilinx acquisition

AMD presence in Ireland dates back to 1994 via Xilinx acquisition

For nearly three decades, Ireland has been a flagship European R&D centre developing adaptive computing solutions, drawing from a strong and highly-skilled workforce. By further investing and expanding our presence in Dublin and Cork, we are committed to continuing to both drive innovation in Ireland and to support the European semiconductor ecosystem.

Leading global player has invested $9 bn+ in Irish operations

Leading global player has invested $9 bn+ in Irish operations

Pharmaceutical manufacturing in Ireland continues to perform very well contributing strongly to exports and economic growth and provides excellent career opportunities.

Logistics operation is the largest of its kind in the company

Logistics operation is the largest of its kind in the company

Infineon Ireland really cares about their employees, customers and business. Employees are constantly motivated to grow and everyone has the opportunity to flourish in their work and personal experience, which is a win-win for both. One of the things that I like the most is our team’s supportive and co-operative style in both work and social-related aspect of the job, which I find to be the perfect work-life balance.

Technology and language skills an attractive mix for US business

Technology and language skills an attractive mix for US business

We are grateful to have found a home in Dublin for Shutterstock, and the city’s innovative and tech-forward culture makes it the perfect fit for our engineering and research and development teams. Our Ireland hub connects us to key players around the world and helps us drive our business forward relentlessly.

Reasons to invest in Ireland

Infrastructure

Infrastructure

Resilient and flexible infrastructure to support your business

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Quality of life

Quality of life

Work and life. Balanced.

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Talent

Talent

Find and nurture the people you need to make your business thrive here in Ireland

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Ireland's Economy

Ireland's Economy

An enduring location for investment

Read more