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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
Citco
Ericsson
Analog Devices
Novartis
TikTok
State Street
IDA Ireland support key to wide-ranging R&D and training initiatives

IDA Ireland support key to wide-ranging R&D and training initiatives

A lot of the leadership in Ireland also hold senior global positions, so we consider Ireland to be a strategic office and we’ve got representation across most business lines in the organisation sitting in Ireland.

One of Ireland’s largest enterprise software development centres 

One of Ireland’s largest enterprise software development centres 

Ericsson creates game-changing technologies and services that shape our future and here in Athlone, as one of Ericsson’s largest R&D centres, we are at the forefront of opening new possibilities in communication for the world.

1500 employees across three sites in Ireland (Limerick, Cork and Dublin)

1500 employees across three sites in Ireland (Limerick, Cork and Dublin)

Since 1976, Ireland has been a critical innovation centre for ADI, thanks to its strong academic and research organisations, business ecosystem, and progressive government leadership. This next-generation semiconductor manufacturing facility and expanded R&D team will further extend ADI Limerick’s global influence.

Pharma giant’s 60-year history of investing in Ireland

Pharma giant’s 60-year history of investing in Ireland

The NGSC in Dublin is Novartis’s leading digital science centre globally. This is due to the fact that there is such a large amount of digital talent and a significant tech ecosystem in Ireland... We have an innovative team of data scientists and data managers who are harnessing the power of digital to revolutionise the way that we manage disease and ultimately get our medicines to patients faster.

TikTok’s Rapid Rise in Ireland

TikTok’s Rapid Rise in Ireland

Its strong pool of skilled and diverse talent, booming digital and technology sector, and rich heritage of arts and culture, make it such an attractive base for a platform that prides itself on being an inclusive home for creative expression

Irish site chosen as one of only two global cybersecurity centres

Irish site chosen as one of only two global cybersecurity centres

We are a strong ecosystem with multiple parties, service providers like ourselves, management companies, commercial law firms, audit firms: it’s the synergy of all the different stakeholders working together… It’s the right balance between everyone having their own commercial imperatives but collaborating across an ecosystem that collectively facilitates growth and expansion.

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