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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
Boulder Media
State Street
dōTERRA
Cadence
Blackrock
eSentire
Boulder Media is one of the largest animation studios Ireland

Boulder Media is one of the largest animation studios Ireland

Remaining successful in the thriving global animation industry is largely down to attracting and retaining high quality talent, making the studio the best place to produce a project. Partnering this talent with high quality projects allows Boulder Media to create the best content, entertaining audiences all over the world on a daily basis.

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.

Company chooses Cork as its first international manufacturing site

Company chooses Cork as its first international manufacturing site

Our presence in Ireland has created employment opportunities for skilled workers, improved our ability to respond to our customers’ needs, and dramatically reduced our environmental impact.

Cork facility designated as European R&D Centre of Excellence

Cork facility designated as European R&D Centre of Excellence

The timing and scale of this Cadence investment is a real boost to Cork’s growing reputation as a specialised R&D hub. Due to our proximity to the University College Cork and Munster Technological University as well as to Ireland’s largest ICT research centre, The Tyndall Institute, the region provides an amazing engineering and computer science talent pool to draw from.

$1.5 trillion of assets under management in its Irish-domiciled funds

$1.5 trillion of assets under management in its Irish-domiciled funds

We find the various government departments very approachable and always open to engaging with the industry, with the IDA a particularly strong partner. The ecosystem is excellent, and by that, I mean not only asset managers but who they interact with, professional services firms, fund service providers and industry associations. They’re arguably the best I know.

 eSentire's Cork site has become a service delivery centre of excellence and now employs 52 people

eSentire's Cork site has become a service delivery centre of excellence and now employs 52 people

There’s a global shortage of cybersecurity professionals, it’s well documented that it’s very hard to hire and retain cybersecurity professionals. We’ve been able to hire very high-quality talent, who are doing a great job. There’s a very strong work ethic and culture here, eSentire has several very, very strong partnerships, and I emphasise the word ‘partnership’. A good example is Munster Technological University: they have what I would describe as the leading programme in cybersecurity in Ireland, hands down.

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