Level of FDI into Ireland rose to €287bn in 2013

FDI boosted by increased contributions from Europe and US

Flows of direct investment into Ireland during 2013 totalled €28billion - down from a €35billion inflow in 2012
Flows of direct investment into Ireland during 2013 totalled €28billion - down from a €35billion inflow in 2012

The level of foreign direct investment (FDI) into Ireland rose by €11 billion in 2013 to €287 billion, according to new Central Statistics Office figures.

The main FDI contributors were increases of €11billion from European countries and €3billion from US. These were partially offset however, by decreased investment of almost €4billion from Central American offshore countries.

The net FDI position for Ireland at the end of the year under review was a surplus of €102billion, up €66billion from the net position at the end of 2012.

Flows of direct investment into Ireland during 2013 totalled €28billion - down from a €35billion inflow in 2012.

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Equity investment amounted to €7billion, while reinvested earnings and other capital amounted to €18 billion and €3 billion respectively.

The main source of inward investment was from the US with €8billion. France and Luxembourg and Bermuda were the next biggest sources with €4billion each.

Investment from Europe fell from €23billion in 2012 to €16billion the following year. Similarly, investment from Asia was down from €4billion in 2012 to a disinvestment of €1billion in 2013.

Irish stocks of direct investment abroad increased to €389 billion at the end of 2013 from €312billion, the figures show.

The rise between the end of 2012 and the end of 2013 was mainly due to increased investment in enterprises located in the US, Central American Offshore countries and Europe. The €26 billion increase in Europe was accounted for by a rise investment in enterprises located in Luxembourg and the UK, and partially offset by a fall in investment of €16billion in enterprises located in the Netherlands.

Charlie Taylor

Charlie Taylor

Charlie Taylor is a former Irish Times business journalist