Written answers

Tuesday, 8 July 2008

Department of An Taoiseach

Profit Outflows

11:00 pm

Tony Gregory (Dublin Central, Independent)
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Question 136: To ask the Taoiseach the amount of profits, adjusted to present values, repatriated by multinational corporations from this State for each year since 1973 to date in 2008; and the breakdown of the proportion going to EU based corporations. [27520/08]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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The profit outflows of foreign owned multinational corporations operating in Ireland are not directly available for this period. However, the Net Factor Outflows shown in the table below largely reflect these accrued profit outflows and are given from 1976 to date. The geographical analysis of the destination of these outflows is only available for the years 2001-2007 and therefore the table below only presents the proportion of EU based recipients of the total accrued outflows from 2001 onwards. The latest data available for 2008 relate to the first quarter, and were published on 30 June 2008. These figures show that the Net Factor Outflows in this quarter were €6,717m (the equivalent amount for the first quarter in 2007 amounted to €7,733m).

Estimated Annual Net Factor Outflows 1976-2007 (in constant 2007 prices)
YearAmount €m% EU Outflow
1976152not available
1977358not available
1978712not available
1979790not available
1980872not available
19811,062not available
19821,797not available
19832,088not available
19842,708not available
19853,213not available
19863,322not available
19873,409not available
19883,964not available
19894,476not available
19905,242not available
19915,183not available
19925,813not available
19935,655not available
19945,711not available
19957,066not available
19967,909not available
19979,671not available
199811,02550%
199913,86851%
200014,93645%
200117,48246%
200221,81747%
200321,55548%
200422,37454%
200524,41954%
200624,98246%
200729,39349%

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