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]
Brian 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) | ||
Year | Amount €m | % EU Outflow |
1976 | 152 | not available |
1977 | 358 | not available |
1978 | 712 | not available |
1979 | 790 | not available |
1980 | 872 | not available |
1981 | 1,062 | not available |
1982 | 1,797 | not available |
1983 | 2,088 | not available |
1984 | 2,708 | not available |
1985 | 3,213 | not available |
1986 | 3,322 | not available |
1987 | 3,409 | not available |
1988 | 3,964 | not available |
1989 | 4,476 | not available |
1990 | 5,242 | not available |
1991 | 5,183 | not available |
1992 | 5,813 | not available |
1993 | 5,655 | not available |
1994 | 5,711 | not available |
1995 | 7,066 | not available |
1996 | 7,909 | not available |
1997 | 9,671 | not available |
1998 | 11,025 | 50% |
1999 | 13,868 | 51% |
2000 | 14,936 | 45% |
2001 | 17,482 | 46% |
2002 | 21,817 | 47% |
2003 | 21,555 | 48% |
2004 | 22,374 | 54% |
2005 | 24,419 | 54% |
2006 | 24,982 | 46% |
2007 | 29,393 | 49% |
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