Bernard Durkan (Kildare North, Fine Gael)
Link to this: Individually | In context

Question 72: To ask the Minister for Jobs, Enterprise and Innovation the full extent of foreign direct investment in terms of jobs arising as a result in each of the past five years to date in 2012; the countries from which such investment came; and if he will make a statement on the matter. [27675/12]

Richard Bruton (Dublin North Central, Fine Gael)
Link to this: Individually | In context

The Forfás Annual Employment Survey reports on job gains and losses in companies that are clients of the industrial development agencies. Information is collected annually and aggregated at county level. The survey shows that in the 5 year period 2007 to 2011, there were a total of 45,512 jobs created in IDA supported companies. Figures for 2012 will not be available until the end of the year.

Over 50% of the investment came from the United States. The remaining investment came in the main from Europe, mainly Germany, the United Kingdom and France, Japan, China, India Canada and the rest of the world. The attached tabular statement lists all the countries of origin of IDA supported companies.

Foreign Direct Investment (FDI) has been hugely important for the Irish economy and job creation over the last 30 years. The IDA supported FDI sector alone accounts for around 250,000 jobs (1 in every 7 jobs ) in the economy. FDI is a key stimulator and driver of the economy through its contribution to exchequer finances, exports and R&D generating

over 70% of corporation tax, €110bn in exports and an expenditure of €19bn in the Irish Economy.

Alphabetical List of countries of origin of IDA supported companies

Australia Netherlands

Austria New Zealand

Belgium Nigeria

Bermuda Norway

Canada Portugal

China Russia

Denmark Singapore

Finland South Africa

France South Korea

Germany Spain

Greece Sweden

India Switzerland

Israel Taiwan

Italy Turkey

Japan United Kingdom

Liechtenstein United States

Luxembourg

Mexico