Written answers
Thursday, 12 October 2023
Department of Enterprise, Trade and Employment
Foreign Direct Investment
Bernard Durkan (Kildare North, Fine Gael)
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105. To ask the Minister for Enterprise, Trade and Employment the total number of jobs believed to have accrued from foreign direct investment in each of the past ten years to date; and if he will make a statement on the matter. [44575/23]
Simon Coveney (Cork South Central, Fine Gael)
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The total number of additional jobs created by IDA Ireland client companies from 2013 to 2022 inclusive is 136,848, bringing the total number of jobs in IDA client-companies to over 301,000 at the end of 2022. Furthermore, studies have shown that for every 10 direct jobs created by Foreign Direct Investment a further 8 are generated in the economy meaning that at end-2022, FDI was supporting over 542,000 jobs in the Irish economy.
Survey results are not yet available for the year 2023 but IDA figures show that growth remains strong. In the year to date, the IDA has announced a further 60 investments, involving over 6,500 additional jobs.
As requested by the Deputy, a time series for the last decade is provided in the attached table.
Year | Number of IDA Client Operations | Total Jobs | New Jobs Created (Gross Gains) | Job Losses | Additional Jobs Created (Net Change) |
---|---|---|---|---|---|
2013 | 1280 | 172699 | 14793 | -6721 | 8072 |
2014 | 1320 | 180898 | 16888 | -8689 | 8199 |
2015 | 1368 | 193688 | 21046 | -8256 | 12790 |
2016 | 1456 | 207878 | 21391 | -7201 | 14190 |
2017 | 1524 | 220101 | 23376 | -11153 | 12223 |
2018 | 1595 | 236032 | 26082 | -10151 | 15931 |
2019 | 1693 | 251129 | 25634 | -10537 | 15097 |
2020 | 1713 | 260763 | 23376 | -13742 | 9634 |
2021 | 1789 | 277456 | 34159 | -17466 | 16693 |
2022 | 1796 | 301475 | 32426 | -8407 | 24019 |
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