A Two-Way Street
No country in the world attracts more FDI than the United States, with Irish firms significant players in the United States. To this point, Corporate Ireland’s total investment stock in the US—$300 billion in 2022—was greater than the total stock of Spain ($75 billion), Belgium ($72 billion) and China for that matter ($28 billion). Irish affiliates in the US generated some $160 billion in sales in 2021, more than Italy ($45 billion) and Belgian ($45 billion). These same affiliates contributed to nearly $5 billion in R&D expenditures. All of this bestows a host of benefits to the US and US workers in terms of investment and employment, and is a reminder that Irish-US bi-lateral commercial relations are a two-way street.
Figure 4
Ireland US.
Global Linkages 2022
*Measured on a historic-cost basis.
**Author estimates.
Data are for majority-owned bank and nonbank affiliates.
Source: Bureau of Economic Analysis.
Data as of Jan 5, 2024
Figure 5
US Outward FDI Abroad: By Country for Capital Outflows
Millions of dollars; (-) inflows; not seasonally adjusted
Source: Bureau of Economic Analysis. Data as of Jan 5, 2024
Figure 6
US Affiliate Income Earned Abroad: By Country
Millions of dollars; not seasonally adjusted
Source: Bureau of Economic Analysis. Data as of Jan 5, 2024
