Increased foreign investment into Ireland

Latest CSO figures show net situation remains unchanged on 2011

The level of foreign direct investment into Ireland increased during 2012 by €33 billion, with the bulk of the money coming by way of the Netherlands (€22 billion) and Asia (€5 billion), according to the latest figures from the Central Statistics Office.

The Irish stock of direct investment abroad (ie investment abroad by Irish-based entities) increased by €32 billion, mainly as a result of investments in companies in offshore islands in the Caribbean (€13 billion) and in Europe (€10 billion), mainly the Netherlands and Luxembourg.

The net position at the end of 2012 was a surplus of €31 billion, unchanged from the net position at the end of 2012.

The level of direct investment abroad at the end of 2012 was €288 billion, while the level of total foreign direct investment into Ireland was €258 billion.

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Investment abroad by enterprises located in Ireland was mainly into the services sector, where the level of investment increased by €29 billion by the end of 2012. More than half of this, €64 per cent, was into the EU.

The largest sector for inward investment was financial intermediation (€113 billion), which comprised 44 per cent of the total stock of inward investment at the end of 2012.

Colm Keena

Colm Keena

Colm Keena is an Irish Times journalist. He was previously legal-affairs correspondent and public-affairs correspondent