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Quarterly FDI Data

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Timeliness of FDI statistics

In order to ensure the timeliness of balance of payments statistics, the CSO publish quarterly FDI statistics in the Quarterly International Investment Position (IIP) release and in the Quarterly Balance of Payments (BOP) release.  Foreign direct investment statistics are crucial components of both of these releases.

FDI in the Current Account

The current account consists of trade in merchandise and services, income inflows and outflows and current transfers. In Table 2a of the release, foreign direct investment income has a significant impact on the current account balance. The volatility of foreign direct investment income flows is outlined in Figure 5.1, which showed a significant increase in net FDI income outflows in 2015 and 2016, starting in Q1 of 2015. These FDI income flows played an important role in the composition of Ireland’s 2015 net factor income. For more information see this Trends in Net Factor Income (PDF 222KB) .

X-axis labelNet direct investment incomeAll other current account componentsCurrent account balance
2012Q1-7.7555.233-2.522
2012Q2-6.6264.327-2.299
2012Q3-6.9547.1720.218
2012Q4-5.4565.454-0.002
2013Q1-6.4355.587-0.848
2013Q2-6.6196.8440.225
2013Q3-6.4449.0862.642
2013Q4-4.3246.161.836
2014Q1-6.6155.12-1.495
2014Q2-6.2337.4141.181
2014Q3-6.3648.9442.58
2014Q4-4.5055.4420.937
2015Q1-12.3416.8594.519
2015Q2-7.41514.9627.547
2015Q3-12.25219.1766.924
2015Q4-11.92719.0947.167
2016Q1-9.34418.2998.955
2016Q2-6.70911.3524.643
2016Q3-11.05721.13510.078
2016Q4-11.5550.423-11.132

 

Source Publication: Balance of International Payments Q4 2016

Get the data: StatBank BPQ20   

FDI in the Financial Account

The financial account displays transactions in foreign assets and liabilities. In Table 2b of the release these transactions are separated by type such that the FDI transactions can be viewed as a distinct category.

Figure 5.2 shows how the financial account is impacted by large FDI transactions. Q1 of 2015 and Q4 of 2015 are especially worth noting; in Q4 of 2015 large FDI transactions into Ireland were counteracted by large Other Investment transactions, out of Ireland. In Q1 of the same year, large FDI transactions out of Ireland were offset by large Portfolio Investments (PI) into the country. 

X-axis labelNet direct investment transactionsAll other financial account componentsFinancial account balance
2012Q1-12.78112.32-0.461
2012Q23.692-12.306-8.614
2012Q3-13.83711.518-2.319
2012Q43.968-1.3512.617
2013Q1-4.3327.7923.46
2013Q2-7.5196.908-0.611
2013Q3-0.5732.4271.854
2013Q4-0.5722.0241.452
2014Q13.677-9.341-5.664
2014Q2-2.7197.254.531
2014Q30.468-5.842-5.374
2014Q41.605-0.5021.103
2015Q139.441-35.6973.744
2015Q22.141.8563.996
2015Q313.711-4.8388.873
2015Q4-75.16481.3356.171
2016Q116.22-8.2637.957
2016Q214.261-11.2153.046
2016Q36.3034.70511.008
2016Q4-16.673-0.239-16.912

Source Publication: Balance of International Payments Q4 2016

Get the data: StatBank BPQ16

The Composition of FDI Transactions

Table 2b of the Balance of Payments release also offers a breakdown of FDI flows, such that their composition can be examined on a quarterly basis. Figure 5.3 shows that the large FDI investment into Ireland consisted of both debt and equity. Years without data in Figure 5.3 are supressed in order to protect confidentiality. As FDI transactions in the Balance of Payments release are documented on a directional basis, direct investment of a foreign investor in Ireland is netted off against any investment it receives from its resident direct investment enterprise. Some components of FDI abroad can therefore be negative, and vice versa.

X-axis labelEquity and reinvested earnings abroadEquity and reinvested earnings in IrelandDebt instrument investment abroadDebt instrument investment in Ireland
2012Q16.812-13.052-0.886-5.655
2012Q25.945-11.077-0.7389.562
2012Q30000
2012Q40000
2013Q122.063-20.693-3.864-1.839
2013Q2-5.359-4.6984.264-1.726
2013Q34.073-4.503-0.004-0.14
2013Q40.865-1.6810.0790.164
2014Q1-2.052-4.83.3497.181
2014Q2-4.05-16.50111.2396.592
2014Q317.085-14.3050.334-2.645
2014Q41.14-7.4134.1883.69
2015Q10000
2015Q20000
2015Q30.021-35.83718.57430.953
2015Q446.604-70.6558.142-59.255
2016Q129.736-48.4613.56331.381
2016Q20000
2016Q3-0.094-16.5831.18521.795
2016Q40000

Source Publication: Balance of International Payments Q4 2016

Get the data: Statbank BPQ16 

FDI in the International Investment Position

The IIP is a point in time statistical statement of the value and composition of the balance sheet stock of an economy's foreign financial assets (i.e. the economy's financial claims on the rest of the world) and its foreign financial liabilities (or obligations to the rest of the world). In Table 1a and Table 1b, FDI assets and liabilities are separated into a distinct category.

Figure 5.4 shows that in 2014 there was a trend during which Irish FDI assets increasingly exceeded FDI liabilities. However, this began to decline throughout 2015, to the small net negative position at the end of 2016. The corresponding transaction with respect to this trend can be seen in Figure 5.2 (above) where FDI transactions into the country increased markedly at end of year 2015.

X-axis labelNet direct investment positionAll other net IIP componentsNet IIP
2012Q116.325-271.103-254.778
2012Q217.008-268.266-251.258
2012Q314.284-258.804-244.52
2012Q421.838-262.363-240.525
2013Q128.445-279.989-251.544
2013Q232.45-287.631-255.181
2013Q336.185-289.93-253.745
2013Q491.575-328.123-236.548
2014Q1109.336-386.227-276.891
2014Q2123.59-423.673-300.083
2014Q3124.593-432.614-308.021
2014Q4167.478-479.908-312.43
2015Q1101.667-643.84-542.173
2015Q290.581-601.112-510.531
2015Q341.427-560.18-518.753
2015Q419.558-550.817-531.259
2016Q1-21.258-483.974-505.232
2016Q212.604-500.988-488.384
2016Q332.552-497.509-464.957
2016Q4-6.471-485.205-491.676

Source Publication: International Investment Position and External Debt December 2016

Get the data: StatBank BPQ26

The Composition of FDI Positions Abroad and in Ireland

After changes in valuation and other are accounted for, Figure 5.5 shows the accumulation of the components in Figure 5.3. This data is published in Table 3a and Table 3b of the IIP release. Figure 5.5 makes it clear that over time, FDI has been primarily composed of equity investment. With that said, the debt component of FDI increased in 2015 but has declined since then.

X-axis labelEquity and reinvested earnings abroadEquity and reinvested earnings in IrelandDebt instrument investment abroadDebt instrument investment in Ireland
2012Q1236.816-265.1948.375-3.676
2012Q2244.835-279.10449.4111.866
2012Q3258.328-287.88446.197-2.356
2012Q4269.818-293.14242.4782.676
2013Q1304.13-315.71622.81717.215
2013Q2305.067-313.29427.05913.617
2013Q3307.239-308.40725.00912.344
2013Q4340.246-307.93847.74211.527
2014Q1349.616-313.70950.59522.833
2014Q2366.06-334.37362.0329.874
2014Q3399.721-367.8766.0226.721
2014Q4437.273-372.25772.90529.557
2015Q1689.853-422.50663.684-229.366
2015Q2686.777-439.7161.135-217.621
2015Q3630.453-473.7975.531-190.766
2015Q4729.484-546.06785.718-249.577
2016Q1684.388-564.07383.956-225.529
2016Q2700.259-559.36664.877-193.166
2016Q3697.474-594.39480.83-151.36
2016Q4709.764-669.62580.239-126.849

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