|Turnover and number of persons engaged in Irish-owned foreign affiliates, 2013 - 2015|
|Turnover (€millions)||%||Number of persons engaged||%|
|1 Outward Foreign Affiliates Statistics were revised for 2013 and 2014|
In 2015, Irish multinationals abroad had turnover in excess of €168bn, with US and UK affiliates accounting for almost 61% of this. There were nearly 774,000 persons employed in Irish multinationals abroad, 35% of whom were in the US and the UK.
Comparing 2015 to 2014, the turnover in Irish affiliates in the UK increased by 19.8% while employment increased by 8,558 or 9.1%. While there was a drop in employment in Irish affiliates in the US by nearly 4,600 or a 2.7% decrease, turnover increased by 6.2%. There was also an increase in both employment and turnover in Irish multinationals in countries other than the US and the UK. See Figures 1 & 2 and Headline table.
Outward Foreign Affiliates Statistics (OFATS) cover the activities of Irish multinationals abroad. The purpose of the survey is to allow analysis of the sectoral and geographical composition of the affiliates controlled by Irish multinationals. Care should be taken when analysing the Outward Foreign Affiliates Statistics as the register of Irish multinationals abroad can be subject to significant change in the short term.
An enterprise is deemed to be Irish owned if over 50% of its controlling interest is in Ireland. The population of foreign affiliates is subject to fluctuation based on international market conditions and the buying and selling of affiliates by Irish multinationals. Any enterprise that redomiciles their controlling operations to Ireland will have a bearing on the results, provided the above criteria are satisfied, as it would from that point be considered an Irish enterprise.
Please click the following link to access details of the methodology used: Compiling Outward Forward Foreign Affiliates (PDF 224KB)