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Multinationals: An Irish Perspective

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Multinationals play an important role in the economies of many countries.  Increasingly, multinationals create a physical presence in several countries around the world in order to maximise their global earnings.

This chapter presents statistics on the activities of the affiliates of Irish multinationals abroad and the contribution made by the affiliates of Foreign multinationals in Ireland. See Tables 7.1 and 7.2 at the end of this section for more detail on the data in the graphs.

 
 
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Figure 7.1 Irish MNEs abroad and foreign MNEs in Ireland, 2014

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  • In 2014, Irish multinationals employed almost 308,000 persons in Foreign affiliates. These affiliates generated Turnover of €99.3 billion.  
  • By contrast, Foreign multinationals employed just over 316,300 persons in affiliates in Ireland. These affiliates generated Turnover of €242.8 billion. 

 

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  • The Distribution and Manufacturing sectors each accounted for around 43% of employment in Irish affilliates abroad in 2014.
  • Employment in Services represented around 13% of employment abroad in Irish affiliates, with negligible employment levels in other sectors. 
X-axis labelPersons engaged
Construction (F)0.3
Other industrial (B,D,E)1.4
Services (inc. Finance)12.9
Manufacturing (C)42.5
Distribution (G)42.9
  • Most Turnover for Irish affiliates abroad came from the Distribution sector, at 35.1% of the total and Services at 32.9%.
  • The Manufacturing sector accounted for a significant share of total Turnover, at 29.9%, of Irish affiliates abroad. 
X-axis labelTurnover
Construction (F)0.7
Other Industrial (B,D,E)1.4
Manufacturing (C)29.9
Services (incl. Finance)32.9
Distribution (G)35.1
Turnover
Construction745
Other Industrial316
Services (incl. Finance)824.2
Distribution263.9
Manufacturing226.9
All sectors322.5
  • Irish affiliates abroad in the Services sector recorded the highest turnover per person engaged at €824,200.
  • The Manufacturing sector reported the lowest turnover per person engaged for Irish affiliates abroad at €226,900.
Persons engaged
United Kingdom86180
United States100252
Germany14576
Netherlands12290
France10605
Poland5625
Belgium4869
Spain2840
Canada4632
Italy3332
Other countries62798
Turnover
United Kingdom37.6
United States27.2
Netherlands3.8
Germany4.5
France2.5
Spain1.2
Austria1.2
Belgium1.3
Poland 0.9
Australia2.6
Other countries16.7
  • The United Kingdom and the United States dominated employment and Turnover as locations for Irish-owned affiliates abroad, when combined they represented between 60-65% of total employment and Turnover.
  • Of the total of 308,000 persons engaged in Irish affiliates abroad, over 100,000 were in the United States affiliates which had a Turnover of €27.2bn.
  • The United Kingdom based Irish affiliates employed almost 86,200 people and generated €37.6bn in Turnover.
  • Germany, the Netherlands and France also made a significant contribution to the total Turnover and employment of Irish-owned affiliates. 
X-axis label%
Irish0.7
Dutch4.8
Italian6.7
Other18.8
German18.3
French22.3
British28.3
  • There were 115,000 persons employed in Irish-owned affiliates outside the EU in 2013, compared to almost 146,700 in foreign affiliates within the EU.
  • Irish-owned enterprises employed 0.7% of the 15.4 million persons engaged in European-owned affiliates outside the EU.
  • British-owned enterprises generated 28.3% of all employment outside the EU by EU-owned multinationals.  
  • French and German owned enterprises accounted for 22.3% and 18.3% respectively, of employment by EU multinationals outside the EU. 
Nationality
Irish 68.9
British66.7
French59.4
German42
Italian38
0
EU28 average55.9
  • Services dominated employment in European controlled affiliates outside the EU, with 55.9% of total employment in 2013.
  • In Irish controlled affiliates outside the EU, 68.9% of total employment was in Services. 
Show Table: 7.1 Irish-owned foreign affiliate statistics, persons engaged and turnover, 2014

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The Financial and Insurance sector is excluded from this section. Accordingly, all the measures below relate to the non-financial business economy only (which encompasses the broad sectors of Industry, Services, Distribution & Construction).

20082014
Number of enterprises1.3779994309381.51337132133276
Persons engaged20.578141813108724.3379684773275
Turnover41.552382363348152.7215205636528
GVA43.140830628712752.0655663126206
  • Foreign-owned enterprises in 2014, accounted for 52.7% of total Turnover and 52.1% of total GVA in the Irish non-financial business economy.
  • Despite such large contributions to GVA and Turnover, Foreign-owned enterprises accounted for only 1.5% of the total Irish non-financial business economy enterprises in 2014.
  • Out of an overall total of 249,377 enterprises,  3,774 Foreign-owned enterprises accounted for 24.3% of persons engaged in the Irish non-financial business economy in 2014.
  • In 2014, the contribution of Foreign-owned enterprises to the Irish business economy had risen in the previous few years, from 43.1% of total GVA in 2008 to 52.1%.

 

20082014
Number of enterprises3.390786587276723.55822270715888
Persons engaged38.88215616777239.2101450996224
Turnover67.296018714286972.9178123487578
GVA69.184620041919172.5568414991413
  • The Industry sector in particular, was dominated by Foreign-owned enterprises in 2014, with 72.9% of total Turnover and 72.6% of total GVA.
  • The 587 Foreign-owned enterprises in Industry, 3.6% of the Industry total, accounted for 39.2% or 82,555 of the persons engaged in this sector.
20082014
Number of enterprises3.396954454626893.30188679245283
Persons engaged42.248345460528742.1164840024004
Turnover72.544955363046176.6558129084763
GVA75.7654613756279.6350648715962
  • Manufacturing was dominated by the 483 Foreign-owned enterprises operating here and accounted for 80,007 persons engaged and 79.6% of total Manufacturing GVA in 2014.

 

20082014
Number of enterprises2.039624518752432.18334867815336
Persons engaged20.872241709779625.6101832776237
Turnover30.484593018097738.5997120651548
GVA33.681921642624540.6535992033869
  • For the Distribution sector, 996 Foreign-owned enterprises employed 86,272 persons and contributed 40.7% of total GVA.

 

20082014
Number of enterprises1.441599329993641.45947839014245
Persons engaged18.642246869109421.6401860921417
Turnover40.938928256909352.3404857239385
GVA33.387309610633244.7896553579889
  • For Services 2,042 Foreign-owned enterprises employed 141,173 persons and accounted for 44.8% of GVA in 2014.
  • There was a marked rise in the GVA contribution from Foreign-owned enterprises to the Services sector, rising from 33.4% of total GVA in 2008 to 44.8% in 2014.
Gross Value Added
Hungary52.6560460058995
Ireland52.0655663126206
Luxembourg47.0446343165298
Romania43.8998061214077
Slovakia43.5938631426502
Czech Republic42.3345809838036
Bulgaria33.0467225809047
Latvia31.0616951034531
Netherlands27.299669154386
Norway27.128211102697
Lithuania26.4974995878441
Estonia26.417631463503
Slovenia24.0906544271338
EU28 (2013)23.9330149620067
Malta22.6041691654473
Portugal22.3957087456055
Germany21.8728249128496
Denmark21.2845073517582
Bosnia and Herzegovina16.8289208120622
France16.0079238635722
Italy14.7151796387447
Greece12.010893047556
  • Ireland rated highly in Gross Value Added contributions from Foreign-owned enterprises to the overall non-financial business economy in 2014, at 52.1% of total GVA. This is in comparison to an EU average of 23.9% in 2013.
  • Other high ranking countries for the impact of Foreign-owned enterprises included Hungary (52.7%) and Luxembourg (47.0%). Larger economies like Germany (21.9%) and France (16.0%) had lower shares.
Show Table: 7.2 Structural business statistics by sector and nationality of ownership, 2014

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