|Turnover and number of persons engaged in Irish-owned foreign affiliates, 2015 - 2017|
|Turnover (€millions)||%||Number of persons engaged||%|
|1 Outward Foreign Affiliates Statistics were revised for 2016|
In 2017, Irish multinationals abroad had turnover in excess of €228 billion, with US and UK affiliates accounting for 57.1% of this. There were almost 974,000 persons employed in Irish multinationals abroad, 34.7% of whom were in the US and the UK. Turnover in Irish affiliates in the UK increased by 1.1% from 2016 to 2017, while employment increased by 2,034 or 1.9%.
Comparing 2017 to 2015, employment in Irish affiliates in the US rose by over 60,500 or a 36.1% increase, while turnover increased by 51.9%. There was also a rise on 2015 levels in employment for the UK with an increase of 4.8% while turnover dropped by 5.3%. 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 Foreign Affiliates Statistics (FATS) (PDF 228KB)