|Turnover and number of persons engaged in Irish-owned foreign affiliates, 2016 - 2018|
|Turnover (€millions)||%||Number of persons engaged||%|
|1 Outward Foreign Affiliates Statistics were revised for 2016 and 2017|
In 2018, Irish multinationals abroad had turnover in excess of €232 billion, with US and UK affiliates accounting for 57.3% of this. There were over 998,000 persons employed in Irish multinationals abroad, 33.8% of whom were in the US and the UK.
The turnover in Irish affiliates in the UK increased by 4.5% from 2017 to 2018, while employment increased by 8,994 or 8.2%. The turnover in Irish affiliates in the US decreased by 0.1% with employment also decreasing by 9,320 or 4.1%. Irish affiliates in Germany, France and the Netherlands together account for 11.6% of turnover from Irish multinationals abroad in 2018 and affiliates in these three countries accounted for 76,054 persons employed or 7.6%. 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.
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