FDI projects dropped in Ireland for 2023 [Video]

Ireland attracted 100 Foreign Direct Investment (FDI) projects in 2023, placing it 11^th on the European league table of the most attractive investment destinations, down from 10^th place in 2022.

The latest EY European Attractiveness Survey, published today, further reports that Dublin ranks 7^th in Europe in terms of best city for attracting FDI over the coming 3 years (behind London, Paris, Zurich, Munich, Barcelona and Frankfurt).

Slow economic growth, high inflation, energy-related challenges and a volatile geopolitical environment has caused the first downturn in European FDI since 2020.

Europe as a whole experienced a 4% year-on-year decline with a total of 5,694 projects recorded in 2023.

This was the continent’s lowest FDI total since 2020 and was 11% lower than its pre-pandemic level (6,412) and 14% lower than 2017 (6,653).

2017 represented Europe’s peak for projects in the last decade.

France was Europe’s largest recipient of inward investment, recording 1,194 projects in 2023 while Germany recorded 733 projects …