The data has been illustrated in an interactive scatter plot comparing both "Tech Investment" and "Income from Tech" that the US received in the following URL.
Tech Investment, $B
Income from Tech Investment, $B
All data was taken from the “Direct Investment by Country and Industry” series by the US Bureau of Economic Analysis. Data only covers countries that were explicitly covered in the data and excludes aggregated totals for groups of countries, e.g. “Other Europe”.
"“Tech Investment” was calculated as the total US direct investment position on a historical-cost basis in two industries: “Manufacturing of Computer & Electronic Products” - a subset of Manufacturing - and “Information”, which includes software publishers and data-related activities."
“Income from Tech Investment” was taken as a total “Direct Investment Income Without Current-Cost Adjustment” for the same two industries.
ROI was calculated as Income from Tech Investment divided by Tech Investment, as per the guidelines laid out in the “Return on FDI” publication by the Irish Central Statistics Office, and expressed as a %.
All figures represent known amounts of investment and income, excluding the amounts that might have been suppressed by the Bureau of Economic Analysis to avoid disclosure of data or the amounts that round to "0". All figures appear in billions USD and cover the year 2017, latest available.
1 - Long established sector
IBM was the first tech giant to land in Ireland in 1956. Microsoft and Intel came in the 1980s with many more of the biggest names coming in the 1990s and 2000s.
2 – Young, highly qualified workforce
The WEF Global Competitiveness Report for 2016-2017 and the IMD Competitiveness Yearbook for 2017 rank Ireland in the top 10 globally for the quality of the education system.
At present, 30% of students in third level institutions are taking courses in science, technology, engineering and maths (STEM).
3 – EU Membership
One huge advantage to setting up in Ireland is the free trade agreements that comes with our membership to the European Union (EU). This gives companies access to over 500 million potential consumers.
4 - Research, development and innovation
Ireland has several initiatives that help company develop and protect research, development and innovation activities. These include tax credits, intellectual property development tax incentives and centres of excellence.
The Irish corporate tax rate of 12.5% is usually one of the first benefits of moving to Ireland people will mention. In addition to the favourable rate Ireland has an extensive tax treaty network with 78 countries including Australia, Canada, China, Republic of Korea, Mexico, Japan, Russia, Saudi Arabia, United Kingdom and of course the European Union. These treaties help secure a reduction or, in some cases, a total elimination of withholding tax on dividends, royalties and interest.
Notes to the Editors
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