FDI into Ireland up €26bn in 2022 as fears over future global investment set in

Irish investment abroad decreased by €190bn with most of that coming from a downturn in European investment

Irish firms invested €399 million in Russia in 2022. Picture: Getty

Foreign Direct Investment (FDI) into Ireland rose to the tune of €26 billion in 2022, with the country taking in €1,284 billion, new figures from the Central Statistics Office (CSO) show.

The growth primarily came from increased pharmaceutical manufacturing investment from the US, with the pharma sector growing €31 billion.

Investment in the services sector - the largest monetarily, at 58 per cent of FDI - decreased to €749 billion, although not enough to offset ...