The number of people employed by multinational companies in the country hit an all-time high of 275,000 in 2021.
Jobs in these firms are now up 10% on pre-pandemic levels, particularly big technology and drugs companies attracted in part by a low corporate tax rate – and now accounts for a tenth of the workforce.
The net increase in employment from the sector almost doubled to 16,800 in 2021, with 249 new investments, the country’s foreign direct investment agency IDA Ireland said.
Chief Martin Shanahan said: “FDI in Ireland has come through the pandemic relatively unscathed.”
He told a press briefing he did not expect the flow of jobs to slow in the wake of Ireland’s decision in October to end its opposition to an overhaul of global corporate tax rules.
Dublin agreed to give up its prized 12.5% tax for large multinationals for a common minimum rate of 15%, although its implementation could be years away.
Mr Shanahan said the stability resulting from the move meant it would not have a significant impact on FDI flows, adding that it was an “open question” whether it would be implemented.
Tanaiste Leo Varadkar added the multinational sector had helped to sustain the economy while others, most notably hospitality, struggled during the pandemic.
He said: “I think this demonstrates the strength of our economy and the fortitude of our people. Despite immense challenges, we continue to maintain our reputation as an excellent place to invent.
“This is a testament to the talent of our workforce and our overall offering as a country.”
Ireland’s gross domestic product grew by 11% in the three months to the end of September compared to the previous year, one of the highest rates of growth in the EU.
Some 106,728 jobs created during 2021 were in the information and communications services sector, up 8.8% year-on-year.
Modern manufacturing accounted for the second largest number of new jobs at 96,319, a rise of 4.3% on 2020.
In addition, over 51,000 roles were created in the business, financial and other services sector.
