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Nearly one million people employed by Irish-owned companies abroad in 2018



Nearly one million people employed by Irish-owned companies abroad in 2018

Nearly one million people were employed by Irish-owned companies abroad in 2018, according to the latest figures released by the country’s Central Statistics Office (CSO) on Thursday.

The total number of people employed by Irish-owned companies abroad stood at 998,101 in 2018, an increase of over 24,000 or 2.5 percent over 2017, said the CSO in a press release, adding that Irish-owned companies refer to those in which the Irish side has a 51-percent shareholding or greater.

The employment numbers of Irish-owned companies in other countries witnessed a consistent rise over the three-year period from 2016 to 2018 with the 2016 figure standing at 932,169 persons, showed the CSO figures.

Of all the employees working for Irish-owned companies abroad in 2018, the United States accounted for 22 percent with 219,113 people employed, followed by Britain and China with 118,094 people and 38,488 people, respectively.

In 2018, the combined turnover of Irish-owned companies based in other countries and regions was 232 billion euros (about 273 billion United States dollars), of which about 88.6 billion euros or 38 percent were contributed by those based in the United States, followed by Britain (about 44.6 billion euros or 19 percent) and Germany (about 10.2 billion euros or 4.4 percent).

The total turnover of Irish-owned companies in China was over 4.1 billion euros in 2018, up 5.6 percent over 2017, showed the CSO figures.

In 2018, China ranked ninth in terms of its contribution to the combined turnover of Irish-owned companies in foreign countries, according to the CSO. (1 euro = 1.18 United States dollars)


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