**US Firms Invest More in Ireland Than in China, Germany, and France Combined**, AmCham Report Shows

March 15, 2026 — Dublin

US firms invest more in Ireland than in China, Germany, and France combined, with American foreign direct investment (FDI) stock reaching $467 billion (€404 billion) in 2024, according to a new report highlighted by the American Chamber of Commerce Ireland (AmCham Ireland). The figure surpasses US investments in China ($123 billion), Germany ($226 billion), and France ($108 billion), as cited in the report drawing from US Bureau of Economic Analysis (BEA) data.

Ireland ranks as the fifth-largest source of FDI into the US, with nearly $390 billion (€338 billion) invested, per AmCham Ireland and Enterprise Ireland figures.

AmCham Ireland US-Ireland Business Report graphic

Report Highlights

The AmCham Ireland analysis, covered by the Irish Examiner on March 13, 2026, notes nearly 1,000 US foreign affiliates in Ireland generated $625 billion in sales and $150 billion in output. These firms employ about 245,000 people in Ireland, while Irish businesses support over 200,000 jobs in the US.

US firms invest more in Ireland than in China, Germany, and France combined, a point emphasized amid strong transatlantic ties. The BEA’s July 22, 2025, release confirms Ireland’s US FDI position at $466.8 billion, fifth globally behind the UK ($1,024.6 billion), Netherlands ($1,012.0 billion), Luxembourg ($569.6 billion), and Singapore ($467.6 billion).

Ireland’s Central Statistics Office (CSO) reported total FDI stock at €1,089 billion in 2024, with US ultimate ownership at €781 billion, underscoring American dominance despite a €106 billion decline.

Key Quotes

“The numbers speak for themselves: Irish-US bonds are quite strong and are expected to grow stronger in the years ahead.”

— Joseph Quinlan, AmCham Ireland, via Irish Examiner.

“This is not simply a strong trading relationship, it is a deeply embedded, two-way economic partnership that supports high-value jobs, research, innovation and communities on both sides of the Atlantic.”

— Paul Sweetman, AmCham Ireland CEO.

Irish Prime Minister Micheál Martin stated: “Irish investment in the United States has reached historic levels.”

Broader Economic Ties

US firms invest more in Ireland than in China, Germany, and France combined, amplified on AmCham Ireland’s LinkedIn. Ireland led new US investment spending in 2024 at $30.1 billion, with top Irish investors employing over 125,000 Americans.

The Anadolu Agency corroborated Ireland’s fifth-place ranking. US firms invest more in Ireland than in China, Germany, and France combined, positioning Ireland as a key FDI hub.

BEA Direct Investment Positions chart