Ireland still favoured for foreign investment

Ireland remains one of the most successful EU states at attracting foreign investment, with direct inward investment flows representing 6% of GDP in 2004, according to a major new report from the Central Statistics Office.

The rate of investment was more than five times the corresponding Eurozone 12 figure of 1.1% of GDP. However, the 2004 figure was substantially lower than the 14.5% recorded for Ireland in 2003.