Multinationals producing five times more than Irish-owned firms, figures indicate

It has been suggested that some of the manufacturing output by large multinationals in other countries has been included in these Irish productivity figures.

Activity was largely driven by the pharmaceutical sector, among other big players such as technology companies.

Multinationals boosted Ireland’s economy during the pandemic as foreign-owned firms were five times more productive than domestic companies in 2021, according to figures from the Central Statistics Office (CSO).

This activity was largely driven by the pharmaceutical sector, among other big players such as technology companies, which ramped up productivity in the covid years by making and exporting vaccines, among other essential equipment and medicine.