Multinational reliance sees Ireland's GDP climb 130% above EU average

New figures confirm that large multinationals have once again helped drive a huge expansion of the Irish economy in 2022

Ireland was second to Luxembourg which exceeded the EU average GDP by 161%. Pic: Larry Cummins

Ireland's reliance on large multinational intellectual property has resulted in GDP for 2022 exceeding the EU average by over 130%.

Preliminary figures released by statistics agency, Eurostat reported Ireland as having the second-highest GDP in the EU last year, which, along with Luxembourg has far outpaced all other EU countries.