By the Blouin News Business staff

FEATURE: Ireland draws massive U.S. FDI

by in Europe.

Source: Rx LINE/flickr

The two firms planning the largest corporate inversion ever. Source: Rx LINE/flickr

A report released on Thursday found that the U.S. has invested almost as much in Ireland as Latin America and China combined. According to the American Chamber of Commerce in Ireland, as of 2014 the total stock of American FDI was $310 billion in Ireland (with $58.1 billion in 2014 alone), whereas in Latin America it was $257 billion and in China it was $66 billion. All told, Ireland was the destination for more than 20% of U.S. FDI to Europe.

With 6.9% GDP growth in 2015, Ireland is the fastest-growing economy in the E.U. That breakneck pace is estimated to slow down some but will still reach 4.5% this year and 3.5% in 2017 – well above the euro zone’s forecast of 1.7% growth in 2016. This is quite the change from the country’s three years of bailouts and reforms under the IMF and E.U. beginning in 2010.

In fact, Ireland ranked #1 out of 109 nations in FDI in the 2016 Global Talent Competitiveness Index, boosted…

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