Foreign Direct Investment (FDI) into Dublin dipped to a new low in Q1 2024.
Based on a rolling 4 quarter average, the average FDI capital investment into Dublin declined by 15% QoQ and 53.4% YoY to $622 million. This was the lowest quarterly value since the series began in Q1 2019 and was partly driven by a slow Q1 2024, where just $338 million was invested.
Total Capital Investment in Dublin ($m), Rolling 4 Quarters, Q4 2019 – Q1 2024
In contrast, based on a rolling 4 quarter average, the number of FDI projects remained stable QoQ in Q1, with an average of 30 projects – while the number of jobs created increased by 4% QoQ to 1,948. However, YoY declines were recorded across both projects (-9.2%) and jobs (-22.6%).
In absolute terms, the number of FDI projects recorded across the 6 European cities analysed declined in Q1 2024, due in part to slowing economic growth across the region. Despite this, FDI per capita based on a rolling 4 quarter average compared favourably in Dublin for the quarter at $540.7, ranking it top of the comparator group.
