The impact of multinationals’ transfers on Irish GDP[L’effet des transferts des multinationales sur le PIB Irlandais]

The authors belonged to the Economic Studies and National Accounts Directorate at Insee when they wrote the article from which this blog post is derived. The authors would like to thank D. Blanchet for his helpful comments when writing the article. They remain solely responsible for any errors and omissions. Irish GDP growth over the recent period has been strongly influenced by transfers from US multinationals. These transactions have increased since 2015. Changes in Irish GDP and its components now reflect multinationals’ choice of location in addition to cyclical fluctuations. La croissance du PIB irlandais sur la période récente est fortement influencée par les transferts de multinationales américaines. Ces opérations se sont intensifiées depuis 2015. Les évolutions du PIB irlandais et de ses composantes ne reflètent plus seulement les fluctuations conjoncturelles mais aussi les choix de localisation d’activité des multinationales.