The two-way US-Ireland trade and investment relationship stands at an all time high, according to a new report by the American Chamber of Commerce Ireland.

Its 2022 US Ireland Business Report highlights an increase in the number of US companies operating in Ireland, which now stands at almost 900.

The number of people directly employed by US multinationals in Ireland has increased to 190,000 up from 180,000 in 2021, with related indirect employment levels increasing to 152,000 from 144,000.

The report also shows that there are over 700 Irish companies operating in the US, creating approximately 100,000 jobs across all 50 states.

Ireland is the ninth biggest source of FDI for the US.

Meanwhile, in a survey of AmCham members conducted in the past week, 95% of respondents said that Ireland will remain an attractive location for US investment, post implementation of the global OECD corporate tax agreement.

Furthermore, 87.5% of respondents, representing US headquartered companies, said the number of employees in their Irish companies had increased in the last 12 months.

"Despite the uncertainty brought about by the pandemic, 2021 marked the highest ever annual employment creation figures by the multinational sector in Ireland," said Catherine Duffy, AmCham President.

"US multinationals accounted for 64% of all FDI in the country last year. These businesses directly employ over 190,000 people and indirectly support over 152,000 jobs in the wider economy. US companies spend on average each year more than €12.3bn on payroll, over €8.8bn on goods and services and invest €6.5bn in capital expenditure," she added.