Annual Report 2007

Statistics

This section gives comprehensive data in relation to IDA activities and also updates historic data to enable year-on-year comparisons. It details the impact of IDA supported companies on the economy, the cost per job created and sustained and also provides the updated employment data for comparison with previous years, by sector and region.

Indicator
2007 Value
No. of Greenfield Projects
30
No. of Expansion Projects
39
Capital Investment in Approved Projects
€2.3bn
Average Salary in New Investments
€44,000
Annual Corporate Tax Payments of IDA Client Companies
€3bn (est)
No. of Approved Research, Development and Innovation Projects by IDA Client Companies
45
Employment Creation (New Jobs)
9,216
IDA supported/initiated Industry-Academia R&D Collaborations
10
No. of IDA Client Companies investing more than €250,000 per annum on R&D
222
No. of IDA Client Companies with significant corporate R&D mandate
165

 

Economic Impact of IDA Supported Companies
€ billion 2004 € billion 2005 € billion 2006 % Change 2005-2006
Sales 78.302 90.112 95.136 5.6%
Exports 74.357 85.855 90.841 5.8%
Direct Expenditure in the Economy 15.594 14.678 15.873 8.1%
of which:
Payroll Costs 5.732 5.982 6.734 12.6%
Irish Materials 3.69 3.223 3.425 6.3%
Irish Services 6.172 5.473 5.714 4.4%
Direct Expenditure as % of Sales 19.9% 16.3% 16.7% -

Source: Based on the Annual Business Survey of Economic Impact, co-ordinated by Forfás and administered by Insight Statistical Consulting / Economic and Social Research Institute (ESRI).

Note 1: The Survey is based on manufacturing and internationally traded services companies with 10 or more employees (excluding regulated financial services companies).

Note 2: Results are based on companies responding to the survey in 2007 (grossed-up to reflect non-respondents). Results can vary from previous estimates due to revisions made by companies and differences in the base of respondents from one survey period to the next.

 

New Jobs by Sector in ICA Supported Companies
Sector 2003 2004 2005 2006 2007
Phamaceuticals & Healthcare 1532 1478 1157 808 1123
Information & Communications Technologies (ICT) 2450 2847 3180 3363 1958
Engineering 580 503 418 377 314
Miscellaneous Industry 336 159 413 359 214
International & Financial Services 4519 6027 6988 7266 5607
Total 9417 11014 12156 12173 9216

Source: Forfás Annual Employment Survey 2007.

Note: Sectors are defined by NACE code, which is the standard statistical classification of economic activities in the EU.

 

Cost per Job Sustained
Constant 2007 pirices
Euro 1992/1998 1993/1999 1994/2000 1995/2001 1996/2002 1997/2003 1998/2004 1999/2005 2000/2006 2001/2007
IDA Ireland (€) 20266 17855 16618 16549 18804 18483 16408 14432 13097 12577

Source: Forfás Annual Employment Survey 2007.

Note: The cost per job sustained is calculated by taking into account all IDA Ireland expenditure to all firms in the period of calculation. Only jobs created during and sustained to the end of each seven-year period are credited in the calculations.

 

Origin of IDA Supported Companies
Origin No. Companies 2007 Permarent Employment 2007
United States 474 95271
Germany 113 10137
United Kingdom 108 7047
France 41 2611
REST OF EUROPE 169 14750
Japan 28 2670
REST OF ASIA PACIFIC 13 402
REST OF WORLD 48 3506
Total 994 136394

 

Total Employment by Region in IDA Supported Companies
Area/ Region 2003 2004 2005 2006 2007 % change 2006/2007
BORDER
North-West/Donegal 5916 5998 5709 5107 4911 -3.8%
North-East 3717 3628 3518 3486 3562 2.2%
WEST & MID-WEST
West 12032 12026 12017 12806 12589 -1.7%
Mid-West 10123 10069 10366 10810 10509 -2.8%
MIDLANDS & EAST
Midlands 4976 4903 5413 5402 5368 -0.6%
East 60046 60653 62142 65312 65223 -0.1%
SOUTH
South-West 20481 20865 21206 22030 21952 -0.4%
South-East 11234 11140 11040 11588 12280 6.0%
Total - IDA Ireland 128,525 129282 132411 136541 136394 -0.1%

Source: Forfás Annual Employment Survey 2007.

 

Employment in IDA Supported Companies
Employment Data 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
New Jobs Filled 16002 17698 22593 12875 10537 9417 11014 12156 12173 9216
Number of Companies 1150 1256 1252 1180 1102 1070 1033 1023 1007 994
Full-time Employment 117959 126552 140954 136387 131771 128525 129282 132411 136541 136394
Net Change in Full-time Employment 9090 8563 14432 -4567 -4616 -3246 757 3129 4130 -147
% Net Charge 8.4% 7.3% 11.4% -3.2% -3.4% -2.5% 0.6% 2.4% 3.1% -0.1%
Job Losses -6912 -9135 -8161 -17442 -15153 -12663 -10257 -9027 -8043 -9363
Job Losses as % Total -5.9% -7.2% -5.8% -12.8% -11.5% -9.9% -7.9% -6.8% -5.9% -6.9%
Other Employment (1) 15131 15563 14669 11919 12338 14690 17064 17516 17064 16037
Total Employment (2) 133090 142085 155623 148306 144109 143215 146346 149927 153605 152431

Source: Forfás Annual Employment Survey 2007.

Note (1): Other employment includes Part-Time, Temporary and Short-Term Contract employees.

Note (2): Agency Workers are not currently included in this data.

 

Total Employment by Sector
Sector 2003 2004 2005 2006 2007 % Change 2006/2007
Pharmaceuticals & Healthcare 19645 20349 20499 20443 20840 1.9%
Information & Communications Technologies (ICT) 40903 41580 42676 43748 43562 0.4%
Engineering 15353 13991 13596 13019 11034 -15.2%
Miscellaneous Industry 9237 8203 8094 7560 7289 -3.6%
International & Financial Services 43387 45159 47546 51771 53669 3.7%
Total 128525 129282 132411 136541 136394 -0.1%

Source: Forfás Annual Employment Survey 2007.

Note: Sectors are defined by NACE code, which is the standard statistical classification of economic activities in the EU.