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2003
IDA Ireland
Annual Report

Statistics

This section gives comprehensive data in relation to IDA activity and also updates historic data to enable year on year comparisons. It details the impact of IDA supported companies in 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.

EMPLOYMENT IN IDA SUPPORTED COMPANIES

  1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
New Jobs filled 9,961 11,958 13,220 14,685 15,946 17,613 22,994 12,802 11,059 9,182
Number of Companies 908 961 1,037 1,099 1,158 1,266 1,250 1,148 1,102 1,054
Full time Employment 85,597 92,424 99,583 108,231 117,864 126,199 141,125 136,277 132,004 128,993
Net change in full time Employment 4,493 6,827 7,159 9,648 8,633 8,335 14,926 -4,848 -4,273 -3,011
% Net change   8.00% 7.70% 9.70% 7.90% 7.10% 11.80% -3.40% -3.10% -2.30%
Job Losses -5,468 -5,131 -6,061 -5,037 -7,313 -9,278 -8,068 -17,650 -15,332 -12,193
Job Losses as
% of Total Jobs
-6.40% -5.60% -6.10% -4.60% -6.20% -7.40% -5.70% -13.00% -11.60% -9.50%
Other Employment 9,022 11,579 9,488 13,540 15,195 15,665 14,802 12,395 12,362 14,577

Source: Forfás Employment Survey

ECONOMIC IMPACT OF IDA SUPPORTED COMPANIES

  2000 € billion 2001€ billion 2002 € billion % Change
Sales €64.02bn €67.79bn €69.34bn 2.30%
Exports €58.22bn €63.14bn €65.17bn 3.20%
Direct Expenditure in the economy €14.26bn €14.93bn €14.73bn -1.30%
of which:
- Payroll costs €5.04bn €5.44bn €5.34bn -1.80%
- Irish materials €4.28bn €4.51bn €4.38bn -2.90%
- Irish services €4.94bn €4.98bn €5.01bn 0.70%
Direct Expenditure as % of Sales 22.30% 22.00% 21.20%  

Source: Based on the Annual Business Survey of Economic Impact, co-ordinated by Forfás and administered by the Survey Unit of the 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 IFSC companies).

Note 2: Results are based on companies responding to the survey in 2003 (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.

COST PER JOB SUSTAINED IN IDA SUPPORTED COMPANIES

Constant 2003 prices

Chart of cost per job in IDA supported companies. See table below

Year Cost
88/94 €21,306
89/95 €19,587
90/96 €19,036
91/97 €18,558
92/98 €17,733
93/99 €15,623
94/00 €14,541
95/01 €14,480
96/02 €16,453
97/03 €16,173

Source: Forfás Annual Employment Survey 2003

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.

NEW JOBS BY SECTOR IDA supported companies

Sector 1999 2000 2001 2002 2003
Information and Communication Technologies (ICT) 4,744 9,501 3,041 2,689 2,246
Pharmaceuticals and Healthcare 1,566 1,359 1,494 1,520 1,470
Engineering 2,126 1,477 1,094 598 571
Miscellaneous Industry 733 1,048 760 672 314
International and Financial Services 8,444 9,609 6,413 5,580 4,581
Total 17,613 22,994 12,802 11,059 9,182

Source: Forfás Employment Survey

Note 1: New jobs means all new first time jobs and jobs filled in companies recovering their employment levels from cutbacks in previous years.

Note 2: Sectors are defined by NACE code, which is the standard statistical classification of economic activities in the EU.

TOTAL EMPLOYMENT BY SECTOR IDA supported companies

Sector 1999 2000 2001 2002 2003 % change
Information and Communication Technologies (ICT) 45,651 52,624 46,513 43,660 41,459 -5.00%
Pharmaceuticals and Healthcare 17,045 17,856 18,587 18,996 19,463 2.50%
Engineering 17,556 18,118 17,699 16,622 15,435 -7.10%
Miscellaneous Industry 12,153 11,739 10,633 9,964 9,242 -7.30%
International and Financial Services 33,794 40,788 42,845 42,762 43,394 1.50%
Total 126,199 141,125 136,277 132,004 128,993 -2.30%

Source: Forfás Employment Survey

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

“Perhaps because Ireland is a small country, the Irish tend to have a more global and outward-looking perspective than others.”
- Dick Meaney, Business Unit Vice-President, Analog Devices.

TOTAL EMPLOYMENT BY REGION IDA supported companies

Area Region 1999 2000 2001 2002 2003 % change 2002/2003
Border North-West/Donegal 5,591 5,532 5,569 5,816 5,928 1.90%
  North-East 5,193 5,427 4,294 4,229 3,843 -9.10%
West & Mid-West West 11,070 13,005 12,988 11,798 11,874 0.60%
  Mid-West 13,161 14,375 13,745 11,880 11,051 -7.00%
Midlands & East Midlands 5,925 6,046 5,814 5,666 5,183 -8.50%
  East 58,989 67,253 63,238 62,170 60,846 -2.10%
South South-West 16,393 19,644 20,303 19,565 19,363 -1.00%
  South-East 9,877 9,843 10,326 10,880 10,905 0.20%
TOTAL   126,199 141,125 136,277 132,004 128,993 -2.30%

Source: Forfás Employment Survey

ORIGINS OF IDA SUPPORTED COMPANIES – 2003

Origin No. of companies Total employment
US 489 89,158
Germany 149 11,394
UK 118 8,086
Rest of Europe 214 15,602
Asia Pacific 44 2,937
Rest of the World 40 1,816
Total 1,054 128,993

 

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