Mr. Leo Clancy:

Per employee, we have a target around productivity. We want to see the amount of income that the firms are making per employee grow on a year-on-year basis, and that is a target we have set out in our strategy so we will see good growth on an annual basis. However, it is highly variable and it is hard to make any general statement on income. Some firms make no money for many years and that would be their business model. If they are in advanced medical technology that does not come to market until it has US Food and Drug Administration, FDA, approval, for instance, they could be waiting seven or eight years to make any income, whereas some companies are long-standing and have honed business models that are highly profitable, so it is very variable on that front.

What we do have is the total sales of Irish companies. I might ask my colleague, Mr. Sherry, to locate those data and we can certainly comment on that. We also measure the exports of our clients every year. As I mentioned, we are now in the course of surveying clients on the incomes of the companies during 2022. We have seen strong growth. We saw exports grow by, I believe, 12% in 2021, which is a good proxy for how companies are growing their incomes more generally and there is a lot of positivity around that.

We have data on salary bands and I will go to Mr. Sherry shortly on any further data from our annual business review. I have salary data to hand. We have banded the data by industry because, again, it is highly variable across industries, and I will not go through every category. The average salary that we see in dairy and functional foods, one of our food sectors, is €72,000 per employee in 2021; the sub-total for the entire food sector is €49,272; for life sciences, engineering, paper, print, packaging, clean tech and electronics, the average salary is €49,959; for construction, timber and consumer, it is €59,738; and for ICT and international services, it is €59,303. These are good jobs. The average salary across our entire base is €54,389.