Written answers
Thursday, 15 September 2022
Department of Enterprise, Trade and Employment
Job Creation
Paul McAuliffe (Dublin North West, Fianna Fail)
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148. To ask the Minister for Enterprise, Trade and Employment the number of jobs created in financial services over the past two years; and if he will make a statement on the matter. [29751/22]
Leo Varadkar (Dublin West, Fine Gael)
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My Department compiles official statistics on clients of the enterprise development agencies only. For enterprise agency client companies (Enterprise Ireland, IDA Ireland and Údarás na Gaeltachta clients) there was a net increase of 2,815 jobs in the Financial Services Sector between 2019 and 2021. This represents a percentage increase of 8.3% in the two years to 2021. The total number employed in Financial Services in agency client companies in 2021 was 36,829. This number is based on a methodology agreed with the CSO. Table 1 sets out the relevant data.
Table 1: Financial Services employment, enterprise agency clients firms, 2019-2021
| - | 2019 | 2020 | 2021 | Net Change 2019-2021 | % Change 2019-2021 |
|---|---|---|---|---|---|
| Permanent Full Time Jobs | 30,834 | 31,903 | 34,013 | 3,179 | 10.30% |
| Other Jobs | 3,180 | 3,063 | 2,816 | - 364 | -11.40% |
| Total Jobs | 34,014 | 34,966 | 36,829 | 2,815 | 8.30% |
Source: DETE, Annual Employment Survey
Note the Department of Finance Ireland for Finance Action Plan 2022reports a higher figure for employment in Financial Services in Ireland of 52,800 in 2021. The difference arises because there are enterprise agency clients who undertake activities in other NACE sectors such as Business Services, Computer Consultancy and Information and Communications Technology that are classified as financial services and so these figures are counted as Financial Services jobs.
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