Joint Presentation to Joint Committee on Finance, Public Expenditure and Reform by Central Bank of Ireland and Central Statistics Office

Non-Financial Corporate Debt

7 March 2012

Private business sectors (NACE B to N)

Industry, Construction, Distribution and Services (excluding Financial Services)

No Agriculture or Public Services

Small, < 50 persons employed

Medium, 50 to 249 persons employed

Large, 250 + persons employed

Sectoral Coverage and Definitions

Central Statistics Office, Ireland 2

Number of Active Enterprises by Size Class

22%

52%

25%

1%

Micro (<10)

Other Small

Medium

Large

Total Enterprises =

60,000

Central Statistics Office, Ireland 3

Small

Number of Persons Employed by Size Class

2% 3%

18%

38%

39%

< 10 Micro

10 - 19 Small

20 - 49 Small

50 - 249 Medium

250+ Large

Central Statistics Office, Ireland 4

Small

Persons Engaged = 1 million

Turnover by Size Class

2% 2%

15%

31%49%

< 10 Micro

10 - 19 Small

20 - 49 Small

50 - 249 Medium

250+ Large

Central Statistics Office, Ireland 5

Small

Turnover = €314 billionNote: Excludes Financial sector

Gross Value Added by Size Class

3%2%

12%

30%53%

< 10 Micro

10 - 19 Small

20 - 49 Small

50 - 249 Medium

250+ Large

Central Statistics Office, Ireland 6

Small

Gross Value Added = €84 billion

Composition of Debt by Country 2010 % GDP

Central Statistics Office, Ireland 7

Ireland

Spain

Portugal

Italy

Greece

United Kingdom

Germany

United States

0% 100% 200% 300% 400% 500% 600% 700% 800%

124%

82%

94%

45%

62%

98%

60%

87%

222%

134%

128%

82%

65%

109%

49%

72%

259%

76%

55%

76%

7%

219%

87%

40%

85%

71%

79%

111%

132%

81%

83%

80%

Households Non-Financial CorporationsFinancial Corporations Government

Scoreboard for the Surveillance of Macroeconomic Imbalances

Private Sector Debt - threshold of 160% of GDP

Net International Investment Position - threshold of -35% of GDP

Government Debt - threshold of 60% GDP

Central Statistics Office, Ireland 8

Gross Assets, Gross Liabilities and Net Assets by Sector 2010

Central Statistics Office, Ireland 9

House-holds

Govern-ment

Financial corpora-

tions

Non-fi-nancial corpora-

tions

Rest of World

House-holds

Govern-ment

Financial corpora-

tions

Non-fi-nancial corpora-

tions

Rest of World

Assets

311372 71944 3601172 616368 3056565

Liabilities

-194219 -149511 -3604796 -809136 -2898722

Net

117,153 -77,568 -3,624 -192,769 157,842

-3,500,000

-1,500,000

500,000

2,500,000

117,153 -77,568 -3,624 -192,769 157,842

Assets Liabilities Net

Gross External Debt Q4 2010 – Q3 2011IFSC and Non-IFSC

Central Statistics Office, Ireland 10

31 Dec 2010 31 Mar 2011 30 Jun 2011 30 Sep 20110

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

IFSC non-IFSC

NFC Debt and GDP 2001 - 2010

Central Statistics Office, Ireland 11

2001 2002 2003 2004 2005 2006 2007 2008 2009 20100

50000

100000

150000

200000

250000

300000

350000

400000

Loans Securities other than sharesGDP Current Prices

Loan & Debt Securities Liabilities v’s Loan,Deposits & Debt Securities Assets of NFCs

2001-2010

Central Statistics Office, Ireland 12

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010-400,000

-300,000

-200,000

-100,000

-

100,000

200,000

300,000

Loans,Deposits &Debt Securities - assets Loans& Debt Securities LiabilitiesNet

Lenders to Non-Financial Corporations

Central Statistics Office, Ireland 13

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 -

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

NFC Banks Treasury Govt ROW

Central Statistics Office, Ireland

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