The Irish Economy supplied €1,164 billion worth of goods and services in 2020.
Domestic production accounted for €718 billion (62%) of the products supplied in 2020 while €426 billion (37%) was made up of Imports.
Exports made up €497 billion (43%) of the total amount of products used in 2020.
Industries used €362 billion (31%) of total supply for further production (intermediate consumption) in 2020.
Consumption by households, government, and Non-Profit Insitutions Serving Households (NPISH) accounted for €142 billion (12%) of total supply in 2020.
Investment, known as Capital Formation, was worth €158 billion (14%) of total use in 2020, €113 billion (71%) of this was made up of Research and Development products.
Statistician's Comment
The Central Statistics Office (CSO) has today (04 December 2023) released the Supply and Use and Input-Output Tables for Ireland 2020.
Commenting on the release, Becky Mangan, Statistician, said:
“At a high level in the Supply Table, we saw a total of €1,164 billion worth of products supplied in the Irish economy in 2020. Of this, €718 billion was domestic production, €426 billion was imported, and the rest was made up of taxes and subsidies. However, the percentage shares of domestic production and imports varied widely across product categories. For example, €10 billion (75%) of Agriculture, Forestry & Fishing Products were domestically produced in 2020, and €2 billion (14%) were imported. On the flipside, €19 billion (83%) of Motor Vehicles & Other Transport Equipment were imported, and only €800 million (4%) were domestically produced. Domestic production was heavily concentrated in the manufacture of Pharmaceutical, Computer & Electronic Products, as well as Information & Communication Services. Together these products accounted for €321 billion (45%) of total domestic supply.
Exports made up the largest share of total uses in the Irish economy in 2020, at €497 billion, but again, there were large variations depending on the product category. For example, Pharmaceutical, Computer & Electronic Products, mentioned above, were largely exported, to the tune of €151 billion (80%). However, only €1 billion (9%) of Agriculture, Forestry & Fishing Products were exported, the rest were consumed either for further production within the economy or by households and the government. There were other products that were used almost entirely by other industries for further production. An example of this was Advertising & Market Research Services, where €9 billion (99%) of the total supply was consumed by other industries. Then there were products which were almost entirely consumed by final users, households, the government, and NPISH. Together these sectors consumed €142 billion (12%) worth of all goods and services, and this consumption was largely concentrated in Education and Human Health Services, worth €26 billion (92%) of total use, and Real Estate Activities, worth €23 billion (83%) of total use.”