| GVA at constant (2013) basic prices for sectors dominated by Foreign-owned MNEs and Other sectors | |||||
| 2013 | 2014 | ||||
| Amount €m | Amount €m | % change | |||
| Foreign-owned MNE dominated | 41,117 | 42,785 | 4.1 | ||
| Other | 122,358 | 128,710 | 5.2 | ||
| Total | 163,474 | 171,495 | 4.9 | ||
Gross Value Added (GVA) at constant (2013) basic prices for the non-MNE dominated sectors of the economy increased by 5.2 per cent between 2013 and 2014. The sectors where foreign-owned multinational enterprises are dominant grew by 4.1 per cent over the same period, resulting in an overall growth rate of 4.9 per cent. Consequently GVA for each of the two sectors exceed their previous peaks which occurred in 2007 for the non-MNE sectors combined and in 2010 for the MNE dominated sectors.
Of the larger non-MNE sectors, growth was positive in the Wholesale & Retail sector incl the sale and repair of motor vehicles (+6.3 per cent), Real Estate (+9.5 per cent), the combined AgriFood sector, (+10.9 per cent) and Administrative and support service activities (+23.2 per cent).
Viewed over the period from 2008, the share of total GVA at constant prices accounted for by the foreign-owned MNE dominated sectors rose to a peak of 27.2% in 2010, settling back to a steady 25% over the years 2012 to 2014.
|
The composition of the sectors dominated by foreign-owned multinational enterprises in terms of constituent Nace Rev 2 codes is given in Table 3 of this release. For data at the more detailed 37 sectoral breakdown level, please refer to Tables 25 and 26 of the National Income & Expenditure 2014 publication issued in October 2015. For information on chain linking see pages 1, 2, 3, 8, 22 and 26 of the National Income and Expenditure Annual Results 2014 Methodology Note (PDF 210KB)
|
| Table 1 Gross Value Added at Current Basic Prices | € million | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | |
| Foreign-owned MNE dominated | 37,691 | 38,324 | 43,861 | 42,199 | 41,117 | 41,741 |
| Other | 116,491 | 112,633 | 115,221 | 117,392 | 122,358 | 129,866 |
| Total | 154,182 | 150,957 | 159,082 | 159,591 | 163,474 | 171,607 |
| Annual Percentage Changes | ||||||
| Foreign-owned MNE dominated | 10.4% | 1.7% | 14.4% | -3.8% | -2.6% | 1.5% |
| Other | -13.1% | -3.3% | 2.3% | 1.9% | 4.2% | 6.1% |
| Total | -8.4% | -2.1% | 5.4% | 0.3% | 2.4% | 5.0% |
| Table 2 Gross Value Added at Constant Basic Prices (Chain-linked annually and referenced to year 2013) | € million | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | |
| Foreign-owned MNE dominated | 39,211 | 42,261 | 41,249 | 40,470 | 41,117 | 42,785 |
| Other | 115,967 | 113,328 | 119,098 | 120,602 | 122,358 | 128,710 |
| Total | 155,194 | 155,476 | 160,437 | 161,069 | 163,474 | 171,495 |
| Annual Percentage Changes | ||||||
| Foreign-owned MNE dominated | 3.8% | 7.8% | -2.4% | -1.9% | 1.6% | 4.1% |
| Other | -5.5% | -2.3% | 5.1% | 1.3% | 1.5% | 5.2% |
| Total | -3.6% | 0.2% | 3.2% | 0.4% | 1.5% | 4.9% |
Show Table 3 Composition of Foreign-owned multinational enterprise dominated sector and Other sector
| Table 3 Composition of Foreign-owned multinational enterprise dominated sector and Other sector* | |||||||||||||||
| Description | Nace code | Percentage of 2014 GVA at constant basic prices | |||||||||||||
| Chemicals and chemical products, basic pharmaceutical products and pharmaceutical preparations | 20-21 | 8.7% | |||||||||||||
| Software and communications sectors | 58-63 | 11.6% | |||||||||||||
| Other NACE sectors dominated by Foreign-owned MNEs | 18.2, 26, 27 and 32.5 | 4.6% | |||||||||||||
| (Reproduction of recorded media, Computer, electronic and optical products, Electrical equipment, Medical and dental instruments and supplies) | |||||||||||||||
| Foreign-owned MNE dominated Total | 24.9% | ||||||||||||||
| “Other” Sector | 75.1% | ||||||||||||||
| The "Other" Sector includes all Nace sectors excluding those | |||||||||||||||
| listed as part of the Foreign-owned MNE dominated sector above | |||||||||||||||
| and includes Wholesale & Retail sector incl the sale and repair of motor | |||||||||||||||
| vehicles, Real Estate, the combined AgriFood sector and Administrative and | |||||||||||||||
| support service activities | |||||||||||||||
| * Foreign owned Multinational Enterprise (MNE) dominated sectors occur where MNE turnover on average exceeds 85% of the sector total. | |||||||||||||||
Background Notes
Gross Value Added at Constant Basic Prices Nace Rev 2
This release provides gross value added at current basic prices and constant basic prices (chain linked and referenced to 2013) for the economy divided into two sectors, namely
(a) the economic sectors dominated by Foreign-owned Multi National Enterprises and
(b) all other remaining sectors.
It also provides data concerning the composition of the Foreign-owned multinational dominated sector.
Gross value added at basic prices is measured as the difference between output at basic prices and intermediate consumption at purchasers’ prices
The sectoral data underlying the aggregates in the release are the same as those used for National Income & Expenditure (NIE 2014) Table 4, which gives a breakdown of the economy by five principal economic sectors (1. Agriculture, Forestry & Fishing, 2. Industry, 3. Distribution, Transport Software & Communications, 4. Public administration & defence, and 5. Other Services) and NIE Table 26 which illustrates a 37 sector breakdown of the Irish economy. The valuation used in Table 26 is “constant basic prices”. The valuation is at “constant factor cost” in Table 4.
National accounts are compiled in the EU according to the European System of National and Regional Accounts (ESA) framework. In 2014, the new ESA 2010 framework replaced the ESA 95 version and all EU member states were required to adopt ESA 2010 by September 2014. ESA 2010 is the European version of the current UN mandated international standards for national accounts statistics, the System of National Accounts (SNA) 2008. The results for all years in this release are published on an ESA 2010 basis.
Nace classification
In compliance with EU regulations the contents of the sectors in this release conform to the Nace Rev. 2 system which corresponds with the UN International Standard Industrial Classification (ISIC Rev 4).
In table 3, the following is the correspondence with the relevant NIE and Nace Rev. 2 sectors:
|
NIE Sectors |
Nace 2 Sections |
Foreign-owned |
Other |
|
Agriculture, forestry and fishing |
Section A |
|
01-03 |
|
Industry |
Sections B to F |
18.2, 26, 27 and 32.5 |
05-18.1, |
|
Distribution, transport, software & communications |
Sections G to J |
58-63 |
45-56 |
|
Public Administration and Defence |
Section O |
|
84 |
|
Other Services |
Sections K to N and P to U |
|
64-82 and 85-99 |
For further information on the Nace Rev. 2 classification of industrial activity, visit the CSO website:
http://www.cso.ie/en/surveysandmethodology/classifications/classificationofindustrialactivity.
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