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CSO statistical release, 10 August 2017, 11am

Gross Value Added for Foreign-owned Multinational Enterprises and Other Sectors Annual Results

2016

GVA at constant (2015) basic prices for sectors dominated by Foreign-owned MNEs and Other Sectors
 20152016 
Amount €mAmount €m% Change
Foreign-owned MNE dominated97,608102,3464.9
Other 145,694153,4535.3
Total243,302255,7985.1

Multinationals and non-MNE dominated sectors both show positive growth in 2016

GVA at constant (2015) basic prices for foreign-owned MNE dominated and other sectors
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Gross Value Added (GVA) at constant (2015) basic prices for the non-MNE dominated sectors of the economy increased by 5.3 per cent between 2015 and 2016.  The sectors where foreign-owned multinational enterprises are dominant grew by 4.9 per cent over the same period, resulting in an overall growth rate of 5.1 per cent. 

GVA for the non-MNE dominated sectors in 2016 was 15.7 per cent higher than the equivalent 2007 level.

GVA for the total economy exceeded €250 billion for the first time in the 2016 reference period, with GVA for MNEs exceeding €100 billion while GVA for the non-MNE dominated sectors exceeded €150 billion.

Of the larger non-MNE sectors, growth was positive in the Wholesale & Retail sector incl. the sale and repair of motor vehicles (+6.0 per cent), Administrative and support service activities (+5.3 per cent), Construction (+15.1 per cent) and the Accommodation and food services sector (+5.5 per cent).  There was a slight decline in the Manufacture of Food, beverages and tobacco products sector (-0.3 per cent).

The share of total GVA at constant prices accounted for by the foreign-owned MNE dominated sectors now stands at 38.6 per cent, a slight decline from the peak of 40.1 per cent in 2015.

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 21 and 22 of the National Income & Expenditure 2016 publication issued in August 2017 National Income & Expenditure 2016 publication. For information on chain linking see pages 1, 2, 3, 8, 9, 12, 13, 18 and 22 of NIE 2016 Methodology Note (PDF 680KB)


The data tables contained in this report as well as data for earlier years can be downloaded from the StatBank database service on the CSO Website.