|GVA at constant (2015) basic prices for sectors dominated by Foreign-owned MNEs and Other Sectors|
|Amount €m||Amount €m||% Change|
|Foreign-owned MNE dominated||97,608||102,346||4.9|
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)