Detailed breakdown of economic transactions
The Supply and Use and Input-Output Tables provide a detailed picture of the transactions of goods and services in the economy. The regular quarterly and annual national accounts publications highlight the total value added generated in the economy, the income flows into and out of the country and detailed breakdowns of central and local government spending. The Input-Output Tables on the other hand highlight the inter-industry transactions that lie behind the national accounts main aggregates.
Contributions to GDP
The sectors with the largest contributions to Gross Value Added (GVA) were manufacture of chemical products (€7.8 bl), construction (€5.5 bl.) and business services (€9.6 bl.). For the chemical products and business services sectors, profits (or net operating surplus) accounted for eighty four per cent and fifty five per cent respectively of the gross value added whereas in the construction industry they accounted for forty six per cent.
The sectors which contributed most in terms of compensation of employees were health and social work (€3.0 bl), education (€2.9 bl), construction (€2.9 bl), public administration and defence (€2.8 bl) and business services (€2.4 bl).
The manufacturers of office machinery and equipment imported over eighty five per cent of their intermediate consumption while electrical machinery manufacturers imported over seventy per cent of their current purchases. The construction industry on the other hand imported just over twenty five per cent of their inputs while the food and beverages producers imported roughly thirty per cent of their inputs. Some of the main service industries (e.g. financial intermediation, insurance and pension services, education etc.) also had very low purchases of imported products.
Various Input-Output technical coefficients are shown culminating in the direct and indirect multipliers for value added. These multipliers show the effect on the domestic economy of an extra euro of final demand for the home production of the products and services. Ten product groups had value added multipliers of value 0.8 or larger and the largest of these were
0.920 for services auxiliary to financial intermediation
0.913 for education
0.867 for health and social work
0.853 for business services
0.834 for insurance and pension services
These high multipliers reflect the low imports used by these services as a consequence of which most of the money given for the additional production of the services would stay within the country.
The publication can be purchased from:
The Central Statistics Office, Information Section, Skehard Road, Cork.
The Government Publications Sales Office, Sun Alliance House, Molesworth Street,
Copies can be downloaded from the CSO website http://www.cso.ie/newsevents/documents/inputoutput.pdf(PDF 284KB)
For further information contact:
Paddy Mc Donald on 01-498 4320 or Patrick Quill on 01-498 4322;
8 October 2004
- ENDS -