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. They highlight the inter-industry flows that lie behind the national accounts main aggregates such as operating surplus, wages and salaries and income flows into and out of the country.
Contributions to GDP
The sectors with the largest contributions to Gross Value Added (GVA) in 2000 were the manufacture of chemical products (€11.1 bl, which was twelve per cent of GVA) and construction (€7.0 bl, which was over seven per cent of GVA). Profits (or net operating surplus) accounted for eighty two per cent of the gross value added for the chemical products, whereas in the construction industry they accounted for thirty one per cent.
Wages
The sectors which contributed most in terms of compensation of employees were construction (€4.6 bl), health and social work (€4.2 bl), education (€3.2 bl), public administration and defence (€3.3 bl) and retail trade services (€2.7 bl).
Imports
The import content of manufacturing industries is in general higher than that of service industries. The manufacturers of office machinery and equipment imported over ninety three per cent of their intermediate consumption. Printed matter and recorded media imported eighty six per cent of their inputs. The construction industry and the food and beverages producers imported twenty four per cent and twenty one per cent, respectively, of their intermediate consumption. Retail services, hotel and restaurant services and education were among the branches that had the lowest import content.
Multipliers
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. Fifteen product groups had value added multipliers of value 0.8 or larger. These include
0.808 for health and social work activities
0.856 for retail trade services
0.892 for education
0.898 for real estate services
These high multipliers reflect the low levels of 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.
For copies of the publication contact:
The Central Statistics Office, Information Section, Skehard Road, Cork.
The Government Publications Sales Office, Sun Alliance House, Molesworth Street, Dublin 2.
Price: €12
Copies can be downloaded from the CSO website http://www.cso.ie
For further information contact:
Patrick Quill on 01-498 4322 email nat_acc@cso.ie
22 February 2006
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