Press Statement

Preasráiteas

07 November 2019

Go to release: Gross Value Added for Foreign-owned Multinational Enterprises and Other Sectors Quarter 2 2019

The Central Statistics Office (CSO) today (Thursday, 7 November 2019) published Gross Value Added (GVA) for Foreign-owned Multinational Enterprises (MNEs) and Other Sectors results for Quarter 2, 2019.

This release provides quarterly GVA at current basic prices and constant basic prices (chain linked and referenced to 2017) for the economy divided into two sectors, namely:

(a)          the economic sectors dominated by Foreign-owned MNEs

and

(b)          all other remaining sectors.  

These quarterly data are consistent with annual equivalents that were published in CSO Statistical Release ‘Gross Value Added for Foreign-owned Multinational Enterprises and Other Sectors Annual Results 2018’ on 22 August 2019[i] and the sectoral data underlying the aggregates in National Income & Expenditure 2018 (NIE 2018) which gives a breakdown of the Irish economy by 10 principal economic sectors (see NIE Table 4) and a 37 sector breakdown of the economy (see NIE Table 22).

These data are published to meet one of the key recommendations of the Economic Statistics Review Group (ESRG) that was convened by the CSO in September 2016, following the level shift in the National Accounts in 2015. The objective is to provide further supplementary cyclical indicator detail on a quarterly basis relating to the open and globalised nature of the Irish economy and to provide greater insight and understanding of the breakdowns of Irish economic activity, particularly domestic activity.

[i] https://www.cso.ie/en/releasesandpublications/er/gvafm/grossvalueaddedforforeign-ownedmultinationalenterprisesandothersectorsannualresultsfor2018/

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