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Annual National Accounts 2021

Gross Value Added by Activity

Multinational sector growth was 20.7% in 2021 while non-MNE dominated sectors increased by 4.8%

Online ISSN: 2811-5724

CSO statistical publication, 15 July 2022, 11am

	Foreign-owned MNE dominated	Other
2013	50.5556308743638	144.274274898316
2014	56.9668251148286	152.956805584194
2015	101.161194391482	161.904635573029
2016	101.551264576134	165.239984757414
2017	112.125385935946	172.669167435065
2018	130.548537955217	183.078065422929
2019	139.476567532825	190.82580731919
2020	174.156331614946	177.898982313472
2021	210.147295876868	186.35717746606

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Gross Value Added (GVA) at constant (2020) basic prices for the MNE dominated sectors of the economy expanded by 20.7% between 2020 and 2021. The non-MNE dominant sectors grew by 4.8% over the same period, resulting in an overall growth rate of 12.6%.

Real GVA for the total economy was almost €400 billion for the first time in the 2021 reference period (€396,504m), with GVA for MNE dominated sectors exceeding €210 billion while GVA for the non-MNE dominated sectors was €186 billion.

Of the larger non-MNE dominated sectors, there were increases in the Wholesale & Retail sector incl. the Sale & Repair of Motor Vehicles (+8.2%), Real Estate Activities (+6.6%), Financial & Insurance Activities sector (+17.8%), Legal, Accounting; Management Consultancy, Architecture & Engineering Activities (+8.7%), Human Health & Social Work Activities (+2.9%) and the Industrial Manufacturing sector Furniture; Other Manufacturing; Repair & Installation of Machinery & Equipment which is largely driven by the Medical Devices constituent element (+36.7%). The Agriculture, Forestry & Fishing sector showed a year-on-year increase of +13.3% in 2021 compared with 2020. Administrative & Support Service Activities declined by -6.3% in the period while Construction recorded a fall of -3.1% in 2021 compared with 2020.

Amongst the larger MNE dominated sectors, there was growth in Publishing, Audio-visual & Broadcasting Activities (+17.7%) and Computer Programming & Information Service Activities (+16.1%). The manufacturing of Chemicals & Chemical Products, Solid Fuel, Coke & Refined Petroleum Products declined -18.8% in the year compared with 2020.

	Foreign-owned MNE dominated	Other
2013	-0.408080293286267	1.7090032836174
2014	3.24805270698791	4.39876195292567
2015	19.8396385272515	4.01684005196484
2016	0.143179607480313	1.22427708094856
2017	4.03183023267665	2.83268957340227
2018	6.57244678221287	3.71336718142273
2019	2.86875078359205	2.48950123235632
2020	11.7858275095842	-4.39314781390103
2021	10.2230992795751	2.40251881393484

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	Foreign-owned MNE dominated	Other	Total
1995	14.8972867394093	87.1655458876937	99.5536278530218
1996	16.0743848934618	91.9884346205009	105.533036953432
1997	20.0451627479846	98.3028286272079	116.572586572317
1998	23.9332512952675	104.017069726386	126.960817496117
1999	28.0866438302433	109.684959981348	137.593525351596
2000	31.834567584548	116.610469901159	148.824674667188
2001	33.6917437330766	120.22933516681	154.494271362251
2002	38.8401686425401	123.404100951546	163.906630761978
2003	37.1986426072838	127.727063619013	166.03299270373
2004	38.331959928416	135.252290589731	174.665141340383
2005	41.9736845241369	142.126483710721	185.30490166625
2006	44.208619059617	148.364736824585	193.811363576485
2007	49.041971361896	158.811662860272	208.965754027453
2008	47.3184887171558	155.732627181697	204.274872763876
2009	48.7612023911082	142.05750576718	191.254811960606
2010	51.7021951669795	142.641300086694	194.694014656995
2011	51.7456066724289	145.396997523229	197.581593647992
2012	51.3083167749502	141.122094563226	192.833557114747
2013	50.5556308743638	144.274274898316	195.342173192326
2014	56.9668251148286	152.956805584194	210.279627128991
2015	101.161194391482	161.904635573029	260.444941331475
2016	101.551264576134	165.239984757414	264.006413101387
2017	112.125385935946	172.669167435065	282.12918561805
2018	130.548537955217	183.078065422929	311.148468787843
2019	139.476567532825	190.82580731919	327.82058788926
2020	174.156331614946	177.898982313472	352.055313928418
2021	210.147295876868	186.35717746606	396.504473342928

Get the data: PxStat NA018

The share of total GVA at constant prices accounted for by the foreign-owned MNE dominated sectors stood at 53.0% in 2021, a significant increase from 49.5% in 2020 (see Table 5.3).

Table 5.1 Gross Value Added of Foreign-owned MNE dominated sectors and Other sectors at Current Basic Prices

Table 5.2 Gross Value Added of Foreign-owned MNE dominated sectors and Other sectors at Constant Basic Prices (chain-linked annually and referenced to year 2020)

Table 5.3 Composition of Foreign-owned multinational enterprise dominated sectors and Other sectors

Table 5.4 provides gross value added (GVA) at basic prices in current terms for 37 sectors of the economy according to the Nace Rev. 2 classification system. It provides more detail than that of the 10 economic sectors shown in Table 3.4. Table 5.4 provides valuations of GVA for the sectors at 'basic prices', in line with the valuation used in Tables 3.3 and 3.4. 'Basic prices' is the valuation used in EU publications and differs from 'factor cost' in that overhead taxes (such as rates) are included in the basic prices valuations while overhead subsidies are excluded.

Table 5.4 Gross Value Added by Activity at Current Basic Prices

Table 5.4 Gross Value Added by Activity at Current Basic Prices
								€ million
NACE REV. 2 section	NACE REV. 2 division	Description	2016	2017	2018	2019	2020	2021¹
A	01-03	Agriculture, forestry and fishing	2,553	3,508	2,912	3,228	3,472	4,339
B	05-09	Mining and quarrying	537	593	604	496	320	444
C	10-33	Manufacturing	89,455	94,941	107,027	112,666	126,933	147,558
		of which
CA	10-12	food products, beverages and tobacco products	8,853	8,508	8,765	7,550	7,665	9,101
CB	13-15	textiles, wearing apparel and leather products	153	144	145	151	115	137
CC	16-18	wood and paper products, and printing	720	749	805	834	816	878
CD-CE	19-20	coke and refined petroleum products, chemicals and chemical products	6,769	7,429	11,017	14,392	17,051	13,823
CF²	21	basic pharmaceutical products and pharmaceutical preparations	n/a	n/a	n/a	n/a	n/a	n/a
CG	22-23	rubber and plastic products, and other non-metallic mineral products	1,369	1,448	1,482	1,626	1,691	2,071
CH	24-25	basic metals and fabricated metal products, except machinery and equipment	1,113	1,291	1,317	1,429	1,225	1,276
CI²	26	computer, electronic and optical products	n/a	n/a	n/a	n/a	n/a	n/a
CJ	27	electrical equipment	367	389	435	428	451	475
CK	28	machinery and equipment n.e.c.	1,248	1,198	1,232	1,334	1,233	1,623
CL	29-30	transport equipment	352	359	402	383	325	317
CM	31-33	furniture; other manufacturing; repair and installation of machinery and equipment	4,670	5,929	5,248	9,218	8,542	10,921
D	35	Electricity, gas, steam and air-conditioning supply	2,933	2,807	3,058	3,005	3,053	2,893
E	36-39	Water Supply; sewerage, waste management and remediation activities	1,058	1,183	1,290	1,438	1,346	1,487
F	41-43	Construction	5,735	7,478	8,055	8,779	8,179	8,718
G	45-47	Wholesale and retail trade, repair of motor vehicles and motorcycles	21,017	22,517	23,390	24,465	24,612	26,309
H	49-53	Transportation and storage	6,641	6,880	6,073	6,987	3,589	5,694
I	55-56	Accommodation and food services activities	4,570	5,044	5,358	5,445	2,665	2,744
JA	58-60	Publishing, audiovisual and broadcasting activities	11,799	13,730	18,501	24,241	29,827	36,977
JB	61	Telecommunications	1,875	2,802	3,087	3,270	3,424	3,680
JC	62-63	Computer programming, consultancy and related activities; information service activities	11,262	14,856	17,992	23,224	27,216	31,815
K	64-66	Financial and insurance activities	16,166	15,707	16,979	17,325	15,894	18,972
L	68	Real estate activities	15,522	16,493	18,735	20,493	21,284	24,980
MA	69-71	Legal and accounting activities; activities of head offices; management consultancy activities; architecture and engineering activities; technical testing and analysis	7,314	9,445	11,730	11,381	14,945	16,530
MB	72	Scientific research and development	1,275	1,619	1,062	1,235	1,071	1,350
MC	73-75	Advertising and market research; other professional, scientific and technical activities; veterinary activities	1,618	1,838	2,049	2,226	2,463	2,600
N	77-82	Administrative and support service activities	16,145	17,548	20,633	24,608	21,894	21,296
O	84	Public administration and defence; compulsory social security	8,239	8,573	8,975	9,557	10,107	10,666
P	85	Education	8,437	9,005	9,496	9,994	10,103	10,675
QA	86	Human health activities	9,221	9,884	10,411	11,336	11,760	12,835
QB	87-88	Social work activities	3,955	4,197	4,416	4,579	4,405	4,790
R	90-93	Arts, entertainment and recreation	2,037	2,355	2,509	2,642	1,902	2,601
S	94-96	Other service activities	1,456	1,650	1,730	1,772	1,415	1,484
T	97-98	Activities of households as employers of domestic personnel and undifferentiated goods and services production of households for own use	74	169	190	186	178	13
U³	99	Activities of extra-territorial organisations and bodies	5	6	7	7	6	2
		Statistical Discrepancy (equals Item 12, Table 3.1)	-637	2,171	-1,057	-929	1,175	-40
		Gross value added at current basic prices	250,256	276,994	305,204	333,650	353,230	401,408

¹Preliminary
²Nace Rev.2 sections CF and CI are suppressed for 2016 to 2021 for confidentiality reasons
³Sector U is not included in the total as per ESA 2010 Section 2.06.

Open in Excel: Annual National Accounts 2021 Table 5.4 (XLS 28KB)

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Table 5.5 provides gross value added at constant prices (chain linked and referenced to 2020) for 37 sectors of the economy. The same sectors are used as in Table 5.4 which is at current prices. The table provides a detailed breakdown of real growth in the constituent sectors of the economy. It aligns with Table 3.6 (the 10 sector breakdown) but provides a greater level of detail. The valuation used in Table 5.5 (as in Table 5.4) is 'basic prices'.

Table 5.5 Gross Value Added by Activity at Constant Basic Prices (chain linked annually and referenced to year 2020)

Table 5.5 Gross Value Added by Activity at Constant Basic Prices (chain linked annually and referenced to year 2020)
								€ million
NACE REV. 2 section	NACE REV. 2 division	Description	2016	2017	2018	2019	2020	2021¹
A	01-03	Agriculture, forestry and fishing	2,909	3,087	2,730	3,417	3,472	3,485
B	05-09	Mining and quarrying	259	243	178	215	320	439
C	10-33	Manufacturing	87,475	90,742	101,034	102,970	126,933	155,633
		of which
CA	10-12	food products, beverages and tobacco products	8,208	7,877	7,938	8,496	7,665	9,128
CB	13-15	textiles, wearing apparel and leather products	120	124	136	143	115	122
CC	16-18	wood and paper products, and printing	811	846	910	973	816	975
CD-CE	19-20	coke and refined petroleum products, chemicals and chemical products	6,720	7,350	11,069	13,803	17,051	13,846
CF²	21	basic pharmaceutical products and pharmaceutical preparations	n/a	n/a	n/a	n/a	n/a	n/a
CG	22-23	rubber and plastic products, and other non-metallic mineral products	1,429	1,539	1,666	1,728	1,691	1,997
CH	24-25	basic metals and fabricated metal products, except machinery and equipment	1,226	1,243	1,195	1,407	1,225	1,441
CI²	26	computer, electronic and optical products	n/a	n/a	n/a	n/a	n/a	n/a
CJ	27	electrical equipment	350	401	402	431	451	409
CK	28	machinery and equipment n.e.c.	1,441	1,424	1,456	1,430	1,233	1,454
CL	29-30	transport equipment	371	373	358	378	325	296
CM	31-33	furniture; other manufacturing; repair and installation of machinery and equipment	14,899	11,318	9,972	10,851	8,542	11,681
D	35	Electricity, gas, steam and air-conditioning supply	2,672	2,922	3,056	3,060	3,053	2,332
E	36-39	Water Supply; sewerage, waste management and remediation activities	1,128	1,152	1,288	1,516	1,346	1,371
F	41-43	Construction	7,321	8,145	8,885	9,337	8,179	7,922
G	45-47	Wholesale and retail trade, repair of motor vehicles and motorcycles	23,309	24,412	25,205	25,780	24,612	26,624
H	49-53	Transportation and storage	5,703	5,876	6,232	6,514	3,589	3,267
I	55-56	Accommodation and food services activities	4,685	4,936	5,382	5,495	2,665	2,143
JA	58-60	Publishing, audiovisual and broadcasting activities	11,994	15,379	21,009	24,758	29,827	35,093
JB	61	Telecommunications	3,204	3,275	3,324	3,390	3,424	3,540
JC	62-63	Computer programming, consultancy and related activities; information service activities	11,470	15,127	18,024	22,752	27,216	31,591
K	64-66	Financial and insurance activities	17,825	16,232	17,651	17,604	15,894	18,717
L	68	Real estate activities	20,525	20,996	21,187	21,557	21,284	22,696
MA	69-71	Legal and accounting activities; activities of head offices; management consultancy activities; architecture and engineering activities; technical testing and analysis	7,885	10,032	12,283	11,638	14,945	16,251
MB	72	Scientific research and development	1,376	1,709	1,106	1,255	1,071	1,316
MC	73-75	Advertising and market research; other professional, scientific and technical activities; veterinary activities	1,779	1,978	2,175	2,307	2,463	2,540
N	77-82	Administrative and support service activities	16,898	18,597	21,965	24,620	21,894	20,506
O	84	Public administration and defence; compulsory social security	7,802	8,242	8,826	9,556	10,107	10,984
P	85	Education	9,780	9,939	10,086	10,286	10,103	9,883
QA	86	Human health activities	12,369	12,371	12,430	12,609	11,760	12,321
QB	87-88	Social work activities	3,591	4,024	4,288	4,591	4,405	4,307
R	90-93	Arts, entertainment and recreation	2,342	2,367	2,427	2,422	1,902	2,068
S	94-96	Other service activities	1,529	1,749	1,770	1,827	1,415	1,464
T	97-98	Activities of households as employers of domestic personnel and undifferentiated goods and services production of households for own use	87	186	206	195	178	12
U³	99	Activities of extra-territorial organisations and bodies	5	6	7	7	6	2
		Statistical Discrepancy (equals Item 66, Table 3.6) ⁴	..	..	..	..	1,175	2,704
		Gross value added at constant basic prices	261,259	285,878	311,515	328,208	353,230	399,208

¹Preliminary
²Nace Rev.2 sections CF and CI are suppressed for 2016 to 2021 for confidentiality reasons
³Sector U is not included in the total as per ESA 2010 Section 2.06.
.. Chain linked series not additive except for 2020 and 2021

Open in Excel: Annual National Accounts 2021 Table 5.5 (XLS 28KB)

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Table 5.1 Gross Value Added of Foreign-owned MNE dominated sectors and Other sectors at Current Basic Prices
						€ million
	2016	2017	2018	2019	2020	2021
Foreign-owned MNE dominated	100,437	112,480	132,320	149,816	174,156	204,379
Other	150,456	162,344	173,941	184,763	177,899	197,069
Total	250,894	274,823	306,261	334,579	352,055	401,448

						%
Annual Percentage Changes	2016-2021	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021
Foreign-owned MNE dominated	15.3	12.0	17.6	13.2	16.2	17.4
Other	5.5	7.9	7.1	6.2	-3.7	10.8
Total	9.9	9.5	11.4	9.2	5.2	14.0

Table 5.2 Gross Value Added of Foreign-owned MNE dominated sectors and Other sectors at Constant Basic Prices (chain-linked annually and referenced to year 2020)
						€ million
	2016	2017	2018	2019	2020	2021
Foreign-owned MNE dominated	101,551	112,125	130,549	139,477	174,156	210,147
Other	165,240	172,669	183,078	190,826	177,899	186,357
Total	264,006	282,129	311,148	327,821	352,055	396,504

						%
Annual Percentage Changes	2016-2021	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021
Foreign-owned MNE dominated	15.7	10.4	16.4	6.8	24.9	20.7
Other	2.4	4.5	6.0	4.2	-6.8	4.8
Total	8.5	6.9	10.3	5.4	7.4	12.6

Table 5.3 Composition of Foreign-owned multinational enterprise dominated sectors and Other sectors¹
Description	Nace code	Percentage of 2021 GVA at constant basic prices
Industry NACE sectors dominated by Foreign-owned MNEs²	18.2, 20, 21, 26, 27 and 32.5	35.3%
(Reproduction of recorded media, Chemicals and chemical products, Basic pharmaceutical products and pharmaceutical preparations, Computer, electronic and optical products, Electrical equipment, Medical and dental instruments and supplies)
Software and communications sectors	58-63	17.7%
Foreign-owned MNE dominated Total		53.0%

'Other' Sector		47.0%
The 'Other' Sector includes all Nace sectors excluding those listed as part of the Foreign-owned MNE dominated sector above and includes Wholesale & retail sector including the sale and repair of motor vehicles, Administrative & support service activities, Construction, Accommodation & food services and the Manufacture of Food, beverages & tobacco products

¹Foreign-owned Multinational Enterprise (MNE) dominated sectors occur where MNE turnover on average exceeds 85% of the sector total.
²Nace Rev.2 divisions 18, 20, 21, 26, 27 & 32.5 are collapsed together for 2021 for confidentiality reasons.

Annual National Accounts 2021

Gross Value Added by Activity

Gross Value Added by Activity

Multinational sector growth was 20.7% in 2021 while non-MNE dominated sectors increased by 4.8%

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