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Annual National Accounts 2022

Gross Value Added by Activity

Multinational sector growth was 15.6% in 2022 while non-MNE dominated sectors increased by 5.6%

Online ISSN: 2811-5724

CSO statistical publication, 14 July 2023, 11am

	Foreign-owned MNE dominated	Other
2014	54.747749974003	158.318949401126
2015	98.5689182404984	167.37336875306
2016	98.9564544630985	170.591612240528
2017	109.469728120458	178.236013213551
2018	127.623438489546	188.758563088899
2019	136.404031297326	196.790286245112
2020	170.096432285085	186.51960184075
2021	212.005066947969	196.406158749784
2022	244.986924462083	207.323029887028

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Gross Value Added (GVA) at constant (2021) basic prices for the MNE dominated sectors of the economy expanded by 15.6% between 2021 and 2022. The non-MNE dominant sectors grew by 5.6% over the same period, resulting in an overall growth rate of 10.7%.

Real GVA for the total economy was over €450 billion for the first time in the 2022 reference period (€452,310m), with GVA for MNE dominated sectors almost €245 billion while GVA for the non-MNE dominated sectors was €207 billion.

Of the larger non-MNE dominated sectors, there were increases in the Wholesale & Retail sector incl. the Sale & Repair of Motor Vehicles (+2.6%), Real Estate Activities (+4.2%), Legal, Accounting; Management Consultancy, Architecture & Engineering Activities (+5.6%), Human Health & Social Work Activities (+9.3%), Public administration and defence (+3.9%), Education (+3.1%) and the Industrial Manufacturing sector Furniture; Other Manufacturing; Repair & Installation of Machinery & Equipment which is largely driven by the Medical Devices constituent element (+14.5%). The domestic facing sectors of Construction and Agriculture, Forestry & Fishing expanded by 4.2% and 6.3% respectively in 2022 compared with 2021. Administrative & Support Service Activities declined by -2.5% in the period while the Financial & Insurance Activities sector contracted by -7.8%.

Amongst the larger MNE dominated sectors, there was growth in Information and Communication (+7.1%). The manufacturing of Chemicals & Chemical Products, Solid Fuel, Coke & Refined Petroleum Products declined -7.1% in the year compared with 2021.

	Foreign-owned MNE dominated	Other
2014	3.16888940346984	4.48904719007955
2015	19.8277943242082	4.0968593886747
2016	0.139427896543559	1.15786059174556
2017	3.99825320896466	2.9072058539643
2018	6.48188962004067	3.75713864695788
2019	2.80959536425124	2.56997364991683
2020	11.5663629086674	-3.52585329802971
2021	11.9104827534219	2.8097709816364
2022	8.07564911022369	2.6730095674018

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	Foreign-owned MNE dominated	Other	Total
1995	14.0889518346227	89.4216789043966	99.9203241358224
1996	15.2009625552275	94.4035973666964	105.921757818517
1997	18.9858349185853	101.11640519192	117.001970564178
1998	22.6147782155485	107.300960199329	127.428465544998
1999	26.7558657879734	113.050050039559	138.100337964434
2000	30.3150588171158	120.328979796487	149.372856146157
2001	32.113754762162	124.075859126496	155.063336256634
2002	37.1984274118691	127.392993326171	164.510365186554
2003	35.4705609972001	131.89980894343	166.644559380149
2004	36.1996189167508	140.021975041724	175.308503711895
2005	39.5203368543127	147.335860236971	185.987454578592
2006	41.6706222202715	153.774748590875	194.525249227661
2007	46.1296635338855	164.759221264026	209.735459430065
2008	44.777950940843	161.320612701971	205.027299753908
2009	46.6541160268985	146.86225868798	191.959280799017
2010	49.4403469982239	147.564175078643	195.411151471307
2011	49.5088989744341	150.627617820875	198.565596429728
2012	49.1541367330698	146.168579886253	193.804640525472
2013	48.4377423964114	149.380195730975	196.325939542777
2014	54.747749974003	158.318949401126	211.360455509653
2015	98.5689182404984	167.37336875306	261.927712576309
2016	98.9564544630985	170.591612240528	265.3256706392
2017	109.469728120458	178.236013213551	283.647626208632
2018	127.623438489546	188.758563088899	312.690386834804
2019	136.404031297326	196.790286245112	329.511781995252
2020	170.096432285085	186.51960184075	356.006208494763
2021	212.005066947969	196.406158749784	408.411225697753
2022	244.986924462083	207.323029887028	452.309954349111

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The share of total GVA at constant prices accounted for by the foreign-owned MNE dominated sectors stood at 54.2% in 2022, an increase from 51.9% in 2021 (see Table 5.3).

The classification of value added for the total economy between (a) the Foreign-owned MNE dominated sector and (b) the Other sector in ANA Tables 5.1, 5.2 and 5.3 is determined by business accounting turnover. Foreign-owned MNE dominated sectors are defined as those where MNE turnover on average exceeds 85% of the sector total. Economic activity classified to the Non-MNE dominated sector falls below this turnover threshold.

The main sectors dominated by MNEs in Ireland are:

• Pharma and Chemical production
• Computer, electronic and optical device manufacturing
• Medical instrument production
• Information & Communications, including software publishing

The combination of all remaining non-MNE dominated sectors provides an estimation of the value-added contribution of the domestic-facing side of the economy to the overall economy. For further details concerning the classifications of NACE codes to the Foreign-owned MNE dominated and Other sectors, please see details relating to ANA Tables 5.1, 5.2 & 5.3 under the Chapter 2 “Tables Explained” section of the Annual National Accounts Methodology.

As part of the ANA 2022 and QNA Q1 2023 Final compilation review and updates, a small number of NACE sectors have been reclassified between the MNE and the combined Other sector based on the 85% turnover threshold (Foreign-owned Multinational Enterprise [MNE] dominated sectors occur where MNE turnover on average exceeds 85% of the sector total). The NACE Rev.2 Divisions below have been reclassified from the MNE sector to the combined Other sector:

18 Printing and reproduction of recorded media

27 Manufacture of electrical equipment

59-60 Motion picture, video and television programme production, sound recording and music publishing activities; programming and broadcasting activities

The NACE Rev.2 Division below has been reclassified to the MNE sector:

19 Manufacture of coke and refined petroleum products

These reclassifications have been implemented on a consistent basis through the full extent of the ANA back data time series, i.e. they apply from reference year 1995 onwards. Additionally, revisions to the ANA Tables 5.1, 5.2 and 5.3 annual time series are consistent with those implemented for QNA Q1 2023 Final Tables 6.2 and 6.3 quarterly data.

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 2021)

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	2017	2018	2019	2020	2021	2022¹
A	01-03	Agriculture, forestry and fishing	3,508	2,912	3,228	3,465	4,304	5,607
B	05-09	Mining and quarrying	595	605	495	313	443	601
C	10-33	Manufacturing	95,544	107,428	112,118	128,216	151,863	192,361
		of which
CA	10-12	food products, beverages and tobacco products	8,524	8,782	7,508	7,515	7,970	10,605
CB	13-15	textiles, wearing apparel and leather products	145	147	150	142	165	206
CC	16-18	wood and paper products, and printing	751	807	831	803	900	1,016
CD-CE	19-20	coke and refined petroleum products, chemicals and chemical products	7,460	11,033	14,382	16,998	14,049	13,427
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	1,455	1,486	1,621	1,716	1,856	2,268
CH	24-25	basic metals and fabricated metal products, except machinery and equipment	1,293	1,314	1,428	1,287	1,282	1,642
CI²	26	computer, electronic and optical products	n/a	n/a	n/a	n/a	n/a	n/a
CJ	27	electrical equipment	392	436	419	459	449	458
CK	28	machinery and equipment n.e.c.	1,214	1,247	1,319	1,817	1,441	2,007
CL	29-30	transport equipment	360	401	380	324	386	442
CM	31-33	furniture; other manufacturing; repair and installation of machinery and equipment	5,973	5,271	9,157	8,765	9,605	11,935
D	35	Electricity, gas, steam and air-conditioning supply	2,807	3,056	3,018	3,176	3,654	4,404
E	36-39	Water Supply; sewerage, waste management and remediation activities	1,183	1,291	1,437	1,356	1,675	1,958
F	41-43	Construction	7,478	8,055	8,779	8,178	9,333	10,710
G	45-47	Wholesale and retail trade, repair of motor vehicles and motorcycles	22,517	23,390	24,465	25,339	24,878	27,055
H	49-53	Transportation and storage	6,880	6,073	6,987	3,631	4,765	9,975
I	55-56	Accommodation and food services activities	5,044	5,358	5,445	2,693	3,442	7,117
J	58-63	Information and Communication	31,388	39,580	50,735	60,375	75,783	83,833
		of which
JA²	58-60	Publishing, audiovisual and broadcasting activities	13,730	18,501	24,241	n/a	n/a	n/a
JB	61	Telecommunications	2,802	3,087	3,270	3,371	3,807	3,722
JC²	62-63	Computer programming, consultancy and related activities; information service activities	14,856	17,992	23,224	n/a	n/a	n/a
K	64-66	Financial and insurance activities	15,707	16,979	17,325	15,002	18,354	16,741
L	68	Real estate activities	16,493	18,735	20,493	21,189	24,098	27,015
MA	69-71	Legal and accounting activities; activities of head offices; management consultancy activities; architecture and engineering activities; technical testing and analysis	9,445	11,730	11,381	16,861	16,921	18,837
MB	72	Scientific research and development	1,619	1,062	1,235	1,075	1,287	1,639
MC	73-75	Advertising and market research; other professional, scientific and technical activities; veterinary activities	1,838	2,049	2,226	2,393	2,621	2,521
N	77-82	Administrative and support service activities	17,548	20,633	24,608	22,771	21,378	24,140
O	84	Public administration and defence; compulsory social security	8,573	8,975	9,557	10,111	10,725	11,990
P	85	Education	9,005	9,496	9,994	10,130	10,775	11,610
QA	86	Human health activities	9,884	10,411	11,336	11,794	13,244	14,194
QB	87-88	Social work activities	4,197	4,416	4,579	4,413	4,710	4,991
R	90-93	Arts, entertainment and recreation	2,355	2,509	2,642	2,087	2,398	2,500
S	94-96	Other service activities	1,650	1,730	1,772	1,437	1,556	2,188
T	97-98	Activities of households as employers of domestic personnel and undifferentiated goods and services production of households for own use	169	190	186	179	205	11
U³	99	Activities of extra-territorial organisations and bodies	6	7	7	5	3	1
		Statistical Discrepancy (equals Item 12, Table 3.1)	2,331	-648	-880	-708	975	-2,414
		Gross value added at current basic prices	277,760	306,014	333,161	355,478	409,386	479,584
¹Preliminary
²Nace Rev.2 sections CF and CI are suppressed for 2017 to 2022 for confidentiality reasons; Nace Rev.2 sections JA and JC are suppressed for 2020 to 2022 for confidentiality reasons
³Sector U is not included in the total as per ESA 2010 Section 2.06.

Open in Excel: Annual National Accounts 2022 Table 5.4 (XLS 28KB)

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Table 5.5 provides gross value added at constant prices (chain linked and referenced to 2021) 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 2021)

Table 5.5 Gross Value Added by Activity at Constant Basic Prices (chain linked annually and referenced to year 2021)⁴								€ million
NACE REV. 2 section	NACE REV. 2 division	Description	2017	2018	2019	2020	2021	2022¹
A	01-03	Agriculture, forestry and fishing	3,757	3,234	4,112	4,168	4,304	4,574
B	05-09	Mining and quarrying	246	181	218	324	443	370
C	10-33	Manufacturing	87,226	97,103	98,977	121,278	151,863	181,782
		of which
CA	10-12	food products, beverages and tobacco products	6,880	6,933	7,420	6,693	7,970	8,974
CB	13-15	textiles, wearing apparel and leather products	170	186	197	157	165	180
CC	16-18	wood and paper products, and printing	778	836	894	749	900	1,086
CD-CE	19-20	coke and refined petroleum products, chemicals and chemical products	7,455	11,227	14,001	17,292	14,049	13,055
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	1,433	1,551	1,609	1,574	1,856	2,024
CH	24-25	basic metals and fabricated metal products, except machinery and equipment	1,109	1,065	1,255	1,092	1,282	1,785
CI²	26	computer, electronic and optical products	n/a	n/a	n/a	n/a	n/a	n/a
CJ	27	electrical equipment	442	443	475	497	449	406
CK	28	machinery and equipment n.e.c.	1,417	1,449	1,423	1,226	1,441	1,855
CL	29-30	transport equipment	489	469	495	426	386	420
CM	31-33	furniture; other manufacturing; repair and installation of machinery and equipment	9,291	8,195	8,916	7,018	9,605	10,995
D	35	Electricity, gas, steam and air-conditioning supply	3,858	4,036	4,040	4,031	3,654	3,256
E	36-39	Water Supply; sewerage, waste management and remediation activities	1,420	1,587	1,869	1,659	1,675	1,627
F	41-43	Construction	8,786	9,584	10,071	8,823	9,333	9,722
G	45-47	Wholesale and retail trade, repair of motor vehicles and motorcycles	22,820	23,563	24,100	23,008	24,878	25,530
H	49-53	Transportation and storage	7,111	7,512	7,854	4,601	4,765	5,983
I	55-56	Accommodation and food services activities	7,962	8,682	8,864	4,323	3,442	7,150
J	58-63	Information and Communication	34,725	43,480	52,359	62,420	75,783	81,128
		of which
JA²	58-60	Publishing, audiovisual and broadcasting activities	16,068	21,950	25,867	n/a	n/a	n/a
JB	61	Telecommunications	3,529	3,582	3,653	3,690	3,807	3,955
JC²	62-63	Computer programming, consultancy and related activities; information service activities	15,261	18,184	22,955	n/a	n/a	n/a
K	64-66	Financial and insurance activities	14,920	16,225	16,182	14,515	18,354	16,915
L	68	Real estate activities	22,016	22,215	22,607	22,337	24,098	25,118
MA	69-71	Legal and accounting activities; activities of head offices; management consultancy activities; architecture and engineering activities; technical testing and analysis	10,212	12,504	11,847	17,188	16,921	17,870
MB	72	Scientific research and development	1,753	1,134	1,286	1,103	1,287	1,538
MC	73-75	Advertising and market research; other professional, scientific and technical activities; veterinary activities	2,021	2,222	2,357	2,443	2,621	2,402
N	77-82	Administrative and support service activities	19,396	22,909	25,677	23,738	21,378	20,852
O	84	Public administration and defence; compulsory social security	8,048	8,619	9,331	9,869	10,725	11,145
P	85	Education	10,663	10,820	11,035	10,839	10,775	11,104
QA	86	Human health activities	13,199	13,262	13,452	12,546	13,244	14,477
QB	87-88	Social work activities	4,400	4,689	5,020	4,816	4,710	5,149
R	90-93	Arts, entertainment and recreation	2,755	2,824	2,819	2,214	2,398	2,577
S	94-96	Other service activities	1,800	1,822	1,881	1,478	1,556	2,031
T	97-98	Activities of households as employers of domestic personnel and undifferentiated goods and services production of households for own use	188	208	197	181	205	10
U³	99	Activities of extra-territorial organisations and bodies	6	7	7	6	3	1
		Statistical Discrepancy (equals Item 66, Table 3.6)	..	..	..	..	975	-2,095
		Gross value added at constant basic prices	288,222	313,888	330,084	356,769	409,386	450,215
¹Preliminary
²Nace Rev.2 sections CF and CI are suppressed for 2017-2022 for confidentiality reasons; Nace Rev.2 sections JA and JC are suppressed for 2020 to 2022 for confidentiality reasons
³Sector U is not included in the total as per ESA 2010 Section 2.06.
⁴Chain linked series not additive except for 2021 and 2022

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Table 5.1 Gross Value Added of Foreign-owned MNE dominated sectors and Other sectors at Current Basic Prices
						€ million
	2017	2018	2019	2020	2021	2022
Foreign-owned MNE dominated	111,808	131,371	148,039	173,505	212,005	256,225
Other	163,620	175,291	186,002	182,681	196,406	225,772
Total	275,428	306,662	334,041	356,186	408,411	481,998

						%
Annual Percentage Changes	2017-2022	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
Foreign-owned MNE dominated	18.0	17.5	12.7	17.2	22.2	20.9
Other	6.7	7.1	6.1	-1.8	7.5	15.0
Total	11.8	11.3	8.9	6.6	14.7	18.0

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 2021)
						€ million
	2017	2018	2019	2020	2021	2022
Foreign-owned MNE dominated	109,470	127,623	136,404	170,096	212,005	244,987
Other	178,236	188,759	196,790	186,520	196,406	207,323
Total	283,648	312,690	329,512	356,006	408,411	452,310

						%
Annual Percentage Changes	2017-2022	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
Foreign-owned MNE dominated	17.5	16.6	6.9	24.7	24.6	15.6
Other	3.1	5.9	4.3	-5.2	5.3	5.6
Total	9.8	10.2	5.4	8.0	14.7	10.7

Table 5.3 Composition of Foreign-owned multinational enterprise dominated sectors and Other sectors¹
Description	Nace code	Percentage of 2022 GVA at constant basic prices
Industry NACE sectors dominated by Foreign-owned MNEs²	19, 20, 21, 26, and 31-32	36.4%
(Manufacture of coke and refined petroleum products, Chemicals and chemical products, Basic pharmaceutical products and pharmaceutical preparations, Computer, electronic and optical products, Medical and dental instruments and supplies)
Publishing activities. Telecommunications, Computer programming, consultancy and related activities; information service activities²	58, 61-63	17.8%
Foreign-owned MNE dominated Total		54.2%

'Other' Sector		45.8%
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 aggregated together for 2022 for confidentiality reasons.

Annual National Accounts 2022

Gross Value Added by Activity

Gross Value Added by Activity

Multinational sector growth was 15.6% in 2022 while non-MNE dominated sectors increased by 5.6%

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