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Annual National Accounts 2023

Gross Value Added by Activity

Multinational sector activity contracted 16.2% in 2023 while non-MNE dominated sectors expanded by 6.1%

Online ISSN: 2811-5724

CSO statistical publication, 12 July 2024, 11am

	Foreign-owned MNE dominated	Other
2015	105.639711588531	189.558923570669
2016	106.613437069406	191.498272282152
2017	117.835362055605	202.863150358886
2018	136.693203457685	212.296930618023
2019	145.79474288658	221.614923368078
2020	181.274454181654	210.00430026587
2021	227.245636851944	226.438417825864
2022	261.297903470414	236.23178873932
2023	218.850977669884	250.715835383028

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Gross Value Added (GVA) at constant (2022) basic prices for the MNE dominated sectors of the economy contracted by 16.2% between 2022 and 2023. The non-MNE dominant sectors grew by 6.1% over the same period, resulting in an overall contraction of 5.6%.

Real GVA for the total economy was almost €470 billion in the 2023 reference period (€469,567m), with GVA for MNE dominated sectors contributing almost €219 billion while GVA for the non-MNE dominated sectors was almost €251 billion.

Of the larger non-MNE dominated sectors, there were increases in Real Estate Activities (+10.9%), Administrative & Support Service Activities (+6.2%), Human Health & Social Work Activities (+7.4%), Financial & Insurance Activities sector (+14.1%), Public administration and defence (+4.4%), Education (+1.2%), Manufacture of Food products, beverages and tobacco products (+17.0%) and Agriculture, Forestry & Fishing (+14.8%). The larger domestic facing sectors that recorded year-on-year contractions included the Wholesale & Retail sector incl. the Sale & Repair of Motor Vehicles (-6.1%), Legal, Accounting; Management Consultancy, Architecture & Engineering Activities (-0.2%) and Construction (-2.9%).

Amongst the larger MNE dominated sectors, there was growth in Information and Communication (+7.4%). The Industrial Manufacturing sector comprising Furniture; Other Manufacturing; Repair & Installation of Machinery & Equipment which is largely driven by the Medical Devices constituent element declined by -8.6%. The manufacturing of Chemicals & Chemical Products, Solid Fuel, Coke & Refined Petroleum Products declined -57.2% in the year compared with 2022.

	Foreign-owned MNE dominated	Other
2015	18.9180490370844	3.58236674215164
2016	0.328216106387661	0.653701166820793
2017	3.83532597000894	3.88418315817379
2018	6.15449422741331	3.07883309174169
2019	2.64533253751435	2.70824398428563
2020	11.6906913056693	-3.82574168728488
2021	12.0266211637945	4.29936526699476
2022	7.61175709506335	2.18912771271001
2023	-8.53153620078551	2.91119241132699

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	Foreign-owned MNE dominated	Other	Total
1995	15.041427604297	99.6800872897321	108.972205150484
1996	16.2286151925482	105.233528840673	115.517314647651
1997	20.2693617524398	112.716426480419	127.601294829235
1998	24.1436377471832	119.610470414306	138.972336305644
1999	28.5646812469267	126.019092843424	150.610984205032
2000	32.3644915456999	134.133057625946	162.904690959647
2001	34.2847873319599	138.309777000059	169.110677293662
2002	39.7132064545111	142.007451104033	179.413521918798
2003	37.8685285897241	147.031286260659	181.741054877022
2004	38.6468740653496	156.085223018529	191.189874496321
2005	42.1920872963131	164.238153311694	202.836242088074
2006	44.4877415111789	171.415707578958	212.147483999191
2007	49.2482338383423	183.660313230749	228.735602191622
2008	47.8051394655535	179.827229288492	223.600925673955
2009	49.8081416511108	163.710220439707	209.349061953625
2010	52.7827342210885	164.492660310185	213.113641002574
2011	53.1482543095085	169.328329414991	218.237192124248
2012	52.8002009948635	163.415393624852	212.150601065383
2013	51.5580793034582	169.365021367889	216.779983383209
2014	59.2147155024837	180.767775939264	235.491962354084
2015	105.639711588531	189.558923570669	288.478633010435
2016	106.613437069406	191.498272282152	291.31125453748
2017	117.835362055605	202.863150358886	313.799053422924
2018	136.693203457685	212.296930618023	342.773147149873
2019	145.79474288658	221.614923368078	361.123769878724
2020	181.274454181654	210.00430026587	389.525972439696
2021	227.245636851944	226.438417825864	453.1199298446
2022	261.297903470414	236.23178873932	497.529692209733
2023	218.850977669884	250.715835383028	469.566813052911

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The share of total GVA at constant prices accounted for by the foreign-owned MNE dominated sectors stood at 46.6% in 2023, a decline from 52.5% in 2022 (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.

Please note: Data presented in tables 5.1 and 5.2 although correct when published, were presented under incorrect labels, which were updated on July 17th. The columns of ‘Annual Percentage Changes’ labels, 2017 – 2018 should have read, 2018 – 2023. Please note that this was a labelling issue only and all data values in the two tables remain unchanged, i.e. they remain as initially published. For clarity, please also note that this labelling issue only applied to these two specific tables. We apologise for any inconvenience this may have caused.

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 2022)

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	2018	2019	2020	2021	2022	2023¹
A	01-03	Agriculture, forestry and fishing	2,781	3,212	3,591	4,345	5,724	4,466
B	05-09	Mining and quarrying	616	504	321	452	579	578
C	10-33	Manufacturing	109,857	116,147	129,248	155,322	193,511	150,120
		of which
CA	10-12	food products, beverages and tobacco products	9,053	7,739	7,763	8,312	9,912	11,227
CB	13-15	textiles, wearing apparel and leather products	158	161	151	179	195	207
CC	16-18	wood and paper products, and printing	854	889	847	969	985	1,195
CD-CE	19-20	coke and refined petroleum products, chemicals and chemical products	11,139	14,563	17,138	14,175	13,393	6,093
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	1,526	1,671	1,761	1,932	2,238	2,490
CH	24-25	basic metals and fabricated metal products, except machinery and equipment	1,383	1,507	1,355	1,265	1,422	1,733
CI²	26	computer, electronic and optical products	n/a	n/a	n/a	n/a	n/a	n/a
CJ	27	electrical equipment	445	428	467	461	427	447
CK	28	machinery and equipment n.e.c.	1,275	1,352	1,841	1,479	1,834	1,824
CL	29-30	transport equipment	406	385	328	393	483	520
CM	31-33	furniture; other manufacturing; repair and installation of machinery and equipment	6,192	9,955	9,170	11,352	13,050	12,146
D	35	Electricity, gas, steam and air-conditioning supply	3,061	3,032	3,159	3,805	3,616	3,742
E	36-39	Water Supply; sewerage, waste management and remediation activities	1,314	1,469	1,388	1,742	1,963	2,149
F	41-43	Construction	8,645	9,461	8,726	10,208	12,257	12,655
G	45-47	Wholesale and retail trade, repair of motor vehicles and motorcycles	24,532	24,734	26,217	28,648	32,539	32,633
H	49-53	Transportation and storage	6,373	7,125	3,737	4,912	8,436	9,638
I	55-56	Accommodation and food services activities	5,587	5,710	2,841	3,861	7,016	8,414
J	58-63	Information and Communication	40,089	51,171	60,896	78,878	86,809	95,098
		of which
JA²	58-60	Publishing, audiovisual and broadcasting activities	18,576	24,295	n/a	n/a	n/a	n/a
JB	61	Telecommunications	3,107	3,291	3,391	3,808	3,842	3,718
JC²	62-63	Computer programming, consultancy and related activities; information service activities	18,406	23,586	n/a	n/a	n/a	n/a
K	64-66	Financial and insurance activities	17,035	17,039	16,007	20,365	17,558	23,862
L	68	Real estate activities	18,869	20,317	20,371	22,258	25,573	30,466
MA	69-71	Legal and accounting activities; activities of head offices; management consultancy activities; architecture and engineering activities; technical testing and analysis	12,301	14,403	18,013	20,272	23,713	25,087
MB	72	Scientific research and development	1,074	1,246	1,078	1,275	1,985	2,091
MC	73-75	Advertising and market research; other professional, scientific and technical activities; veterinary activities	2,207	2,411	2,550	2,843	2,921	3,074
N	77-82	Administrative and support service activities	22,168	24,270	21,241	20,607	23,891	26,057
O	84	Public administration and defence; compulsory social security	9,026	9,614	10,145	10,772	11,646	12,482
P	85	Education	9,560	10,069	10,174	10,839	11,644	12,550
QA	86	Human health activities	10,631	11,642	12,066	13,638	14,856	16,912
QB	87-88	Social work activities	4,467	4,636	4,464	4,776	5,378	5,958
R	90-93	Arts, entertainment and recreation	2,559	2,686	2,144	2,580	3,347	3,575
S	94-96	Other service activities	1,805	1,860	1,502	1,640	2,283	2,295
T	97-98	Activities of households as employers of domestic personnel and undifferentiated goods and services production of households for own use	184	189	179	203	285	290
U³	99	Activities of extra-territorial organisations and bodies	7	6	5	3	2	9
		Statistical Discrepancy (equals Item 12, Table 3.1)	-1,300	-2,446	2,394	322	-3,148	-1,926
		Gross value added at current basic prices	313,439	340,503	362,454	424,564	494,382	482,263
¹Preliminary
²Nace Rev.2 sections CF and CI are suppressed for 2018 to 2023 for confidentiality reasons; Nace Rev.2 sections JA and JC are suppressed for 2020 to 2023 for confidentiality reasons
³Sector U is not included in the total as per ESA 2010 Section 2.06.

Open in Excel: Annual National Accounts 2023 Table 5.4 (XLS 28KB)

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Table 5.5 provides gross value added at constant prices (chain linked and referenced to 2022) 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 2022)

Table 5.5 Gross Value Added by Activity at Constant Basic Prices (chain linked annually and referenced to year 2022)⁴								€ million
NACE REV. 2 section	NACE REV. 2 division	Description	2018	2019	2020	2021	2022	2023¹
A	01-03	Agriculture, forestry and fishing	3,858	4,957	4,980	5,134	5,724	6,572
B	05-09	Mining and quarrying	219	265	394	538	579	583
C	10-33	Manufacturing	105,282	107,213	131,742	163,596	193,511	147,211
		of which
CA	10-12	food products, beverages and tobacco products	7,855	8,400	7,587	9,026	9,912	11,595
CB	13-15	textiles, wearing apparel and leather products	154	163	152	180	195	206
CC	16-18	wood and paper products, and printing	1,042	1,114	1,074	1,153	985	1,203
CD-CE	19-20	coke and refined petroleum products, chemicals and chemical products	11,828	14,629	18,217	14,807	13,393	5,733
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	2,008	2,082	2,182	2,265	2,238	2,311
CH	24-25	basic metals and fabricated metal products, except machinery and equipment	1,469	1,730	1,577	1,380	1,422	1,692
CI²	26	computer, electronic and optical products	n/a	n/a	n/a	n/a	n/a	n/a
CJ	27	electrical equipment	459	492	534	503	427	426
CK	28	machinery and equipment n.e.c.	1,518	1,490	1,940	1,581	1,834	1,731
CL	29-30	transport equipment	503	530	464	473	483	595
CM	31-33	furniture; other manufacturing; repair and installation of machinery and equipment	10,523	11,184	8,380	11,509	13,050	11,922
D	35	Electricity, gas, steam and air-conditioning supply	10,037	10,046	13,081	6,173	3,616	6,314
E	36-39	Water Supply; sewerage, waste management and remediation activities	1,937	2,283	2,029	2,047	1,963	2,270
F	41-43	Construction	11,874	12,437	10,909	11,805	12,257	11,905
G	45-47	Wholesale and retail trade, repair of motor vehicles and motorcycles	26,397	27,019	25,727	30,200	32,539	30,555
H	49-53	Transportation and storage	15,814	16,539	9,759	10,010	8,436	9,185
I	55-56	Accommodation and food services activities	10,365	10,564	5,250	4,219	7,016	7,761
J	58-63	Information and Communication	46,221	55,496	66,041	81,504	86,809	93,203
		of which
JA²	58-60	Publishing, audiovisual and broadcasting activities	22,777	26,844	n/a	n/a	n/a	n/a
JB	61	Telecommunications	3,493	3,562	3,598	3,713	3,842	3,959
JC²	62-63	Computer programming, consultancy and related activities; information service activities	20,179	25,294	n/a	n/a	n/a	n/a
K	64-66	Financial and insurance activities	16,464	16,082	15,551	20,215	17,558	20,028
L	68	Real estate activities	21,454	21,953	21,804	24,490	25,573	28,350
MA	69-71	Legal and accounting activities; activities of head offices; management consultancy activities; architecture and engineering activities; technical testing and analysis	13,849	15,834	19,394	21,422	23,713	23,674
MB	72	Scientific research and development	1,222	1,383	1,179	1,359	1,985	1,924
MC	73-75	Advertising and market research; other professional, scientific and technical activities; veterinary activities	2,512	2,679	2,737	2,988	2,921	2,834
N	77-82	Administrative and support service activities	28,596	29,417	25,705	23,846	23,891	25,383
O	84	Public administration and defence; compulsory social security	8,809	9,573	10,133	11,130	11,646	12,164
P	85	Education	11,350	11,575	11,365	11,300	11,644	11,778
QA	86	Human health activities	13,606	13,801	12,874	13,589	14,856	15,987
QB	87-88	Social work activities	4,935	5,293	5,126	5,025	5,378	5,747
R	90-93	Arts, entertainment and recreation	3,009	3,005	2,367	2,570	3,347	3,380
S	94-96	Other service activities	2,078	2,157	1,693	1,808	2,283	2,478
T	97-98	Activities of households as employers of domestic personnel and undifferentiated goods and services production of households for own use	208	206	186	209	285	281
U³	99	Activities of extra-territorial organisations and bodies	7	7	6	3	2	8
		Statistical Discrepancy (equals Item 66, Table 4) ⁴	..	..	..	..	-3,148	-3,491
		Gross value added at constant basic prices	342,926	359,716	390,751	453,077	494,382	466,076
¹Preliminary
²Nace Rev.2 sections CF and CI are suppressed for 2018-2023 for confidentiality reasons; Nace Rev.2 sections JA and JC are suppressed for 2020 to 2023 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 2022 and 2023

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Table 5.1 Gross Value Added of Foreign-owned MNE dominated sectors and Other sectors at Current Basic Prices
						€ million
	2018	2019	2020	2021	2022	2023
Foreign-owned MNE dominated	133,766	151,956	174,551	217,932	261,298	223,853
Other	180,972	190,993	185,508	206,310	236,232	260,336
Total	314,739	342,950	360,059	424,242	497,530	484,190

						%
Annual Percentage Changes	2018-2023	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
Foreign-owned MNE dominated	10.8	13.6	14.9	24.9	19.9	-14.3
Other	7.5	5.5	-2.9	11.2	14.5	10.2
Total	9.0	9.0	5.0	17.8	17.3	-2.7

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 2022)
						€ million
	2018	2019	2020	2021	2022	2023
Foreign-owned MNE dominated	136,693	145,795	181,274	227,246	261,298	218,851
Other	212,297	221,615	210,004	226,438	236,232	250,716
Total	342,773	361,124	389,526	453,120	497,530	469,567

						%
Annual Percentage Changes	2018-2023	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
Foreign-owned MNE dominated	9.9	6.7	24.3	25.4	15.0	-16.2
Other	3.4	4.4	-5.2	7.8	4.3	6.1
Total	6.5	5.4	7.9	16.3	9.8	-5.6

Table 5.3 Composition of Foreign-owned multinational enterprise dominated sectors and Other sectors¹
Description	Nace code	Percentage of 2023 GVA at constant basic prices
Industry NACE sectors dominated by Foreign-owned MNEs²	19, 20, 21, 26, and 31-32	26.9%
(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	19.7%
Foreign-owned MNE dominated Total		46.6%

'Other' Sector		53.4%
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.
2 Nace Rev.2 divisions aggregated together for 2023 for confidentiality reasons.

Annual National Accounts 2023

Gross Value Added by Activity

Gross Value Added by Activity

Multinational sector activity contracted 16.2% in 2023 while non-MNE dominated sectors expanded by 6.1%

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