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Foreign-owned MNE dominated | Other | |
2016 | 111.425388650375 | 195.933780627226 |
2017 | 123.153810391001 | 207.561893493404 |
2018 | 142.862792341623 | 217.611550561943 |
2019 | 152.375125840361 | 226.871501569788 |
2020 | 189.456198629889 | 214.306534717086 |
2021 | 237.50463878775 | 231.524366110526 |
2022 | 269.585347718411 | 240.231595134989 |
2023 | 237.410439818229 | 261.863455193753 |
2024 | 241.012617783688 | 271.311299325602 |
Get the data: PxStat NA018
Gross Value Added (GVA) at constant (2023) basic prices for the MNE dominated sectors of the economy rose by 1.5% between 2023 and 2024. The non-MNE dominated sectors grew by 3.6% over the same period, resulting in an overall expansion of 2.6%.
Real GVA for the total economy was just over €512 billion in the 2024 reference period, with GVA for MNE dominated sectors contributing approximately €241 billion while GVA for the non-MNE dominated sectors was approximately €271 billion.
Of the larger non-MNE dominated sectors, there were increases in the Financial & Insurance Activities sector (+16.1%), Manufacture of Food products, beverages and tobacco products (+9.0%), Real Estate Activities (+6.0%), Public administration and defence (+5.1%), Legal, Accounting, Management Consultancy, Architecture & Engineering Activities (+3.6%), Agriculture, Forestry & Fishing (+1.3%), Administrative & Support Service Activities (+1.2%) and Construction (+0.8%). The larger domestic facing sectors that recorded year-on-year contractions included the Arts & Entertainment sector (-10.2), Wholesale & Retail sector incl. the Sale & Repair of Motor Vehicles (-0.8%) and Education (-0.8%).
Amongst the larger MNE dominated sectors, there was growth in Information and Communication (+6.2%) while the Industrial Manufacturing sector comprising Furniture; Other Manufacturing; Repair & Installation of Machinery & Equipment which is largely driven by the Medical Devices constituent element increased by +5.6%. The manufacturing of Chemicals & Chemical Products, Solid Fuel, Coke & Refined Petroleum Products declined -54.6% in the year compared with 2023.
Foreign-owned MNE dominated | Other | |
2016 | 0.332875093302182 | 0.64904218296783 |
2017 | 3.87633097705631 | 3.84317814491126 |
2018 | 6.1907921354741 | 3.15669972705802 |
2019 | 2.67323162999194 | 2.6023050947103 |
2020 | 11.6379845604253 | -3.94354529773216 |
2021 | 12.1311129476859 | 4.34710173029125 |
2022 | 6.90817671497294 | 1.87499213090163 |
2023 | -6.34295142591549 | 4.26449822422533 |
2024 | 0.721483338393329 | 1.89231686780294 |
Get the data: PxStat NA018
Foreign-owned MNE dominated | Other | Total | |
1995 | 15.7203159648063 | 101.988890656152 | 112.716818912439 |
1996 | 16.9610867478625 | 107.670961764363 | 119.486838120472 |
1997 | 21.1842106666121 | 115.327179278312 | 131.986060333795 |
1998 | 25.2333504457312 | 122.380903967342 | 143.74784510997 |
1999 | 29.8539358348134 | 128.93796375426 | 155.786432057709 |
2000 | 33.8252489338239 | 137.239865256427 | 168.502587662038 |
2001 | 35.8322164479349 | 141.513326371721 | 174.921830430188 |
2002 | 41.505644927074 | 145.296646477147 | 185.578711864954 |
2003 | 39.5777083228801 | 150.436844372657 | 187.986225884329 |
2004 | 40.3911840887957 | 159.700489619853 | 197.759735465533 |
2005 | 44.096408990458 | 168.042259156528 | 209.806307379005 |
2006 | 46.4956765720415 | 175.386060888962 | 219.437511662072 |
2007 | 51.4710316635327 | 187.914277721184 | 236.595647643758 |
2008 | 49.9628038534873 | 183.992411383107 | 231.284528155095 |
2009 | 52.0562106758527 | 167.502098235298 | 216.542927384692 |
2010 | 55.1650602005766 | 168.302661072676 | 220.436868719756 |
2011 | 55.5470778821096 | 173.250334575502 | 225.736480508571 |
2012 | 55.1833153291457 | 167.200442602413 | 219.440735832162 |
2013 | 53.8851310189978 | 173.287876378968 | 224.22919767154 |
2014 | 61.8873461928586 | 184.954743086261 | 243.584176719948 |
2015 | 110.407714494773 | 193.949512447382 | 298.391629264022 |
2016 | 111.425388650375 | 195.933780627226 | 301.321588222709 |
2017 | 123.153810391001 | 207.561893493404 | 324.582135712019 |
2018 | 142.862792341623 | 217.611550561943 | 354.922424434933 |
2019 | 152.375125840361 | 226.871501569788 | 373.646487280201 |
2020 | 189.456198629889 | 214.306534717086 | 402.396489301163 |
2021 | 237.50463878775 | 231.524366110526 | 468.704246664852 |
2022 | 269.585347718411 | 240.231595134989 | 509.87133203721 |
2023 | 237.410439818229 | 261.863455193753 | 499.273895011982 |
2024 | 241.012617783688 | 271.311299325602 | 512.32391710929 |
Get the data: PxStat NA018
The share of total GVA at constant prices accounted for by the foreign-owned MNE dominated sectors stood at 47.0% in 2024, a decline from 47.6% in 2023 (see Table 5.3).
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 5.5 provides gross value added at constant prices (chain linked and referenced to 2023) 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'.
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