The Retail Economy generated turnover of €57.3 billion in 2020. More than two-thirds, €38.8 billion or 67.6% of this was created in Retail Trade (G47). Motor Trades (G45) generated turnover of €13.8 billion, representing almost one-quarter (24.2%) of the total, while Food & Beverage Service Activities (I56) generated the remaining €4.7 billion or 8.2%.
Almost €11.6 billion of Gross Value Added (GVA) was generated in the sector, with Retail Trade accounting for almost 70% (€8.1 billion), Food & Beverage Service Activities 16.7% (€1.9 billion), and Motor Trades generated the remaining 13.6% (€1.6 billion).
|Retail Trade (G47)||67.6|
|Food & Beverage|
Service Activities (I56)
|Retail Trade (G47)||69.7|
|Food & Beverage|
The Retail Economy had almost 48,500 active enterprises in 2020. Almost half of these enterprises (48.9%) operated in Retail Trade, almost one-third (31.7%) were engaged in Food & Beverage Service Activities, while the remaining 19.3% of enterprises were in Motor Trades.
There were almost 373,200 persons engaged in these three sectors with almost 225,000 in Retail Trade, more than 112,100 in Food & Beverage Service Activities and more than 36,100 engaged in Motor Trades.
|Retail Trade (G47)||48.9|
|Retail Trade (G47)||60.3|
|Table 2.1 Key variables for selected NACE Rev. 2 sectors, 2020|
|Enterprises||Persons engaged||Turnover||Gross value added|
|NACE Rev. 2 Description||No.||No.||€m||€m|
|Motor Trades (G45)||9,372||36,137||13,846||1,573|
|Retail Trade (G47)||23,709||224,934||38,752||8,066|
|Food and beverage service activities (I56)||15,370||112,118||4,713||1,926|
|Source: Central Statistics Office|
The Retail Economy purchased €43.9 billion worth of goods and services in 2020. Purchases of Goods for resale accounted for the largest business cost at €37.7 billion or 73.5% of total costs, followed by Labour costs (Wages & salaries and Social security costs) at 14.2%.
|Wages & salaries||13|
goods for resale
|Table 2.2 Breakdown of Business Costs in Motor trades, Retail trade, and Food and beverage service activities, 2020|
|Motor trades (G45)||Retail trade (G47)||Food and beverage service activities (I56)||Total1|
|Goods for resale without further processing||11,382||87.1||24,562||72.5||1,775||40.5||37,719||73.5|
|Fuel & energy||47||0.4||259||0.8||114||2.6||420||0.8|
|Payments to employment agencies||14||0.1||49||0.1||21||0.5||84||0.2|
|Sales & marketing||139||1.1||551||1.6||58||1.3||748||1.5|
|R&D services supplied to the enterprise||1||0.0||17||0.1||4||0.1||22||0.0|
|Purchases of business services||89||0.7||779||2.3||229||5.2||1,097||2.1|
|Wages & salaries||839||6.4||4,533||13.4||1,290||29.4||6,662||13.0|
|Social security costs||73||0.6||407||1.2||109||2.5||589||1.1|
|Other costs total||941||7.2||5,076||15.0||1,432||32.7||7,449||14.5|
|Total costs (purchases + other costs)||13,061||100.0||33,870||100.0||4,384||100.0||51,315||100.0|
|Source: CSO Structural Business Surveys|
|1 Totals may differ due to rounding.|