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Quarterly National Accounts Quarter 1 2021 Final

Foreign and Domestic GVA

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Multinational sector grew by 13.6% in Q1 2021 while Non-MNE dominated sectors decreased by 1.2%

Table 6.1 Gross Value Added for sectors dominated by Foreign-owned MNEs and Other Sectors, Q1 2021¹
	Amount €m	Quarterly % change
Foreign-owned MNE dominated	53,652	13.6
Other	42,254	-1.2
Total GVA (MNE dominated + Other)	95,906	6.6
1Constant Market Prices, chain linked annually and referenced to year 2019, seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2021 Table 6.1 (XLS 9KB)

On a seasonally adjusted basis, estimates indicate that Gross Value Added (GVA) in volume terms in the Foreign-owned MNE dominated sector increased by 13.6% for the first quarter of 2021. GVA for the non-MNE dominated sectors of the economy fell by 1.2% over the same period.

Real GVA for the total economy amounted to almost €96 billion in the Q1 2021 reference period, with GVA for MNE dominated sectors representing approximately 55.9% of Total GVA while GVA for the non-MNE dominated sectors represented approximately 44.1% of the total.

	Foreign-owned MNE-dominated	Other
Q1 2019	-2.0470871551053	1.00693622421322
Q2 2019	12.4673368747438	0.476953536616587
Q3 2019	0.56474307408001	0.394133329820767
Q4 2019	-0.204288930826957	0.190744288605416
Q1 2020	12.5499237624977	-1.86818300218502
Q2 2020	4.22394241677873	-15.9840410026401
Q3 2020	8.12845170343739	9.92931654483218
Q4 2020	-4.34110382046858	2.05706472731586
Q1 2021	13.6147251560285	-1.15630753783402

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2019)¹

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2019)¹						€million
	CURRENT BASIC PRICES			CONSTANT BASIC PRICES
Period	Foreign-owned MNE dominated	Other	Total	Foreign-owned MNE dominated	Other	Total
2015	101,158	142,941	244,098	108,959	157,963	267,302
2016	100,545	150,263	250,808	109,435	160,946	270,742
2017	112,523	161,511	274,034	120,848	167,975	289,145
2018	132,231	174,054	306,286	140,629	177,657	318,402
2019	151,115	184,185	335,300	151,115	184,185	335,300
2020	176,490	172,774	349,264	186,070	168,127	354,198

2015
Q1	25,029	34,246	59,276	30,263	37,819	67,786
Q2	24,163	35,319	59,482	25,065	38,972	64,299
Q3	25,142	36,534	61,676	26,428	40,580	67,250
Q4	26,823	36,842	63,665	27,203	40,592	67,967

2016
Q1	23,672	36,351	60,023	27,185	38,945	66,229
Q2	22,214	37,507	59,721	24,703	40,092	64,842
Q3	24,816	38,255	63,071	24,222	41,151	65,402
Q4	29,844	38,149	67,993	33,326	40,758	74,269

2017
Q1	26,012	38,890	64,902	27,827	40,764	68,682
Q2	23,213	39,934	63,147	26,399	41,308	67,814
Q3	28,670	41,065	69,734	31,745	42,721	74,540
Q4	34,628	41,622	76,251	34,876	43,182	78,109

2018
Q1	31,927	41,046	72,974	33,341	41,791	75,154
Q2	30,004	43,146	73,150	34,334	44,075	78,447
Q3	35,741	44,309	80,050	37,804	45,374	83,174
Q4	34,559	45,552	80,112	35,151	46,417	81,626

2019
Q1	35,126	44,351	79,477	33,953	44,247	78,252
Q2	34,846	45,519	80,364	37,200	45,506	82,708
Q3	40,827	46,594	87,421	41,654	46,821	88,402
Q4	40,316	47,722	88,038	38,309	47,611	85,937

2020
Q1	43,244	45,172	88,416	43,126	43,716	86,842
Q2	40,147	38,870	79,017	43,958	37,706	81,663
Q3	51,140	43,444	94,585	53,138	42,523	95,661
Q4	41,959	45,288	87,247	45,849	44,183	90,032

2021
Q1	53,415	42,238	95,652	53,030	40,619	93,648

Annual Percentage Changes
2015	123.3	7.3	36.8	83.0	6.1	25.6
2016	-0.6	5.1	2.7	0.4	1.9	1.3
2017	11.9	7.5	9.3	10.4	4.4	6.8
2018	17.5	7.8	11.8	16.4	5.8	10.1
2019	14.3	5.8	9.5	7.5	3.7	5.3
2020	16.8	-6.2	4.2	23.1	-8.7	5.6

Percentage change on corresponding period of previous year
2015
Q1	122.6	8.5	38.5	106.4	6.8	32.7
Q2	95.3	7.0	31.1	55.0	5.9	19.2
Q3	121.0	7.0	35.5	76.9	6.2	23.9
Q4	160.2	6.9	42.2	97.4	5.4	27.0

2016
Q1	-5.4	6.1	1.3	-10.2	3.0	-2.3
Q2	-8.1	6.2	0.4	-1.4	2.9	0.8
Q3	-1.3	4.7	2.3	-8.3	1.4	-2.7
Q4	11.3	3.5	6.8	22.5	0.4	9.3

2017
Q1	9.9	7.0	8.1	2.4	4.7	3.7
Q2	4.5	6.5	5.7	6.9	3.0	4.6
Q3	15.5	7.3	10.6	31.1	3.8	14.0
Q4	16.0	9.1	12.1	4.7	5.9	5.2

2018
Q1	22.7	5.5	12.4	19.8	2.5	9.4
Q2	29.3	8.0	15.8	30.1	6.7	15.7
Q3	24.7	7.9	14.8	19.1	6.2	11.6
Q4	-0.2	9.4	5.1	0.8	7.5	4.5

2019
Q1	10.0	8.0	8.9	1.8	5.9	4.1
Q2	16.1	5.5	9.9	8.3	3.2	5.4
Q3	14.2	5.2	9.2	10.2	3.2	6.3
Q4	16.7	4.8	9.9	9.0	2.6	5.3

2020
Q1	23.1	1.9	11.2	27.0	-1.2	11.0
Q2	15.2	-14.6	-1.7	18.2	-17.1	-1.3
Q3	25.3	-6.8	8.2	27.6	-9.2	8.2
Q4	4.1	-5.1	-0.9	19.7	-7.2	4.8

2021
Q1	23.5	-6.5	8.2	23.0	-7.1	7.8
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2021 Table 6.2 (XLS 19KB)

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Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2019)¹ - Seasonally Adjusted

Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2019)¹ - Seasonally Adjusted						€million
	CURRENT BASIC PRICES			CONSTANT BASIC PRICES
Period	Foreign-owned MNE dominated	Other	Total	Foreign-owned MNE dominated	Other	Total
2015
Q1	24,381	34,940	59,320	29,305	38,777	68,082
Q2	24,609	35,339	59,949	25,326	39,275	64,602
Q3	25,101	36,079	61,180	26,262	39,852	66,114
Q4	26,641	36,555	63,196	27,528	40,018	67,545

2016
Q1	23,239	37,089	60,328	26,703	40,161	66,864
Q2	23,251	37,520	60,771	25,399	40,191	65,590
Q3	24,481	37,822	62,303	23,752	40,435	64,187
Q4	29,092	37,786	66,878	33,193	40,104	73,297

2017
Q1	25,717	39,706	65,423	27,764	41,857	69,622
Q2	24,828	39,961	64,789	27,456	41,652	69,108
Q3	27,871	40,662	68,534	30,606	42,024	72,630
Q4	33,642	41,077	74,719	34,653	42,331	76,984

2018
Q1	31,565	41,979	73,544	33,633	43,276	76,908
Q2	32,551	43,216	75,768	35,883	44,205	80,088
Q3	34,250	43,936	78,186	35,849	44,690	80,539
Q4	33,878	44,759	78,637	35,203	45,273	80,475

2019
Q1	34,576	45,430	80,006	34,482	45,728	80,210
Q2	37,998	45,701	83,698	38,781	45,947	84,727
Q3	38,654	46,212	84,866	39,000	46,128	85,128
Q4	40,208	46,693	86,901	38,920	46,216	85,136

2020
Q1	42,219	46,375	88,594	43,805	45,352	89,157
Q2	43,774	39,090	82,864	45,655	38,103	83,758
Q3	48,114	43,075	91,189	49,366	41,887	91,253
Q4	42,446	44,197	86,643	47,223	42,748	89,971

2021
Q1	51,795	43,432	95,227	53,652	42,254	95,906

Percentage change on previous quarter
2015
Q1	132.2	2.2	32.8	105.4	2.2	30.4
Q2	0.9	1.1	1.1	-13.6	1.3	-5.1
Q3	2.0	2.1	2.1	3.7	1.5	2.3
Q4	6.1	1.3	3.3	4.8	0.4	2.2

2016
Q1	-12.8	1.5	-4.5	-3.0	0.4	-1.0
Q2	0.1	1.2	0.7	-4.9	0.1	-1.9
Q3	5.3	0.8	2.5	-6.5	0.6	-2.1
Q4	18.8	-0.1	7.3	39.7	-0.8	14.2

2017
Q1	-11.6	5.1	-2.2	-16.4	4.4	-5.0
Q2	-3.5	0.6	-1.0	-1.1	-0.5	-0.7
Q3	12.3	1.8	5.8	11.5	0.9	5.1
Q4	20.7	1.0	9.0	13.2	0.7	6.0

2018
Q1	-6.2	2.2	-1.6	-2.9	2.2	-0.1
Q2	3.1	2.9	3.0	6.7	2.1	4.1
Q3	5.2	1.7	3.2	-0.1	1.1	0.6
Q4	-1.1	1.9	0.6	-1.8	1.3	-0.1

2019
Q1	2.1	1.5	1.7	-2.0	1.0	-0.3
Q2	9.9	0.6	4.6	12.5	0.5	5.6
Q3	1.7	1.1	1.4	0.6	0.4	0.5
Q4	4.0	1.0	2.4	-0.2	0.2	0.0

2020
Q1	5.0	-0.7	1.9	12.5	-1.9	4.7
Q2	3.7	-15.7	-6.5	4.2	-16.0	-6.1
Q3	9.9	10.2	10.0	8.1	9.9	8.9
Q4	-11.8	2.6	-5.0	-4.3	2.1	-1.4

2021
Q1	22.0	-1.7	9.9	13.6	-1.2	6.6
¹Chain linked series not additive