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Quarterly National Accounts Quarter 1 2021 Provisional

Foreign and Domestic GVA

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Multinational sector grew by 17.9% in Q1 2021 while Non-MNE dominated sectors decreased by 2.1%

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	49,343	17.9
Other	41,631	-2.1
Total GVA (MNE dominated + Other)	90,973	7.8
¹Constant Market Prices, chain linked annually and referenced to year 2018, seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2021 Table 6.1 (XLS 10KB)

On a seasonally adjusted basis, initial estimates indicate that Gross Value Added (GVA) in volume terms in the Foreign-owned MNE dominated sector increased by 17.9% for the first quarter of 2021. GVA for the non-MNE dominated sectors of the economy decreased by 2.1% over the same period.

Real GVA for the total economy amounted to almost €91 billion in the Q1 2021 reference period, with GVA for MNE dominated sectors representing approximately 54.2% of Total GVA while GVA for the non-MNE dominated sectors represented approximately 45.8% of the total.

	Foreign-owned MNE-dominated	Other
Q1 2018	-2.37534218576437	1.69747841443419
Q2 2018	6.43705602672828	1.86989599427854
Q3 2018	-1.01534057186308	1.07277598006652
Q4 2018	-2.30532630685879	0.729439437442414
Q1 2019	-1.65855696323358	1.53213867884043
Q2 2019	12.7651630341281	0.793325430025327
Q3 2019	0.15675913762605	0.490740516692556
Q4 2019	-0.307811563978488	1.95172330930582
Q1 2020	9.26737753720415	-1.74255449626191
Q2 2020	3.42715270894263	-21.0488218298155
Q3 2020	7.86181617840862	14.456829734517
Q4 2020	-5.1771672936869	2.36842320318582
Q1 2021	17.8955445756897	-2.06336956033887

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2018)¹

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2018)¹						€million
	CURRENT BASIC PRICES			CONSTANT BASIC PRICES
Period	Foreign-owned MNE dominated	Other	Total	Foreign-owned MNE dominated	Other	Total
2015	101,101	143,243	244,344	102,083	155,520	257,448
2016	100,093	151,828	251,921	102,661	158,854	261,286
2017	114,411	165,476	279,887	113,099	167,924	280,832
2018	131,826	175,952	307,778	131,826	175,952	307,778
2019	146,540	188,288	334,828	140,903	183,836	324,739
2020	177,010	168,992	346,002	166,510	166,367	332,878

2015
Q1	25,013	34,312	59,325	28,335	37,228	65,262
Q2	24,140	35,405	59,545	23,471	38,382	61,931
Q3	25,131	36,621	61,752	24,749	39,970	64,779
Q4	26,817	36,905	63,722	25,528	39,940	65,475

2016
Q1	23,576	36,667	60,244	25,507	38,348	63,831
Q2	22,097	37,828	59,925	23,174	39,518	62,532
Q3	24,688	38,700	63,388	22,727	40,668	63,181
Q4	29,732	38,632	68,364	31,253	40,320	71,741

2017
Q1	26,518	39,699	66,217	26,026	40,615	66,580
Q2	23,683	40,795	64,478	24,603	41,192	65,713
Q3	29,087	42,281	71,368	29,675	42,907	72,542
Q4	35,123	42,700	77,823	32,794	43,210	75,996

2018
Q1	31,857	41,677	73,534	31,462	41,504	72,971
Q2	29,928	43,449	73,377	32,348	43,465	75,809
Q3	35,639	44,950	80,589	35,285	45,135	80,442
Q4	34,401	45,877	80,278	32,731	45,849	78,555

2019
Q1	34,007	44,904	78,911	31,606	43,759	75,365
Q2	33,690	46,077	79,767	34,777	44,913	79,691
Q3	39,579	47,734	87,313	38,772	46,792	85,563
Q4	39,265	49,572	88,837	35,748	48,372	84,120

2020
Q1	43,409	44,148	87,557	38,869	44,175	83,044
Q2	40,750	36,766	77,516	39,385	35,617	75,002
Q3	48,288	42,906	91,193	47,473	42,419	89,892
Q4	44,563	45,173	89,735	40,783	44,157	84,940

2021
Q1	52,699	41,363	94,062	48,657	39,853	88,510

Annual Percentage Changes
2015	123.2	7.2	36.6	83.6	6.1	25.7
2016	-1.0	6.0	3.1	0.6	2.1	1.5
2017	14.3	9.0	11.1	10.2	5.7	7.5
2018	15.2	6.3	10.0	16.6	4.8	9.6
2019	11.2	7.0	8.8	6.9	4.5	5.5
2020	20.8	-10.2	3.3	18.2	-9.5	2.5

Percentage change on corresponding period of previous year
2015
Q1	122.6	8.4	38.3	106.9	6.8	32.8
Q2	95.2	6.9	30.9	55.4	5.9	19.3
Q3	121.0	6.9	35.3	77.4	6.3	24.0
Q4	160.1	6.8	42.0	98.3	5.3	27.0

2016
Q1	-5.7	6.9	1.5	-10.0	3.0	-2.2
Q2	-8.5	6.8	0.6	-1.3	3.0	1.0
Q3	-1.8	5.7	2.6	-8.2	1.7	-2.5
Q4	10.9	4.7	7.3	22.4	1.0	9.6

2017
Q1	12.5	8.3	9.9	2.0	5.9	4.3
Q2	7.2	7.8	7.6	6.2	4.2	5.1
Q3	17.8	9.3	12.6	30.6	5.5	14.8
Q4	18.1	10.5	13.8	4.9	7.2	5.9

2018
Q1	20.1	5.0	11.0	20.9	2.2	9.6
Q2	26.4	6.5	13.8	31.5	5.5	15.4
Q3	22.5	6.3	12.9	18.9	5.2	10.9
Q4	-2.1	7.4	3.2	-0.2	6.1	3.4

2019
Q1	6.7	7.7	7.3	0.5	5.4	3.3
Q2	12.6	6.0	8.7	7.5	3.3	5.1
Q3	11.1	6.2	8.3	9.9	3.7	6.4
Q4	14.1	8.1	10.7	9.2	5.5	7.1

2020
Q1	27.6	-1.7	11.0	23.0	1.0	10.2
Q2	21.0	-20.2	-2.8	13.2	-20.7	-5.9
Q3	22.0	-10.1	4.4	22.4	-9.3	5.1
Q4	13.5	-8.9	1.0	14.1	-8.7	1.0

2021
Q1	21.4	-6.3	7.4	25.2	-9.8	6.6
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2021 Table 6.2 (XLS 18KB)

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Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2018)¹ - Seasonally Adjusted

Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2018)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	24,292	34,986	59,278	27,404	38,184	65,589
Q2	24,497	35,445	59,942	23,739	38,701	62,440
Q3	24,999	36,151	61,150	24,579	39,229	63,809
Q4	26,933	36,617	63,550	25,853	39,351	65,204

2016
Q1	23,058	37,399	60,457	25,031	39,563	64,594
Q2	23,034	37,904	60,939	23,845	39,678	63,523
Q3	24,267	38,203	62,469	22,280	39,902	62,182
Q4	29,326	38,242	67,568	31,123	39,634	70,757

2017
Q1	26,111	40,545	66,655	25,970	41,732	67,701
Q2	25,200	40,966	66,166	25,599	41,657	67,256
Q3	28,194	41,722	69,916	28,611	42,100	70,711
Q4	34,546	42,064	76,611	32,544	42,290	74,834

2018
Q1	31,367	42,701	74,069	31,771	43,007	74,779
Q2	32,209	43,765	75,974	33,816	43,812	77,628
Q3	34,163	44,332	78,495	33,473	44,282	77,755
Q4	34,086	44,885	78,972	32,701	44,605	77,306

2019
Q1	33,388	46,212	79,600	32,159	45,288	77,447
Q2	36,308	46,592	82,901	36,264	45,647	81,912
Q3	37,629	47,046	84,675	36,321	45,871	82,192
Q4	39,486	48,102	87,588	36,209	46,767	82,976

2020
Q1	42,353	45,723	88,076	39,565	45,952	85,517
Q2	43,752	37,261	81,013	40,921	36,279	77,200
Q3	45,798	42,270	88,067	44,138	41,524	85,662
Q4	45,331	43,553	88,884	41,853	42,508	84,361

2021
Q1	51,158	43,067	94,225	49,343	41,631	90,973

Percentage change on previous quarter
2015
Q1	129.2	2.0	32.0	105.5	2.2	29.4
Q2	0.8	1.3	1.1	-13.4	1.4	-4.8
Q3	2.0	2.0	2.0	3.5	1.4	2.2
Q4	7.7	1.3	3.9	5.2	0.3	2.2

2016
Q1	-14.4	2.1	-4.9	-3.2	0.5	-0.9
Q2	-0.1	1.4	0.8	-4.7	0.3	-1.7
Q3	5.4	0.8	2.5	-6.6	0.6	-2.1
Q4	20.9	0.1	8.2	39.7	-0.7	13.8

2017
Q1	-11.0	6.0	-1.4	-16.6	5.3	-4.3
Q2	-3.5	1.0	-0.7	-1.4	-0.2	-0.7
Q3	11.9	1.8	5.7	11.8	1.1	5.1
Q4	22.5	0.8	9.6	13.7	0.5	5.8

2018
Q1	-9.2	1.5	-3.3	-2.4	1.7	-0.1
Q2	2.7	2.5	2.6	6.4	1.9	3.8
Q3	6.1	1.3	3.3	-1.0	1.1	0.2
Q4	-0.2	1.2	0.6	-2.3	0.7	-0.6

2019
Q1	-2.0	3.0	0.8	-1.7	1.5	0.2
Q2	8.7	0.8	4.1	12.8	0.8	5.8
Q3	3.6	1.0	2.1	0.2	0.5	0.3
Q4	4.9	2.2	3.4	-0.3	2.0	1.0

2020
Q1	7.3	-4.9	0.6	9.3	-1.7	3.1
Q2	3.3	-18.5	-8.0	3.4	-21.0	-9.7
Q3	4.7	13.4	8.7	7.9	14.5	11.0
Q4	-1.0	3.0	0.9	-5.2	2.4	-1.5

2021
Q1	12.9	-1.1	6.0	17.9	-2.1	7.8
¹Chain linked series not additive