Table 6.1 Gross Value Added for sectors dominated by Foreign-owned MNEs and Other Sectors, Q1 20251 | ||
Amount €m | Quarterly % change | |
Foreign-owned MNE dominated | 75,345 | 13.6 |
Other | 68,548 | -0.0 |
Total GVA (MNE dominated + Other) | 143,893 | 6.7 |
1Constant Market Prices, chain linked annually and referenced to year 2023, seasonally adjusted |
On a seasonally adjusted basis, estimates indicate that Gross Value Added (GVA) in volume terms in the Foreign-owned MNE dominated sector rose by 13.6% for the first quarter of 2025, largely driven by an expansion in the Industry (excluding Construction) sector of 16.5% quarter-on-quarter. GVA for the non-MNE dominated sectors of the economy was largely flat over the same period.
Real GVA for the total economy amounted to almost €144 billion in the Q1 2025 reference period, with GVA for MNE dominated sectors representing approximately 52.4% of Total GVA while GVA for the non-MNE dominated sectors represented approximately 47.6% of the total.
Foreign-owned MNE-dominated | Other | |
Q1 2023 | -18.0269071752778 | 4.0036741417514 |
Q2 2023 | 6.97161268668767 | 1.68197482438541 |
Q3 2023 | -6.67036999818464 | 0.019870918310283 |
Q4 2023 | -2.33393926511437 | 1.23872805002008 |
Q1 2024 | -6.40896860775851 | 1.32398318899332 |
Q2 2024 | 6.38811221340871 | -0.288048880400904 |
Q3 2024 | 9.8912994736573 | 1.91911360551136 |
Q4 2024 | 5.2923702316505 | 0.265698804741743 |
Q1 2025 | 13.5507520760969 | -0.00794270555497523 |
The classification of value added for the total economy between (a) the Foreign-owned MNE dominated sector and (b) the Other sector in Tables 6.2 and 6.3 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:
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.
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