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Foreign and Domestic GVA

Foreign and Domestic GVA

Multinational sector expanded by 13.6% in Q1 2025 while Non-MNE dominated was flat

Online ISSN: 2009-5775
CSO statistical release, , 11am
Table 6.1 Gross Value Added for sectors dominated by Foreign-owned MNEs and Other Sectors, Q1 20251
 Amount €mQuarterly % change
Foreign-owned MNE dominated75,34513.6
Other68,548-0.0
Total GVA (MNE dominated + Other)143,8936.7
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-dominatedOther
Q1 2023-18.02690717527784.0036741417514
Q2 20236.971612686687671.68197482438541
Q3 2023-6.670369998184640.019870918310283
Q4 2023-2.333939265114371.23872805002008
Q1 2024-6.408968607758511.32398318899332
Q2 20246.38811221340871-0.288048880400904
Q3 20249.89129947365731.91911360551136
Q4 20245.29237023165050.265698804741743
Q1 202513.5507520760969-0.00794270555497523

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:

  • Pharma and Chemical production
  • Computer, electronic and optical device manufacturing
  • Medical instrument production
  • Information & Communications, including software publishing

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.

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2023)1

Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2023)1 - Seasonally Adjusted