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Quarterly National Accounts Quarter 2 2022

Foreign and Domestic GVA

Multinational sector grew by 6.0% in Q2 2022 while Non-MNE dominated sectors increased by 0.9%

Online ISSN: 2009-5775

CSO statistical release, 02 September 2022, 11am

Table 6.1 Gross Value Added for sectors dominated by Foreign-owned MNEs and Other Sectors, Q2 2022¹
	Amount €m	Quarterly % change
Foreign-owned MNE dominated	60,347	6.0
Other	49,686	0.9
Total GVA (MNE dominated + Other)	110,033	3.6
1Constant Market Prices, chain linked annually and referenced to year 2020, seasonally adjusted.

Open in Excel: Quarterly National Accounts Q2 2022 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 6.0% for the second quarter of 2022. GVA for the non-MNE dominated sectors of the economy rose by 0.9% over the same period.

Real GVA for the total economy amounted to just over €110 billion in the Q2 2022 reference period, with GVA for MNE dominated sectors representing approximately 54.8% of Total GVA while GVA for the non-MNE dominated sectors represented approximately 45.2% of the total.

	Foreign-owned MNE-dominated	Other
Q1 2020	12.6983085680944	-0.596049780227359
Q2 2020	3.68586275556491	-17.0274034638987
Q3 2020	7.52446150812083	11.4926352716693
Q4 2020	-1.48653593537236	2.00098205942325
Q1 2021	13.7855753406436	-1.05673013116829
Q2 2021	-0.406864551649311	2.80789359579876
Q3 2021	6.12288297196171	1.75575332438247
Q4 2021	-0.61010397350163	2.56322262283084
Q1 2022	5.75506972782991	2.18911905362793
Q2 2022	5.97422562727354	0.916988990945122

Get the data: NAQ06

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2020)¹

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2020)¹						€million
	CURRENT BASIC PRICES			CONSTANT BASIC PRICES
Period	Foreign-owned MNE dominated	Other	Total	Foreign-owned MNE dominated	Other	Total
2016	100,437	150,456	250,894	101,551	165,240	264,006
2017	112,480	162,344	274,823	112,125	172,669	282,129
2018	132,320	173,941	306,261	130,549	183,078	311,148
2019	149,816	184,763	334,579	139,477	190,826	327,821
2020	174,156	177,899	352,055	174,156	177,899	352,055
2021	204,379	197,069	401,448	210,147	186,357	396,504

2016
Q1	23,644	36,406	60,050	25,211	39,989	64,567
Q2	22,187	37,547	59,734	22,923	41,178	63,252
Q3	24,791	38,298	63,090	22,486	42,225	63,774
Q4	29,815	38,205	68,020	30,931	41,849	72,413

2017
Q1	26,001	39,067	65,067	25,538	41,979	66,800
Q2	23,199	40,122	63,321	24,576	42,376	66,178
Q3	28,661	41,278	69,939	29,587	43,945	72,896
Q4	34,620	41,876	76,496	32,424	44,369	76,256

2018
Q1	31,942	41,031	72,973	31,161	43,229	73,815
Q2	30,017	43,096	73,113	32,148	45,394	76,921
Q3	35,766	44,264	80,031	34,824	46,786	81,021
Q4	34,594	45,551	80,145	32,416	47,669	79,392

2019
Q1	34,861	44,462	79,323	31,328	45,769	76,438
Q2	34,671	45,628	80,299	34,312	46,958	80,659
Q3	40,437	46,752	87,189	38,530	48,477	86,469
Q4	39,847	47,922	87,768	35,307	49,621	84,255

2020
Q1	42,845	46,187	89,031	40,554	46,619	86,907
Q2	39,597	40,255	79,852	41,061	39,505	80,692
Q3	50,549	44,579	95,129	49,707	45,130	95,126
Q4	41,165	46,878	88,043	42,834	46,644	89,330

2021
Q1	50,658	44,706	95,364	51,053	43,477	94,530
Q2	46,250	48,785	95,035	49,300	45,671	94,971
Q3	57,802	50,454	108,255	59,298	47,638	106,936
Q4	49,669	53,124	102,792	50,496	49,571	100,067

2022
Q1	56,815	51,080	107,895	57,128	47,658	104,786
Q2	55,934	56,522	112,456	58,154	49,135	107,290

Annual Percentage Changes
2016	-0.6	5.1	2.7	0.4	2.1	1.4
2017	12.0	7.9	9.5	10.4	4.5	6.9
2018	17.6	7.1	11.4	16.4	6.0	10.3
2019	13.2	6.2	9.2	6.8	4.2	5.4
2020	16.2	-3.7	5.2	24.9	-6.8	7.4
2021	17.4	10.8	14.0	20.7	4.8	12.6

Percentage change on corresponding period of previous year
2016
Q1	-5.4	6.1	1.2	-10.7	3.1	-2.3
Q2	-8.0	6.2	0.4	-1.3	3.1	0.9
Q3	-1.3	4.7	2.2	-8.4	1.5	-2.7
Q4	11.3	3.5	6.8	23.0	0.6	9.5

2017
Q1	10.0	7.3	8.4	1.3	5.0	3.5
Q2	4.6	6.9	6.0	7.2	2.9	4.6
Q3	15.6	7.8	10.9	31.6	4.1	14.3
Q4	16.1	9.6	12.5	4.8	6.0	5.3

2018
Q1	22.9	5.0	12.1	22.0	3.0	10.5
Q2	29.4	7.4	15.5	30.8	7.1	16.2
Q3	24.8	7.2	14.4	17.7	6.5	11.1
Q4	-0.1	8.8	4.8	-0.0	7.4	4.1

2019
Q1	9.1	8.4	8.7	0.5	5.9	3.6
Q2	15.5	5.9	9.8	6.7	3.4	4.9
Q3	13.1	5.6	8.9	10.6	3.6	6.7
Q4	15.2	5.2	9.5	8.9	4.1	6.1

2020
Q1	22.9	3.9	12.2	29.5	1.9	13.7
Q2	14.2	-11.8	-0.6	19.7	-15.9	0.0
Q3	25.0	-4.6	9.1	29.0	-6.9	10.0
Q4	3.3	-2.2	0.3	21.3	-6.0	6.0

2021
Q1	18.2	-3.2	7.1	25.9	-6.7	8.8
Q2	16.8	21.2	19.0	20.1	15.6	17.7
Q3	14.3	13.2	13.8	19.3	5.6	12.4
Q4	20.7	13.3	16.8	17.9	6.3	12.0

2022
Q1	12.2	14.3	13.1	11.9	9.6	10.8
Q2	20.9	15.9	18.3	18.0	7.6	13.0
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q2 2022 Table 6.2 (XLS 19KB)

Visit Table NAQ06 on PxStat

Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2020)¹ - Seasonally Adjusted

Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2020)¹ - Seasonally Adjusted						€million
	CURRENT BASIC PRICES			CONSTANT BASIC PRICES
Period	Foreign-owned MNE dominated	Other	Total	Foreign-owned MNE dominated	Other	Total
2016
Q1	23,214	37,208	60,421	24,759	41,057	65,816
Q2	23,220	37,490	60,710	23,525	41,436	64,961
Q3	24,436	37,863	62,299	22,004	41,504	63,508
Q4	29,081	37,855	66,935	30,945	41,209	72,154

2017
Q1	25,733	39,776	65,509	25,486	43,114	68,600
Q2	24,807	40,232	65,040	25,474	42,667	68,141
Q3	27,793	40,873	68,666	28,471	43,241	71,712
Q4	33,667	41,374	75,041	32,403	43,569	75,972

2018
Q1	31,677	42,053	73,730	31,424	44,456	75,881
Q2	32,559	42,979	75,538	33,479	45,735	79,213
Q3	34,055	43,908	77,963	32,904	46,095	78,999
Q4	34,010	44,857	78,867	32,766	46,644	79,410

2019
Q1	34,554	45,500	80,054	31,759	47,134	78,893
Q2	37,684	45,655	83,339	35,642	47,384	83,026
Q3	37,909	46,422	84,331	35,853	47,788	83,641
Q4	39,967	47,059	87,026	36,395	48,385	84,781

2020
Q1	42,339	47,471	89,810	41,017	48,097	89,114
Q2	42,791	40,163	82,955	42,529	39,907	82,436
Q3	46,950	44,306	91,257	45,729	44,494	90,222
Q4	42,046	45,936	87,982	45,049	45,384	90,433

2021
Q1	49,938	46,295	96,233	51,259	44,904	96,164
Q2	49,596	48,385	97,981	51,051	46,165	97,216
Q3	53,468	50,160	103,628	54,176	46,976	101,152
Q4	51,363	52,003	103,366	53,846	48,180	102,026

2022
Q1	55,883	52,929	108,812	56,945	49,235	106,179
Q2	59,715	56,072	115,787	60,347	49,686	110,033

Percentage change on previous quarter
2016
Q1	-12.8	1.6	-4.4	-3.1	0.1	-1.1
Q2	0.0	0.8	0.5	-5.0	0.9	-1.3
Q3	5.2	1.0	2.6	-6.5	0.2	-2.2
Q4	19.0	-0.0	7.4	40.6	-0.7	13.6

2017
Q1	-11.5	5.1	-2.1	-17.6	4.6	-4.9
Q2	-3.6	1.1	-0.7	-0.0	-1.0	-0.7
Q3	12.0	1.6	5.6	11.8	1.3	5.2
Q4	21.1	1.2	9.3	13.8	0.8	5.9

2018
Q1	-5.9	1.6	-1.7	-3.0	2.0	-0.1
Q2	2.8	2.2	2.5	6.5	2.9	4.4
Q3	4.6	2.2	3.2	-1.7	0.8	-0.3
Q4	-0.1	2.2	1.2	-0.4	1.2	0.5

2019
Q1	1.6	1.4	1.5	-3.1	1.1	-0.6
Q2	9.1	0.3	4.1	12.2	0.5	5.2
Q3	0.6	1.7	1.2	0.6	0.9	0.7
Q4	5.4	1.4	3.2	1.5	1.2	1.4

2020
Q1	5.9	0.9	3.2	12.7	-0.6	5.1
Q2	1.1	-15.4	-7.6	3.7	-17.0	-7.5
Q3	9.7	10.3	10.0	7.5	11.5	9.4
Q4	-10.4	3.7	-3.6	-1.5	2.0	0.2

2021
Q1	18.8	0.8	9.4	13.8	-1.1	6.3
Q2	-0.7	4.5	1.8	-0.4	2.8	1.1
Q3	7.8	3.7	5.8	6.1	1.8	4.0
Q4	-3.9	3.7	-0.3	-0.6	2.6	0.9

2022
Q1	8.8	1.8	5.3	5.8	2.2	4.1
Q2	6.9	5.9	6.4	6.0	0.9	3.6
¹Chain linked series not additive