The CSO release 'Gross Value Added for Foreign - owned Multinational Enterprises and Other Sectors Annual Results for 2018' splits the economy into 'Foreign MNE' and 'Other' sectors. Foreign-owned Multinational Enterprise (MNE) dominated sectors occur where MNE turnover on average exceeds 85% of the sector total. These 'Foreign' owned MNE dominated sectors contain NACE 18.2, 20, 21, 26, 27, 32.5 and 58-63.
This Output and Value-Added publication uses the A64 NACE classification structure.
The 'Foreign MNE' and 'Other' sectors in this Output and Value-Added publication generally follow the split in the CSO release 'Gross Value Added for Foreign - owned Multinational Enterprises and Other Sectors Annual Results for 2018' with the following exceptions:
Total GVA is the same in both. The 2018 ‘Foreign’ GVA in the 'Gross Value Added for Foreign - owned Multinational Enterprises and Other Sectors Annual Results for 2018' release is €126,040 million compared to €121,943 million in this Output and Value-Added publication, a difference of 3%. This is largely due to NACE 59 (Motion picture, video and television programme production, sound recording and music publishing), 60 (Programming and broadcasting activities) and 61 (Telecommunications) being included as ‘Foreign’ in 'Gross Value Added for Foreign - owned Multinational Enterprises and Other Sectors Annual Results for 2018' release and as ‘Other’ in this Output and Value-Added publication. The composition of sectors will change by type of ownership over time. To allow for ease of comparability over the time-series, the NACE code composition of the two groups has been maintained over the 1995-2018 period.
This Chapter contains four tables.
Table 8.1 shows the 1995-2018 time-series of Output, Intermediate consumption and GVA for 'Foreign-owned MNE' and 'Other' sectors, along with the total in €million.
Table 8.2 shows the percentage value change on the previous year for the 1995-2018 time-series of Output, Intermediate consumption and GVA for 'Foreign-owned MNE' and 'Other' sectors. Additionally, the EU 28, EU 15 and Euro area 19 GVA time-series are also provided for comparison purposes. The ‘Other’ GVA, though showing a smaller average annual GVA value increase over the period (6.9%) than the ‘Foreign-owned MNE’ (14.6%), is greater than EU averages (c. 3%).
Table 8.3 shows the percentage composition of the 1995-2018 time-series of Output, Intermediate consumption and GVA for 'Foreign-owned MNE' and 'Other' sectors, which given the higher annual average change for the ‘Foreign-owned MNE’ sectors has moved from one-fifth of the total in 1995 to over two-fifths in 2018. While the 2015 ‘level shift’ is evident, particularly for GVA, it can be seen as part of a long-standing trend for all three items.
Table 8.4 shows the ratio of Output to GVA in ‘Foreign-owned MNE’ sectors and ‘Other’ over the 1995-2018 period. This shows that the ratio in the ‘Foreign-owned MNE’ sectors has moved towards the ‘Other’ sectors ratio, particularly since the 2015 ‘level shift’. The consistency of the ratios, particularly for 'Other', over the period is striking.
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