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The CSO release 'Gross Value Added for Foreign - owned Multinational Enterprises and Other Sectors Annual Results for 2019' 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 above CSO release with the following exceptions:
Total GVA is the same in both. In 2019 total GVA was âŹ334,828 million at current basic prices. The 2019 âForeignâ GVA in the above release is âŹ146,540 million in current basic prices compared to âŹ142,431 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 âForeignâ in the above release and as âOtherâ 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 1995-2019 period.
This Chapter contains four tables.
Table 8.1 shows the 1995-2019 time-series of Output, Intermediate consumption and GVA for 'Foreign-owned MNE' and 'Other' sectors, along with the total in âŹmillion.
Table 8.2 shows the percentage value change on the previous year for the 1995-2019 time-series of Output, Intermediate consumption and GVA for 'Foreign-owned MNE' and 'Other' sectors. The âOtherâ GVA, though showing a smaller average annual GVA value increase over the period (6.8%) than the âForeign-owned MNEâ (14.8%), is greater than EU 28, EU 15 and Euro area 19 averages (c. 3%).
Table 8.3 shows the percentage composition of the 1995-2019 time-series of Output, Intermediate consumption and GVA for 'Foreign-owned MNE' and 'Other' sectors, which given the higher annual average change for the âForeign-owned MNEâ sectors has moved from one-fifth of the total in 1995 to over two-fifths in 2019. While the 2015 âlevel shiftâ 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 âForeign-owned MNEâ sectors and âOtherâ over the 1995-2019 period. This shows that the ratio in the âForeign-owned MNEâ sectors has moved towards the âOtherâ sectors ratio, particularly since the 2015 âlevel shiftâ. The consistency of the ratios, particularly for 'Other', over the period is striking.
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