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Foreign-owned Multinational Enterprises

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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:

  • NACE 18 is a single A64 code and as NACE 18.2 is a minority of NACE 18, it is included in 'Other' in this Output and Value-Added publication.
  • The majority of A64 code NACE 31-32 is composed of NACE 32.5 and is included in 'Foreign MNE' in this Output and Value-Added publication.
  • NACE 58, 59-60, 61, 62-63 are four separate A64 codes. NACE 58 and 62-63 are included in 'Foreign MNE' while NACE 59-60 and 61 are in 'Other' in this Output and Value-Added publication.            

Total GVA is the same in both. In 2019 total GVA was €334,828 million at current basic prices. The 2019 ‘Foreign’ GVA in the above release is €146,540 million in current basic prices compared to €142,431 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 ‘Foreign’ in the above 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 1995-2019 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 €million.

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 ‘Other’ GVA, though showing a smaller average annual GVA value increase over the period (6.8%) than the ‘Foreign-owned MNE’ (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 ‘Foreign-owned MNE’ sectors has moved from one-fifth of the total in 1995 to over two-fifths in 2019. 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 1995-2019 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.

Show Table: Table 8.1 Output, Intermediate Consumption and GVA accounted for by Foreign owned Multinational enterprise dominated sectors and Others, 1995-2019

Show Table: Table 8.2 Output, Intermediate consumption and GVA percentage value change on the previous year by Foreign owned Multinational enterprise dominated sectors and Others for Ireland and EU, 1995-2019

Show Table: Table 8.3 Percentage of Output, Intermediate consumption and GVA accounted for by Foreign owned Multinational enterprise dominated sectors and Others, 1995-2019

Show Table: Table 8.4 Ratio of Output:GVA in Foreign owned Multinational enterprise dominated sectors and Others, 1995-2019

Go to next chapter Background Notes