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Gross Value Added (GVA)

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Gross Value Added (GVA) is conceptually the same aggregate as Gross Domestic Product (GDP). They both measure the added value generated in an economy by the production of goods and services. The difference between the two concepts is that GDP is measured after including product taxes (e.g. excise duties, non-deductible VAT, etc.) and deducting product subsidies while GVA is measured prior to adding product taxes but includes product subsidies. For more information see the Background Notes.

When GVA is examined by A21 sector, Manufacturing (C) and Information & Communication (J) were the two largest sectors in 2019. The Wholesale, Retail and Motor trade (G) was the second biggest in 1995 declining to the third biggest in 2019. Construction (F), the seventh largest sector by GVA in 1995 increased to the third largest in 2005, then declined to the fourteenth largest sector by GVA in 2010 before recovering to the tenth largest in 2019. Agriculture, Forestry and Fishing (A) declined from the fifth biggest sector by GVA in 1995 to the sixteenth biggest in 2010 before recovering slightly to the fourteenth largest in 2019.

Figure 4.1 Proportional composition of Gross Value Added (GVA) by A21 sector, 1995-2019

Show Table: Table 4.1 GVA by NACE A21 sector, 1995-2019

Show Table: Table 4.2 GVA by NACE A21 sector by rank, 1995-2019 (1 = biggest sector by value, 20 = smallest sector by value)

Show Table: Table 4.3 GVA by NACE A10 sector in constant market prices, 2013-2019 (chain linked annually and referenced to year 2018)

SECTOR/TIMEManufacturingConstructionInformation and CommunicationOther
199511327.9992392923.1515013249.74412731971.472368
199612293.8849843185.9860223585.84717534459.735491
199715122.4902243761.4711144619.54936438323.978736
199818695.7754744596.7555895712.12016543692.460452
199921835.0338015582.9246446913.87305248239.251644
200025083.179156931.0482737764.29024356860.396272
200130827.3583468081.3769587843.94759861994.310645
200236372.7869648671.7556417784.69628767746.237533
200334004.6934649933.1312658438.3388776580.708932
200433013.60569611947.1083499495.38077582914.946757
200533366.63680514622.0154510238.22036191232.814212
200634344.60174917364.99234310294.877197100584.825462
200735418.76850116062.08131411382.108202112277.444447
200832885.14790911049.23237212751.756345111000.266684
200934562.845834170.48882212752.43197101129.868259
201032629.4040622342.31839814008.328193103558.38255
201136078.7050131750.37594914038.737517103097.50097
201235314.9994022701.23582515424.5521104845.687309
201335303.6338243503.60387516825.503333108790.801436
201439024.4341374463.3557519010.982757116401.356454
201591641.9148564930.93353222853.386473124917.928875
201689726.0101075768.09436224686.631988131740.547344
201797422.9608967348.94970531327.003898143787.643039
2018107486.1063657992.90139639208.110722153090.785042
2019112151.5172698645.09433949847.781836164183.768639

In the above figure, a version of which is repeated across Chapters, the 1995-2019 time-series of notable sectors of the economy are displayed.

Similarly to Output and Intermediate Consumption, Manufacturing (C) was the biggest single A21 sector of the economy when measured by GVA over the entire 1995-2019 period. Information and Communication (J) was the second biggest sector in 2019. These two sectors dominated, though not as much as for Output and Intermediate Consumption, and combined they comprised 48.4% of total GVA across the economy in 2019, which was an increase from 29.5% in 1995.

Construction (F) which had less GVA than Information and Communication in 1995, increased more than Information and Communication up to 2007, but had GVA which was less than a fifth of Information and Communication in 2019.

The Other category in the figure above is total Output less Manufacturing,  Information and Communication and Construction. Sector figures can be found in the tables above and in the full 1995-2019 time series available in the CSO's StatBank database.

Go to next chapter Compensation of Employees (COE)