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National Income and Expenditure 2019

Net and Gross Value Added

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The following tables show Net Value Added and Gross Value Added.

Table 1 shows Net Value Added at Factor Cost and its constituents as well as Net National Product at Factor Cost and Net National Income at Market Prices.

Table 2 shows Net Value Added at Factor Cost and Depreciation broken down by activity as well as Gross Value Added at Factor Cost and at Basic Prices.

Table 3 shows Output, Intermediate Consumption and Gross Value Added (GVA) at Basic Prices broken down by activity as well as Gross Domestic Product (GDP), Gross National Product and Gross National Income all at Current Market Prices.

Table 4 shows Gross Value Added (GVA) at Constant Basic Prices broken down by activity as well as Gross Domestic Product, Gross National Product and Gross National Income all at Constant Market Prices. This year Table 4 has been expanded to include initial estimates of Output and Intermediate Consumption at Constant Market Prices.

For more information on these tables see Methodology.

X-axis label	Agriculture forestry and fishing	Industry (excl. construction)	Construction	Distribution, transport, hotels and restaurants	Information and communication	Financial and insurance activities	Real estate activities	Professional, admin and support services	Public admin, education and health	Arts, entertainment and other services
2019	3.7	116.1	8.6	37.2	46	19.7	20.2	35.1	33.9	4.3

Figure 4.1 above shows the relative contributions of each sector. Just under 36% of total Gross Value Added at constant basic prices in 2019 was accounted for by Industry excluding Construction.

X-axis label	Agriculture forestry and fishing	Industry (excl. construction)	Construction	Distribution, transport, hotels and restaurants	Information and communication	Financial and insurance activities	Real estate activities	Professional, admin and support services	Public admin, education and health	Arts, entertainment and other services
2018-2019	28.4	3.3	7.5	3.6	17.2	5.8	1.3	3.5	3.7	1.4

Figure 4.2 above shows the growth in each sector. All sectors of the economy distinguished in Table 4 showed positive growth in 2019. Construction saw Gross Value Added (GVA) increasing by 7.5% while Information and Communication increased by 17.2%.

X-axis label	Output	Intermediate Consumption	GVA
2014	450.2	244.5	198.4
2015	533.6	276.6	251.8
2016	564.3	303	256
2017	577.1	296.3	280.5
2018	630.1	322.3	305.5
2019	660	335.3	322.2

Figure 4.3 above shows the constant price level of Output, Intermediate Consumption and Gross Value Added (GVA) over the period 2014 - 2019. Output was almost equally composed of Intermediate Consumption and GVA.

X-axis label	Intermediate Consumption	Gross Value Added
Agriculture, forestry and fishing	7.52	3.3
Industry (excluding construction)	117.97	117.3
of which Manufacturing	109.59	112.2
Construction	20.23	8.6
Distribution, transport, hotels and restaurants	32.15	37.8
Information and communication	74.09	49.8
Financial and insurance activities	34.35	19.3
Real estate activities	5.57	23
Professional, admin and support services	23.38	36.7
Public administration, education and health	13.17	34.6
Arts, entertainment and other services	4.38	4.4
Total	332.81	334.8

Figure 4.4 above shows the percentage composition of Output in 2019 by sector in current prices. While total Output is almost equally split between Intermediate Consumption and GVA there is considerable variation across sectors.

Table 1 Net Value Added at Factor Cost and Net National Income at Market Prices

Table 1 Net Value Added at Factor Cost and Net National Income at Market Prices
							€ million
Description	ESA Code	2014	2015	2016	2017	2018	2019¹
Value added from agriculture, forestry and fishing	(B.1n-D.29+D.39)	3,179	3,261	3,296	4,202	3,670	3,883
1. Income from self-employment and other trading income	B.3n	2,533	2,604	2,611	3,493	2,944	3,105
Remuneration of employees:	D.1
2. Wages and salaries	D.11	538	541	565	581	589	635
3. Employers' social contribution	D.12	109	116	120	128	137	142
Non-agricultural value added	(B.1n-D.29+D.39)	146,171	183,996	184,037	200,487	221,213	241,708
Profits and self employed earnings:
4. Domestic trading profits of companies (including corporate bodies) before tax	B.2n	57,971	91,628	83,163	93,871	106,335	117,251
5. Self employed earnings	B.3n	7,235	7,401	7,789	8,256	8,398	8,488
6. Adjustment for stock appreciation	B.2n	295	-1,103	1,234	100	451	775
7. Rent of dwellings (actual and imputed)	B.2n	8,603	9,637	10,373	11,037	13,239	15,605
of which imputed rent		6,404	7,162	7,580	8,021	9,637	11,383
8. Rent element in land annuities		0	0	0	0	0	0
Remuneration of employees:	D.1
9. Wages and salaries	D.11	60,801	63,885	68,051	72,826	77,958	84,138
10. Employers' social contribution	D.12	11,265	12,548	13,427	14,397	14,832	15,452
Adjustments:
12. Statistical discrepancy		-1,298	-251	-1,061	-268	-2,245	-1,953
13. Net value added at factor cost	(B.1n-D.29+D.39)	148,052	187,007	186,272	204,420	222,638	243,638
14. Net factor income from the rest of the world	D.1 & D.4	-31,407	-62,043	-51,082	-62,251	-70,664	-81,721
	(net to abroad)
15. Net national product at factor cost		116,644	124,963	135,190	142,169	151,975	161,917
16. National (i.e. non EU) taxes	D.2	21,260	22,487	23,471	24,649	25,705	27,405
17. National (i.e. non EU) subsidies	D.3	-1,853	-1,788	-1,768	-1,857	-1,948	-1,713
18. Net national income at market prices	B.5*n	136,051	145,662	156,893	164,961	175,732	187,609

¹Preliminary

Open in Excel: National Income and Expenditure 2019 Table 1 (XLS 25KB)

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Table 1.1 Annual Percentage Changes in the Main Constituents of Table 1

Table 2 Net Value Added at Factor Cost and Depreciation by Sector of Origin and Gross Value Added at Basic Prices

Table 2 Net Value Added at Factor Cost and Depreciation by Sector of Origin and Gross Value Added at Basic Prices
(Note the sectors here are based on NACE Rev. 2 A10. For further details see the methodology notes)
							€ million
Description	ESA Code	2014	2015	2016	2017	2018	2019 ¹
24.1 Agriculture forestry and fishing
Net value added	(B.1n-D.29+D.39)	3,180	3,261	3,296	4,202	3,670	3,883
Remuneration of employees	D.1	647	657	685	709	726	777
Other	(B.2n & B.3n)	2,533	2,604	2,611	3,493	2,944	3,105
24.2 Industry (excluding construction)
Net value added	(B.1n-D.29+D.39)	36,343	64,043	58,432	60,718	68,724	73,854
Remuneration of employees	D.1	10,493	11,199	11,987	12,567	13,357	14,326
Other	(B.2n & B.3n)	26,105	53,680	45,611	48,426	55,134	58,919
Adjustment for stock appreciation	(B.2n & B.3n)	-254	-836	834	-274	233	610
24.3 of which: Manufacturing
Net value added	(B.1n-D.29+D.39)	33,699	62,044	56,218	58,515	66,369	71,353
Remuneration of employees	D.1	9,239	9,846	10,618	11,096	11,832	12,745
Other	(B.2n & B.3n)	24,717	53,018	44,782	47,679	54,313	58,015
Adjustment for stock appreciation	(B.2n & B.3n)	-257	-820	818	-260	224	593
24.4 Construction
Net value added	(B.1n-D.29+D.39)	4,158	4,633	5,471	7,032	7,642	8,256
Remuneration of employees	D.1	2,285	2,488	2,979	3,584	3,938	4,237
Other	(B.2n & B.3n)	1,873	2,145	2,492	3,447	3,705	4,019
24.5 Distribution, transport, hotels and restaurants
Net value added	(B.1n-D.29+D.39)	25,231	26,196	28,468	30,472	30,779	31,238
Remuneration of employees	D.1	14,814	15,694	16,942	17,914	18,739	19,708
Other	(B.2n & B.3n)	9,867	10,769	11,126	12,184	11,822	11,364
Adjustment for stock appreciation	(B.2n & B.3n)	550	-267	400	374	218	165
24.6. Information and communication
Net value added	(B.1n-D.29+D.39)	15,047	18,088	18,597	22,872	28,154	36,164
Remuneration of employees	D.1	4,832	5,393	6,003	6,675	7,460	8,369
Other	(B.2n & B.3n)	10,215	12,695	12,595	16,197	20,694	27,795
24.7 Financial and insurance activities
Net value added	(B.1n-D.29+D.39)	13,617	14,931	15,114	16,262	16,290	16,926
Remuneration of employees	D.1	6,646	7,100	7,002	7,533	7,901	8,339
Other	(B.2n & B.3n)	6,972	7,831	8,112	8,729	8,389	8,588
24.8 Real estate activities
Net value added	(B.1n-D.29+D.39)	9,220	10,376	11,191	11,569	14,388	16,914
Remuneration of employees	D.1	521	586	663	719	784	855
Other	(B.2n & B.3n)	8,699	9,791	10,527	10,851	13,604	16,059
24.9 Professional, admin and support services
Net value added	(B.1n-D.29+D.39)	14,472	17,243	17,588	20,391	22,578	23,999
Remuneration of employees	D.1	7,649	8,695	9,697	10,728	11,668	13,365
Other	(B.2n & B.3n)	6,823	8,548	7,891	9,663	10,909	10,634
24.10 Public admin, education and health
Net value added	(B.1n-D.29+D.39)	25,006	25,532	26,149	27,684	29,019	30,595
Remuneration of employees	D.1	23,024	23,464	24,280	25,507	26,822	28,165
Other	(B.2n & B.3n)	1,982	2,068	1,868	2,177	2,197	2,431
24.11 Arts, entertainment and other services
Net value added	(B.1n-D.29+D.39)	3,075	2,954	3,027	3,487	3,640	3,761
Remuneration of employees	D.1	1,803	1,814	1,925	1,998	2,122	2,227
Other	(B.2n & B.3n)	1,272	1,140	1,102	1,490	1,518	1,535
26. Statistical discrepancy (equals Item 12, Table 1)		-1,298	-251	-1,061	-268	-2,245	-1,953
27. Net value added at factor cost	B.1n-D.29+D.39	148,052	187,007	186,272	204,420	222,638	243,638
28. plus Provision for depreciation	P.51c	28,733	56,392	63,828	74,246	81,723	87,854
28.1 Agriculture, forestry and fishing	P.51c	819	858	861	895	956	1,013
28.2 Industry (excluding construction)	P.51c	6,689	31,020	34,967	40,429	42,709	42,433
28.3 of which Manufacturing	P.51c	5,022	29,289	33,200	38,590	40,774	40,415
28.4 Construction	P.51c	276	269	269	289	322	359
28.5 Distribution, transport, hotels and restaurants	P.51c	3,178	3,414	3,797	4,269	4,538	5,990
28.6 Information and communication	P.51c	3,830	4,628	5,952	8,315	10,903	13,507
28.7 Financial and insurance activities	P.51c	1,051	1,284	1,398	1,579	1,754	1,877
28.8 Real estate activities	P.51c	3,908	4,085	4,362	4,696	4,963	5,507
28.9 Professional, admin and support services	P.51c	5,680	7,326	8,477	9,813	11,336	12,644
28.10 Public admin, education and health	P.51c	2,868	3,052	3,285	3,489	3,737	3,995
28.11 Arts, entertainment and other services	P.51c	434	455	459	471	505	529
29. Gross value added at factor cost	B.1g-D.29+D.39	176,785	243,399	250,100	278,666	304,362	331,492
30. Non product taxes	D.29	3,008	3,161	3,071	3,355	3,662	3,670
31. Non product subsidies	D.39	-2,191	-2,466	-2,310	-2,403	-2,491	-2,287
32. Gross value added at basic prices	B.1g	177,602	244,094	250,860	279,618	305,533	332,875

¹Preliminary

Open in Excel: National Income and Expenditure 2019 Table 2 (XLS 30KB)

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Table 3 Gross Value Added at Basic Prices by Sector of Origin and Gross National Income at Current Market Prices

Table 3 Gross Value Added at Basic Prices by Sector of Origin and Gross National Income at Current Market Prices
(Note the sectors here are based on NACE Rev. 2 A10 breakdown. For further details see the methodology notes)
							€ million
Description	ESA Code	2014	2015	2016	2017	2018	2019 ¹
46.1 Agriculture, forestry and fishing
Output	P.1	8,152	8,082	8,359	9,564	9,648	10,779
Intermediate consumption	P.2	5,725	5,729	5,801	6,082	6,741	7,515
Gross value added at basic prices	B.1g (=P.1-P.2)	2,428	2,354	2,557	3,482	2,907	3,264
46.2 Industry (excluding construction)
Output	P.1	127,027	202,119	205,776	206,703	224,477	235,260
Intermediate consumption	P.2	83,128	106,179	111,475	104,637	112,050	117,968
Gross value added at basic prices	B.1g (=P.1-P.2)	43,899	95,940	94,301	102,066	112,427	117,292
46.3 of which: Manufacturing
Output	P.1	116,977	192,218	194,952	195,396	211,604	221,746
Intermediate consumption	P.2	77,953	100,576	105,226	97,973	104,118	109,594
Gross value added at basic prices	B.1g (=P.1-P.2)	39,024	91,642	89,726	97,423	107,486	112,152
46.4 Construction
Output	P.1	13,405	15,031	19,489	24,573	26,694	28,873
Intermediate consumption	P.2	8,941	10,100	13,721	17,224	18,701	20,227
Gross value added at basic prices	B.1g (=P.1-P.2)	4,463	4,931	5,768	7,349	7,993	8,645
46.5 Distribution, transport, hotels and restaurants
Output	P.1	55,363	58,609	66,324	66,874	66,041	69,966
Intermediate consumption	P.2	26,444	28,485	33,560	31,626	30,193	32,154
Gross value added at basic prices	B.1g (=P.1-P.2)	28,919	30,124	32,765	35,248	35,848	37,812
46.6 Information and communication
Output	P.1	76,660	85,516	81,661	90,708	117,231	123,940
Intermediate consumption	P.2	57,649	62,662	56,975	59,381	78,023	74,092
Gross value added at basic prices	B.1g (=P.1-P.2)	19,011	22,853	24,687	31,327	39,208	49,848
46.7 Financial and insurance activities
Output	P.1	37,499	42,736	48,322	50,834	51,355	53,694
Intermediate consumption	P.2	22,584	26,213	31,596	32,624	32,758	34,348
Gross value added at basic prices	B.1g (=P.1-P.2)	14,915	16,523	16,726	18,210	18,597	19,346
46.8 Real estate activities
Output	P.1	17,688	19,350	20,652	21,811	24,797	28,599
Intermediate consumption	P.2	3,915	4,292	4,520	4,947	4,827	5,567
Gross value added at basic prices	B.1g (=P.1-P.2)	13,773	15,058	16,133	16,864	19,970	23,032
46.9 Professional, admin and support services
Output	P.1	35,340	39,990	45,751	50,436	56,179	60,027
Intermediate consumption	P.2	15,226	15,454	19,717	20,259	22,287	23,376
Gross value added at basic prices	B.1g (=P.1-P.2)	20,114	24,535	26,035	30,177	33,892	36,651
46.10 Public administration, education and health
Output	P.1	37,149	38,417	40,323	42,448	45,186	47,757
Intermediate consumption	P.2	9,313	9,853	10,912	11,296	12,451	13,171
Gross value added at basic prices	B.1g (=P.1-P.2)	27,836	28,564	29,411	31,152	32,735	34,586
46.11 Arts, entertainment and other services
Output	P.1	7,320	7,062	7,219	8,214	8,444	8,729
Intermediate consumption	P.2	3,778	3,600	3,681	4,202	4,243	4,376
Gross value added at basic prices	B.1g (=P.1-P.2)	3,542	3,462	3,539	4,012	4,201	4,353
47. Statistical discrepancy (equals Item 12, Table 1)		-1,298	-251	-1,061	-268	-2,245	-1,953
51. Gross value added at basic prices	B.1g	177,602	244,094	250,860	279,618	305,533	332,875
52. Product taxes	D.21	18,527	19,653	20,886	21,727	22,476	24,192
53. Product subsidies	D.31	-981	-893	-937	-958	-1,022	-1,015
54. Gross domestic product at current market prices	B.1*g	195,148	262,853	270,809	300,387	326,986	356,051
55. Net factor income from the rest of the world	D.1 & D.4	-31,407	-62,043	-51,082	-62,251	-70,664	-81,721
	(net to abroad)
56. Gross national product at current market prices		163,741	200,810	219,728	238,135	256,322	274,330
57. EU subsidies	D.3	1,318	1,571	1,479	1,504	1,566	1,589
58. EU taxes	D.2	-275	-327	-486	-433	-433	-456
59. Gross national income at current market prices	B.5*g	164,784	202,054	220,721	239,207	257,455	275,463

¹Preliminary

Open in Excel: National Income and Expenditure 2019 Table 3 (XLS 33KB)

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Table 3.1 Annual Percentage Change in the Main Constituents of Table 3

Table 4 Gross Value Added at Constant Basic Prices by Sector of Origin and Gross National Income at Constant Market Prices (chain linked annually and referenced to year 2018)

Table 4 Gross Value Added at Basic Prices by Sector of Origin and Gross National Income at Constant Market Prices (chain linked annually and referenced to year 2018)
(Note the sectors here are based on NACE Rev. 2 A10 breakdown. For further details see the methodology notes)
							€ million
Description	ESA Code	2014	2015	2016	2017	2018	2019 ¹
65.1 Agriculture, forestry and fishing
Output	P.1	8,443	8,649	9,263	9,421	9,648	11,077
Intermediate consumption	P.2	5,687	5,749	6,089	6,090	6,741	7,344
Gross value added at basic prices	B.1g (=P.1-P.2)	2,696	2,848	3,131	3,306	2,907	3,733
65.2 Industry (excluding construction)
Output	P.1	139,232	201,228	208,212	204,232	224,477	237,982
Intermediate consumption	P.2	81,443	102,058	110,166	102,926	112,050	121,869
Gross value added at basic prices	B.1g (=P.1-P.2)	54,860	99,249	97,779	101,297	112,427	116,112
65.3 of which: Manufacturing
Output	P.1	128,793	191,265	196,719	192,252	211,604	223,580
Intermediate consumption	P.2	75,942	96,481	103,167	95,746	104,118	112,668
Gross value added at basic prices	B.1g (=P.1-P.2)	49,518	94,765	93,225	96,491	107,486	110,912
65.4 Construction
Output	P.1	14,980	16,124	20,314	24,771	26,694	28,481
Intermediate consumption	P.2	9,735	10,527	14,045	17,635	18,701	19,888
Gross value added at basic prices	B.1g (=P.1-P.2)	5,342	5,697	6,308	7,150	7,993	8,593
65.5 Distribution, transport, hotels and restaurants
Output	P.1	57,054	60,165	69,767	67,057	66,041	69,255
Intermediate consumption	P.2	28,155	29,263	37,026	32,699	30,193	32,103
Gross value added at basic prices	B.1g (=P.1-P.2)	29,244	31,245	33,109	34,469	35,848	37,152
65.6 Information and communication
Output	P.1	80,085	87,889	84,876	92,346	117,231	120,886
Intermediate consumption	P.2	61,442	66,027	60,811	61,128	78,023	74,921
Gross value added at basic prices	B.1g (=P.1-P.2)	19,215	22,418	24,398	31,207	39,208	45,964
65.7 Financial and insurance activities
Output	P.1	41,260	46,135	50,887	51,818	51,355	52,940
Intermediate consumption	P.2	24,305	27,885	34,052	34,379	32,758	33,255
Gross value added at basic prices	B.1g (=P.1-P.2)	17,250	18,528	16,963	17,553	18,597	19,685
65.8 Real estate activities
Output	P.1	23,596	24,131	24,219	24,731	24,797	25,912
Intermediate consumption	P.2	4,364	4,646	4,680	4,832	4,827	5,679
Gross value added at basic prices	B.1g (=P.1-P.2)	19,286	19,494	19,544	19,896	19,970	20,233
65.9 Professional, admin and support services
Output	P.1	38,350	41,270	46,870	51,113	56,179	57,971
Intermediate consumption	P.2	15,889	16,259	20,895	20,904	22,287	22,908
Gross value added at basic prices	B.1g (=P.1-P.2)	22,439	25,045	26,086	30,228	33,892	35,063
65.10 Public administration, education and health
Output	P.1	39,205	40,430	42,095	43,384	45,186	46,963
Intermediate consumption	P.2	9,930	10,221	11,395	11,523	12,451	13,021
Gross value added at basic prices	B.1g (=P.1-P.2)	29,291	30,225	30,701	31,862	32,735	33,943
65.11 Arts, entertainment and other services
Output	P.1	7,444	7,429	7,752	8,386	8,444	8,529
Intermediate consumption	P.2	4,355	3,930	3,859	4,281	4,243	4,267
Gross value added at basic prices	B.1g (=P.1-P.2)	3,200	3,520	3,898	4,105	4,201	4,261
66. Statistical discrepancy		..	..	..	..	-2,245	-2,521
70. Gross value added at constant basic prices	B.1g	198,357	251,813	255,991	280,454	305,533	322,218
71. Product taxes	D.21	18,626	19,816	21,060	21,835	22,476	23,971
72. Product subsidies	D.31	-987	-901	-945	-963	-1,022	-1,006
73. Gross domestic product at constant market prices	B.1*g	216,270	270,719	276,116	301,324	326,986	345,184
74. Net factor income from the rest of the world	D.1 & D.4	-33,181	-61,368	-51,413	-62,424	-70,664	-80,149
	(net to abroad)
75. Gross national product at constant market prices		183,693	208,879	224,799	238,901	256,322	265,035
76. EU subsidies	D.3	1,323	1,581	1,491	1,513	1,566	1,572
77. EU taxes	D.2	-277	-330	-490	-435	-433	-452
78. Gross national income at constant market prices	B.5*g	184,742	210,141	225,800	239,979	257,455	266,155

¹Preliminary
..Chain linked series not additive except for 2018 and 2019