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Industry

Industry

Gross Value Added in Industry increased by 12.0% in 2020

Online ISSN: 2565-5337
CSO statistical release, , 11am
  • Turnover in the Industrial sector increased by 4.0% from €287.7 billion in 2019 to €299.2 billion in 2020.
  • Turnover for Large Industrial enterprises (250+ persons engaged) increased by 4.6%, while Turnover for SMEs (<250 persons engaged) increased by 1.5%.
  • Large enterprises accounted for 82.5% of total Turnover in Industry in 2020.
  • There were 19,171 Industrial enterprises in 2020, an increase of 3.1% over the previous year. This was the largest number of enterprises since 2008 when the current data series began.
  • The number of persons engaged in Industry in Ireland in 2020 decreased by 1.4% to 260,660. See Table 2.1 and PxStat Tables.
Table 2.1 Industrial sector key variables, 2018 - 20201
     Percentage change
  2018201920202019 - 2020
Industry (B-E)     
Enterprises No. 18,70318,59919,1713.1%
   of which: SMEs (<250 persons engaged)No. 18,52718,41318,9883.1%
                   Large (250+ persons engaged)No. 176186183-1.6%
Persons Engaged No. 250,635264,398260,660-1.4%
   of which: SMEs (<250 persons engaged)No. 128,787133,682128,520-3.9%
                   Large (250+ persons engaged)No. 121,848130,716132,1401.1%
Turnover €m268,289287,682299,2494.0%
   of which: SMEs (<250 persons engaged)€m47,00651,69152,4531.5%
                   Large (250+ persons engaged)€m221,283235,991246,7954.6%
Gross Value Added€m107,205114,646128,41612.0%
   of which: SMEs (<250 persons engaged)€m12,30814,83915,6405.4%
                   Large (250+ persons engaged)€m94,89799,807112,77613.0%
1Totals may differ due to rounding.
X-axis labelTurnoverGross Value Added
2018268.289107.205
2019287.682114.646
2020299.249128.416

In 2020, Gross Value Added (GVA) for Industrial enterprises increased by 12.0% to €128.4 billion when measured at factor cost. Turnover in the Industrial sector increased by 4.0% to €299.2 billion in 2020.

SMEs (<250 persons engaged)Large (250+ persons engaged)
2018128787121848
2019133682130716
2020128520132140

The number of persons engaged in Industrial SMEs decreased by 3.9%, to 128,520, in 2020. In contrast, Large Industrial enterprises recorded an increase of 1.1% to 132,140 persons engaged.

X-axis labelSMEs (<250 persons engaged)Large (250+ persons engaged)
201812.30894.897
201914.83999.807
202015.64112.776

The rate of increase in GVA in 2020 was greater for Large Industrial enterprises (13.0%) than for SMEs (5.4%). Large enterprises accounted for 87.8% of all GVA for Industrial enterprises.