| GVA at constant (2016) basic prices for sectors dominated by Foreign-owned MNEs and Other Sectors | |||
| 2016 | 2017 | ||
| Amount €m | Amount €m | % Change | |
| Foreign-owned MNE dominated | 97,072 | 107,182 | 10.4 |
| Other | 158,143 | 164,977 | 4.3 |
| Total | 255,215 | 272,160 | 6.6 |
Gross Value Added (GVA) at constant (2016) basic prices for the non-MNE dominated sectors of the economy increased by 4.3 per cent between 2016 and 2017. The sectors where foreign-owned multinational enterprises are dominant grew by 10.4 per cent over the same period, resulting in an overall growth rate of 6.6 per cent.
Real GVA for the total economy exceeded €270 billion for the first time in the 2017 reference period, with GVA for MNE dominated sectors exceeding €107 billion while GVA for the non-MNE dominated sectors was almost €165 billion.
Of the larger non-MNE dominated sectors, growth was positive in the Financial and insurance activities sector (+2.4 per cent), Administrative and support service activities (+5.3 per cent), Real estate activities (+1.3 per cent), Legal, accounting; management consultancy, architecture and engineering activities (+28.9 per cent) and Construction (+15.2 per cent). The AgriFood, Forestry and Fishing sector showed an increase of +2.4 per cent in 2017 compared with 2016. There was a slight year-on-year decline in the Wholesale & Retail sector including the sale and repair of motor vehicles (-0.4 per cent).
Amongst the larger MNE dominated sectors, growth was positive in Publishing, audio-visual and broadcasting activities (+28.2 per cent), Computer programming and information service activities (+4.1 per cent) and Manufacturing of chemicals and chemical products, solid fuel coke and refined petroleum products (+1.5 per cent).
The share of total GVA at constant prices accounted for by the foreign-owned MNE dominated sectors stood at 39.4 per cent in 2017, a slight increase from 38.0 per cent in 2016.
|
The composition of the sectors dominated by foreign-owned multinational enterprises in terms of constituent Nace Rev 2 codes is given in Table 3 of this release. For data at the more detailed 37 sectoral breakdown level, please refer to Tables 21 and 22 of the National Income & Expenditure 2017 publication issued in August 2018. For information on chain linking see NIE 2017 Methodology Note.
|
| Foreign-owned MNE dominated | Other | |
| 2012 | -0.21386707523399 | -1.34569037570234 |
| 2013 | -0.37898441755235 | 2.11238464869501 |
| 2014 | 3.3097458490078 | 4.61417429458539 |
| 2015 | 21.1726645112295 | 5.99486585780921 |
| 2016 | 2.43716070676835 | 3.37495211247309 |
| 2017 | 3.96166651908204 | 2.67779074840143 |
| Foreign-owned MNE dominated | Other | |
| 2012 | -0.21386707523399 | -1.34569037570234 |
| 2013 | -0.37898441755235 | 2.11238464869501 |
| 2014 | 3.3097458490078 | 4.61417429458539 |
| 2015 | 21.1726645112295 | 5.99486585780921 |
| 2016 | 2.43716070676835 | 3.37495211247309 |
| 2017 | 3.96166651908204 | 2.67779074840143 |
| Table 1 Gross Value Added at Current Basic Prices | €million | |||||
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |
| Foreign-owned MNE dominated | 40,336 | 40,557 | 45,279 | 99,126 | 97,072 | 108,076 |
| Other | 118,200 | 124,453 | 134,071 | 146,456 | 158,143 | 167,871 |
| Total | 158,536 | 165,009 | 179,351 | 245,583 | 255,215 | 275,947 |
| Annual Percentage Changes | ||||||
| Foreign-owned MNE dominated | 0.8% | 0.5% | 11.6% | 118.9% | -2.1% | 11.3% |
| Other | 2.8% | 5.3% | 7.7% | 9.2% | 8.0% | 6.2% |
| Total | 2.2% | 4.1% | 8.7% | 36.9% | 3.9% | 8.1% |
| Table 2 Gross Value Added at Constant Basic Prices (Chain-linked annually and referenced to year 2016) | €million | |||||
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |
| Foreign-owned MNE dominated | 44,784 | 44,144 | 49,954 | 91,218 | 97,072 | 107,182 |
| Other | 126,692 | 130,255 | 138,354 | 150,037 | 158,143 | 164,977 |
| Total | 172,748 | 175,742 | 189,668 | 241,196 | 255,215 | 272,160 |
| Annual Percentage Changes | ||||||
| Foreign-owned MNE dominated | -0.8% | -1.4% | 13.2% | 82.6% | 6.4% | 10.4% |
| Other | -1.8% | 2.8% | 6.2% | 8.4% | 5.4% | 4.3% |
| Total | -1.6% | 1.7% | 7.9% | 27.2% | 5.8% | 6.6% |
| Table 3 Composition of Foreign-owned multinational enterprise dominated sector and Other sectors1 | ||
| Description | Nace code | Percentage of 2017 GVA at constant basic prices |
| Chemicals and chemical products | 20 | 2.4% |
| Software and communications sectors | 58-63 | 10.1% |
| Other NACE sectors dominated by Foreign-owned MNEs2 | 18.2, 21, 26, 27 and 32.5 | 26.9% |
| (Reproduction of recorded media, Basic pharmaceutical products and pharmaceutical preparations, Computer, electronic and optical products, Electrical equipment, Medical and dental instruments and supplies) | ||
| Foreign-owned MNE dominated Total | 39.4% | |
| “Other” Sector | 60.6% | |
| The "Other" Sector includes all Nace sectors excluding those listed as part of the Foreign-owned MNE dominated sector above and includes Wholesale & Retail sector incl the sale and repair of motor vehicles, Administrative & support service activities, Construction, Accommodation & food services and the Manufacture of Food, beverages & tobacco products | ||
| 1 Foreign-owned Multinational Enterprise (MNE) dominated sectors occur where MNE turnover on average exceeds 85% of the sector total | ||
| 2 Nace Rev.2 divisions 18, 21, 26, 27 & 32.5 are collapsed together for 2017 for confidentiality reasons | ||
Gross Value Added at Constant Basic Prices Nace Rev 2
This release provides gross value added at current basic prices and constant basic prices (chain linked and referenced to 2016) for the economy divided into two sectors, namely
(a) the economic sectors dominated by Foreign-owned Multi National Enterprises and
(b) all other remaining sectors.
It also provides data concerning the composition of the Foreign-owned multinational dominated sector.
Gross value added at basic prices is measured as the difference between output at basic prices and intermediate consumption at purchasers' prices.
The sectoral data underlying the aggregates in the release are the same as those used for National Income & Expenditure (NIE 2017) Tables 4, which gives a breakdown of the economy at Constant Basic Prices by 10 principal economic sectors (Nace Rev.2 A10), and NIE Table 22 which illustrates a 37 sector breakdown of the Irish economy. The correspondence with the relevant A10 sections of NACE Rev.2 is as follows:
|
Agriculture, forestry and fishing |
Section A |
|
Industry (excluding Construction) |
Sections B, C, D, E |
|
Of which: Manufacturing |
Section C |
|
Construction |
Section F |
|
Distribution, transport, hotels and restaurants |
Sections G, H, I |
|
Information and communication |
Section J |
|
Financial and insurance activities |
Section K |
|
Real estate activities |
Section L |
|
Professional, admin and support services |
Sections M, N |
|
Public admin, education and health |
Sections O, P, Q |
|
Arts, entertainment and other services |
Sections R, S, T |
National accounts are compiled in the EU according to the European System of National and Regional Accounts (ESA) framework. In 2014, the new ESA 2010 framework replaced the ESA 95 version and all EU member states were required to adopt ESA 2010 by September 2014. ESA 2010 is the European version of the current UN mandated international standards for national accounts statistics, the System of National Accounts (SNA) 2008. The results for all years in this release are published on an ESA 2010 basis.
Nace Classification
In compliance with EU regulations the contents of the sectors in this release conform to the Nace Rev. 2 system which corresponds with the UN International Standard Industrial Classification (ISIC Rev 4).
In table 3, the following is the correspondence with the relevant NIE and Nace Rev. 2 sectors:
|
NIE Sectors |
Nace 2 Sections |
Foreign-owned |
Other |
|
Agriculture, forestry and fishing |
Section A |
|
01-03 |
|
Industry (excluding Construction) |
Sections B to E |
18.2, 20, 21, 26, |
05-18.1, |
|
Of which: Manufacturing |
Section C |
18.2, 20, 21, 26, |
10-18.1, |
|
Construction |
Section F |
41-43 |
|
|
Distribution, transport, hotels and restaurants |
Sections G to I |
|
45-56 |
|
Information and communication |
Section J |
58, 63 |
n.a. |
|
Financial and insurance activities |
Section K |
64-66 |
|
|
Real estate activities |
Section L |
68 |
|
|
Professional, admin and support services |
Sections M to N |
69-82 |
|
|
Public admin, education and health |
Sections O to Q |
|
84-88 |
|
Arts, entertainment and other services |
Sections R to T |
|
90-98 |
For further information on the Nace Rev. 2 classification of industrial activity, click here.
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