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For more information on this release:
E-mail: nat_acc@cso.ie Michael Connolly (+353)1 498 4006 Gordon Cavanagh (+353)1 498 4307
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-7808
CSO statistical release, , 11am

Gross Value Added for Foreign-owned Multinational Enterprises and Other Sectors Annual Results

2018

GVA at constant (2017) basic prices for sectors dominated by Foreign-owned MNEs and Other Sectors
 20172018 
Amount €mAmount €m% Change
Foreign-owned MNE dominated111,353126,85213.9
Other 165,894172,3983.9
Total277,246299,2517.9

Multinational sector growth was 13.9 per cent in 2018 while non-MNE dominated sectors growth was 3.9 per cent

GVA at constant (2017) basic prices for foreign-owned MNE dominated and other sectors
go to full release

Gross Value Added (GVA) at constant (2017) basic prices for the non-MNE dominated sectors of the economy increased by 3.9 per cent between 2017 and 2018.  The sectors where foreign-owned multinational enterprises are dominant grew by 13.9 per cent over the same period, resulting in an overall growth rate of 7.9 per cent.

Real GVA for the total economy was almost €300 billion for the first time in the 2018 reference period, with GVA for MNE dominated sectors almost €127 billion while GVA for the non-MNE dominated sectors exceeded €172 billion.

Of the larger non-MNE dominated sectors, growth was positive in the Wholesale and retail sector including the sale and repair of motor vehicles (+6.2 per cent), Financial and insurance activities sector (+2.3 per cent), Administrative and support service activities (+3.1 per cent), Real estate activities (+0.4 per cent), Legal, accounting, management consultancy, architecture and engineering activities (+17.7 per cent) and Construction (+11.0 per cent). The AgriFood, forestry and fishing sector showed a year-on-year decline of -3.5 per cent in 2018 compared with 2017.

Amongst the larger MNE dominated sectors, growth was positive in Publishing, audio-visual and broadcasting activities (+35.3 per cent), Computer programming and information service activities (+8.6 per cent) and Manufacturing of chemicals and chemical products, solid fuel coke and refined petroleum products (+46.1 per cent).

The share of total GVA at constant prices accounted for by the foreign-owned MNE dominated sectors stood at 42.4 per cent in 2018, an increase from 40.2 per cent in 2017.

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 2018 publication issued in August 2019.  For information on chain linking see NIE 2018 Methodology Note.


The data tables contained in this report as well as data for earlier years can be downloaded from the StatBank database service on the CSO Website.

 

Foreign-owned MNE dominatedOther
2013-0.3440744746246851.89592193122801
20142.940863671083384.40342720024182
201521.22599230107474.63413122551317
20162.408392323766492.26208922482268
20174.028325837617572.92417082531029
20185.590623572614972.3461618201698
Foreign-owned MNE dominatedOther
2013-0.3440744746246851.89592193122801
20142.940863671083384.40342720024182
201521.22599230107474.63413122551317
20162.408392323766492.26208922482268
20174.028325837617572.92417082531029
20185.590623572614972.3461618201698
Table 1 Gross Value Added at Current Basic Prices€million
 201320142015201620172018
 
Foreign-owned MNE dominated40,61645,181100,347100,013111,353126,040
Other123,949133,391144,143153,998165,894177,036
Total164,565178,572244,490254,011277,246303,076
 
Annual Percentage Changes
Foreign-owned MNE dominated0.6%11.2%122.1%-0.3%11.3%13.2%
Other5.0%7.6%8.1%6.8%7.7%6.7%
Total3.9%8.5%36.9%3.9%9.1%9.3%
Table 2 Gross Value Added at Constant Basic Prices (Chain-linked annually and referenced to year 2017)€million
 201320142015201620172018
       
Foreign-owned MNE dominated46,60151,99095,063100,944111,353126,852
Other135,342143,410152,814158,338165,894172,398
Total183,309196,771247,657259,224277,246299,251
       
Annual Percentage Changes      
Foreign-owned MNE dominated-1.3%11.6%82.8%6.2%10.3%13.9%
Other2.5%6.0%6.6%3.6%4.8%3.9%
Total1.6%7.3%25.9%4.7%7.0%7.9%
Table 3 Composition of Foreign-owned multinational enterprise dominated sector and Other sectors1
DescriptionNace codePercentage of 2018 GVA at constant basic prices
Chemicals and chemical products203.4%
Software and communications sectors58-6312.8%
Other NACE sectors dominated by Foreign-owned MNEs218.2, 21, 26, 27 and 32.526.2%
(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 Total42.4%
  
“Other” Sector57.6%
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 including 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 2018 for confidentiality reasons

Background Notes

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 2017) 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 2018) Table 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
MNE dominated
(Nace codes)

Other
(Nace codes)

Agriculture, forestry and fishing  

Section A

 

01-03

Industry (excluding Construction)

Sections B to E

18.2, 20, 21, 26,
27 and 32.5

05-18.1,
19, 22-25,
28-32.4 and
32.9-39

Of which: Manufacturing

Section C

18.2, 20, 21, 26,
27 and 32.5

10-18.1,
19, 22-25
28-32.4 and
32.9-33

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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