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CSO statistical release, , 11am

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

2017

GVA at constant (2016) basic prices for sectors dominated by Foreign-owned MNEs and Other Sectors
 20162017 
Amount €mAmount €m% Change
Foreign-owned MNE dominated97,072107,18210.4
Other 158,143164,9774.3
Total255,215272,1606.6

Multinational sector growth was 10.4 per cent in 2017 while non-MNE dominated sectors growth was 4.3 per cent

GVA at constant (2016) basic prices for foreign-owned MNE dominated and other sectors
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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.


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.