| GVA at constant (2019) basic prices for sectors dominated by Foreign-owned MNEs and Other sectors | |||
| 2019 | 2020 | ||
| Amount €m | Amount €m | % change | |
| Foreign-owned MNE dominated | 151,115 | 186,070 | 23.1 |
| Other | 184,185 | 168,127 | -8.7 |
| Total | 335,300 | 354,198 | 5.6 |
Gross Value Added (GVA) at constant (2019) basic prices for the non-MNE dominated sectors of the economy declined by 8.7% between 2019 and 2020. The sectors where foreign-owned multinational enterprises are dominant grew by 23.1% over the same period, resulting in an overall growth rate of 5.6%.
Real GVA for the total economy was over €350 billion for the first time in the 2020 reference period, with GVA for MNE dominated sectors exceeding €186 billion while GVA for the non-MNE dominated sectors was €168 billion.
Of the larger non-MNE dominated sectors, there were declines in the Wholesale & Retail sector including the sale and repair of motor vehicles (-4.6%), Administrative and support service activities (-14.6%), Real estate activities (-1.4%), Financial and insurance activities sector (-8.6%), Legal, accounting; management consultancy, architecture and engineering activities (-0.8%) and Construction (-10.2%). The AgriFood, Forestry and Fishing sector showed a year-on-year fall of -7.4% in 2020 compared with 2019.
Amongst the larger MNE dominated sectors, there was growth in Publishing, audio-visual and broadcasting activities (+20.7%), Computer programming and information service activities (+8.6%) and Manufacturing of chemicals and chemical products, solid fuel coke and refined petroleum products (+24.0%).
The share of total GVA at constant prices accounted for by the foreign-owned MNE dominated sectors stood at 52.5% in 2020, a significant increase from 45.1% in 2019.
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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 and Expenditure 2020 publication issued in July 2021. For information on chain linking see NIE 2020 Methodology Note. The data tables contained in this report as well as data for earlier years can be downloaded from the PxStat database service on the CSO website. |
