You are here: Home / Statistics / Quarterly National Accounts Quarter 1 2023 Provisional / Foreign and Domestic GVA

Quarterly National Accounts Quarter 1 2023 Provisional

Foreign and Domestic GVA

Multinational sector contracted by 15.7% in Q1 2023 while Non-MNE dominated sectors grew by 2.7%

Online ISSN: 2009-5775

CSO statistical publication, 02 June 2023, 11am

Table 6.1 Gross Value Added for sectors dominated by Foreign-owned MNEs and Other Sectors, Q1 2023¹
	Amount €m	Quarterly % change
Foreign-owned MNE dominated	58,168	-15.7
Other	51,530	2.7
Total GVA (MNE dominated + Other)	109,697	-8.0
¹Constant Market Prices, chain linked annually and referenced to year 2020, seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2023 Table 6.1 (XLS 10KB)

On a seasonally adjusted basis, estimates indicate that Gross Value Added (GVA) in volume terms in the Foreign-owned MNE dominated sector declined by 15.7% for the first quarter of 2023, largely driven by a contraction in the Industry (excluding Construction) sector of 18.2% quarter-on-quarter. GVA for the non-MNE dominated sectors of the economy grew by 2.7% over the same period.

Real GVA for the total economy amounted to almost €110 billion in the Q1 2023 reference period, with GVA for MNE dominated sectors representing approximately 53.0% of Total GVA while GVA for the non-MNE dominated sectors represented approximately 47.0% of the total.

	Foreign-owned MNE-dominated	Other
Q1 2020	12.9227849199372	-0.804711492804755
Q2 2020	3.52349947424226	-17.2665065064357
Q3 2020	7.67828012450753	11.9137939893764
Q4 2020	-2.24904120344037	2.31099695145869
Q1 2021	15.2252787332094	-1.5454127205565
Q2 2021	-1.11068912665456	2.4393825308159
Q3 2021	6.57529300130328	2.38278281501256
Q4 2021	-2.27194563017205	3.06289278566501
Q1 2022	9.33351568072092	1.96958945799719
Q2 2022	5.26035358520298	1.31849740610661
Q3 2022	2.78271846886102	-0.0683059973902611
Q4 2022	9.81860476203429	0.254077353667204
Q1 2023	-15.700585506538	2.69073829937427

Get the data: NAQ06

The classification of value added for the total economy between (a) the Foreign-owned MNE dominated sector and (b) the Other sector in Tables 6.2 and 6.3 is determined by business accounting turnover. Foreign-owned MNE dominated sectors are defined as those where MNE turnover on average exceeds 85% of the sector total. Economic activity classified to the Non-MNE dominated sector falls below this turnover threshold.

The main sectors dominated by MNEs in Ireland are:

Pharma and Chemical production
Computer, electronic and optical device manufacturing
Medical instrument production
Information & Communications, including software publishing

The combination of all remaining non-MNE dominated sectors provides an estimation of the value-added contribution of the domestic-facing side of the economy to the overall economy.

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2020)¹

Table 6.2 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2020)¹						€million
	CURRENT BASIC PRICES			CONSTANT BASIC PRICES
Period	Foreign-owned MNE dominated	Other	Total	Foreign-owned MNE dominated	Other	Total
2017	112,480	162,344	274,823	112,125	172,669	282,129
2018	132,320	173,941	306,261	130,549	183,078	311,148
2019	149,816	184,763	334,579	139,477	190,826	327,821
2020	174,156	177,899	352,055	174,156	177,899	352,055
2021	204,379	197,069	401,448	210,147	186,357	396,504
2022	250,487	224,118	474,604	250,901	199,687	450,589

2017
Q1	26,001	39,067	65,067	25,538	41,979	66,800
Q2	23,199	40,122	63,321	24,576	42,376	66,178
Q3	28,661	41,278	69,939	29,587	43,945	72,896
Q4	34,620	41,876	76,496	32,424	44,369	76,256

2018
Q1	31,942	41,031	72,973	31,161	43,229	73,815
Q2	30,017	43,096	73,113	32,148	45,394	76,921
Q3	35,766	44,264	80,031	34,824	46,786	81,021
Q4	34,594	45,551	80,145	32,416	47,669	79,392

2019
Q1	34,861	44,462	79,323	31,328	45,769	76,438
Q2	34,671	45,628	80,299	34,312	46,958	80,659
Q3	40,437	46,752	87,189	38,530	48,477	86,469
Q4	39,847	47,922	87,768	35,307	49,621	84,255

2020
Q1	42,845	46,187	89,031	40,554	46,619	86,907
Q2	39,597	40,255	79,852	41,061	39,505	80,692
Q3	50,549	44,579	95,129	49,707	45,130	95,126
Q4	41,165	46,878	88,043	42,834	46,644	89,330

2021
Q1	50,658	44,706	95,364	51,053	43,477	94,530
Q2	46,250	48,785	95,035	49,300	45,671	94,971
Q3	57,802	50,454	108,255	59,298	47,638	106,936
Q4	49,669	53,124	102,792	50,496	49,571	100,067

2022
Q1	57,315	51,249	108,564	57,579	47,976	105,555
Q2	57,234	56,615	113,849	59,033	49,872	108,906
Q3	68,768	58,082	126,850	68,692	50,640	119,332
Q4	67,170	58,171	125,341	65,597	51,199	116,796

2023
Q1	58,467	54,979	113,446	57,597	50,103	107,700

Annual Percentage Changes
2017	12.0	7.9	9.5	10.4	4.5	6.9
2018	17.6	7.1	11.4	16.4	6.0	10.3
2019	13.2	6.2	9.2	6.8	4.2	5.4
2020	16.2	-3.7	5.2	24.9	-6.8	7.4
2021	17.4	10.8	14.0	20.7	4.8	12.6
2022	22.6	13.7	18.2	19.4	7.2	13.6

Percentage change on corresponding period of previous year
2017
Q1	10.0	7.3	8.4	1.3	5.0	3.5
Q2	4.6	6.9	6.0	7.2	2.9	4.6
Q3	15.6	7.8	10.9	31.6	4.1	14.3
Q4	16.1	9.6	12.5	4.8	6.0	5.3

2018
Q1	22.9	5.0	12.1	22.0	3.0	10.5
Q2	29.4	7.4	15.5	30.8	7.1	16.2
Q3	24.8	7.2	14.4	17.7	6.5	11.1
Q4	-0.1	8.8	4.8	-0.0	7.4	4.1

2019
Q1	9.1	8.4	8.7	0.5	5.9	3.6
Q2	15.5	5.9	9.8	6.7	3.4	4.9
Q3	13.1	5.6	8.9	10.6	3.6	6.7
Q4	15.2	5.2	9.5	8.9	4.1	6.1

2020
Q1	22.9	3.9	12.2	29.5	1.9	13.7
Q2	14.2	-11.8	-0.6	19.7	-15.9	0.0
Q3	25.0	-4.6	9.1	29.0	-6.9	10.0
Q4	3.3	-2.2	0.3	21.3	-6.0	6.0

2021
Q1	18.2	-3.2	7.1	25.9	-6.7	8.8
Q2	16.8	21.2	19.0	20.1	15.6	17.7
Q3	14.3	13.2	13.8	19.3	5.6	12.4
Q4	20.7	13.3	16.8	17.9	6.3	12.0

2022
Q1	13.1	14.6	13.8	12.8	10.3	11.7
Q2	23.7	16.1	19.8	19.7	9.2	14.7
Q3	19.0	15.1	17.2	15.8	6.3	11.6
Q4	35.2	9.5	21.9	29.9	3.3	16.7

2023
Q1	2.0	7.3	4.5	0.0	4.4	2.0
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2023 Table 6.2 (XLS 18KB)

Visit Table NAQ06 on PxStat

Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2020)¹ - Seasonally Adjusted

Table 6.3 Gross Value Added at Current Basic Prices & Constant Basic Prices (Chain linked annually and referenced to year 2020)¹ - Seasonally Adjusted						€million
	CURRENT BASIC PRICES			CONSTANT BASIC PRICES
Period	Foreign-owned MNE dominated	Other	Total	Foreign-owned MNE dominated	Other	Total
2017
Q1	25,735	39,793	65,528	25,492	43,130	68,622
Q2	24,821	40,222	65,043	25,467	42,626	68,092
Q3	27,798	40,861	68,659	28,453	43,249	71,702
Q4	33,623	41,374	74,997	32,438	43,592	76,030

2018
Q1	31,692	42,082	73,774	31,419	44,477	75,896
Q2	32,611	42,969	75,580	33,478	45,667	79,145
Q3	34,041	43,880	77,922	32,861	46,111	78,972
Q4	33,924	44,840	78,764	32,825	46,691	79,515

2019
Q1	34,586	45,603	80,189	31,742	47,140	78,882
Q2	37,841	45,611	83,452	35,653	47,300	82,954
Q3	37,872	46,359	84,231	35,828	47,802	83,631
Q4	39,691	47,025	86,716	36,375	48,479	84,854

2020
Q1	42,511	47,685	90,195	41,076	48,089	89,164
Q2	43,048	40,104	83,152	42,523	39,785	82,308
Q3	46,943	44,150	91,093	45,788	44,525	90,313
Q4	41,415	45,915	87,329	44,758	45,554	90,312

2021
Q1	50,459	46,651	97,111	51,573	44,850	96,423
Q2	49,951	48,275	98,226	51,000	45,944	96,944
Q3	53,501	49,821	103,321	54,353	47,039	101,392
Q4	50,117	52,052	102,169	53,118	48,480	101,598

2022
Q1	57,416	53,656	111,072	58,076	49,435	107,511
Q2	61,512	56,015	117,527	61,131	50,087	111,218
Q3	63,571	57,165	120,736	62,832	50,052	112,884
Q4	67,690	57,084	124,774	69,001	50,179	119,181

2023
Q1	58,890	57,754	116,644	58,168	51,530	109,697

Percentage change on previous quarter
2017
Q1	-11.5	5.1	-2.1	-17.6	4.6	-4.9
Q2	-3.6	1.1	-0.7	-0.1	-1.2	-0.8
Q3	12.0	1.6	5.6	11.7	1.5	5.3
Q4	21.0	1.3	9.2	14.0	0.8	6.0

2018
Q1	-5.7	1.7	-1.6	-3.1	2.0	-0.2
Q2	2.9	2.1	2.4	6.6	2.7	4.3
Q3	4.4	2.1	3.1	-1.8	1.0	-0.2
Q4	-0.3	2.2	1.1	-0.1	1.3	0.7

2019
Q1	2.0	1.7	1.8	-3.3	1.0	-0.8
Q2	9.4	0.0	4.1	12.3	0.3	5.2
Q3	0.1	1.6	0.9	0.5	1.1	0.8
Q4	4.8	1.4	3.0	1.5	1.4	1.5

2020
Q1	7.1	1.4	4.0	12.9	-0.8	5.1
Q2	1.3	-15.9	-7.8	3.5	-17.3	-7.7
Q3	9.0	10.1	9.5	7.7	11.9	9.7
Q4	-11.8	4.0	-4.1	-2.2	2.3	-0.0

2021
Q1	21.8	1.6	11.2	15.2	-1.5	6.8
Q2	-1.0	3.5	1.1	-1.1	2.4	0.5
Q3	7.1	3.2	5.2	6.6	2.4	4.6
Q4	-6.3	4.5	-1.1	-2.3	3.1	0.2

2022
Q1	14.6	3.1	8.7	9.3	2.0	5.8
Q2	7.1	4.4	5.8	5.3	1.3	3.4
Q3	3.3	2.1	2.7	2.8	-0.1	1.5
Q4	6.5	-0.1	3.3	9.8	0.3	5.6

2023
Q1	-13.0	1.2	-6.5	-15.7	2.7	-8.0
¹Chain linked series not additive