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Gross Value Added (GVA)

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Gross Value Added (GVA) is conceptually the same aggregate as Gross Domestic Product (GDP). They both measure the added value generated in an economy by the production of goods and services. The difference between the two concepts is that GDP is measured after including product taxes (e.g. excise duties, non-deductible VAT, etc.) and deducting product subsidies while GVA is measured prior to adding product taxes but includes product subsidies. For more information see the Background Notes.

When GVA is examined by A21 sector, Manufacturing (C) and Information & Communication (J) were the two largest sectors in 2017. The Wholesale, Retail and Motor trade (G) was the second biggest in 1995 declining to the third biggest in 2017. Construction (F), the seventh largest sector by GVA in 1995 increased to the third largest in 2005, then declined to the fifteenth largest sector by GVA in 2010 before recovering to the twelfth largest in 2017. Agriculture, Forestry and Fishing (A) declined from the fifth biggest sector by GVA in 1995 to the sixteenth biggest in 2010 before recovering slightly to the fifteenth largest in 2017.

Figure 4.1 Proportional composition of Gross Value Added (GVA) by A21 sector, 1995-2017

Table 4.1 GVA by NACE A21 sector, 1995-2017

Table 4.2 GVA by NACE A21 sector by rank, 1995-2017

Table 4.3 EU Member State GVA by NACE A10 sector, sorted by Industry (NACE 5-39), 2017

GreeceUnited KingdomFranceGermanyIrelandLuxembourg
199554.086589385073553.66638672815552.925201787488254.020529626887943.346007604562749.9009133350934
199654.397771437416653.718213586701853.041955873911253.942388247352543.493906397072649.3460207941606
199755.518976461060353.386946262656452.763921560023953.533069127267343.14357687971546.5760256486374
199855.960636896923353.034402571973252.795752943913653.091487196973942.889686769275542.9547950365258
199956.044529801916152.635808915870652.140376108913852.179077726505843.066858154188641.5519474316738
200054.517489251288752.566115443889250.831665888035850.937205610027443.269816292767637.4250388418592
200154.446151199765952.362166210728550.650915292447150.98547819866342.879317511044537.3621006564551
200254.400614312541952.6131672446851.200557892837651.96473767135644.193850384286738.5799922628442
200355.916051409210753.201408506306351.68403793407851.288673111012843.933968784088138.739896345673
200456.053008423682553.043950109180651.530718082736850.929937321029143.454094762013136.3489239161609
200555.620978400196853.899096994103650.990041079182149.956919335384543.305155836613534.1916219102701
200654.538409686370552.671623926819650.385904430675649.196272487702542.060443467311932.168380113834
200754.337968200957352.090761636375250.324965819672348.609089935930541.731105472806930.8254043833946
200855.332287857732552.118055966794950.242425754047647.901126848150739.72327657942530.6569002853906
200956.514868251385952.025754107314751.717318873235349.344152862437340.931376504497733.184644674499
201056.295813168137351.810926408951150.764120314288648.61045245275342.455173945853731.2891090051907
201156.273183673002251.465498714237350.160922908687347.498059449697545.726916389664131.1852721858671
201255.061299966600751.556274302233450.101360864447348.177012417855942.107125156770729.9967784216703
201354.786310525520451.375713557624750.486652337887148.848936080694142.054572511587928.8077639460714
201454.765355492922252.010599666206850.665353608272949.197678839159342.696678430929126.2885325150802
201555.906342399547652.244694699759251.070102616988949.873551096856447.030176706961124.8722251460912
201656.020891951936352.749196820993251.12866744705650.343518042674645.486140196726725.2692111234854
201755.079087357281652.22316341273950.690550340248550.042993979826645.478857970110725.2650959886758

Ireland's GVA as a percentage of Output remained relatively stable between 1995 and 2017, staying within the range 40% to 47%. This was less than the percentages for France, Germany and the UK throughout the entire period. Luxembourg showed the lowest GVA as a percentage of Output (25%) among EU Member States in 2017, while Greece (55%) reported the highest percentage.

X-axis labelGVA
Luxembourg5.43440768026797
Cyprus5.45840737123289
Malta8.16745434155719
United Kingdom10.0234908467923
Greece10.806005092483
France11.3779955946921
Netherlands12.1633633306228
Latvia12.2342992101988
Spain14.1638462476843
Belgium14.3787245433451
Portugal14.4021750407435
Denmark14.4092463633824
Croatia15.2802376661556
Sweden15.3566065646283
Estonia15.6520252948214
EU 2816.4131144171198
Italy16.6411509455493
Bulgaria16.9275610725014
Finland17.5552659073747
Austria18.6495844413584
Lithuania19.1230226338859
Poland20.0300641697205
Romania22.172784924976
Slovakia22.5400854370964
Hungary23.1574154425318
Germany23.3598651096424
Slovenia23.7170292027062
Czechia26.82506050101
Ireland34.0149021532057

In 2017, Ireland had the highest manufacturing GVA as a percentage of total GVA (34%) among reporting EU Member States. The next highest reported was in Czechia (27%), while the EU Member State with the lowest manufacturing GVA as a percentage of total GVA in 2017 was Luxembourg (5%).

Go to next chapter Compensation of Employees (COE)