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Foreign-owned Multinational Enterprises

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The CSO release 'Gross Value Added for Foreign-owned Multinational Enterprises and Other Sectors Annual Results for 2020' splits the economy into 'Foreign MNE' and 'Other' sectors. Foreign-owned Multinational Enterprise (MNE) dominated sectors occur where MNE turnover on average exceeds 85% of the sector total. These 'Foreign' owned MNE dominated sectors contain NACE 18.2, 20, 21, 26, 27, 32.5 and 58-63.

This Output and Value-Added publication uses the A64 NACE classification structure.

The 'Foreign MNE' and 'Other' sectors in this Output and Value-Added publication generally follow the split in the above CSO release with the following exceptions:

  • NACE 18 is a single A64 code and as NACE 18.2 is a minority of NACE 18, it is included in 'Other' in this Output and Value-Added publication.
  • The majority of A64 code NACE 31-32 is composed of NACE 32.5 and is included in 'Foreign MNE' in this Output and Value-Added publication.
  • NACE 58, 59-60, 61, 62-63 are four separate A64 codes. NACE 58 and 62-63 are included in 'Foreign MNE' while NACE 59-60 and 61 are in 'Other' in this Output and Value-Added publication.            

Total GVA is the same in both. In 2020 total GVA was €349,264 million at current basic prices. The 2020 ‘Foreign’ GVA in the above release is €176,490 million in current basic prices compared to €172,307 million in this Output and Value-Added publication, a difference of 2.4%. This is largely due to NACE 59 (Motion picture, video and television programme production, sound recording and music publishing), 60 (Programming and broadcasting activities) and 61 (Telecommunications) being included as ‘Foreign’ in the above release and as ‘Other’ in this Output and Value-Added publication. The composition of sectors will change by type of ownership over time. To allow for ease of comparability over the time-series, the NACE code composition of the two groups has been maintained over the 1995-2020 period.

OutputIntermediate ConsumptionGross Value Added
199520.03292487128422.71547985288516.526625631441
199620.461433011899423.440881552011316.5911246343146
199723.243977532034226.343180483779819.1617319305571
199825.250693661374828.412848294878221.0438715380324
199927.159021174054230.380451924411822.9053641165337
200026.798472273114229.808587101446822.8554395481256
200128.859491349246731.882074943979724.8360692392587
200228.548773689317530.223916289919926.4341580173749
200325.673921181069728.596029950306221.9301090933391
200424.353569446696127.496909947037720.2977023486622
200524.540195552488728.803354513414518.9629940924176
200624.250686197937228.909517245309817.8372122581477
200722.558338171423626.129729060298317.573016898634
200823.672934934891827.246715075750218.2422658199042
200928.615105798431332.824076039418722.5167006048863
201027.835048569374931.923734751691922.4035588085585
201130.579245622929536.342023333501324.0263478550745
201232.353699765003438.580196872058123.7575391818279
201334.066906393537442.071548632862122.9955047569956
201436.070327676637145.282183258321323.8114000199714
201544.628926329646848.481860436159840.2884297630069
201642.12778562198344.895942231657638.9544224637039
201741.447161912847243.0227974665839.7037757929424
201844.092639948841646.136673324163841.8464759719338
201944.205667773814144.557120355906743.8309837482976
202048.998332746602548.670527583553349.3343783436445

Table 5.1 shows the 1995-2020 time-series of Output, Intermediate Consumption and GVA for 'Foreign-owned MNE' and 'Other' sectors, along with the total in €million.

Table 5.1 Output, Intermediate Consumption and GVA accounted for by Foreign-owned Multinational enterprise dominated sectors and Others, 1995-2020

Table 5.2 shows the percentage value change on the previous year for the 1995-2020 time-series of Output, Intermediate Consumption and GVA for 'Foreign-owned MNE' and 'Other' sectors. The ‘Other’ GVA, though showing a smaller average annual GVA value increase over the period (6.2%) than the ‘Foreign-owned MNE’ (15%), is greater than EU 27 and Euro area 19 averages (c. 3%).

Table 5.2 Output, Intermediate Consumption and GVA percentage value change on the previous year by Foreign-owned Multinational enterprise dominated sectors and Others for Ireland and EU, 1995-2020

Table 5.3 shows the percentage composition of the 1995-2020 time-series of Output, Intermediate Consumption and GVA for 'Foreign-owned MNE' and 'Other' sectors, which given the higher annual average change for the ‘Foreign-owned MNE’ sectors has moved from one-fifth of the total in 1995 to almost half in 2020. While the 2015 ‘level shift’ is evident, particularly for GVA, it can be seen as part of a long-standing trend for all three items. These data are also displayed in Figure 5.1.

Table 5.3 Percentage of Output, Intermediate Consumption and GVA accounted for by Foreign-owned Multinational enterprise dominated sectors and Others, 1995-2020

Table 5.4 shows the ratio of Output to GVA in ‘Foreign-owned MNE’ sectors and ‘Other’ over the 1995-2020 period. This shows that the ratio in the ‘Foreign-owned MNE’ sectors has moved towards the ‘Other’ sectors ratio, particularly since the 2015 ‘level shift’. The consistency of the ratios, particularly for 'Other', over the period is striking.

Table 5.4 Ratio of Output: GVA in Foreign-owned Multinational enterprise dominated sectors and Others, 1995-2020

Ireland - Other sectors (not Foreign MNE dominated)EU27
19968.137448328602414.60250951525365
199712.00138936905872.61844964751081
199814.90069172640594.07902424737854
199910.95136938540424.17086706127379
200017.07206121394276.09147564453643
20019.613500521768724.99803150957321
20028.479233508808173.61472538016654
200313.49821018839622.64328772288334
20048.772878243984034.49051797894677
200510.62179061672194.0147318867128
200610.24189753262825.51300982443943
20078.027394131348596.21664905282622
2008-5.192113369138843.65424549903848
2009-13.7230587842226-4.10923864007086
20100.1018553907729873.32327236826433
2011-0.3024009911750673.01248595853336
20122.6093694292610.602572804417756
20134.544046920924671.1175393384238
20147.609528011029562.25797596425195
20157.188802268340363.61907792942548
20165.04431976526742.68092162492475
20177.919050739283184.10729147183642
20187.797453173872423.42025000586046
20195.737041028030943.63509014036241
2020-6.04133996692483-4.01994245833902

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