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Output and Value Added by Activity 2021

Foreign-owned Multinational Enterprises

GVA in Foreign-owned MNE dominated sectors increased by 17.6% in 2021

Online ISSN: 2009-096X

CSO statistical publication, 18 November 2022, 11am

The CSO publication Annual National Accounts (ANA) splits the economy into 'Foreign-owned MNE dominated' 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-owned MNE dominated' and 'Other' sectors in this Output and Value-Added publication generally follow the split in the ANA 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-owned MNE dominated' 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-owned MNE dominated' while NACE 59-60 and 61 are in 'Other' in this Output and Value-Added publication.

Total GVA is the same in both. In 2021 total GVA was €401,448 million at current basic prices. The 2021 ‘Foreign-owned MNE dominated’ GVA in the ANA is €204,379 million in current basic prices compared with €199,730 million in this Output and Value-Added publication, a difference of 2.3%. 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-owned MNE dominated’ in the ANA 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 1995-2021 period.

	Output	Intermediate consumption	Gross Value Added
1995	20.032924871284	22.715479852885	16.526625631441
1996	20.4614330118994	23.4408815520113	16.5911246343146
1997	23.2439775320342	26.3431804837798	19.1617319305571
1998	25.2506936613748	28.4128482948782	21.0438715380324
1999	27.1590211740542	30.3804519244118	22.9053641165337
2000	26.7984722731142	29.8085871014468	22.8554395481256
2001	28.8594913492467	31.8820749439797	24.8360692392587
2002	28.5487736893175	30.2239162899199	26.4341580173749
2003	25.6739211810697	28.5960299503062	21.9301090933391
2004	24.3535694466961	27.4969099470377	20.2977023486622
2005	24.5401955524887	28.8033545134145	18.9629940924176
2006	24.2506861979372	28.9095172453098	17.8372122581477
2007	22.5583381714236	26.1297290602983	17.573016898634
2008	23.6729349348918	27.2467150757502	18.2422658199042
2009	28.6151057984313	32.8240760394187	22.5167006048863
2010	28.1347950135148	32.5402486204287	22.3954595226581
2011	30.6425196250923	36.7872509701039	23.7582308841087
2012	32.7291718568767	39.6191319397921	23.4813345437689
2013	34.5381532478411	43.3225285604385	22.7213565881925
2014	36.429597938145	46.3113807164991	23.5550173276134
2015	45.54248911689	50.4591685692939	40.2205586380304
2016	42.9928379715464	46.6989704822061	38.9088256757634
2017	42.3782227877405	45.0210727889755	39.5913768598337
2018	45.6836293582763	49.2614636667088	41.9059914728118
2019	46.4001603904845	49.2514645569135	43.5096405867809
2020	49.6738815203333	51.0746472204122	48.2511387079076
2021	51.4945178216056	53.2899061622319	49.7523525129134

Figure 5.1 above displays the percentage of Output, Intermediate Consumption and GVA contributed by 'Foreign-owned MNE dominated' sectors over the 1995-2021 time-series. In 1995 these 'Foreign-owned MNE dominated' sectors contributed 20% of Output, 23% of Intermediate Consumption and 17% of GVA. By 2021 these contributions had increased to 51%, 53% and 50% respectively.

Table 5.1 below displays the 1995-2021 time-series of Output, Intermediate Consumption and GVA for 'Foreign-owned MNE dominated' 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, 1995-2021

Table 5.1 Output, Intermediate Consumption and GVA accounted for by Foreign-owned¹ Multinational Enterprise dominated sectors and Others, 1995-2021
									€million
	Output			Intermediate Consumption			Gross Value Added
	Foreign MNE	Other	Total	Foreign MNE	Other	Total	Foreign MNE	Other	Total
1995	22,855	91,232	114,087	14,682	49,954	64,636	8,173	41,278	49,451
1996	25,174	97,859	123,034	16,296	53,222	69,518	8,879	44,637	53,516
1997	33,310	109,996	143,307	21,460	60,002	81,462	11,851	49,994	61,845
1998	42,811	126,733	169,544	27,501	69,289	96,790	15,310	57,444	72,754
1999	52,100	139,732	191,831	33,163	75,997	109,161	18,936	63,735	82,671
2000	59,873	163,547	223,420	37,767	88,931	126,699	22,106	74,616	96,722
2001	73,204	180,454	253,658	46,179	98,665	144,844	27,025	81,789	108,814
2002	77,895	194,955	272,850	46,014	106,231	152,245	31,881	88,724	120,605
2003	75,544	218,701	294,245	47,257	118,001	165,258	28,287	100,700	128,987
2004	76,654	238,101	314,755	48,759	128,566	177,326	27,895	109,534	137,429
2005	84,696	260,437	345,133	56,342	139,268	195,610	28,354	121,169	149,523
2006	93,702	292,686	386,387	64,702	159,107	223,809	28,999	133,579	162,578
2007	94,619	324,822	419,441	63,855	180,521	244,375	30,764	144,302	175,066
2008	99,809	321,806	421,615	69,283	184,997	254,280	30,526	136,809	167,335
2009	106,750	266,306	373,056	72,449	148,271	220,720	34,301	118,035	152,336
2010	98,688	252,080	350,768	64,574	133,870	198,444	34,114	118,210	152,324
2011	100,822	228,204	329,026	63,955	109,896	173,851	36,867	118,308	155,175
2012	121,651	250,039	371,690	84,388	128,610	212,998	37,263	121,428	158,691
2013	132,945	251,977	384,922	95,652	125,139	220,791	37,293	126,839	164,132
2014	149,769	261,350	411,120	107,717	124,876	232,594	42,052	136,474	178,526
2015	231,578	276,910	508,488	133,367	130,940	264,307	98,211	145,970	244,181
2016	226,731	300,638	527,369	129,111	147,364	276,475	97,620	153,274	250,894
2017	239,276	325,344	564,620	130,470	159,327	289,797	108,806	166,017	274,823
2018	287,636	341,990	629,625	159,294	164,070	323,364	128,342	177,919	306,261
2019	312,626	361,134	673,760	167,051	172,129	339,181	145,574	189,005	334,579
2020	352,503	357,131	709,634	182,632	174,947	357,579	169,871	182,185	352,055
2021	407,319	383,676	790,994	207,589	181,958	389,547	199,730	201,718	401,448
¹Foreign-owned Multinational Enterprise (MNE) dominated sectors, where exceed 85% of sector total = NACE 20, 21, 26, 27, 31-32, 58, 62-63.

Open in Excel: Output and Value Added by Activity 2021 TBL5.1 (XLS 15KB)

Table 5.2 shows the percentage value change on the previous year for the 1995-2021 time-series of Output, Intermediate Consumption and GVA for 'Foreign-owned MNE dominated' and 'Other' sectors. The ‘Other’ GVA, though showing a smaller average annual GVA value increase over the period (6.5%) than the ‘Foreign-owned MNE dominated’ (15.1%), is greater than EU 27 and Euro area 19 averages (c. 3%). See also Figure 5.2.

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, 1995-2021

Table 5.2 Output, Intermediate Consumption and GVA percentage value change on the previous year by Foreign-owned¹ Multinational enterprise dominated sectors and Others for Ireland and EU, 1995-2021
											%
	Ireland Output			Ireland Intermediate Consumption			Ireland Gross Value Added			EU Gross Value Added²
	Foreign MNE	Other	Total	Foreign MNE	Other	Total	Foreign MNE	Other	Total	EU 27	Euro area 19
1995	:	:	:	:	:	:	:	:	:	:	:
1996	10.1	7.3	7.8	11.0	6.5	7.6	8.6	8.1	8.2	4.6	4.1
1997	32.3	12.4	16.5	31.7	12.7	17.2	33.5	12.0	15.6	2.6	2.3
1998	28.5	15.2	18.3	28.2	15.5	18.8	29.2	14.9	17.6	4.1	3.9
1999	21.7	10.3	13.1	20.6	9.7	12.8	23.7	11.0	13.6	4.2	4.2
2000	14.9	17.0	16.5	13.9	17.0	16.1	16.7	17.1	17.0	6.1	5.4
2001	22.3	10.3	13.5	22.3	10.9	14.3	22.3	9.6	12.5	5.0	4.9
2002	6.4	8.0	7.6	-0.4	7.7	5.1	18.0	8.5	10.8	3.6	3.4
2003	-3.0	12.2	7.8	2.7	11.1	8.5	-11.3	13.5	7.0	2.6	2.9
2004	1.5	8.9	7.0	3.2	9.0	7.3	-1.4	8.8	6.5	4.5	4.2
2005	10.5	9.4	9.7	15.6	8.3	10.3	1.6	10.6	8.8	4.0	3.4
2006	10.6	12.4	12.0	14.8	14.2	14.4	2.3	10.2	8.7	5.5	5.0
2007	1.0	11.0	8.6	-1.3	13.5	9.2	6.1	8.0	7.7	6.2	5.6
2008	5.5	-0.9	0.5	8.5	2.5	4.1	-0.8	-5.2	-4.4	3.6	2.9
2009	7.0	-17.2	-11.5	4.6	-19.9	-13.2	12.4	-13.7	-9.0	-4.1	-3.3
2010	-7.6	-5.3	-6.0	-10.9	-9.7	-10.1	-0.5	0.1	-0.0	3.3	2.5
2011	2.2	-9.5	-6.2	-1.0	-17.9	-12.4	8.1	0.1	1.9	3.0	2.6
2012	20.7	9.6	13.0	31.9	17.0	22.5	1.1	2.6	2.3	0.6	0.4
2013	9.3	0.8	3.6	13.3	-2.7	3.7	0.1	4.5	3.4	1.1	1.0
2014	12.7	3.7	6.8	12.6	-0.2	5.3	12.8	7.6	8.8	2.3	2.3
2015	54.6	6.0	23.7	23.8	4.9	13.6	133.5	7.0	36.8	3.6	3.4
2016	-2.1	8.6	3.7	-3.2	12.5	4.6	-0.6	5.0	2.7	2.7	2.7
2017	5.5	8.2	7.1	1.1	8.1	4.8	11.5	8.3	9.5	4.1	3.7
2018	20.2	5.1	11.5	22.1	3.0	11.6	18.0	7.2	11.4	3.5	3.4
2019	8.7	5.6	7.0	4.9	4.9	4.9	13.4	6.2	9.2	3.6	3.3
2020	12.8	-1.1	5.3	9.3	1.6	5.4	16.7	-3.6	5.2	-4.1	-4.4
2021	15.6	7.4	11.5	13.7	4.0	8.9	17.6	10.7	14.0	:	:

1995-2021 Average	12.4	6.0	8.0	11.3	5.6	7.5	15.1	6.5	8.7	3.1	2.8
¹Foreign-owned Multinational Enterprise (MNE) dominated sectors, where exceed 85% of sector total = NACE 20, 21, 26, 27, 31-32, 58, 62-63.
² 2021 aggregate EU27 and Euro area 19 data not yet available.

Open in Excel: Output and Value Added by Activity 2021 TBL5.2 (XLS 16KB)

Table 5.3 shows the percentage composition of the 1995-2021 time-series of Output, Intermediate Consumption and GVA for 'Foreign-owned MNE dominated' and 'Other' sectors, which given the higher annual average change for the ‘Foreign-owned MNE dominated’ sectors has moved from one-fifth of the total in 1995 to over half in 2021. 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, 1995-2021

Table 5.4 shows the ratio of Output to GVA in ‘Foreign-owned MNE dominated’ sectors and ‘Other’ over the 1995-2021 period. This shows that the ratio in the ‘Foreign-owned MNE dominated’ 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, 1995-2021

	Ireland - Other sectors (not Foreign MNE dominated)	EU27
1996	8.13744832860241	4.5887945583121
1997	12.0013893690587	2.62036320503865
1998	14.9006917264059	4.09730592228622
1999	10.9513693854042	4.15690804491939
2000	17.0720612139427	6.09403906180736
2001	9.61350052176872	4.98370475913488
2002	8.47923350880817	3.59899965324569
2003	13.4982101883962	2.645792969178
2004	8.77287824398407	4.48752623018065
2005	10.6217906167219	4.02663083025179
2006	10.2418975326282	5.5323679176983
2007	8.02739413134859	6.22613537637787
2008	-5.19211336913884	3.63843280525643
2009	-13.7230587842226	-4.12329068096523
2010	0.148509196352253	3.34592192207516
2011	0.0827132864377633	2.99360934909286
2012	2.63761663100626	0.602794534171403
2013	4.45550128723657	1.14094044682452
2014	7.59644797637276	2.2625404919182
2015	6.95804486890275	3.60892604309388
2016	5.00384766021686	2.6861732960725
2017	8.31385436839986	4.0824506621603
2018	7.16945232322364	3.45351807354255
2019	6.23062986700533	3.63717704179752
2020	-3.60852348367293	-4.06284558985116
2021	10.7217132152087

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GVA in Foreign-owned MNE dominated sectors increased by 17.6% in 2021

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Table 5.4 Ratio of Output:GVA in Foreign-owned¹ Multinational Enterprise dominated sectors and Others, 1995-2021
			Ratio
	Output:GVA
	Foreign MNE	Other	Total
1995	2.8	2.2	2.3
1996	2.8	2.2	2.3
1997	2.8	2.2	2.3
1998	2.8	2.2	2.3
1999	2.8	2.2	2.3
2000	2.7	2.2	2.3
2001	2.7	2.2	2.3
2002	2.4	2.2	2.3
2003	2.7	2.2	2.3
2004	2.7	2.2	2.3
2005	3.0	2.1	2.3
2006	3.2	2.2	2.4
2007	3.1	2.3	2.4
2008	3.3	2.4	2.5
2009	3.1	2.3	2.4
2010	2.9	2.1	2.3
2011	2.7	1.9	2.1
2012	3.3	2.1	2.3
2013	3.6	2.0	2.3
2014	3.6	1.9	2.3
2015	2.4	1.9	2.1
2016	2.3	2.0	2.1
2017	2.2	2.0	2.1
2018	2.2	1.9	2.1
2019	2.1	1.9	2.0
2020	2.1	2.0	2.0
2021	2.0	1.9	2.0
¹Foreign-owned Multinational Enterprise (MNE) dominated sectors, where exceed 85% of sector total = NACE 20, 21, 26, 27, 31-32, 58, 62-63.