You are here: Home / Statistics / Output and Value Added by Activity 2022 / Introduction

Output and Value Added by Activity 2022

Introduction

Measuring Ireland's Economy: Value of Output was €940 billion in 2022

Online ISSN: 2009-096X

CSO statistical publication, 17 November 2023, 11am

Table 1.1 Output, Intermediate Consumption and Gross Value Added, 2020-2022¹
	€ million			% change
	2020	2021	2022	2021-2022
Output	705,560	815,460	940,218	15.3
Intermediate Consumption	349,374	407,049	458,220	12.6
Gross Value Added	356,186	408,411	481,998	18.0
¹Preliminary figures. Output and Value Added at basic prices. Excludes statistical discrepancy. Excludes NACE 99.

Open in Excel: Output and Value Added by Activity 2022 Table 1.1 (XLS 11KB)

This publication presents Gross Value Added (GVA), a measure of economic activity, for the years 1995 to 2022 as estimated using the Output method (also known as the Production approach). The Output method is one of three ways in which GVA and Gross Domestic Product (GDP) can be calculated. Data in this publication are consistent with the Output method estimates contained in the latest Annual National Accounts 2022 (ANA22) July 2023 publication (formerly known as the National Income and Expenditure or NIE). In addition to these Output method data, the ANA was produced using the Income method and the Expenditure method, the other two methods of estimating GVA and GDP.

This publication is part of an ongoing incremental process incorporating the Output method into the Irish National Accounts alongside the Income and Expenditure methods. The NACE Rev. 2 industry sectoral classification is used in this publication for 64 industry groups (A64), 21 industry groups (A21) or 10 industry groups (A10) as appropriate for both presentational and confidentiality purposes. The composition of the A64 group is displayed in Table 1.2 below. The composition of the A21 and A10 groups are described in the relevant tables and charts and in more detail in the Background Notes chapter of this publication.

In 2022, Output (the value of all goods and services produced) at basic prices for the total economy was €940.218 billion. The Intermediate Consumption required to produce this Output totalled €458.220 billion. Output (€940.218 billion) minus Intermediate Consumption (€458.220 billion) resulted in Gross Value Added at basic prices of €481.998 billion. The constituents of Output at basic prices in 2022 were:

Service industries (NACE 45-98) at €540.567 billion (57.5% of the total)
Production industries (NACE 5-39) at €351.203 billion (37.4%)
Construction (NACE 41-43) at €34.754 billion (3.7%)
Agriculture, Forestry and Fishing (NACE 1-3) at €13.695 billion (1.5%).

	Intermediate Consumption	Gross Value Added
Construction	24.0440273428116	10.7099032266515
Financial and Insurance Activities	32.3522993915863	16.7407023941535
Information and Communication	135.498440282906	83.8327816725059
Agriculture, Forestry and Fishing	8.08723907563001	5.6073330577175
Arts, Entertainment and Other Services	5.38758983825603	4.69862961490701
Distribution, Transport, Hotels and Restaurants	48.1533191942519	44.1463035522108
Industry (excluding Construction)	151.87895697516	199.324227883349
Industry of which: Manufacturing	141.082134854997	192.361199889001
Professional, Admin and Support Services	28.2196303167424	47.1371764691653
Public Administration, Education and Health	20.3305715943798	42.7856327117271
Real Estate Activities	4.26837843133296	27.0150958123523
Total	458.220452443057	481.99778639474

In the Output method of estimating GVA and GDP, Output minus Intermediate Consumption equals Gross Value Added. Rearranging this equation gives Output equals Intermediate Consumption plus Gross Value Added.

In 2022, total Output in the economy was almost equally split between Intermediate Consumption (49%) and Gross Value Added (51%). This was the highest proportion of GVA among reporting EU Member States. However there was variation across different sectors of the economy. For example, Construction (NACE 41-43), Financial and Insurance Activities (NACE 64-66) and Information and Communication (NACE 58-63) had the highest relative levels of Intermediate Consumption compared to Output. Service sectors such as Professional, Administration and Support Services (NACE 69-82) and Public Administration, Education and Health (NACE 84-88) had the highest relative levels of Value Added compared to Output. See Figures 1.1 and 1.2.

Table 1.2 Output, Intermediate Consumption and Gross Value Added by activity, 2022

Table 1.2 Output, Intermediate Consumption and Gross Value Added by activity, 2022¹
			€million			%
			P.1	P.2	B.1g
ESA A64 code	NACE Rev. 2	Activity	Total Output at basic prices	Intermediate Consumption	Gross Value Added at basic prices	% of Output composed of Intermediate Consumption	% of Output composed of Gross Value Added
1	1	Crop and animal production, hunting and related service activities	13,008	7,652	5,356	59	41
2	2	Forestry and logging	204	146	57	72	28
3	3	Fishing and aquaculture	483	289	194	60	40
4	05-09	Mining and quarrying	1,237	636	601	51	49
5	10-12	Manufacture of food products, beverages and tobacco products	32,209	21,604	10,605	67	33
6	13-15	Manufacture of textiles, wearing apparel and leather products	363	157	206	43	57
7	16	Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials	1,945	1,316	629	68	32
8	17	Manufacture of paper and paper products	589	342	247	58	42
9	18	Printing and reproduction of recorded media	512	372	140	73	27
10-11	19-20	Manufacture of coke and refined petroleum products; basic chemicals	23,636	10,208	13,427	43	57
12, 17²	21 & 26	Manufacture of pharmaceutical products; computer, electronic and optical products	231,917	83,564	148,353	36	64
13	22	Manufacture of rubber and plastic products	2,476	1,522	953	61	39
14	23	Manufacture of other non-metallic mineral products	3,026	1,711	1,315	57	43
15	24	Manufacture of basic metals	889	731	159	82	18
16	25	Manufacture of fabricated metal products, except machinery and equipment	3,857	2,374	1,484	62	38
18	27	Manufacture of electrical equipment	1,007	549	458	54	46
19	28	Manufacture of machinery and equipment n.e.c.	3,414	1,407	2,007	41	59
20-21	29-30	Manufacture of motor vehicles, trailers and semi-trailers; other transport equipment	1,057	614	442	58	42
22	31-32	Manufacture of furniture; other manufacturing	25,211	13,844	11,367	55	45
23	33	Repair and installation of machinery and equipment	1,335	767	568	57	43
24	35	Electricity, gas, steam and air-conditioning supply	12,803	8,400	4,404	66	34
25	36	Water collection, treatment and supply	994	455	539	46	54
26	37-39	Sewerage, waste management and remediation activities	2,725	1,306	1,419	48	52
27	41-43	Construction	34,754	24,044	10,710	69	31
28	45	Wholesale and retail trade and repair of motor vehicles and motorcycles	2,644	769	1,875	29	71
29	46	Wholesale trade, except of motor vehicles and motorcycles	29,080	14,359	14,720	49	51
30	47	Retail trade, except of motor vehicles and motorcycles	16,823	6,363	10,460	38	62
31	49	Land transport and transport via pipelines	6,536	3,052	3,483	47	53
32	50	Water transport	751	666	84	89	11
33-34	51-52	Air transport, Warehousing and support activities for transportation	21,411	15,999	5,412	75	25
35	53	Postal and courier activities	1,728	733	995	42	58
36	55-56	Accommodation; food and beverage service activities	13,327	6,210	7,117	47	53
37-38, 40²	58-60, 62-63	Publishing, audiovisual and broadcasting activities; Computer programming, consultancy and related activities; information service activities	212,651	132,540	80,111	62	38
39	61	Telecommunications	6,681	2,958	3,722	44	56
41	64	Financial service activities, except insurance and pension funding	19,106	9,329	9,777	49	51
42	65	Insurance, reinsurance and pension funding, except compulsory social security	19,719	16,537	3,182	84	16
43	66	Activities auxiliary to financial services and insurance activities	10,268	6,487	3,782	63	37
44	68	Real estate activities	31,283	4,268	27,015	14	86
45	69-70	Legal and accounting activities; activities of head offices; management consultancy activities	27,496	12,155	15,341	44	56
46	71	Architectural and engineering services; technical testing and analysis	4,900	1,404	3,497	29	71
47	72	Scientific research and development	2,485	845	1,639	34	66
48	73	Advertising and market research	1,607	476	1,131	30	70
49	74-75	Other professional, scientific and technical activities; veterinary activities	1,930	541	1,389	28	72
50	77	Rental and leasing activities	22,403	6,406	15,997	29	71
51	78	Employment activities	3,931	547	3,383	14	86
52	79	Travel agency, tour operator and other reservation services and related activities	1,398	1,155	244	83	17
53	80-82	Security and investigation activities; services to buildings and landscape activities; office administrative, office support and other business support activities	9,207	4,691	4,516	51	49
54	84	Public administration and defence; compulsory social security	18,716	6,726	11,990	36	64
55	85	Education	13,465	1,855	11,610	14	86
56	86	Human health activities	22,887	8,693	14,194	38	62
57	87-88	Social work activities	8,048	3,057	4,991	38	62
58	90-92	Creative, arts and entertainment activities; libraries, archives, museums and other cultural activities; gambling and betting activities	2,104	634	1,470	30	70
59	93	Sports activities and amusement and recreation activities	1,777	747	1,030	42	58
60	94	Activities of membership organisations	3,567	2,635	932	74	26
61	95	Repair of computers and personal and household goods	145	40	106	27	73
62	96	Other personal service activities	2,483	1,332	1,151	54	46
63	97-98	Activities of households as employers of domestic personnel; undifferentiated goods- and services-producing activities of households for own use	11	0	11	0	100
64	99	Activities of extraterritorial organisations and bodies (not included)
01-63	01-98	All NACE economic sectors	940,218	458,220	481,998	49	51
¹Preliminary figures. GVA excludes statistical discrepancy.
²Codes aggregated for confidentiality reasons.

Open in Excel: Output and Value Added by Activity 2022 Table 1.2 (XLS 19KB)

Table 1.3 Output, Intermediate Consumption and Gross Value Added, 1995-2022

Table 1.4 Output, Intermediate Consumption and Gross Value Added and the percentage value change on the previous year, 1996-2022

X-axis label	Intermediate consumption	Gross Value Added
Luxembourg	74.898570705982	25.1013937235133
Malta	67.6725075799016	32.3272890692837
Slovakia	63.6254018993535	36.3745981006465
Czechia	60.5790630461158	39.4209212199291
Hungary	60.3287683343602	39.6712316656398
Poland	59.2848671874962	40.7151328125038
Belgium	58.9688707649631	41.0311292350369
Bulgaria	57.9762769972169	42.0237230027831
Estonia	57.5603727401096	42.4396272598904
Cyprus	57.5150119487291	42.4849880512709
Italy	56.5532172153386	43.4467827846614
Slovenia	56.5450514672338	43.4549485327662
Finland	56.0478857183704	43.9521142816296
Portugal	55.5015031104725	44.4984968895275
Netherlands	55.2389926465803	44.7610073534197
Austria	54.9715388755269	45.0284611244731
Romania	54.2824437090098	45.7175562909902
Lithuania	53.8709624017831	46.1290375982169
Germany	53.707462409377	46.292537590623
Latvia	53.5099344927866	46.4900655072134
Spain	53.1841115851402	46.8158884148598
France	53.1756989099753	46.8243010900247
Croatia	52.0491730920079	47.9508269079921
Sweden	51.3485776753601	48.6514223246399
Greece	49.7337247905802	50.2662752094198
Ireland	48.7355488332389	51.2644618025901

The Output method approach will continue to be integrated into the existing National Accounts compilation process. Pending the full incorporation and integration of the Income, Expenditure and Output approaches, detailed sectoral estimates using the Output method should be considered as exploratory and transitional, particularly for the latest two years (2021 and 2022). Data in this publication are expressed in both current prices and constant prices. The ANA statistical discrepancy is excluded and the data are consistent with the unadjusted Output method and Income method data by industry, as described in ANA22 Table 6.1 & Table 6.2.

Further details, including definitions and methodology, are provided in the Background Notes.

The entire Output method 1995-2022 time-series is provided in the CSO's PxStat database.

The primary data sources for these estimates are the CSO's Structure of Business Statistics (SBS) surveys. These SBS surveys cover both manufacturing and services sectors. Detailed questionnaires are sent to thousands of enterprises each year. The Census of Industrial Production (CIP) covers NACE 5-39, the Building and Construction Inquiry (BCI) covers NACE 41-43 and the Annual Services Inquiry (ASI) covers many codes between NACE 45-96. National Accounts are grateful to our colleagues in SBS for their assistance with these data.

Users should note that these Output method data are presented from a National Accounts compilation perspective.

Structure of this publication

In addition to the main 2022 table (Table 1.2) presented at A64, this publication is structured into data chapters each describing a distinct theme, covering the period 1995-2022. The three themes describing the Output method are:

Theme 1 - Output
Theme 2 - Intermediate Consumption
Theme 3 - Gross Value Added (GVA)

In the Output method, GVA equals Output minus Intermediate Consumption.

A fourth theme, splitting the total Output, Intermediate Consumption and GVA into NACE sectors dominated by Foreign-owned Multinational Enterprise (MNE) dominated and Other sectors is also included.

Theme 4 - Foreign-owned Multinational Enterprise (MNE)

Foreign-owned Multinational Enterprise (MNE) dominated sectors occur where MNE turnover on average exceeds 85% of the sector total. In this Output publication, these 'Foreign' owned MNE dominated sectors contain NACE 19, 20, 21, 26, 31-32, 58, 61 and 62-63.

A fifth theme, describing these Irish estimates in the context of other EU Member States is included. These reflect the data availability at the start of November 2023.

Theme 5 - EU Member State comparisons

The three themes describing the Output method have a general, repeated, structure.

Proportional composition time-series by A21, charts
Value time-series by A64, table
Value time-series by A21, table
Proportional ranking time-series by A21, table
Constant price time-series by A10, table
Selected sectors time-series, chart

The A10 table at constant market prices for 2013-2022 is chain linked annually and referenced to 2021. Users should note that these chain linked series are not additive except for 2021 and 2022. As with the current price data in this publication, these chain linked data are consistent with the relevant data in ANA22 published in July 2023.

The proportional ranking tables and proportional composition charts allow us to see the relative contributions of different sectors to the economy as a whole for each item across the years 1995 to 2022. For example, if we look at the Construction (F) sector we can see that it contributed 5.9% of total GVA in 1995 rising to 9.8% in 2005. By 2010 it had decreased to 1.5% but increased to 2.2% of total GVA in 2022.

Next chapter: Output

Why you can Trust the CSO

Learn about our data and confidentiality safeguards, and the steps we take to produce statistics that can be trusted by all.

go to trust & transparency

Table 1.3 Output, Intermediate Consumption and Gross Value Added, 1995-2022¹
			€million
	P.1	P.2	B.1g
	Total Output at basic prices	Intermediate Consumption	Gross Value Added at basic prices
1995	114,087	64,636	49,451
1996	123,034	69,518	53,516
1997	143,307	81,462	61,845
1998	169,544	96,790	72,754
1999	191,831	109,161	82,671
2000	223,420	126,699	96,722
2001	253,658	144,844	108,814
2002	272,850	152,245	120,605
2003	294,245	165,258	128,987
2004	314,755	177,326	137,429
2005	345,133	195,610	149,523
2006	386,387	223,809	162,578
2007	419,441	244,375	175,066
2008	421,615	254,280	167,335
2009	373,054	220,718	152,336
2010	350,768	198,445	152,324
2011	329,161	173,868	155,293
2012	371,444	213,152	158,292
2013	384,829	220,872	163,957
2014	411,407	232,499	178,907
2015	508,818	264,163	244,655
2016	526,930	276,596	250,334
2017	565,084	289,656	275,428
2018	629,853	323,191	306,662
2019	672,661	338,619	334,041
2020	705,560	349,374	356,186
2021	815,460	407,049	408,411
2022	940,218	458,220	481,998
¹2022 are preliminary figures. GVA excludes statistical discrepancy.

Table 1.4 Output, Intermediate Consumption and Gross Value Added and the percentage value change on the previous year, 1996-2022¹
			%
	P.1	P.2	B.1g
	Output change on previous year	Intermediate Consumption change on previous year	Gross Value Added change on previous year
1996	7.8	7.6	8.2
1997	16.5	17.2	15.6
1998	18.3	18.8	17.6
1999	13.1	12.8	13.6
2000	16.5	16.1	17.0
2001	13.5	14.3	12.5
2002	7.6	5.1	10.8
2003	7.8	8.5	7.0
2004	7.0	7.3	6.5
2005	9.7	10.3	8.8
2006	12.0	14.4	8.7
2007	8.6	9.2	7.7
2008	0.5	4.1	-4.4
2009	-11.5	-13.2	-9.0
2010	-6.0	-10.1	-0.0
2011	-6.2	-12.4	1.9
2012	12.8	22.6	1.9
2013	3.6	3.6	3.6
2014	6.9	5.3	9.1
2015	23.7	13.6	36.7
2016	3.6	4.7	2.3
2017	7.2	4.7	10.0
2018	11.5	11.6	11.3
2019	6.8	4.8	8.9
2020	4.9	3.2	6.6
2021	15.6	16.5	14.7
2022	15.3	12.6	18.0
Average	8.4	7.9	9.1
¹2022 are preliminary figures. GVA excludes statistical discrepancy.

Output and Value Added by Activity 2022

Introduction

Introduction

Measuring Ireland's Economy: Value of Output was €940 billion in 2022

Structure of this publication

Contents

Related

Why you can Trust the CSO

Contact:

Links:

Careers

Follow: