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Output and Value Added by Activity 2023

Gross Value Added (GVA)

GVA decreased by 2.7% to €484 billion in 2023

Online ISSN: 2009-096X

CSO statistical publication, 15 November 2024, 11am

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.

Table 4.1 Gross Value Added by NACE A64 sector, 2018-2023

Table 4.1 Gross Value Added by NACE A64 sector, 2018-2023¹								€million
ESA A64 code	NACE Rev. 2	Activity	2018	2019	2020	2021	2022	2023
1	1	Crop and animal production, hunting and related service activities	2,570	2,975	3,409	4,120	5,430	4,145
2	2	Forestry and logging	24	43	38	38	73	108
3	3	Fishing and aquaculture	187	195	143	188	220	212
4	05-09	Mining and quarrying	616	504	321	452	579	578
5	10-12	Manufacture of food products, beverages and tobacco products	9,053	7,739	7,763	8,312	9,912	11,227
6	13-15	Manufacture of textiles, wearing apparel and leather products	158	161	151	179	195	207
7	16	Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials	321	354	334	486	551	622
8	17	Manufacture of paper and paper products	230	227	245	253	264	284
9	18	Printing and reproduction of recorded media	303	308	268	230	171	288
10-11	19-20	Manufacture of coke and refined petroleum products; basic chemicals	11,139	14,563	17,138	14,175	13,393	6,093
12, 17²	21 & 26	Manufacture of pharmaceutical products; computer, electronic and optical products	77,427	77,498	88,425	114,804	149,572	112,237
13	22	Manufacture of rubber and plastic products	642	660	730	859	955	1,032
14	23	Manufacture of other non-metallic mineral products	884	1,011	1,031	1,073	1,282	1,458
15	24	Manufacture of basic metals	303	380	291	179	152	209
16	25	Manufacture of fabricated metal products, except machinery and equipment	1,079	1,127	1,065	1,086	1,271	1,524
18	27	Manufacture of electrical equipment	445	428	467	461	427	447
19	28	Manufacture of machinery and equipment not elsewhere classified	1,275	1,352	1,841	1,479	1,834	1,824
20-21	29-30	Manufacture of motor vehicles, trailers and semi-trailers; other transport equipment	406	385	328	393	483	520
22	31-32	Manufacture of furniture; other manufacturing	5,759	9,450	8,699	10,819	12,381	11,369
23	33	Repair and installation of machinery and equipment	433	505	472	533	668	777
24	35	Electricity, gas, steam and air-conditioning supply	3,061	3,032	3,159	3,805	3,616	3,742
25	36	Water collection, treatment and supply	382	428	416	525	548	673
26	37-39	Sewerage, waste management and remediation activities	932	1,041	972	1,216	1,414	1,476
27	41-43	Construction	8,645	9,461	8,726	10,208	12,257	12,655
28	45	Wholesale and retail trade and repair of motor vehicles and motorcycles	1,707	1,788	1,757	1,880	2,105	2,516
29	46	Wholesale trade, except of motor vehicles and motorcycles	12,702	13,308	14,848	16,382	19,600	18,344
30	47	Retail trade, except of motor vehicles and motorcycles	10,122	9,638	9,612	10,385	10,834	11,773
31	49	Land transport and transport via pipelines	2,595	2,898	2,607	2,909	4,224	4,689
32	50	Water transport	65	72	58	65	81	92
33-34	51-52	Air transport, Warehousing and support activities for transportation	2,842	3,222	90	863	3,065	3,718
35	53	Postal and courier activities	871	934	983	1,076	1,066	1,140
36	55-56	Accommodation; food and beverage service activities	5,587	5,710	2,841	3,861	7,016	8,414
37-38, 40²	58-60, 62-63	Publishing, audiovisual and broadcasting activities; Computer programming, consultancy and related activities; information service activities	36,982	47,881	57,506	75,070	82,967	91,380
39	61	Telecommunications	3,107	3,291	3,391	3,808	3,842	3,718
41	64	Financial service activities, except insurance and pension funding	9,589	8,789	8,935	11,719	10,477	11,079
42	65	Insurance, reinsurance and pension funding, except compulsory social security	3,946	4,196	3,027	4,745	3,009	6,526
43	66	Activities auxiliary to financial services and insurance activities	3,500	4,054	4,044	3,901	4,072	6,257
44	68	Real estate activities	18,869	20,317	20,371	22,258	25,573	30,466
45	69-70	Legal and accounting activities; activities of head offices; management consultancy activities	9,663	11,547	14,823	16,297	19,254	20,328
46	71	Architectural and engineering services; technical testing and analysis	2,638	2,856	3,190	3,974	4,459	4,759
47	72	Scientific research and development	1,074	1,246	1,078	1,275	1,985	2,091
48	73	Advertising and market research	1,062	1,279	1,420	1,382	1,247	1,310
49	74-75	Other professional, scientific and technical activities; veterinary activities	1,144	1,132	1,130	1,461	1,674	1,764
50	77	Rental and leasing activities	16,699	18,103	15,385	14,056	15,270	16,703
51	78	Employment activities	1,871	2,278	1,981	2,633	3,565	3,838
52	79	Travel agency, tour operator and other reservation services and related activities	395	347	199	166	344	407
53	80-82	Security and investigation activities; services to buildings and landscape activities; office administrative, office support and other business support activities	3,202	3,542	3,676	3,753	4,711	5,109
54	84	Public administration and defence; compulsory social security	9,026	9,614	10,145	10,772	11,646	12,482
55	85	Education	9,560	10,069	10,174	10,839	11,644	12,550
56	86	Human health activities	10,631	11,642	12,066	13,638	14,856	16,912
57	87-88	Social work activities	4,467	4,636	4,464	4,776	5,378	5,958
58	90-92	Creative, arts and entertainment activities; libraries, archives, museums and other cultural activities; gambling and betting activities	1,585	1,675	1,466	1,739	2,214	2,299
59	93	Sports activities and amusement and recreation activities	974	1,011	677	841	1,133	1,276
60	94	Activities of membership organisations	743	746	693	726	987	891
61	95	Repair of computers and personal and household goods	90	95	77	88	95	130
62	96	Other personal service activities	972	1,018	731	826	1,201	1,274
63	97-98	Activities of households as employers of domestic personnel; undifferentiated goods- and services-producing activities of households for own use	184	189	179	203	285	290
64	99	Activities of extraterritorial organisations and bodies (not included)
01-63	01-98	All NACE economic sectors	314,739	342,950	360,059	424,242	497,530	484,190
¹Preliminary figures. GVA excludes statistical discrepancy.
²Codes aggregated for confidentiality reasons.

Open in Excel: Output and Value Added by Activity 2023 Table 4.1 (XLS 19KB)

Table 4.2 GVA by NACE A10 sector in constant market prices, 2013-2023 (chain linked annually and referenced to year 2022)

	Manufacturing	Construction	Information and Communication	Other
2012	21.4465411697733	1.88122466898922	9.76291398133734	66.9093201799001
2013	20.634484414669	2.25529952826479	10.1714203809647	66.9387956761015
2014	21.1041657909101	2.57447216589151	10.4616425702868	65.8597194729116
2015	37.3053251313796	2.08542509528007	9.20470884028814	51.4045409330522
2016	35.0213707551352	2.40735089257413	9.87478264835006	52.6964957039406
2017	34.5880926424684	2.79035608868452	11.1870856864509	51.4344655823961
2018	34.9043242033071	2.74681920654627	12.7371042815526	49.611752308594
2019	33.8671665495258	2.75870586002919	14.9209778021193	48.4531497883257
2020	35.8962662531877	2.42335218446662	16.9128400493376	44.7675415130081
2021	36.6115759664523	2.40615598735855	18.5926260042373	42.3896420419518
2022	38.8943538218543	2.46364479506885	17.4479921648905	41.1940092181864
2023	31.0043133845283	2.61354756650698	19.6406321509527	46.741506898012

In the above figure, a version of which is repeated across the Output method chapters, the 2012-2023 time-series of notable sectors of the economy are displayed. To allow for greater comparability over time the percentage contribution made by each to the total is displayed.

Similarly to Output and unlike Intermediate Consumption, Manufacturing (C) was the biggest single A21 sector of the economy when measured by GVA in 2023. Information and Communication (J) was the second biggest sector in 2023. These two sectors dominated, though not as much as for Output and Intermediate Consumption, and combined they comprised 51% of total GVA across the economy in 2023.

Construction (F) had GVA which was 13% of Information and Communication in 2023.

The Other category in the figure above is total Output less Manufacturing, Information and Communication and Construction. Sector figures can be found in Table 4.1 above and in the full 1995-2023 time series available in the CSO's PxStat database.

Next chapter: Foreign-owned Multinational Enterprises

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Table 4.2 GVA by NACE A10 sector in constant market prices, 2013-2023 (chain linked¹ annually and referenced to year 2022)													€million
NACE	A10 codes	Activity	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
01-03	A	Agriculture, Forestry and Fishing	2,781	3,523	3,722	4,091	4,485	3,858	4,957	4,980	5,134	5,724	6,572
05-39	B-E	Industry (excluding construction)	50,469	56,766	98,667	97,537	101,101	111,874	114,192	140,178	171,234	199,668	156,378
10-33	C	of which: Manufacturing	44,827	50,563	92,741	91,566	94,813	105,282	107,213	131,742	163,596	193,511	147,211
41-43	F	Construction	8,685	9,045	9,419	9,997	10,913	11,874	12,437	10,909	11,805	12,257	11,905
45-56	G-I	Distribution, transport, hotels and restaurants	34,810	36,986	39,523	42,109	43,955	46,089	47,324	38,537	43,350	47,990	47,501
58-63	J	Information and communication	20,251	22,893	26,591	29,034	37,215	46,221	55,496	66,041	81,504	86,809	93,203
64-66	K	Financial and insurance activities	17,234	17,695	17,963	14,953	15,458	16,464	16,082	15,551	20,215	17,558	20,028
68	L	Real estate activities	20,072	20,635	20,800	20,520	21,147	21,454	21,953	21,804	24,490	25,573	28,350
69-82	M-N	Professional, admin and support services	27,086	32,185	34,915	36,140	41,521	45,378	48,609	48,658	49,505	52,509	53,814
84-88	O-Q	Public administration, education and health	33,729	34,061	35,167	35,730	37,098	38,360	40,010	39,398	41,027	43,525	45,676
90-98	R-U	Arts, entertainment and other services	3,688	3,849	4,271	4,741	5,160	5,287	5,362	4,242	4,583	5,915	6,139
01-98	Total		216,780	235,492	288,479	291,311	313,799	342,773	361,124	389,526	453,120	497,530	469,567
¹Chain linked series not additive except for 2022 and 2023.

Output and Value Added by Activity 2023

Gross Value Added (GVA)

Gross Value Added (GVA)

GVA decreased by 2.7% to €484 billion in 2023

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