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National Income and Expenditure 2017

Net and Gross Value Added

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The following tables show Net Value Added and Gross Value Added.

Table 1 shows Net Value Added at Factor Cost and it's constituents as well as Net National Product at Factor Cost and Net National Income at Market Prices.

Table 2 shows Net Value Added at Factor Cost and Depreciation broken down by activity as well as Gross Value Added at Factor Cost and at Basic Prices.

Table 3 shows Gross Value Added at Basic Prices broken down by activity as well as Gross Domestic Product, Gross National Product and Gross National Income all at Current Market Prices.

Table 4 shows Gross Value Added at Constant Basic Prices broken down by activity as well as Gross Domestic Product, Gross National Product and Gross National Income all at Constant Market Prices.

For more information on these tables see Methodology.

X-axis label	Agriculture forestry and fishing	Industry (excl. construction)	Construction	Distribution, transport, hotels and restaurants	Information and communication	Financial and insurance activities	Real estate activities	Professional, admin and support services	Public admin, education and health	Arts, entertainment and other services
2017	2.7	98.9	7.2	33.4	27.5	20.6	16.4	31.7	30.2	3.7

Figure 4.1 above shows the relative contributions of each sector. Just over 36% of total Gross Value Added at constant basic prices in 2017 was accounted for by Industry excluding Construction.

X-axis label	Agriculture forestry and fishing	Industry (excl. construction)	Construction	Distribution, transport, hotels and restaurants	Information and communication	Financial and insurance activities	Real estate activities	Professional, admin and support services	Public admin, education and health	Arts, entertainment and other services
2016-2017	5.1	7.6	15.2	1.7	16	2.4	1.3	11.2	2.1	2.3

Figure 4.2 above shows the growth in each sector. All sectors of the economy distinguished on Table 4 showed positive growth in 2017 with the highest increases of 15.2% in Construction and 16.0% in Information and Communication. The other sectors had annual increases ranging from 1.3% to 11.2%.

Table 1 Net Value Added at Factor Cost and Net National Income at Market Prices

Table 1 Net Value Added at Factor Cost and Net National Income at Market Prices
							€ million
Description	ESA Code	2012	2013	2014	2015	2016	2017¹
Value added from agriculture, forestry and fishing	(B.1n-D.29+D.39)	2,881	2,913	3,178	3,207	3,282	4,167
1. Income from self-employment and other trading income	B.3n	2,274	2,289	2,534	2,553	2,605	3,473
Remuneration of employees:	D.1
2. Wages and salaries	D.11	510	520	537	541	560	575
3. Employers' social contribution	D.12	97	104	106	113	117	120
Non-agricultural value added	(B.1n-D.29+D.39)	130,525	135,107	146,560	185,200	187,328	198,968
Profits and self employed earnings:
4. Domestic trading profits of companies (including corporate bodies) before tax	B.2n	47,351	49,993	58,454	91,990	86,804	94,761
5. Self employed earnings	B.3n	6,822	6,974	7,192	7,528	7,564	7,722
of which:
5(a) Withdrawals from quasi-corporations²	D.422	744	749	811	965	964	1,092
6. Adjustment for stock appreciation	B.2n	493	653	365	-416	1,076	-43
7. Rent of dwellings (actual and imputed)	B.2n	7,615	7,743	8,265	9,103	10,082	10,846
of which imputed rent		5,680	5,764	6,149	6,755	7,366	7,880
8. Rent element in land annuities		1	0	0	0	0	0
Remuneration of employees:	D.1
9. Wages and salaries	D.11	58,044	58,959	61,280	65,316	69,580	73,027
10. Employers' social contribution	D.12	10,199	10,785	11,003	11,679	12,223	12,655
Adjustments:
12. Statistical discrepancy		1,467	-1,004	-1,586	-1,987	-2,114	-2,773
13. Net value added at factor cost	(B.1n-D.29+D.39)	134,872	137,017	148,152	186,420	188,496	200,362
14. Net factor income from the rest of the world	D.1 & D.4	-35,345	-29,285	-31,407	-62,043	-51,082	-60,961
	(net to abroad)
15. Net national product at factor cost		99,527	107,731	116,745	124,377	137,414	139,401
16. National (i.e. non EU) taxes	D.2	18,372	19,310	21,213	22,581	23,625	24,681
17. National (i.e. non EU) subsidies	D.3	-1,949	-1,909	-1,867	-1,790	-1,771	-1,819
18. Net national income at market prices	B.5*n	115,951	125,132	136,090	145,167	159,269	162,263

¹Preliminary
²This represents the earnings of the owners of large non incorporated businesses (e.g. large partnerships) which are similar in their economic and financial behaviour to companies of an equivalent size.

Open in Excel: National Income and Expenditure 2017 Table 1 (XLS 26KB)

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Table 1.1 Annual Percentage Changes in the Main Constituents of Table 1

Table 2 Net Value Added at Factor Cost and Depreciation by Sector of Origin and Gross Value Added at Basic Prices

Table 2 Net Value Added at Factor Cost and Depreciation by Sector of Origin and Gross Value Added at Basic Prices
(Note the sectors here are based on NACE Rev. 2 A10. For further details see the methodology notes)
							€ million
Description	ESA Code	2012	2013	2014	2015	2016	2017 ¹
24.1 Agriculture forestry and fishing
Net value added	(B.1n-D.29+D.39)	2,882	2,913	3,178	3,207	3,282	4,167
Remuneration of employees	D.1	607	624	643	655	677	694
Other	(B.2n & B.3n)	2,275	2,289	2,535	2,553	2,605	3,473
24.2 Industry (excluding construction)
Net value added	(B.1n-D.29+D.39)	33,087	32,883	36,358	62,876	56,343	58,778
Remuneration of employees	D.1	9,524	9,905	10,525	11,310	11,709	12,207
Other	(B.2n & B.3n)	23,071	22,699	26,088	52,329	43,866	46,859
Adjustment for stock appreciation	(B.2n & B.3n)	492	280	-254	-763	767	-287
24.3 of which: Manufacturing
Net value added	(B.1n-D.29+D.39)	30,235	30,073	33,677	60,802	54,169	55,481
Remuneration of employees	D.1	8,154	8,653	9,235	9,914	10,343	10,740
Other	(B.2n & B.3n)	21,593	21,139	24,699	51,651	43,050	45,011
Adjustment for stock appreciation	(B.2n & B.3n)	487	281	-257	-763	777	-270
24.4 Construction
Net value added	(B.1n-D.29+D.39)	2,333	3,214	4,338	5,053	5,940	6,604
Remuneration of employees	D.1	2,106	2,173	2,509	2,928	3,444	3,820
Other	(B.2n & B.3n)	227	1,042	1,829	2,125	2,496	2,785
24.5 Distribution, transport, hotels and restaurants
Net value added	(B.1n-D.29+D.39)	22,264	24,435	25,244	27,341	28,382	28,655
Remuneration of employees	D.1	14,031	14,176	14,812	15,744	16,629	17,397
Other	(B.2n & B.3n)	8,231	9,886	9,812	11,250	11,445	11,014
Adjustment for stock appreciation	(B.2n & B.3n)	1	373	620	347	308	244
24.6. Information and communication
Net value added	(B.1n-D.29+D.39)	12,221	13,179	15,041	17,464	17,592	21,277
Remuneration of employees	D.1	4,045	4,532	4,831	5,500	5,957	6,125
Other	(B.2n & B.3n)	8,176	8,647	10,209	11,964	11,636	15,153
24.7 Financial and insurance activities
Net value added	(B.1n-D.29+D.39)	13,746	12,569	14,513	16,053	18,536	18,641
Remuneration of employees	D.1	6,833	6,666	6,947	7,191	7,426	7,674
Other	(B.2n & B.3n)	6,913	5,903	7,566	8,862	11,110	10,967
24.8 Real estate activities
Net value added	(B.1n-D.29+D.39)	7,728	8,181	9,109	10,044	11,200	11,958
Remuneration of employees	D.1	375	397	495	561	618	669
Other	(B.2n & B.3n)	7,353	7,784	8,614	9,484	10,583	11,288
24.9 Professional, admin and support services
Net value added	(B.1n-D.29+D.39)	11,410	12,537	14,325	18,022	19,992	22,511
Remuneration of employees	D.1	6,470	6,840	7,582	8,440	9,501	10,434
Other	(B.2n & B.3n)	4,940	5,697	6,744	9,583	10,491	12,077
24.10 Public admin, education and health
Net value added	(B.1n-D.29+D.39)	24,970	25,139	24,597	25,372	26,285	27,206
Remuneration of employees	D.1	23,167	23,305	22,761	23,463	24,558	25,341
Other	(B.2n & B.3n)	1,803	1,834	1,836	1,908	1,728	1,865
24.11 Arts, entertainment and other services
Net value added	(B.1n-D.29+D.39)	2,766	2,970	3,035	2,976	3,057	3,337
Remuneration of employees	D.1	1,691	1,751	1,820	1,858	1,963	2,015
Other	(B.2n & B.3n)	1,075	1,219	1,214	1,117	1,095	1,322
26. Statistical discrepancy (equals Item 12, Table 1)		1,467	-1,004	-1,586	-1,987	-2,114	-2,773
27. Net value added at factor cost	B.1n-D.29+D.39	134,872	137,017	148,152	186,420	188,496	200,362
28. plus Provision for depreciation	P.51c	25,311	26,708	28,839	56,499	63,881	71,957
28.1 Agriculture, forestry and fishing	P.51c	756	768	818	856	857	883
28.2 Industry (excluding construction)	P.51c	6,279	6,490	6,690	31,001	34,748	39,897
28.3 of which Manufacturing	P.51c	4,710	4,874	5,025	29,277	32,988	38,076
28.4 Construction	P.51c	331	295	278	272	275	305
28.5 Distribution, transport, hotels and restaurants	P.51c	3,072	3,159	3,239	3,495	3,990	4,600
28.6 Information and communication	P.51c	3,063	3,492	3,825	4,628	5,941	7,045
28.7 Financial and insurance activities	P.51c	801	824	1,051	1,280	1,394	1,587
28.8 Real estate activities	P.51c	3,587	3,700	3,910	4,087	4,371	4,761
28.9 Professional, admin and support services	P.51c	4,268	4,771	5,678	7,314	8,508	8,859
28.10 Public admin, education and health	P.51c	2,740	2,801	2,917	3,111	3,337	3,551
28.11 Arts, entertainment and other services	P.51c	414	407	433	454	461	469
29. Gross value added at factor cost	B.1g-D.29+D.39	160,183	163,724	176,991	242,920	252,377	272,320
30. Non product taxes	D.29	2,273	2,562	2,978	3,144	3,039	3,215
31. Non product subsidies	D.39	-2,454	-2,280	-2,204	-2,468	-2,316	-2,361
32. Gross value added at basic prices	B.1g	160,002	164,006	177,765	243,595	253,101	273,174

¹Preliminary

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Table 3 Gross Value Added at Basic Prices by Sector of Origin and Gross National Income at Current Market Prices

Table 3 Gross Value Added at Basic Prices by Sector of Origin and Gross National Income at Current Market Prices
(Note the sectors here are based on NACE Rev. 2 A10 breakdown. For further details see the methodology notes)
							€ million
Description	ESA Code	2012	2013	2014	2015	2016	2017 ¹
46.1 Agriculture, forestry and fishing	B.1g	1,716	1,954	2,419	2,297	2,537	3,444
46.2 Industry (excluding construction)	B.1g	40,175	40,195	43,882	94,738	91,960	99,524
46.3 of which: Manufacturing	B.1g	35,230	35,240	39,005	90,388	87,466	93,863
46.4 Construction	B.1g	2,690	3,538	4,645	5,353	6,243	6,937
46.5 Distribution, transport, hotels and restaurants	B.1g	25,806	28,087	28,992	31,350	32,871	33,749
46.6 Information and communication	B.1g	15,412	16,802	19,000	22,230	23,670	28,459
46.7 Financial and insurance activities	B.1g	14,619	13,484	15,810	17,640	20,143	20,593
46.8 Real estate activities	B.1g	11,635	12,401	13,664	14,728	16,152	17,300
46.9 Professional, admin and support services	B.1g	15,604	17,243	19,963	25,303	28,469	31,347
46.10 Public administration, education and health	B.1g	27,670	27,900	27,475	28,463	29,599	30,737
46.11 Arts, entertainment and other services	B.1g	3,208	3,408	3,501	3,483	3,570	3,858
47. Statistical discrepancy (equals Item 12, Table 1)		1,467	-1,004	-1,586	-1,987	-2,114	-2,773
51. Gross value added at basic prices	B.1g	160,002	164,006	177,765	243,595	253,101	273,174
52. Product taxes	D.21	16,341	16,996	18,509	19,764	21,071	21,899
53. Product subsidies	D.31	-1,127	-1,079	-981	-893	-934	-962
54. Gross domestic product at current market prices	B.1*g	175,216	179,922	195,293	262,466	273,238	294,110
55. Net factor income from the rest of the world	D.1 & D.4	-35,345	-29,285	-31,407	-62,043	-51,082	-60,961
	(net to abroad)
56. Gross national product at current market prices		139,871	150,637	163,886	200,423	222,156	233,149
57. EU subsidies	D.3	1,632	1,450	1,318	1,571	1,479	1,504
58. EU taxes	D.2	-242	-247	-275	-327	-486	-433
59. Gross national income at current market prices	B.5*g	141,261	151,840	164,929	201,667	223,150	234,221

¹Preliminary

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Table 3.1 Annual Percentage Change in the Main Constituents of Table 3

Table 4 Gross Value Added at Constant Basic Prices by Sector of Origin and Gross National Income at Constant Market Prices (chain linked annually and referenced to year 2016)

Table 4 Gross Value Added at Constant Basic Prices by Sector of Origin and Gross National Income at Constant Market Prices (chain linked annually and referenced to year 2016)
(Note the sectors here are the NACE Rev. 2 A10 breakdown. For further details see the methodology notes)
							€ million
Description	ESA Code	2012	2013	2014	2015	2016	2017 ¹
65.1 Agriculture, forestry and fishing	B.1g	1,660	1,715	2,160	2,288	2,537	2,665
65.2 Industry (excluding construction)	B.1g	44,994	43,556	48,110	87,338	91,960	98,905
65.3 of which: Manufacturing	B.1g	40,755	39,046	43,174	82,917	87,466	94,149
65.4 Construction	B.1g	4,337	4,741	5,065	5,400	6,243	7,193
65.5 Distribution, transport, hotels and restaurants	B.1g	26,971	27,412	29,129	31,380	32,871	33,416
65.6 Information and communication	B.1g	15,625	17,215	19,720	22,313	23,670	27,451
65.7 Financial and insurance activities	B.1g	15,516	14,826	16,496	18,580	20,143	20,636
65.8 Real estate activities	B.1g	15,445	15,591	15,977	16,021	16,152	16,367
65.9 Professional, administration and support services	B.1g	16,853	18,930	20,989	26,234	28,469	31,661
65.10 Public administration, education and health	B.1g	27,569	27,883	28,037	28,549	29,599	30,213
65.11 Arts, entertainment and other services	B.1g	2,826	2,857	2,911	3,102	3,570	3,652
66. Statistical discrepancy		~	~	~	~	-2,114	-56
70. Gross value added at constant basic prices	B.1g	173,273	175,135	190,356	241,385	253,101	272,104
71. Product taxes	D.21	16,403	16,975	18,454	19,763	21,071	21,826
72. Product subsidies	D.31	-1,132	-1,078	-978	-893	-934	-959
73. Gross domestic product at constant market prices	B.1*g	188,663	191,186	208,011	260,258	273,238	292,971
74. Net factor income from the rest of the world	D.1 & D.4	-36,809	-30,821	-32,903	-60,953	-51,082	-61,027
	(net to abroad)
75. Gross national product at constant market prices		151,780	160,561	175,331	199,164	222,156	231,943
76. EU subsidies	D.3	1,629	1,441	1,312	1,568	1,479	1,501
77. EU taxes	D.2	-243	-247	-274	-327	-486	-431
78. Gross national income at constant market prices	B.5*g	153,200	161,769	176,363	200,403	223,150	233,013

¹Preliminary
^..Chain linked series not additive except for 2016 and 2017

Open in Excel: National Income and Expenditure 2017 Table 4 (XLS 26KB)

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Table 4.1 Annual Percentage Changes in the Main Constituents of Table 4

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Table 3.1 Annual Percentage Changes in the Main Constituents of Table 3

Description	ESA Code	2012-2017	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017
Agriculture, forestry and fishing	B.1g	14.9	13.9	23.8	-5.0	10.5	35.7
Industry (excluding construction)	B.1g	19.9	0.1	9.2	115.9	-2.9	8.2
of which: Manufacturing	B.1g	21.7	0.0	10.7	131.7	-3.2	7.3
Construction	B.1g	20.9	31.5	31.3	15.2	16.6	11.1
Distribution, transport, hotels and restaurants	B.1g	5.5	8.8	3.2	8.1	4.9	2.7
Information and communication	B.1g	13.1	9.0	13.1	17.0	6.5	20.2
Financial and insurance activities	B.1g	7.1	-7.8	17.3	11.6	14.2	2.2
Real estate activities	B.1g	8.3	6.6	10.2	7.8	9.7	7.1
Professional, administration and support services	B.1g	15.0	10.5	15.8	26.7	12.5	10.1
Public administration, education and health	B.1g	2.1	0.8	-1.5	3.6	4.0	3.8
Arts, entertainment and other services	B.1g	3.8	6.2	2.7	-0.5	2.5	8.1
Gross value added at basic prices	B.1g	11.3	2.5	8.4	37.0	3.9	7.9
Gross domestic product at current market prices	B.1*g	10.9	2.7	8.5	34.4	4.1	7.6
Gross national product at current market prices		10.8	7.7	8.8	22.3	10.8	4.9
Gross national income at current market prices	B.5*g	10.6	7.5	8.6	22.3	10.7	5.0

National Income and Expenditure 2017

Net and Gross Value Added

Net and Gross Value Added

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