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Gross Value Added

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Table 21 Gross Value Added (GVA) at Current Basic Prices

This table provides gross value added (GVA) at basic prices in current terms for 37 sectors of the economy according to the Nace Rev. 2 classification system. It provides more detail than that of the 10 economic sectors shown in Table 3. Table 21 provides valuations of GVA for the sectors at "basic prices", in line with the valuation used in Tables 2 and 3. "Basic prices" is the valuation used in EU publications and differs from "factor cost" in that overhead taxes (such as rates) are included in the basic prices valuations while overhead subsidies are excluded.

Please note: Table 21 was updated on 22 September 2021 to rectify an error in the total gross value added at current basic prices. Only the total value of gross value added for years 2016-2020 was impacted by this error, all other values in Table 21 remain as published on 15 July 2021.

Table 21 Gross Value Added at Current Basic Prices

Table 22 Gross Value Added (GVA) at Constant Basic Prices (chain linked annually and referenced to year 2019)

This table provides gross value added at constant prices (chain linked and referenced to 2019) for 37 sectors of the economy. The same sectors are used as in Table 21 which is at current prices. The table provides a detailed breakdown of real growth in the constituent sectors of the economy. It aligns with Table 4 (the 10 sector breakdown) but provides a greater level of detail. The valuation used in Table 22 (as in Table 21) is "basic prices".

Table 22 Gross Value Added at Constant Basic Prices (chain linked annually and referenced to year 2019)

Note: Other taxes less other subsidies on production is not shown in Figure 11.1 and accounts for -1.0% with a value of -€3.3bn in 2020.

Table 23 provides a detailed breakdown of all components that make up Gross Value Added at current market prices by Nace Rev. 2 A64 Sector. The table also provides a breakdown of sector contributions to gross value added by Nace Rev. 2 A64 Sector. 

Figure 11.1 shows the components of Gross Value Added for 2020. Compensation of Employees accounts for 29% of total Gross Value Added in 2020. Figure 11.2 provides a more detailed breakdown by Nace A10 sector.

2020
Net
operating
surplus
42.6172136001507
Consumption
of fixed
capital
29.3814206285211
Compensation
of
employees
28.9705219936278
Table 23 Gross Value Added Components by Nace Rev. 2 A64 Sector at Current Market Prices, 2020

Compensation of employeesNet operating surplus and net mixed incomeConsumption of fixed capitalOther taxes less other subsidies on production
Agriculture,
Forestry
and Fishing
0.7895023483.2930191181.034616429-1.651421265
Industry
(excl.
Construction)
14.73051879771.40768737147.5110948020.210767077
Construction4.1176110683.5092304690.364963397-0.3347732
Distribution,
Transport,
Hotels and
Restaurants
17.44317831910.6299574184.971557021-1.365089364
Information
and
Communication
9.2480324330.92239060720.613655544-0.003701731
Financial
and
Insurance
Activities
8.4254908913.7891935191.9929185380.46953913
Real
Estate
Activities
0.87943411313.4120794326.6418307230.52113261
Professional,
Admin and
Support
Services
13.4151336418.16765342314.805586979-0.620594398
Public Admin,
Education
and Health
30.2531867622.6637884834.146594114-0.40106007
Arts,
Entertainment
and Other
Services
1.8814007731.0514161990.535790975-0.209708737

Table 24 provides a detailed breakdown of the contribution of each component of gross value added by Nace Rev. 2 A64 Sector.

Table 24 Component Percentage Contribution to NACE Sector Gross Value Added by Nace Rev. 2 A64 Sector, 2020

Figure 11.3 shows compensation of employees as a percentage of gross value added for selected Nace A64 sectors. 

ActivityCompensation of employees
Accommodation
and food
service
activities
(55-56)
100.219770809716
Education
(85)
86.0165187381799
Social
work
activities
(87-88)
83.9738416112564
Public
administration
(84)
80.8637714448399
Human
health
activities
(86)
80.3090751553662
Computer
programming
activities
(62-63)
26.1176241608418
Various
Manufacturing
activities
(19, 20, 21,
26, 28,
31-32, 33)
7.07492361345801
Rental and
leasing
activities
(77)
6.38973362507983
Publishing
activities
(58-60)
5.20591196860859
Real
estate
activities
(68)
4.09907040847869

Table 25 and Figure 11.4 provide a breakdown of the components of gross value added by Foreign-owned MNE dominated and Others. Foreign-owned MNE dominated sectors include Nace Codes: 18, 20, 21, 26, 27, 31, 32, 58, 59, 60, 61, 62 and 63.

Table 25 Breakdown of Foreign-owned multinational enterprise dominated sector and Other sectors, 2020

Foreign-owned MNE dominatedOther
Compensation of employees16.821610812690583.1783891873095
Net operating surplus and net mixed income64.054986625958535.9450133740415
Consumption of fixed capital62.48302284948537.516977150515
Other taxes less other subsidies on production-0.189328877236057100.189328877236
Gross Value Added at Basic Prices50.531993589522249.4680064104778

Table 26 provides a detailed breakdown of the components that make up compensation of employees by Nace Rev. 2 A64 Sector. Figure 11.5 shows wages and salaries and employers' social contributions as a percentage of compensation of employees by Nace A10 sector.

Table 26 Compensation of Employees, Wages and Salaries and Employers' Social Contribution by Nace Rev. 2 A64 Sector at Current Market Prices, 2020

Employers' Social ContributionWages and Salaries
Financial
and
Insurance
Activities
21.763592230009378.2364077699907
Industry
(excl.
Construction)
18.203743931664981.7962560683351
Agriculture,
Forestry
and Fishing
17.729895193260882.2701048067393
Public Admin,
Education
and Health
17.683820082088982.3161799179111
Information
and
Communication
14.585810935249385.4141890647507
Distribution,
Transport,
Hotels and
Restaurants
13.156705791921586.8432942080786
Real
Estate
Activities
12.274046381527387.7259536184729
Professional,
Admin and
Support
Services
12.238078429575787.7619215704243
Arts,
Entertainment
and Other
Services
12.1055371896487.8944628103602
Construction11.242765180661588.7572348193387

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