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Main Results

Structural Business Economy Main Results

Gross Value Added in the Structural Business Economy up 10.1% to €275.8 billion in 2020

Online ISSN: 2565-5337
CSO statistical publication, , 11am

Annual Comparisons

Table 1.1 Structural Business Statistics1 key variables, 2018 - 2020
     Percentage change
  20182019220202019 - 2020
Enterprises No. 281,408285,466291,4892.1%
Persons Engaged No. 1,573,2711,713,2571,598,643-6.7%
Turnover €m734,328807,582815,9881.0%
Gross Value Added3€m232,065250,387275,76710.1%
1Structural Business Statistics includes all Industrial, Distribution, Services and Building & Construction enterprises in Ireland.
2Break in series for Turnover and Gross Value Added in the Building & Construction sector from 2019 due to new methodology.
3Gross Value Added is GVA at factor cost (See Background Notes).
X-axis labelTurnoverGross Value Added
2018734.328232.065
2019807.582250.387
2020815.988275.767

Gross Value Added (GVA), which represents the value of goods and services produced in the economy, was €275.8 billion in 2020, an annual increase of 10.1%. Total Turnover in the Structural Business Economy increased by 1.0% to €816.0 billion between 2019 and 2020.

Number of enterprisesPersons Engaged
20182814081573271
20192854661713257
20202914891598643

The number of persons engaged dropped by 6.7% in 2020 to 1,598,643 persons, a decrease of 114,614 persons when compared with 2019 levels. The number of enterprises in the Structural Business Economy increased by 2.1% to 291,489 in 2020, compared with 285,466 enterprises in 2019.

Sectoral Breakdown 2020

Table 1.2 Structural Business Statistics1 by sector, 2020
  IndustryDistributionServicesBuilding & ConstructionTotal
Enterprises No. 19,17146,792162,86262,664291,489
Persons Engaged No. 260,660372,853807,781157,3491,598,643
Turnover €m299,249183,495304,04829,196815,988
Gross Value Added2€m128,41627,085112,2368,030275,767
1Structural Business Statistics includes all Industrial, Distribution and Services & Building and Construction enterprises in Ireland.
2Gross Value Added is GVA at factor cost (See Background Notes).
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Turnover
Building & Construction3.6
Industry36.7
Distribution22.5
Services37.3
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GVA
Building & Construction2.9
Industry46.6
Distribution9.8
Services40.7

The Industrial sector had 19,171 enterprises (6.6% of all enterprises) and 260,660 persons engaged (16.3%) in the total Structural Business Economy in 2020. However, this sector accounted for a larger share of total Turnover (36.7%) and the largest share of total GVA at 46.6%.

The Services sector had the largest number of enterprises at 162,862 (55.9%) and persons engaged at 807,781 (50.5%) in the Structural Business Economy in 2020. This sector also accounted for the largest share of total Turnover (37.3%) and for 40.7% of total GVA.

The Distribution sector had 46,792 enterprises (16.1%) and 372,853 persons engaged (23.3%) in the Structural Business Economy in 2020. This sector accounted for 22.5% of total Turnover and 9.8% of total GVA.

The Building & Construction sector accounted for more than one-fifth (21.5%) of enterprises and almost one-tenth (9.8%) of persons engaged in the Structural Business Economy in 2020. However, this sector had the lowest share of both Turnover (3.6%) and GVA (2.9%).

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Enterprises
Building & Construction21.5
Industry6.6
Distribution16.1
Services55.9
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Persons Engaged
Building & Construction9.8
Industry16.3
Distribution23.3
Services50.5