1.4 Contribution of the Agri-Food Sector to the Economy
1.4 Contribution of the Agri-Food Sector to the Economy
Gross Value Added and Modified Gross National Income The agri-food sector is Ireland’s most important indigenous exporting industry, playing a vital role in Ireland’s economy. It is estimated that the agri-food sector, which is classified as primary production (agriculture, fishing and forestry) along with food & beverages manufacturing and the wood processing sector, accounted for close to 4% of Gross Value Added at factor cost each year over the past three years. Gross Value Added at factor cost is the Gross Value Added at market prices, less any indirect taxes, plus any subsidies. The table below provides a further breakdown of these figures for the three years with the 2022 figure based on preliminary data from the CSO.
Table 1.2 Contribution of the Agri Food Sector to GVA, 2020 to 2022
| 2020 2021 2022* | |||
|---|---|---|---|
| *2022 data is preliminary | Curren | t prices, millio | n euro |
| Gross Value Added (GVA) at Factor Cost | 359,592 | 411,794 | 480,814 |
| GVA in Primary Agriculture, Fisheries and Forestry at Factor Cost | 5,117 | 5,991 | 7,184 |
| GVA in Food & Beverages Sector | 7,541 | 7,958 | 10,507 |
| GVA in Wood Processing (estimated) | 330 | 461 | 621 |
| Total | 12,988 | 14,410 | 18,311 |
| GVA in Primary Sector as a % of GVA | 1.4% | 1.5% | 1.5% |
| GVA in overall Agri-Food Sector as % of GVA | 3.6% | 3.5% | 3.8% |
Source: CSO
The Gross Value Added at Factor Cost in the agri-food sector has grown from €11.3 billion in 2013 to €18.3 billion in 2022, or 63% growth over the ten year period. In 2022 Gross Value Added in the overall agri-food sector represented 3.8% of total Gross Value Added at factor cost. Modified GNI or GNI* is an indicator that was recommended by the Economic Statistics Review Group and is designed to exclude globalisation effects that are disproportionally impacting the measurement of the size of the Irish economy. Preliminary CSO results indicate that in 2022, the agri-food sector accounted for 6.7% of GNI*, up from 6.2% in 2021 and 6.4% in 2020.
Figure from page 18
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