The value added shares of the sectors of the national economy

Updated: 31 Jan 2019
Next update: 15 Mar 2019

The shares of various sectors in the value added of the national economy indicate how large share of the of gross value added of the national economy or the GDP each sector generates. It shows the proportion of each producer sector of the national economy. The sectors are enterprises, nonprofit institutions serving households, financial and insurance corporations, households, and general government.

In the Classification of Sectors, the units are divided into different sectors on the basis of owners, purpose of activity and financing mode, while in the Standard Industrial Classification, the units are grouped under one main industry irrespective of the owner or the purpose of activity. For example, units producing educational services, which are classified into one main industry in the Industrial Classification, are divided in the Classification of Sectors by owner, legal form and nature of activity into nonfinancial corporations, general government and nonprofit institutions serving households. On the other hand, a unit belonging to one sector may be engaged in economic activities in several industries, for example, a municipality has units belonging to the economic activities of public administration, education and health and social services.

The size of the enterprise sector has fluctuated with the economic cycle and, therefore, the share of general government has increased during downturns in the early 1990s and starting from 2009, as the value added of the enterprise sector has contracted in relative terms.

The size of the public economy is described by general government's share of the gross value added, which was 18.6 per cent in 2017, having been 19.6 per cent one year earlier. The proportion of total public expenditure to GDP dropped to 54.2 per cent. In the previous year, the proportion was 55.9 per cent. Total public expenditure includes a notable amount of internal public sector expenses that are included in the calculations twice.