According to the results of the Services and Transport Survey, the tertiary sector of the economy presented a mixed picture in 2020 compared to 2019, with some individual sectors growing and others shrinking.
Specifically, output value in 2020 declined 9.5% in transportation and storage (sector H), 53.9% in accommodation and food service activities (sector I) and 10.2% in administrative and support activities (sector N). In contrast, it increased by 19.1% in information and communication (sector J), 0.8% in real estate management (sector L) and 4.4% in professional, scientific and technical activities (sector M).
In value added at current prices, there was a decrease in transport and storage by 27.0% to €653.4 million, in accommodation and food service activities by 71.1% to €380.9 million, in real estate management by 4.8% to €126.1 million and in administrative and support service activities by 13.3% to €394.3 million. There was an increase in information and communication of 18.8% to €1,645.6 million and in professional, scientific and technical activities 1.8% to €1,398.8 million.
In 2020 the number of persons employed in transport and storage was 16,402 showing a decrease of 18.4%, in accommodation and food service activities 36.099 (-29.0%), in real estate management 2,847 (-1.6%) and in administrative and support activities 13,980 (-5.2%).090 persons (+3.9%) and in professional, scientific and technical activities with 32,884 persons (+4.0%).
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Table |
[TR] [TD]
NACEAvaθ.2
[/TD] [/TD] [TD]Economic Activity
[/TD] [TD]Production Value
[/TD] [TD] [TD]Value added at current prices
[/TD] [TD]Employment
[/TD] [/TR] [TR] [TD]€m.
[/TD] [TD]%*
[/TD] [TD]€m.
[/TD] [TD]%*
[/TD] [TD]Number
[/TD] [TD]%*
[/TD] [/TR] [TR] [TD]H
[/TD] [TD]Transport and Storage
[/TD] [TD]3.071.6
[/TD] [TD]-9.5
[/TD] [TD]653.4
[/TD] [TD]-27.0
[/TD] [TD]16.402
[/TD] [TD]-18.4
[/TD] [/TR] [TR] [TD]I
[/TD] [TD]Accommodation and food service activities
[/TD] [TD]1.206.2
[/TD] [TD]-53.9
[/TD] [TD]380.9
[/TD] [TD]-71.1
[/TD] [TD]36.099
[/TD] [TD]-29.0
[/TD] [/TR] [TR] [TD]J
[/TD] [TD]Update and Communication
[/TD] [TD]5.543.1
[/TD] [TD]19.1
[/TD] [TD]1,645.6
[/TD] [TD]18.8
[/TD] [TD]14.090
[/TD] [TD]3.9
[/TD] [/TR] [TR] [TD]L
[/TD] [TD]Real Estate Management
[/TD] [TD]210,4
[/TD] [TD]0.8
[/TD] [TD]126.1
[/TD] [TD]-4.8
[/TD] [TD]2.847
[/TD] [TD]-1,6
[/TD] [/TR] [TR] [TD]M
[/TD] [TD]Professional, Scientific and Technical Activities
[/TD] [TD]2.560.8
[/TD] [TD]4.4
[/TD] [TD]1,398.8
[/TD] [TD]1.8
[/TD] [TD]32.884
[/TD] [TD]4.0
[/TD] [/TR] [TR] [TD]N
[/TD] [TD]Administrative and Support Activities
[/TD] [TD]665,1
[/TD] [TD]-10.2
[/TD] [TD]394.3
[/TD] [TD]-13.3
[/TD] [TD]13.980
[/TD] [TD]-5.2
[/TD] [/TR]
* Annual percentage change in 2020 compared to 2019.
Methodological Information
Definitions
Employment - The average of the total number of employees during the year, in full-time equivalents.
Production Value - The value of services produced, the net receipts from goods sold in exactly the same condition as purchased, and other income.
Value added at current prices - Derived after deducting from output value production costs, administrative costs and rents paid for buildings and machinery.
Coverage and data collection
The Services and Transport Survey is carried out annually on enterprises whose main activity falls within Sectors H (Transport and storage), I (Accommodation and food service activities), J (Information and communication), L (Real estate management), M (Professional, scientific and technical activities) and N (Administrative and support service activities) of the NACE Rev. 2 of the European Union.
In 2020, the Survey covered a sample of approximately 2,610 enterprises. The data were collected by the Statistical Office using a special questionnaire.
For more information:
Statistical Office Portal, under Services, Predefined Tables (Excel), Methodological Information
Contact:
Margarita Georgiou: Tel: +35722602217, Tel. mgeorgiou@cystat.mof.gov.cy
Kalomoira Fragou: Tel: +35722602220, Tel. Postal: kfrangou@cystat.mof.gov.cy
(NΓ/EXP)
Contents of this article including associated images are belongs PIO
Views & opinions expressed are those of the author and/or PIO
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