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Total Supply and Use at Purchaser Prices for the year 2020 balance at €65,212.0 million
The Statistical Office announces the publication of the Supply, Use and Input-Output tables of Cyprus for the year 2020, in current and previous year's prices. Note that data for the years 2018-2019 have been revised.
For the year 2020, total supply and use at purchaser prices balance at €65,212.0 million.Business services account for 45.2% of total supply, followed by manufacturing at 25.4% and distribution and transport services at 10.4%. The share of other services in the total supply is 10.0%, construction 7.3% and agriculture, forestry and fishing products 1.7%.
The table below presents an aggregated version of the Supply table for the year 2020, in current prices. Total domestic production at basic prices is €45,227.6 million in 2020, total imports €17,568.6 million and net product taxes €2,415.8 million
Domestic production constitutes 69.4% of total supply, imports 26.9% and net taxes 3.7%. Imports have a particularly large share (45.6%) of total manufacturing supply. Net taxes on products have a larger share in the supply of manufacturing (9.3%) and construction (6.3%), compared to the other product categories.
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Table 1:Supply, 2020 €m. |
[TR] [TD]
Product categories (CPA)
[/TD] [TD]Domestic Production
[/TD] [TD]Imports
[/TD] [TD]Commercial Margins
[/TD] [/TD] [TD]Net Product Taxes
[/TD] [TD]Total Supply (Buyer's Prices)
[/TD] [/TR] [TR] [TD]Agriculture, Forestry & Fisheries (CPA 01-03)
[/TD] [/TD] [TD]804.7
[/TD] [TD]200.8
[/TD] [TD]106.5
[/TD] [TD]-0.6
[/TD] [TD]1.111.4
[/TD] [/TD] [/TR] [TR] [TD]Manufacturing (CPA 05-39)
[/TD] [TD]4,846.6
[/TD] [TD]7,532.8
[/TD] [TD]2,614.4
[/TD] [TD]1,538.3
[/TD] [TD]16.532.1
[/TD] [/TD] [/TR] [TR] [TD]Construction work (CPA 41-43)
[/TD] [TD]4.433.8
[/TD] [TD]2.1
[/TD] [TD]0.0
[/TD] [TD]297.9
[/TD] [TD]4,733.7
[/TD] [/TR] [TR] [TD]Distribution & Transport (CPA 45-53)
[/TD] [/TD] [TD]7.923.6
[/TD] [/TD] [TD]1,642.2
[/TD] [TD]-2,762.4
[/TD] [TD]6.4
[/TD] [TD]6.809.8
[/TD] [/TD] [/TR] [TR] [TD]Business services (CPA 55-82)
[/TD] [TD]21.027.8
[/TD] [TD]7,928.4
[/TD] [TD]41.4
[/TD] [TD]509.0
[/TD] [TD]29.506.5
[/TD] [/TD] [/TR] [TR] [TD]Other services (CPA 84-99)
[/TD] [TD]6,191.2
[/TD] [TD]262.3
[/TD] [TD]0.0
[/TD] [TD]64.8
[/TD] [TD]6.518,4
[/TD] [/TD] [/TR] [TR] [TD]Total Offer (CPA 01-99)
[/TD] [TD]45.227,6
[/TD] [TD]17.568.6
[/TD] [TD]0.0
[/TD] [TD]2,415.8
[/TD] [TD]65.212.0
[/TD] [/TD] [/TR]
The table below shows an aggregated version of the Usage table for the year 2020, in current prices. The total interim consumption is €25,556.9 million in 2020. Total final consumption expenditure is €17,721.7 million, gross capital formation €4,629.1 million and total exports €17,304.3 million
| Table 2. |
| Product Categories (CPA) |
[TD]
Intermediate Consumption
[/TD] [TD]Final Consumption Expenditure
[/TD] [TD] [TD]Gross Capital Formation
[/TD] [/TD] [TD]Exports
[/TD] [TD]Total Consumption (buyer prices)
[/TD] [/TD][TR] [TD]
Agriculture, Forestry & Fisheries (CPA 01-03)
[/TD] [/TD] [TD]572.4
[/TD] [TD]423.4
[/TD] [TD]21.8
[/TD] [TD]93.9
[/TD] [TD]1.111.4
[/TD] [/TD] [/TR] [TR] [TD]Manufacturing (CPA 05-39)
[/TD] [TD]5,921.2
[/TD] [TD]6,319.9
[/TD] [TD]1,342.9
[/TD] [TD]2.948.1
[/TD] [/TD] [TD]16,532.1
[/TD] [/TR] [TR] [TD]Construction work (CPA 41-43)
[/TD] [TD]2.083.4
[/TD] [TD]27.5
[/TD] [TD]2,576.2
[/TD] [TD]46.6
[/TD] [TD]4.733.7
[/TD] [/TD] [/TR] [TR] [TD]Distribution & Transportation (CPA 45-53)
[/TD] [TD]2,941.1
[/TD] [TD]481.9
[/TD] [TD]0.0
[/TD] [TD]3.386.8
[/TD] [/TD] [TD]6,809.8
[/TD] [/TR] [TR] [TD]Business services (CPA 55-82)
[/TD] [TD]13.604.1
[/TD] [/TD] [TD]4,687.4
[/TD] [TD]680.1
[/TD] [TD]10,534.9
[/TD] [TD]29.506,5
[/TD] [/TD] [/TR] [TR] [TD]Other services (CPA 84-99)
[/TD] [TD]434,7
[/TD] [TD]5.781.6
[/TD] [TD]8.1
[/TD] [TD]294.0
[/TD] [TD]6,518.4
[/TD] [/TR] [TR] [TD]Total Usage (CPA 01-99)
[/TD] [TD]25.556.9
[/TD] [TD]17,721.7
[/TD] [TD]4,629.1
[/TD] [TD]17,304.3
[/TD] [TD]65.212.0
[/TD] [/TR] [/TR]
Intermediate consumption has the largest share (39.2%) in total use. The second largest share in total use is final consumption expenditure (27.2%), followed by exports (26.5%) and gross capital formation (7.1%). Intermediate consumption takes the largest share of total use in agriculture, forestry and fishing products (51.5%) and business services (46.1%). Final consumption expenditure is the main category of use in manufacturing (38.2%) and other services (88.7%), with the remaining use being mainly split between intermediate consumption and exports. Construction supply is mostly used for gross capital formation (54.4%) and intermediate consumption (44.0%). Distribution and transport services are mostly exported (49.7%) with the next most important use being intermediate consumption (43.2%).
Gross value added (GVA) at basic prices is calculated by subtracting intermediate consumption at purchaser prices from domestic output at basic prices. To calculate Gross Domestic Product (GDP) at purchaser prices, taxes less subsidies on products are added to GVA at basic prices.
|
Domestic Production |
[TD]
Intermediate Consumption
[/TD] [TD]
Gross Value Added
[/TD] [TD]Gross Value Added
[/TD] [TD]Taxes less subsidies on products
[/TD] [TD]Gross Domestic Product
[/TD] [/TD][TR] [TD]
45.227.6
[/TD] [/TD] [TD]25.556.9
[/TD] [TD]19,670.8
[/TD] [TD]2,415.8
[/TD] [TD]22.086.6
[/TD] [/TR]
Methodological Information
General Information
The Supply, Use and Input-Output Tables are an important part of the System of National Accounts, as they provide detailed information for the analysis of transactions in goods and services by sectors of the economy and consumers. They contain data by product and sector of economic activity and show the breakdown of domestic production and imports into intermediate consumption and final uses.
These tables are published annually, no later than three years after the end of the reference year, in accordance with the provisions of Regulation (EU) No. 549/2013.
Coverage and data collection
The tables cover the whole economy, including all institutional sectors, all products and all categories of economic activity. Economic transactions with foreign countries are also recorded.
The production of the tables is based mainly on the results of the annual economic surveys of the Statistical Office, administrative sources, general government data and adjustments calculated on the basis of the European System of Accounts 2010 (ESA 2010).
For more information, interested parties can visit the Statistical Service Portal, under National Accounts, CYSTAT-DB (Database), Methodological Information or contact Mr. Michalis Charalambous at 22602136 or micharalambous@cystat.mof.gov.cy and Mr. Dimitris Ioannou: at the phone 22605128 or the e-mail address dioannou@cystat.mof.gov.cy.
(GA/EP)
Contents of this article including associated images are owned by PIO
Views & opinions expressed are those of the author and/or PIO
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