During 2011, the Non-financial corporations sector continued to be a key player in the economy, generating 53.6 per cent of the Gross Value Added of the total economy, the National Statistics Office said today.

Last year, the Non-financial corporations sector declined marginally to 53.6 per cent, from a share of 54.1 per cent in 2010. On the other hand, the Financial corporations sector’s share edged up to 8.5 per cent, an increase of 0.6 percentage points.

The Non-financial corporations generated 53.9 per cent of the total remuneration (wages and salaries plus any social contributions) paid to employees engaged in the domestic economy during 2011.

This was followed by the General Government sector, which accounted for 30.2 per cent of the total remuneration. The share of total remuneration generated by the five institutional sectors was essentially in line with that recorded for the previous year.

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