During 2012, the Non-financial Corporations sector continued to be a key player in the economy, generating 58.7 per cent of the Gross Value Added of the total economy, the National Statistics Office has reported.

Last year, the Non-financial Corporations sector declined marginally to 58.7 per cent, from a share of 58.9 per cent in 2011. On the other hand, the Financial Corporations sector’s share edged up to 8.3 per cent, an increase of 0.3 percentage points.

Non-financial Corporations generated 54.7 per cent of the compensation of employees paid during 2012. This was followed by the General Government sector, which accounted for 30.1 per cent of the total compensation of employees. 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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