The National Statistics Office said today that during 2013, the Non-financial corporations sector continued to be a key player in the economy, generating 60.1 per cent of the Gross Value Added of the total economy.

Last year, the Non-financial corporations sector increased marginally to 60.1 per cent, from a share of 59.7 per cent in 2012.

On the other hand, the Financial corporations sector’s share stood at 7.8 per cent, a decline of 0.5 percentage points.

The Non-financial corporations generated 55.4 per cent of the compensation of employees paid to employees engaged in the domestic economy during 2013. This was followed by the General government sector, which accounted for 29.3 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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