You are here: Home / Statistics / Annual National Accounts 2025 / GDP by Expenditures / Investment

Annual National Accounts 2025

Investment

Value of Investment was €146.5 billion in 2025

Online ISSN: 2811-5724

CSO statistical release, 02 July 2026, 11am

The following tables show a further breakdown of Gross Domestic Fixed Capital Formation from Expenditure. Tables 11.1 and 11.3 are broken down by type of asset.

Tables 11.2 and 11.4 are broken down by sector of use. The largest industry is Manufacturing (C), which is dominated by assets related to Research & Development. Information and Communication (J) and Professional, Scientific & Technical Activities (M) are also dominated by these Research & Development related assets. Similarly, Administrative & Support Service Activities (N) are dominated by Aircraft related to Leasing.

	Dwellings	Roads	Other Building & Construction	Transfer Costs	Transport Equipment	Agricultural Machinery	Other Machinery & Equipment	Cultivated Biological Resources	Software	Exploration	Artistic Originals	Research & Development
2025	22.1333350082024	1.8759874229589	16.1397814140462	1.7179544673945	16.139490166327	0.5791201154368	11.9343230388552	-0.0038175671602	6.79274489532	0.0550944639579	0.1744977252584	63.9908140887979

Get the data: PxStat NA026

Figure 11.1 above shows the contribution by asset type to gross fixed capital formation. In 2025 the largest contributor was Research & Development, accounting for 45% of the total.

Table 11.1 Gross Domestic Physical Capital Formation at Current Market Prices

Table 11.2 Gross Domestic Fixed Capital Formation by Sector of Use at Current Market Prices

Table 11.3 Gross Domestic Physical Capital Formation at Constant Market Prices (chain linked annually and referenced to year 2024)

Table 11.4 Gross Domestic Fixed Capital Formation by Sector of Use at Constant Market Prices (chain linked annually and referenced to year 2024)

Table 11.4 Gross Domestic Fixed Capital Formation by Sector of Use at Constant Market Prices (chain linked annually and referenced to year 2024)²							€ million
NACE REV. 2 section	Description	2020	2021	2022	2023	2024	2025¹
A	Agriculture, Forestry and Fishing	1,463	1,497	1,337	1,225	1,273	1,402
B	Mining and Quarrying	181	165	88	61	107	221
C	Manufacturing	74,574	44,201	40,969	50,401	36,990	45,519
D	Electricity, Gas, Steam and Air Conditioning Supply	1,780	1,886	2,015	2,381	2,792	3,706
E	Water supply; sewerage, waste management and remediation activities	939	860	847	1,363	1,040	1,017
F	Construction	583	653	492	511	483	721
G	Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles	2,924	2,092	2,404	1,764	1,953	2,847
H	Transportation and Storage	935	1,714	2,603	2,606	2,656	4,055
I	Accommodation and Food Service Activities	381	309	490	555	587	884
J	Information and Communication	70,926	17,599	23,362	20,107	2,749	26,613
K	Financial and Insurance Activities	3,677	3,328	3,090	2,064	2,227	2,414
L	Real Estate Activities	15,837	18,109	19,700	21,942	21,017	24,299
	of which:
	Dwellings (incl. transfer costs)	12,461	15,225	18,300	21,357	20,450	23,030
M	Professional, Scientific and Technical Activities	695	5,246	5,260	8,999	5,672	6,078
N	Administrative and Support Service Activities	12,581	13,214	14,992	16,020	13,836	12,601
O	Public Administration and Defence; Compulsory Social Security	3,743	3,703	3,400	3,194	3,243	3,563
	of which:
	Roads	1,920	2,006	1,849	1,918	1,898	1,876
P	Education	1,621	1,546	1,467	1,762	1,687	1,640
Q	Human Health and Social Work Activities	1,572	1,559	1,549	2,749	3,186	3,024
R	Arts, Entertainment and Recreation	263	348	374	442	600	780
S	Other Service Activities	83	131	145	186	153	146
	165. Gross domestic fixed capital formation at constant market prices	194,750	117,381	123,336	137,422	102,251	141,529
¹Preliminary
²Chain linked series not additive except for 2024 and 2025

Open in Excel: Annual National Accounts 2025 Table 11.4 (XLS 25KB)

Visit Table NA027 on PxStat

Next chapter: Disposable Income and Savings

Why you can Trust the CSO

Learn about our data and confidentiality safeguards, and the steps we take to produce statistics that can be trusted by all.

go to trust & transparency

Contact us

Central Statistics Office
Skehard Road, Cork T12 X00E, Ireland

Tel:

(+353) 21 453 5000

E-Mail:

information@cso.ie

Careers

You can count on a rewarding career with the CSO.

Learn about our variety of roles and the benefits of working with the CSO.

Table 11.1 Gross Domestic Physical Capital Formation at Current Market Prices						€ million
Description	2020	2021	2022	2023	2024	2025¹
Fixed capital
Dwellings	7,544	9,967	14,094	19,328	19,602	23,647
Roads	1,419	1,645	1,709	1,862	1,898	1,918
Other building and construction (including land rehabilitation etc.)	13,451	13,780	14,264	14,834	15,682	16,503
Costs associated with transfer of land and buildings	1,165	1,476	1,897	1,569	1,623	1,819
Transport equipment	12,428	13,901	17,051	18,502	15,851	16,438
Agricultural machinery	486	539	500	486	550	555
Other machinery and equipment	4,859	6,144	9,214	10,461	10,551	11,042
Cultivated biological resources	9	28	-32	-53	-107	-7
Software	3,309	3,428	5,975	5,522	5,802	6,876
Exploration	58	71	61	40	26	56
Artistic originals	172	164	219	200	204	193
Research and development	113,514	48,327	47,785	58,845	30,571	66,221
Gross domestic fixed capital formation	158,415	99,471	112,736	131,595	102,251	145,261
Changes in stocks
Value of physical changes in stocks on farms	-55	118	-0	-60	-106	-5
Value of physical changes in EU intervention stocks	0	0	0	0	0	0
Value of physical changes in other stocks	4,648	4,164	9,059	9,343	6,559	1,204
Total value of physical changes in stocks	4,594	4,282	9,059	9,283	6,453	1,199
162. Gross domestic physical capital formation at current market prices	163,008	103,753	121,794	140,878	108,704	146,461
¹Preliminary

Table 11.2 Gross Domestic Fixed Capital Formation by Sector of Use at Current Market Prices							€ million
NACE REV. 2 section	Description	2020	2021	2022	2023	2024	2025¹
A	Agriculture, Forestry and Fishing	1,199	1,304	1,243	1,192	1,273	1,380
B	Mining and Quarrying	146	144	78	58	107	155
C	Manufacturing	65,870	39,462	38,635	48,350	36,990	46,094
D	Electricity, Gas, Steam and Air Conditioning Supply	1,360	1,559	1,851	2,293	2,792	3,754
E	Water supply; sewerage, waste management and remediation activities	698	706	783	1,323	1,040	1,040
F	Construction	481	572	452	494	483	647
G	Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles	2,303	1,727	2,201	1,687	1,953	2,867
H	Transportation and Storage	781	1,505	2,450	2,546	2,656	4,066
I	Accommodation and Food Service Activities	327	270	466	545	587	884
J	Information and Communication	55,445	14,634	20,551	18,201	2,749	27,732
K	Financial and Insurance Activities	2,713	2,658	2,734	1,940	2,227	2,472
L	Real Estate Activities	10,384	12,850	16,289	20,715	21,017	25,891
	of which:
	Dwellings (incl. transfer costs)	8,150	10,736	15,081	20,148	20,450	24,596
M	Professional, Scientific and Technical Activities	576	4,608	4,874	8,627	5,672	6,189
N	Administrative and Support Service Activities	10,568	11,395	13,719	15,564	13,836	12,841
O	Public Administration and Defence; Compulsory Social Security	2,791	3,038	3,123	3,086	3,243	3,643
	of which:
	Roads	1,419	1,645	1,709	1,862	1,898	1,918
P	Education	1,248	1,297	1,345	1,689	1,687	1,688
Q	Human Health and Social Work Activities	1,234	1,322	1,452	2,672	3,186	2,989
R	Arts, Entertainment and Recreation	221	310	356	433	600	784
S	Other Service Activities	68	110	133	179	153	146
	163. Gross domestic fixed capital formation at current market prices	158,415	99,471	112,736	131,595	102,251	145,261
¹Preliminary

Table 11.3 Gross Domestic Physical Capital Formation at Constant Market Prices (chain linked annually and referenced to year 2024)²						€ million
Description	2020	2021	2022	2023	2024	2025¹
Fixed capital
Dwellings	11,606	14,233	17,173	20,481	19,602	22,133
Roads	1,920	2,006	1,849	1,918	1,898	1,876
Other building and construction (including land rehabilitation etc.)	18,192	16,804	15,434	15,277	15,682	16,140
Costs associated with transfer of land and buildings	1,579	1,836	2,101	1,674	1,623	1,718
Transport equipment	14,691	16,058	18,571	18,965	15,851	16,139
Agricultural machinery	549	586	527	500	550	579
Other machinery and equipment	5,226	6,761	9,556	10,686	10,551	11,934
Cultivated biological resources	11	31	-32	-56	-107	-4
Software	4,483	4,393	6,946	6,027	5,802	6,793
Exploration	78	87	66	41	26	55
Artistic originals	187	172	230	204	204	174
Research and development	130,302	54,047	51,134	61,902	30,571	63,991
Gross domestic fixed capital formation	194,750	117,381	123,336	137,422	102,251	141,529
Changes in stocks
Value of physical changes in stocks on farms	-4	7	-0	-64	-106	-2
Value of physical changes in EU intervention stocks	0	0	0	0	0	0
Value of physical changes in other stocks	4,657	4,279	8,659	9,096	6,559	1,377
Total value of physical changes in stocks	4,610	4,396	8,646	9,025	6,453	1,375
164. Gross domestic physical capital formation at constant market prices	198,062	121,336	132,078	146,471	108,704	142,904
¹Preliminary
²Chain linked series not additive except for 2024 and 2025

Annual National Accounts 2025

Investment

Investment

Value of Investment was €146.5 billion in 2025

Contents

Related

Why you can Trust the CSO

Contact us

Links

Careers

Follow us