The value of the stock of produced assets increased in 2021 to €1.2 trillion.
The value of the net stock of Dwellings, excluding land, has increased by 10.7%.
Other Machinery & Equipment saw the value of its net stock increase by 10.3%.
Both the Manufacturing and Information & Communication sectors saw a decrease in value of their net stock of assets.
Net capital stock of fixed assets | € billion | |||||
End of year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Current Prices | 826 | 873 | 925 | 1,077 | 1,138 | 1,170 |
Constant 2020 Prices | 880 | 912 | 963 | 1,086 | 1,138 | 1,119 |
The value of the stock of produced assets, which largely comprises buildings, transport equipment, other machinery & equipment, and R&D, has increased in value in 2021. Allowing for depreciation, the net stock of these assets increased by 2.8% between 2020 and 2021, to €1,170bn.
X-axis label | Other Assets | Other Machinery and Equipment | Research and Development | Transport equipment | Other buildings and structures | Dwellings |
---|---|---|---|---|---|---|
2016 | 8 | 34 | 304 | 93 | 149 | 238 |
2017 | 7 | 35 | 314 | 102 | 164 | 251 |
2018 | 8 | 35 | 310 | 134 | 184 | 254 |
2019 | 7 | 36 | 387 | 164 | 205 | 278 |
2020 | 8 | 36 | 417 | 163 | 217 | 297 |
2021 | 10 | 39 | 382 | 163 | 247 | 329 |
All asset categories except for intangible fixed assets (driven by R&D) recorded an increase in their current value. Some asset categories showing notable increases include: Dwellings, excluding land +€31.8bn; Other buildings and structures +€30.0bn; Other machinery and equipment +€3.6bn – see Table 3.
All sectors except for Manufacturing, Information & Communication, Professional, Scientific & Technical Activities, and Administrative & Support Service Activities recorded an increase in the current value of their fixed assets. Some sectors showing notable increases include: Real Estate Activities +€35.8bn; Public Administration and Defence; Compulsory Social Security +€7.5bn – see Table 1.
Consumption of fixed capital (often termed depreciation) increased in value from €106 billion in 2020 to €112 billion in 2021 - see Table 11.
X-axis label | Other Assets | Other Machinery and Equipment | Research and Development | Transport equipment | Other buildings and structures | Dwellings |
---|---|---|---|---|---|---|
2016 | 2 | 5 | 39 | 8 | 7 | 5 |
2017 | 2 | 5 | 46 | 9 | 7 | 5 |
2018 | 2 | 5 | 50 | 11 | 8 | 5 |
2019 | 2 | 5 | 56 | 13 | 9 | 5 |
2020 | 3 | 5 | 70 | 14 | 9 | 5 |
2021 | 3 | 5 | 73 | 14 | 11 | 6 |
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Statistician's Comment
The Central Statistics Office (CSO) has today (11 November 2022) released Estimates of the Capital Stock of Fixed Assets 2021.
Commenting on the results, Oisín Mangan, Statistician in the National Accounts Integration section, said:
“The value of the stock of produced assets, which largely comprises buildings, transport equipment, other Machinery & Equipment, and Research & Development (R&D), has increased by 2.8% between 2020 and 2021 to €1.2 trillion.
The value of the net stock of Dwellings, excluding land, has increased by 10.7% to €329bn and the net stock of other Machinery & Equipment has grown by 10.3% to €39bn.
Both the Manufacturing (-7.2%) and Information & Communication (-2.3%) sectors saw a decrease in value of their net stock driven by a decrease in R&D related assets. The total net stock of R&D assets has decreased by 8.3% to €382bn.”