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Estimates of the Capital Stock of Fixed Assets 2021

Net capital stock of fixed assets increased in value to €1.2 trillion in 2021

Online ISSN: 2009-5732
CSO statistical release, , 11am

Key Findings

  • 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.

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.

Net Capital Stock of Fixed Assets

Net capital stock of fixed assets€ billion
End of year201620172018201920202021
Current Prices8268739251,0771,1381,170
Constant 2020 Prices8809129631,0861,1381,119

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 labelOther AssetsOther Machinery and EquipmentResearch and DevelopmentTransport equipmentOther buildings and structuresDwellings
201683430493149238
2017735314102164251
2018835310134184254
2019736387164205278
2020836417163217297
20211039382163247329

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

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 labelOther AssetsOther Machinery and EquipmentResearch and DevelopmentTransport equipmentOther buildings and structuresDwellings
20162539875
20172546975
201825501185
201925561395
202035701495
2021357314116
Table 1 Net Capital Stock held at end of year by type of industry at current market prices

Table 2 Net Capital Stock held at end of year by type of industry at constant market prices (base 2020)

Table 3 Net Capital Stock held at end of year by asset type at current market prices

Table 4 Net Capital Stock held at end of year by asset type at constant market prices (base 2020)

Table 5 Gross Capital Stock held at end of year by type of industry at current market prices

Table 6 Gross Capital Stock held at end of year by type of industry at constant market prices (base 2020)

Table 7 Gross Capital Stock held at end of year by asset type at current market prices

Table 8 Gross Capital Stock held at end of year by asset type at constant market prices (base 2020)

Table 9 Consumption of Fixed Capital by type of industry at current market prices

Table 10 Consumption of Fixed Capital by type of industry at constant market prices (base 2020)

Table 11 Consumption of Fixed Capital by asset type at current market prices

Table 12 Consumption of Fixed Capital by asset type at constant market prices (base 2020)

Table 13 Net Capital Stock held at end of year by type of industry & asset at current market prices, 2021

Table 14 Gross Capital Stock held at end of year by type of industry & asset at current market prices, 2021

Table 15 Consumption of Fixed Capital by type of industry & asset at current market prices, 2021

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