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Net Capital Stock of Fixed Assets | € billion | |||||
End of year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
Current Prices | 870 | 934 | 1,066 | 1,137 | 1,155 | 1,244 |
Constant 2021 Prices | 932 | 985 | 1,110 | 1,174 | 1,155 | 1,133 |
The net value of the stock of produced assets stood at €1.2 trillion at the end of 2022. This was a €90 billion (+7.8%) increase on the value at the end of 2021.
X-axis label | Other | Public Administration & Defence | Information & Communication | Administrative & Support Service Activities | Manufacturing | Real Estate Activities |
---|---|---|---|---|---|---|
2017 | 146.17365 | 49.18226 | 64.07651 | 86.69993 | 261.69525 | 261.76464 |
2018 | 153.96719 | 53.40627 | 69.69395 | 117.57163 | 258.46914 | 280.39553 |
2019 | 167.02684 | 57.9276 | 104.70533 | 147.86309 | 299.37476 | 289.1348 |
2020 | 165.88153 | 60.57323 | 147.24249 | 158.61874 | 295.7273 | 309.22186 |
2021 | 178.88203 | 68.08011 | 143.18675 | 157.60083 | 275.25312 | 331.66985 |
2022 | 198.42144 | 77.57982 | 142.21705 | 158.77725 | 272.21515 | 395.1545 |
Breaking this down by Industry sector (see Table 1.1), the largest change in value was seen in the Real Estate sector, which grew by €63 billion (+19.1%) to a total of €395 billion. The majority of the increase in this sector was due to a rise in the value of Dwellings, excluding land.
The next largest increase was seen in Public Administration & Defence, which grew by €9 billion (+14.0%). Of this, €6 billion was due to an increase in the value of Roads.
While most sectors saw an increase in the value of their net stock, the Manufacturing sector saw a decrease of €3 billion (-1.1%) and the Information & Communication sector saw a decrease of €1 billion (-0.7%). The decline in both sectors was driven mainly by a decrease in the value of Research & Development related assets.
Consumption of Fixed Capital (often termed depreciation) increased in value by €10 billion in 2022, to a total of €122 billion by the end of the year (see Table 1.5).
Over 80% of the total depreciation was concentrated in four Industry sectors: Manufacturing (€53 billion), Information & Communication (€25 billion), Administrative & Support Service Activities (€12 billion) and Real Estate Activities (€8 billion).
The most notable rise in the value of depreciation was seen in the Manufacturing sector, which increased by €4.8 billion (+9.9%).
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