Net Capital Stock of Fixed Assets | € billion | |||||
End of year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Current Prices | 953 | 1,066 | 1,119 | 1,147 | 1,239 | 1,278 |
Constant 2022 Prices | 1,116 | 1,222 | 1,275 | 1,258 | 1,239 | 1,228 |
The net value of the stock of produced assets stood at €1.3 trillion at the end of 2023. This was a €39 billion (+3.2%) increase on the value at the end of 2022.
X-axis label | Other | Public Administration & Defence | Information & Communication | Administrative & Support Service Activities | Manufacturing | Real Estate Activities |
---|---|---|---|---|---|---|
2018 | 150.9916 | 53.2619 | 68.9627 | 140.1049 | 265.5854 | 274.5537 |
2019 | 163.7078 | 57.7162 | 103.9142 | 148.728 | 306.911 | 284.8814 |
2020 | 162.9311 | 60.2855 | 146.2157 | 148.6281 | 300.1331 | 301.2038 |
2021 | 175.7007 | 67.6697 | 141.7561 | 148.7597 | 279.7288 | 333.8558 |
2022 | 193.7889 | 76.8362 | 141.2556 | 151.8119 | 274.2033 | 401.292 |
2023 | 204.8249 | 81.4178 | 135.6985 | 165.802 | 263.2034 | 427.384 |
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 €26 billion (+6.5%) to a total of €427 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 Administrative & Support Service Activities, which grew by €14 billion (+9.2%). Public Administration & Defence grew by €5 billion (+6.0%), of which Roads showed a €3 billion increase.
While most sectors saw an increase in the value of their net stock, the Manufacturing sector saw a decrease of €11 billion (-4.0%) and the Information & Communication sector saw a decrease of €6 billion (-3.9%). The decline in both sectors was driven mainly by a decrease in the values of Research & Development related assets.
Consumption of Fixed Capital (often termed depreciation) increased in value by €6 billion in 2023, to a total of €128 billion by the end of the year (see Table 1.6).
Over 80% of the total depreciation was concentrated in four Industry sectors: Manufacturing (€57 billion), Information & Communication (€27 billion), Administrative & Support Service Activities (€12 billion) and Real Estate Activities (€9 billion).
The most notable rise in depreciation was seen in the Manufacturing sector, which increased by €2.4 billion (+4.4%). The Manufacturing sector accounts for over 44% of total depreciation.
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