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By Industry

By Industry

Capital Stock of fixed assets increased by 3.2% in 2023

Online ISSN: 2009-5732
CSO statistical release, , 11am
Net Capital Stock of Fixed Assets€ billion
End of year201820192020202120222023
Current Prices9531,0661,1191,1471,2391,278
Constant 2022 Prices1,1161,2221,2751,2581,2391,228

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 labelOtherPublic Administration & DefenceInformation & CommunicationAdministrative & Support Service ActivitiesManufacturingReal Estate Activities
2018150.991653.261968.9627140.1049265.5854274.5537
2019163.707857.7162103.9142148.728306.911284.8814
2020162.931160.2855146.2157148.6281300.1331301.2038
2021175.700767.6697141.7561148.7597279.7288333.8558
2022193.788976.8362141.2556151.8119274.2033401.292
2023204.824981.4178135.6985165.802263.2034427.384

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

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.

Table 1.1 Net Capital Stock held at end of year by type of industry at current market prices, 2013-2023

Table 1.2 Net Capital Stock held at end of year by type of industry at constant market prices (base 2022), 2013-2023

Table 1.3 Gross Capital Stock held at end of year by type of industry at current market prices, 2013-2023

Table 1.4 Gross Capital Stock held at end of year by type of industry at constant market prices (base 2022), 2013-2023

Table 1.5 Consumption of Fixed Capital by type of industry at current market prices, 2013-2023

Table 1.6 Consumption of Fixed Capital by type of industry at constant market prices (base 2022), 2013-2023

Table 1.7 Net Capital Stock held at end of year by type of industry & asset at current market prices, 2023

Table 1.8 Gross Capital Stock held at end of year by type of industry & asset at current market prices, 2023

Table 1.9 Consumption of Fixed Capital by type of industry & asset at current market prices, 2023

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