The value of the stock of produced assets grew by €39 billion (+3.2%) in 2023 to a total of €1.3 trillion.
Dwellings, excluding land, grew by €25 billion (+6.8%), to a total of €397 billion by the end of 2023.
The value of net capital stock fell in both the Manufacturing and Information & Communication sectors, driven by a decrease in the value of Research & Development related assets.
In constant prices, the value of the stock of produced assets decreased for the third year in a row, falling by 1% to €1.2 trillion.
Learn about our data and confidentiality safeguards, and the steps we take to produce statistics that can be trusted by all.
Statistician's Comment
The Central Statistics Office (CSO) has today (06 November 2024) released Estimates of the Capital Stock of Fixed Assets 2023.
Commenting on the results, Marie O’Neill, Statistician in the National Accounts Integration section, said:
“The value of the stock of produced assets stood at €1.3 trillion at the end of 2023, an increase of 3.2%, or €39 billion since the end of 2022.
The largest rise was seen in Dwellings, excluding land, which rose by €25 billion (+6.8%) to a total of €397 billion.
While most sectors saw an increase in the value of their net stock, a decrease was seen in the Manufacturing sector, which fell by €11 billion (-4.0%) and the Information & Communication sector, which dropped by €6 billion (-3.9%). These reductions were driven by a decline in Research & Development (R&D) related assets, which fell by €24 billion (-6.7%) to a total of €338 billion.
In constant prices, the value of the stock of produced assets decreased for the third year in a row, falling by 1% to a total of €1.2 trillion. This implies that the overall level of investment is lower than the depreciation in the stock of assets in recent years.”