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Capital Stock of Fixed Assets increased by 0.7% in 2024

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

The net value of the stock of produced assets stood at €1.3 trillion at the end of 2024. This was an increase of €9 billion (+0.7%) on the value at the end of 2023. When measured in constant prices, the net value of capital stock decreased by €42 billion (-3.2%) at the end of 2024. This implies that the overall level of investment in 2024 is lower than the depreciation in the stock of assets in the year. 

Net Capital Stock of Fixed Assets€ billion
End of year201920202021202220232024
Current Prices1,0561,1091,1371,2291,3151,324
Constant 2023 Prices1,2971,3511,3341,3141,3151,273

Capital Stock of Fixed Assets by Industry

Figure 1 shows a breakdown of the net capital stock of fixed assets by industry sector. The largest change in value was in the Real Estate sector, which grew by €37 billion (+7.8%) to a total of €504 billion. Most of the increase in this sector was due to a rise in the value of Dwellings, excluding land (see Table 1.1).

The next largest increase was in the Public Administration & Defence sector which grew by €3 billion (+3.7%), of which Roads increased by €1.7 billion (+3.2%). The Administrative & Support Service Activities sector grew by €2 billion (+1.6%).

While most sectors saw an increase in the value of their net stock, the Information & Communication sector decreased by €20 billion (-15.1%) and the Manufacturing sector decreased by €19 billion (-6.8%). The decline in both sectors was mainly driven by a decrease in the value of Research & Development related assets.

X-axis labelOther SectorsPublic Administration & DefenceInformation & CommunicationAdministrative & Support Service ActivitiesManufacturingReal Estate Activities
2019163.707783321657.7162246872103.914192971139.1830883596306.91103662284.8814325758
2020162.931147356360.2855088176146.2157226529138.6441728523300.1331185196301.2537793729
2021175.720806731567.669672242141.7560892947138.1747937456279.5229456985333.849880646
2022193.616350685776.9092049963141.6322479819140.2689274058275.174815035401.6902959005
2023205.708479686881.305035443134.9550031308152.9580453985272.1606510813467.7560919225
2024211.308859333984.2863409826114.5646293155.3989970562253.5692604714504.383438089

Consumption of Fixed Capital

Consumption of Fixed Capital (often termed depreciation) increased in value by €6 billion in 2024, to a total of €135 billion by the end of the year (see Table 1.5).

Over four-fifths of the total depreciation was concentrated in four Industry sectors: Manufacturing (€62 billion), Information & Communication (€26 billion), Administrative & Support Service Activities (€11 billion) and Real Estate Activities (€10 billion).

The most notable rise in the value of depreciation was in the Manufacturing sector, which increased by €4 billion (+7.3%). The Manufacturing sector accounts for over 45% of total depreciation.

Table 1.1 Net Capital Stock held at end of year by type of industry at current market prices, 2014-2024

Table 1.2 Net Capital Stock held at end of year by type of industry at constant market prices (base 2023), 2014-2024

Table 1.3 Gross Capital Stock held at end of year by type of industry at current market prices, 2014-2024

Table 1.4 Gross Capital Stock held at end of year by type of industry at constant market prices (base 2023), 2014-2024

Table 1.5 Consumption of Fixed Capital by type of industry at current market prices, 2014-2024

Table 1.6 Consumption of Fixed Capital by type of industry at constant market prices (base 2023), 2014-2024

Table 1.7 Net Capital Stock held at end of year by type of industry & asset at current market prices, 2024

Table 1.8 Gross Capital Stock held at end of year by type of industry & asset at current market prices, 2024

Table 1.9 Consumption of Fixed Capital by type of industry & asset at current market prices, 2024

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