The value of Ireland’s net capital stock grew by €9 billion (+0.7%) in 2024 to a total of €1.3 trillion, a slower rise than in 2023.
Dwellings, excluding land, grew by €36 billion (+8.4%), to a total of €473 billion by the end of the year.
The value of net capital stock fell in both the Manufacturing and the Information & Communication sectors, driven by a decrease in the value of Research & Development related assets.
In constant prices, the value of net capital stock decreased by €42 billion (-3.2%) at the end of 2024.
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 (6 November 2025) published Estimates of the Capital Stock of Fixed Assets 2024.
Commenting on the results, Brian Stanley, Statistician in the National Accounts Integration section, said: “The net value of capital stock, which is a measure of infrastructure and other assets in Ireland, continued to increase in value in 2024. Allowing for depreciation, the net stock of produced fixed assets totalled €1.3 trillion at the end of 2024, an increase of €9 billion (+0.7%) in the year. This compared with a rise of €86 billion (+7.0%) in 2023.
The growth in 2024 was mainly due to an increase in the value of Dwellings, excluding land, which rose by €36 billion (+8.4%) to a total of €473 billion. The value of net capital stock also went up in most other sectors, outweighing the decline in Research & Development (R&D) related assets, which fell by €48 billion (-14.1%), to €296 billion at the end of 2024. This drove the decline in capital stock in the Information & Communication sector, which decreased by €20 billion (-15.1%), and the Manufacturing sector, which fell by €19 billion (-6.8%).
In constant prices, the value of net capital stock went down by €42 billion (-3.2%) at the end of 2024. This implies that the total investment that took place in new assets did not fully offset the depreciation of existing assets in the year. However, when R&D assets are excluded, the net value of capital stock, in constant prices, increased by €14 billion (+1.4%).”