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By Industry

Capital Stock of Fixed Assets increased by 4.3% in 2025

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

The net value of the stock of produced assets stood at €1.4 trillion at the end of 2025. This was an increase of €58 billion (+4.3%) on the value at the end of 2024. When measured in constant prices, the net value of capital stock increased by €13 billion (+1.0%) at the end of 2025.

Net Capital Stock of Fixed Assets€ billion
End of year202020212022202320242025
Current Prices1,1571,1771,2641,3481,3551,413
Constant 2024 Prices1,4391,4201,3991,3981,3551,368

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 €49 billion (+9.5%) to a total of €564 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 net capital stock in Other Sectors increased by €10 billion (+4.6%) while the Public Administration & Defence sector grew by €2 billion (+2.2%). While most sectors experienced an increase in the value of their net stock, the Manufacturing sector decreased by €4 billion (-1.7%) which 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
2020163.320253596760.2855088176175.1976599031138.6713596429306.7997520752312.4535256304
2021176.238070528467.6623744343167.6237471391138.2119004147284.6885994085342.800859076
2022193.769044144276.8679883702164.6424329132140.2955323607280.684384342408.0294183662
2023206.044842425481.2642657647154.6681002437152.9881647447275.9658457892477.0398805962
2024213.400463510284.2540424408132.0915318048155.3506402275255.293593715515.0454024829
2025223.302118749586.1254848658132.1147281635156.5516260057250.8910405007564.087676673

Table 1.7 breaks down the net capital stock by industry sector and asset category. The majority (87%) of the net capital stock of Transport Equipment assets were held by the Administrative and Support Services Activities sector at the end of 2025 due to the stock of aircraft held by aircraft leasing companies. Over half (58%) of Research & Development related assets were held by the Manufacturing sector at the end of 2025, while 34% were held by the Information & Communications sector.

Consumption of Fixed Capital

Consumption of Fixed Capital (often termed depreciation) decreased in value by €13 billion in 2025, to a total of €126 billion by the end of the year (see Table 1.5). This was mainly driven by a fall in depreciation of €15 billion in the Manufacturing sector.

Almost four-fifths of the total depreciation was concentrated in four Industry sectors: Manufacturing (€48 billion), Information & Communication (€29 billion), Administrative & Support Service Activities (€12 billion) and Real Estate Activities (€11 billion).

Table 1.1 Net Capital Stock held at end of year by type of industry at current market prices, 2015-2025

Table 1.2 Net Capital Stock held at end of year by type of industry at constant market prices (base 2024), 2015-2025

Table 1.3 Gross Capital Stock held at end of year by type of industry at current market prices, 2015-2025

Table 1.4 Gross Capital Stock held at end of year by type of industry at constant market prices (base 2024), 2015-2025

Table 1.5 Consumption of Fixed Capital by type of industry at current market prices, 2015-2025

Table 1.6 Consumption of Fixed Capital by type of industry at constant market prices (base 2024), 2015-2025

Table 1.7 Net Capital Stock held at end of year by type of industry & asset at current market prices, 2025

Table 1.8 Gross Capital Stock held at end of year by type of industry & asset at current market prices, 2025

Table 1.9 Consumption of Fixed Capital by type of industry & asset at current market prices, 2025

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