The value of Ireland’s net capital stock grew by €58 billion (+4.3%) in 2025 to a total of €1.4 trillion, rising significantly more than it did in 2024 (+0.7%).
The net stock of Dwellings, excluding land, grew by €48 billion (+9.8%), to a total of €532 billion by the end of 2025.
Over half (58%) of Research & Development (R&D) related assets were held by the Manufacturing sector at the end of 2025, while 34% were held by the Information & Communications sector.
Depreciation decreased in value by €13 billion (-9.2%) in 2025 which was mainly due to a €15 billion fall in depreciation in R&D related assets in the Manufacturing sector.
In constant prices, the value of net capital stock increased by €13 billion (+1.0%) at the end of 2025.
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Statistician's Comment
The Central Statistics Office (CSO) has today (10 November 2026) published Estimates of the Capital Stock of Fixed Assets 2025.
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 2025. Allowing for depreciation, the net stock of produced fixed assets totalled €1.4 trillion at the end of 2025, an increase of €58 billion (+4.3%) in the year. This compared with a rise of €9 billion (+0.7%) in 2024.
The growth in 2025 was mainly due to a growth in the net stock of Dwellings, excluding land, which rose by €48 billion (+9.8%) to a total of €532 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 €6 billion (-2.0%), to €323 billion at the end of 2025.
Consumption of Fixed Capital (often termed depreciation) decreased in value by €13 billion (-9.2%) in 2025, to a total of €126 billion by the end of the year. This was mainly due to a fall in depreciation of €15 billion in R&D related assets in the Manufacturing sector.
In constant prices, the value of net capital stock increased by €13 billion (+1.0%) at the end of 2025. When R&D assets are excluded, the value of net capital stock, in constant prices, increased by €22 billion (+2.2%).”