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Consumption of Fixed Capital (CFC)

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Consumption of Fixed Capital (CFC) represents the depreciation of the stock of produced fixed assets as a result of normal technical and economic ageing and insurable accidental damage. The Consumption of Fixed Capital is the depreciation of the net stock of produced fixed assets during the year not caused by revaluations because of price changes, new fixed capital formation or discarding of fixed assets. For more information see the Background Notes.

When examined by A21 sector, CFC by Manufacturing (C) activities was the largest in both 1995 and 2019. In 2019 it dominated with almost half of all CFC. Information and Communication activities (J) increased from the fourth largest CFC by sector in 1995 to the second biggest in 2019. Agriculture, Forestry and Fishing (A) declined from the third biggest sector by CFC in 1995 to the twelfth largest in 2019.

Figure 7.1 Proportional composition of Consumption of Fixed Capital (CFC) by A21 sector, 1995-2019

Show Table: Table 7.1 CFC by NACE A21 sector, 1995-2019

Show Table: Table 7.2 CFC by NACE A21 sector by rank, 1995-2019 (1 = biggest sector by value, 20 = smallest sector by value)

SECTOR/TIMEManufacturingConstructionInformation and CommunicationOther
19951353.686331205.122026425.2315874343.225752
19961455.223075217.65241437.259484774.879235
19971590.639248234.886708462.1372935413.39478
19981776.737424259.771261523.5236896354.332488
19992032.546668295.248396633.8853027540.517904
20002359.469632342.060334781.1728258927.532972
20012649.148848378.841415925.47309710081.562963
20022948.914346391.843751057.78666311209.851074
20033047.367588390.995431182.51114312874.153397
20043358.937138409.3624731330.61218214463.663693
20053829.963719444.8542471497.72370716806.969883
20064318.491622505.0804311648.12520719969.831563
20074571.40914554.2660651809.71802720129.543179
20084780.132205561.0684751987.10203818386.721734
20094763.448075519.5414382104.81218216704.321721
20104751.101209446.5062682282.82509516395.271613
20114541.418592377.1487952449.02689916314.902272
20124705.91817330.2100363064.3776317148.1275989999
20134866.115679294.5015113493.28555417953.289847
20145022.248068276.2560123829.70493919605.013373
201529289.255036269.3908984628.21065522205.440534
201633199.654388269.0000525951.94108724407.641423
201738589.664742289.2504618314.96348927052.182107
201840774.394713322.09395310903.01967929723.948716
201940415.083733358.86029413507.48937333572.81219

In the above figure, a version of which is repeated across Chapters, the 1995-2019 time-series of some notable sectors of the economy are displayed.

Similarly to Output, Intermediate Consumption, GVA and NOS, Manufacturing (C) was the biggest single A21 sector of the economy when measured by CFC in 2019 and over most of the 1995-2019 period. Information and Communication (J) was the second biggest sector in 2019. These two sectors dominated, even more than for Output, Intermediate Consumption, GVA and NOS, and combined these two A21 sectors comprised 61.4% of total CFC across the economy in 2019, which was an increase from 28.1% in 1995.

The impact of the 2015 'level shift' in the CFC of Manufacturing, and to a lesser extent in Information and Communication, is clear. While the change in 2015 was dramatic, it can be seen as part of an ongoing trend.

The Other category in the figure above is total Output less Manufacturing,  Information and Communication and Construction. Sector figures can be found in the tables above and in the full 1995-2019 time series available in the CSO's StatBank database.

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