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
Proportional composition of Consumption of Fixed Capital (CFC) by A21 sector, 1995
Proportional composition of Consumption of Fixed Capital (CFC) by A21 sector, 2005
Proportional composition of Consumption of Fixed Capital (CFC) by A21 sector, 2010
Proportional composition of Consumption of Fixed Capital (CFC) by A21 sector, 2019
| SECTOR/TIME | Manufacturing | Construction | Information and Communication | Other |
|---|---|---|---|---|
| 1995 | 1353.686331 | 205.122026 | 425.231587 | 4343.225752 |
| 1996 | 1455.223075 | 217.65241 | 437.25948 | 4774.879235 |
| 1997 | 1590.639248 | 234.886708 | 462.137293 | 5413.39478 |
| 1998 | 1776.737424 | 259.771261 | 523.523689 | 6354.332488 |
| 1999 | 2032.546668 | 295.248396 | 633.885302 | 7540.517904 |
| 2000 | 2359.469632 | 342.060334 | 781.172825 | 8927.532972 |
| 2001 | 2649.148848 | 378.841415 | 925.473097 | 10081.562963 |
| 2002 | 2948.914346 | 391.84375 | 1057.786663 | 11209.851074 |
| 2003 | 3047.367588 | 390.99543 | 1182.511143 | 12874.153397 |
| 2004 | 3358.937138 | 409.362473 | 1330.612182 | 14463.663693 |
| 2005 | 3829.963719 | 444.854247 | 1497.723707 | 16806.969883 |
| 2006 | 4318.491622 | 505.080431 | 1648.125207 | 19969.831563 |
| 2007 | 4571.40914 | 554.266065 | 1809.718027 | 20129.543179 |
| 2008 | 4780.132205 | 561.068475 | 1987.102038 | 18386.721734 |
| 2009 | 4763.448075 | 519.541438 | 2104.812182 | 16704.321721 |
| 2010 | 4751.101209 | 446.506268 | 2282.825095 | 16395.271613 |
| 2011 | 4541.418592 | 377.148795 | 2449.026899 | 16314.902272 |
| 2012 | 4705.91817 | 330.210036 | 3064.37763 | 17148.1275989999 |
| 2013 | 4866.115679 | 294.501511 | 3493.285554 | 17953.289847 |
| 2014 | 5022.248068 | 276.256012 | 3829.704939 | 19605.013373 |
| 2015 | 29289.255036 | 269.390898 | 4628.210655 | 22205.440534 |
| 2016 | 33199.654388 | 269.000052 | 5951.941087 | 24407.641423 |
| 2017 | 38589.664742 | 289.250461 | 8314.963489 | 27052.182107 |
| 2018 | 40774.394713 | 322.093953 | 10903.019679 | 29723.948716 |
| 2019 | 40415.083733 | 358.860294 | 13507.489373 | 33572.81219 |
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.
