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National Income and Expenditure 2020

Capital Formation

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The following tables show a further breakdown of gross domestic fixed capital formation from Expenditure. Tables 15 and 17 are broken down by type of asset.

Tables 16 and 18 are broken down by sector of use. This new presentation of these tables is aligned with NACE Rev.2 which is the statistical classification of economic activities in the European Community. The two largest industries in 2020 are Manufacturing (C), and Information and Communication (J), which are dominated by assets related to Research and Development. Professional, Scientific and Technical Activities (M) are also dominated by these Research and Development related assets, contributing to a large increase in the 2019 figure and a decline in 2020. Similarly, Administrative and Support Service Activities (N) are dominated by aircraft related to leasing.

	Dwellings	Roads	Other building and construction	Transfer costs	Transport equipment	Other machinery and equipment	Software	Exploration	Artistic originals	Research and development
2020	7.2987871646665	1.33277187425	15.3587255385808	1.1629320147942	12.3917393254486	5.4260767859258	3.874501524473	0.0576370385	0.2027767503948	100.632089814916

Figure 9.1 shows the contribution by asset type to gross fixed capital formation. In 2020 the largest contributor was research & development accounting for 68% of the total.

Table 15 Gross Domestic Physical Capital Formation at Current Market Prices

Table 16 Gross Domestic Fixed Capital Formation by Sector of Use at Current Market Prices

Table 17 Gross Domestic Physical Capital Formation at Constant Market Prices (chain linked annually and referenced to year 2019)

Table 18 Gross Domestic Fixed Capital Formation by Sector of Use at Constant Market Prices (chain linked annually and referenced to year 2019)

Table 18 Gross Domestic Fixed Capital Formation by Sector of Use at Constant Market Prices (chain linked annually and referenced to year 2019)¹
							€ million
NACE REV. 2 section	Description	2015	2016	2017	2018	2019	2020 ²
A	Agriculture, Forestry and Fishing	971	1,016	1,018	1,163	1,280	1,258
B	Mining and Quarrying	285	264	264	147	202	142
C	Manufacturing	21,624	53,686	18,646	31,248	87,728	50,555
D	Electricity, Gas, Steam and Air Conditioning Supply	1,322	1,411	1,406	1,593	1,374	1,410
E	Water supply; sewerage, waste management and remediation activities	668	632	589	575	542	528
F	Construction	417	506	600	500	668	644
G	Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles	2,615	1,901	2,796	1,890	2,334	3,530
H	Transportation and Storage	2,476	4,513	3,717	2,488	1,869	859
I	Accommodation and Food Service Activities	423	402	636	1,731	1,504	1,676
J	Information and Communication	10,553	12,232	39,526	14,793	46,346	54,799
K	Financial and Insurance Activities	2,441	2,969	3,363	2,890	3,246	3,301
L	Real Estate Activities	7,432	8,558	10,756	11,120	12,536	11,455
	of which:
	Dwellings (incl. transfer costs)	4,633	5,607	6,869	8,206	8,091	7,506
M	Professional, Scientific and Technical Activities	3,398	4,275	3,823	3,081	9,086	619
N	Administrative and Support Service Activities	10,968	7,959	12,732	16,923	16,849	10,549
O	Public Administration and Defence; Compulsory Social Security	2,492	2,575	2,440	2,487	2,805	2,924
	of which:
	Roads	1,275	1,307	1,093	1,159	1,232	1,298
P	Education	1,265	1,307	1,268	1,237	1,219	1,222
Q	Human Health and Social Work Activities	1,180	1,335	1,282	1,484	1,054	1,204
R	Arts, Entertainment and Recreation	321	425	264	317	358	313
S	Other Service Activities	86	69	64	86	87	88
	165. Gross domestic fixed capital formation at constant market prices	70,225	105,695	105,063	95,802	191,086	147,077

¹Chain linked series not additive except for 2019 and 2020
²Preliminary

Open in Excel: National Income and Expenditure 2020 Table 18 (XLS 25KB)

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Table 15 Gross Domestic Physical Capital Formation at Current Market Prices
						€ million
Description	2015	2016	2017	2018	2019	2020 ¹
Fixed capital
Dwellings	3,348	4,232	5,648	6,872	7,306	7,299
Roads	987	1,075	953	1,086	1,232	1,333
Other building and construction (including land rehabilitation etc.)	8,930	10,095	11,781	13,426	15,700	15,359
Costs associated with transfer of land and buildings	911	1,147	1,106	1,386	1,506	1,163
Transport equipment	8,931	13,927	17,218	19,848	19,926	12,392
Agricultural machinery	386	381	374	470	569	513
Other machinery and equipment	6,322	5,317	4,583	6,177	4,518	4,913
Software	2,499	2,266	2,278	2,565	2,803	3,875
Exploration	204	122	162	54	111	58
Artistic originals	202	202	188	212	237	203
Research and development	30,480	57,939	54,419	40,022	137,178	100,632
Gross domestic fixed capital formation	63,200	96,703	98,709	92,117	191,086	147,738
Changes in stocks
Value of physical changes in stocks on farms	137	179	79	-54	-12	-45
Value of physical changes in EU intervention stocks	3	60	-0	-9	-54	0
Value of physical changes in other stocks	4,411	4,527	4,143	1,036	3,991	4,743
Total value of physical changes in stocks	4,552	4,765	4,222	974	3,925	4,698
162. Gross domestic physical capital formation at current market prices	67,752	101,468	102,932	93,091	195,011	152,436

¹Preliminary

Table 16 Gross Domestic Fixed Capital Formation by Sector of Use at Current Market Prices
							€ million
NACE REV. 2 section	Description	2015	2016	2017	2018	2019	2020 ¹
A	Agriculture, Forestry and Fishing	904	925	956	1,141	1,280	1,238
B	Mining and Quarrying	249	232	243	142	202	142
C	Manufacturing	19,939	49,433	17,701	30,044	87,728	49,284
D	Electricity, Gas, Steam and Air Conditioning Supply	1,109	1,206	1,260	1,519	1,374	1,429
E	Water supply; sewerage, waste management and remediation activities	520	522	515	540	542	542
F	Construction	354	437	541	477	668	650
G	Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles	2,351	1,750	2,603	1,824	2,334	3,484
H	Transportation and Storage	2,288	4,227	3,550	2,427	1,869	872
I	Accommodation and Food Service Activities	376	355	585	1,671	1,504	1,687
J	Information and Communication	9,241	11,334	37,300	14,263	46,346	56,182
K	Financial and Insurance Activities	2,007	2,528	2,984	2,721	3,246	3,394
L	Real Estate Activities	6,044	7,303	9,677	10,341	12,536	11,953
	of which:
	Dwellings (incl. transfer costs)	3,827	4,837	6,230	7,593	8,091	7,903
M	Professional, Scientific and Technical Activities	2,859	3,810	3,540	2,929	9,086	345
N	Administrative and Support Service Activities	10,507	7,678	12,459	16,744	16,849	10,668
O	Public Administration and Defence; Compulsory Social Security	1,962	2,141	2,144	2,339	2,805	2,997
	of which:
	Roads	987	1,075	953	1,086	1,232	1,333
P	Education	1,046	1,139	1,155	1,181	1,219	1,243
Q	Human Health and Social Work Activities	1,068	1,227	1,184	1,416	1,054	1,231
R	Arts, Entertainment and Recreation	293	389	253	315	358	311
S	Other Service Activities	84	66	62	85	87	86
	163. Gross domestic fixed capital formation at current market prices	63,200	96,703	98,709	92,117	191,086	147,738

¹Preliminary

Table 17 Gross Domestic Physical Capital Formation at Constant Market Prices (chain linked annually and referenced to year 2019)
						€ million
Description	2015	2016	2017	2018	2019	2020 ¹
Fixed capital
Dwellings	4,015	4,877	6,215	7,460	7,306	6,908
Roads	1,275	1,307	1,093	1,159	1,232	1,298
Other building and construction (including land rehabilitation etc.)	11,538	12,275	13,513	14,323	15,700	14,963
Costs associated with transfer of land and buildings	1,201	1,416	1,247	1,438	1,506	1,151
Transport equipment	9,310	14,401	17,580	20,074	19,926	12,259
Agricultural machinery	354	388	379	463	569	541
Other machinery and equipment	5,828	5,091	4,340	5,968	4,518	5,140
Software	2,839	2,575	2,567	2,721	2,803	3,750
Exploration	264	148	186	58	111	56
Artistic originals	164	180	188	206	237	201
Research and development	33,501	62,767	57,610	41,674	137,178	100,810
Gross domestic fixed capital formation	70,225	105,695	105,063	95,802	191,086	147,077
Changes in stocks
Value of physical changes in stocks on farms	122	172	75	-53	-12	-43
Value of physical changes in EU intervention stocks	3	60	-0	-9	-54	0
Value of physical changes in other stocks	3,697	3,984	3,632	966	3,991	4,972
Total value of physical changes in stocks	3,801	4,184	3,692	907	3,925	4,929
164. Gross domestic physical capital formation at constant market prices	74,724	110,437	109,197	96,588	195,011	152,006

¹Preliminary
Chain linked series not additive except for 2019 and 2020

National Income and Expenditure 2020

Capital Formation

Capital Formation

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