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For more information on this release:
E-mail: nat_acc@cso.ie Oisín Mangan 01 4984089 John Sheridan 01 4984258
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-5732
CSO statistical release, , 11am

Estimates of the Capital Stock of Fixed Assets

2018

Net capital stock of fixed assets   € billion
End of year201320142015201620172018
Current Prices450.9494.4756.0812.5861.9881.7
Constant 2017 Prices526.2554.1810.2842.3861.9857.5

Net capital stock of fixed assets increases in value

Figure 1 Net stock of Fixed Capital Assets
go to full release

The value of the stock of produced assets, which largely comprises buildings, transport equipment, other machinery and equipment, and research and development, has increased in value in 2018. Allowing for depreciation, the net stock of these assets increased by 2.3% between 2017 and 2018.

The graph in figure 1 displays the continuing increase in the net stock of fixed capital assets with current price level exceeding constant price level in 2018.

 

X-axis labelOther AssetsOther Machinery and EquipmentResearch and DevelopmentTransport equipmentOther buildings and structuresDwellings
20137283162115208
20145323380125219
20153593500136226
20163933400150235
20174133500166248
20184033700186256

* For 2015, 2016, 2017 and 2018 the categories Research and Development and Transport Equipment are included with Other Assets for confidentiality reasons

Due to confidentiality constraints and the risk of disclosing individual data the asset categories intangible fixed assets, research and development, and transport equipment have been suppressed from 2015 on. Together transport equipment and intangible fixed assets amounted to €400bn at the end of 2018, a decrease of €9bn on the 2017 level. These categories now make up 45% of the net stock of assets, compared with 24% in 2014 – see Table 3.

All sectors except for Mining and Quarrying, Manufacturing, and Other Service Activities recorded an increase in the current value of their fixed assets. Some sectors showing notable increases include: Financial and Insurance Activities +€2.2bn; Real Estate Activities +€12.0bn; Professional, Scientific and Technical Activities +€2.2bn; Public Administration and Defence; Compulsory Social Security +€4.2bn – see Table 1.

X-axis labelOther AssetsOther Machinery and EquipmentResearch and DevelopmentTransport equipmentOther buildings and structuresDwellings
2013147654
2014247754
20154150064
20164950064
20175750074
20186150085

* For 2015, 2016, 2017 and 2018 the categories Research and Development and Transport Equipment are included with Other Assets for confidentiality reasons

Consumption of fixed capital (often termed depreciation) increased in value from €73 billion in 2017 to €79 billion in 2018. As in the preceding tables the asset breakdown of consumption of fixed capital has required suppression. In 2014 transport equipment and intangible fixed assets had a combined consumption of fixed capital of €15bn. In 2018 the value for those same categories was €62bn - see Table 11.

Table 1 Net Capital Stock held at end of year by type of industry at current market prices€ million
Nace Rev 2 Section20082009201020112012201320142015201620172018
Agriculture, Forestry and FishingA10,0409,1668,6158,8149,1948,9709,36310,1719,93810,39110,840
Mining and QuarryingB2,2622,2202,0271,9301,9641,8141,7751,7361,6541,6471,593
ManufacturingC36,63435,28734,36232,92734,50136,17838,865****
Electricity, Gas, Steam and Air Conditioning SupplyD12,12611,82111,56711,50111,85812,39313,05813,75714,23815,08216,248
Water supply; sewerage, waste management and remediation activitiesE7,3347,0576,7116,8467,1437,6748,3489,0459,82910,63311,584
ConstructionF3,8983,4752,9632,5062,2812,1162,1252,2552,4172,7823,277
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG9,7378,7068,2248,1528,3198,7459,19110,51611,04712,38513,042
Transportation and StorageH16,73617,35817,20615,68616,56117,05817,29018,34020,93822,84424,389
Accommodation and Food Service ActivitiesI4,9034,2393,9633,8363,7173,7183,8784,0184,0494,2884,583
Information and CommunicationJ12,47912,90913,54114,53518,02319,27421,59026,76833,56763,92465,443
Financial and Insurance ActivitiesK6,8576,5416,1976,1176,4447,1039,12410,16711,84614,06716,314
Real Estate ActivitiesL255,388213,203202,684203,097207,812213,398225,284234,646246,901263,794275,804
of which:            
  Dwellings 247,798207,253198,019198,861202,800207,793218,562225,889235,492248,417255,712
Professional, Scientific and Technical ActivitiesM4,0023,6093,8064,6545,2256,1876,8508,40910,63511,60013,780
Administrative and Support Service ActivitiesN28,72232,21536,13640,23645,68149,74168,029****
Public Administration and Defence; Compulsory Social SecurityO38,83237,46335,36935,58336,97438,06740,06942,72045,97349,37153,575
of which:            
  Roads 26,43826,55325,11625,31726,24826,78928,05729,58431,44433,23135,463
EducationP10,2889,3758,9608,8839,2319,4259,76010,27510,99911,59712,291
Human Health and Social Work ActivitiesQ6,0085,5105,3275,6015,8616,4167,0467,8468,6399,32910,219
Arts, Entertainment and RecreationR2,2242,1772,1052,1352,1472,1812,3532,4972,6822,7822,960
Other Service ActivitiesS624586551501464439446458441442439
 
Total 469,094422,917410,315413,539433,401450,897494,442756,015812,488861,856881,715
* Suppressed for confidentiality reasons
Table 2 Net Capital Stock held at end of year by type of industry at constant market prices (base 2017)€ million
Nace Rev 2 Section20082009201020112012201320142015201620172018
Agriculture, Forestry and FishingA10,66710,45110,14110,03610,05410,05810,08410,21410,29910,39110,525
Mining and QuarryingB2,4632,5292,4052,2812,3082,1001,9561,8291,7201,6471,528
ManufacturingC38,55339,24239,14438,23138,81340,41742,430****
Electricity, Gas, Steam and Air Conditioning SupplyD13,35413,90914,41814,40614,57114,89914,96314,99115,05115,08215,281
Water supply; sewerage, waste management and remediation activitiesE8,0028,5348,8059,0009,1339,5459,91910,19910,43910,63310,819
ConstructionF3,9163,5433,1022,6832,4492,2742,2142,3062,4982,7823,095
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG9,8389,7569,6989,7439,78110,12610,32211,34911,54012,38512,487
Transportation and StorageH17,19219,11019,93918,59319,17719,37019,19119,66121,67622,84423,635
Accommodation and Food Service ActivitiesI4,8024,7304,6554,5594,3764,3044,2994,2654,2214,2884,353
Information and CommunicationJ13,88614,67116,00017,62220,65721,80824,37429,36634,92163,92463,141
Financial and Insurance ActivitiesK6,9537,5567,5357,5347,7658,41610,46611,20612,45814,06715,385
Real Estate ActivitiesL250,835255,443255,960255,322254,979254,537254,906256,381259,006263,794270,112
of which:            
  Dwellings 243,254248,257249,852249,779248,609247,591246,933246,513246,896248,417251,343
Professional, Scientific and Technical ActivitiesM4,1093,9374,3045,4995,9016,9457,7139,15311,03711,60013,308
Administrative and Support Service ActivitiesN29,78233,22638,12843,30248,49952,12571,124****
Public Administration and Defence; Compulsory Social SecurityO43,14245,27446,34146,73147,18147,25747,57248,11948,78149,37150,074
of which:            
  Roads 30,47132,21433,12133,41833,67833,40633,41633,39833,40733,23133,103
EducationP10,64911,05411,24611,33811,31611,30911,40411,48811,59211,59711,601
Human Health and Social Work ActivitiesQ6,3276,6076,8187,1787,2577,7378,1008,5258,9849,3299,683
Arts, Entertainment and RecreationR2,1092,3782,4532,4822,4592,4592,5452,6092,7622,7822,798
Other Service ActivitiesS604592575540502477470468455442425
 
Total 477,185492,542501,666507,081517,180526,163554,051810,187842,302861,856857,477
* Suppressed for confidentiality reasons
Table 3 Net Capital Stock held at end of year by asset type at current market prices€ million
Asset Category20082009201020112012201320142015201620172018
Dwellings, excluding land247,798207,253198,019198,861202,800207,793218,562225,889235,492248,417255,712
Other buildings and structures121,229110,089102,795104,097109,239115,444124,506135,675149,734166,056186,099
of which:           
  Roads26,43826,55325,11625,31726,24826,78928,05729,58431,44433,23135,463
Transport equipment45,19849,04552,12553,16558,39662,21780,090****
Other machinery and equipment27,42327,47026,98527,12327,03728,46232,06935,19034,44335,27837,041
of which:           
  Office machinery and hardware3,2543,6743,7544,6595,3665,7986,0866,4156,8987,3917,818
Cultivated assets2,1661,8961,8892,2952,6172,2602,2842,7682,4322,5382,407
Intangible fixed assets25,28027,16428,50327,99933,31334,72136,931****
of which:           
  Computer software1,7391,7271,9131,7982,1512,3822,6563,6663,9564,2734,886
  Research and development22,54924,42325,65525,26230,15431,41333,354****
 
Total469,094422,917410,315413,539433,401450,897494,442756,015812,488861,856881,715
* Suppressed for confidentiality reasons
Table 4 Net Capital Stock held at end of year by asset type at constant market prices (base 2017)€ million
Asset Category20082009201020112012201320142015201620172018
Dwellings, excluding land243,254248,257249,852249,779248,609247,591246,933246,513246,896248,417251,343
Other buildings and structures128,429133,562135,557137,408140,161143,960148,289153,279159,082166,056173,709
of which:           
  Roads30,47132,21433,12133,41833,67833,40633,41633,39833,40733,23133,103
Transport equipment46,76050,32454,67956,76161,56964,82183,414****
Other machinery and equipment28,52428,05227,39227,94627,79629,44131,67633,75434,87635,27836,833
of which:           
  Office machinery and hardware3,8504,1294,3695,3875,8026,2006,4286,6797,1137,3918,143
Cultivated assets2,4012,3462,2802,3022,3772,3532,3502,4562,4892,5382,512
Intangible fixed assets27,81730,00131,90732,88536,66937,99741,389****
of which:           
  Computer software2,0232,0952,2162,0572,3652,5962,8613,6973,9904,2734,601
  Research and development24,82026,82028,61829,77533,17234,39437,582****
 
Total477,185492,542501,666507,081517,180526,163554,051810,187842,302861,856857,477
* Suppressed for confidentiality reasons
Table 5 Gross Capital Stock held at end of year by type of industry at current market prices€ million
Nace Rev 2 Section20082009201020112012201320142015201620172018
Agriculture, Forestry and FishingA17,92516,75916,01216,15416,66716,58317,40118,58218,43919,29520,295
Mining and QuarryingB4,7934,7394,5534,5554,6964,6084,6554,6554,4874,4324,332
ManufacturingC73,37172,31072,46271,75775,80478,71382,837****
Electricity, Gas, Steam and Air Conditioning SupplyD20,01019,82619,70820,15821,28222,60524,37426,26227,70729,87332,521
Water supply; sewerage, waste management and remediation activitiesE10,54810,1589,77010,09110,67811,51712,60013,77015,09716,50818,176
ConstructionF7,4097,1886,6866,1335,8665,5895,5515,5675,4625,7606,325
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG17,63616,36415,87715,92616,42217,03417,72519,41820,34822,33323,751
Transportation and StorageH29,07830,06530,49429,64631,50232,89033,94435,94839,59042,86045,919
Accommodation and Food Service ActivitiesI9,5108,4498,1458,1168,1798,3458,7959,2249,4059,91010,527
Information and CommunicationJ25,37326,55527,76129,34434,96938,06842,24250,40361,75198,463108,128
Financial and Insurance ActivitiesK12,40211,81511,60411,76312,44513,39115,95817,81320,39123,70827,254
Real Estate ActivitiesL312,661262,084251,141253,738261,952271,360288,731302,768320,374343,534360,027
of which:            
  Dwellings 303,061254,246244,542247,518254,694263,214279,154290,772305,252323,664334,488
Professional, Scientific and Technical ActivitiesM7,6197,3747,7898,91910,12011,67212,95815,54019,35022,10426,259
Administrative and Support Service ActivitiesN40,28045,76351,49457,68866,17273,57595,732****
Public Administration and Defence; Compulsory Social SecurityO53,78152,29649,81250,63253,15055,29358,67563,00068,22973,79380,606
of which:            
  Roads 37,49737,59135,77236,53538,39139,90942,44745,46049,05552,72757,189
EducationP19,06317,60517,14117,22318,23818,82419,51720,58622,06923,36224,833
Human Health and Social Work ActivitiesQ10,6409,8949,66210,08810,68011,48512,52313,84015,15316,42618,102
Arts, Entertainment and RecreationR3,9653,8943,8523,9934,1204,2614,6224,9335,2465,5386,044
Other Service ActivitiesS1,2321,2101,1931,1421,1081,0791,0971,1151,0671,0641,054
 
Total 677,294624,347615,154627,065664,052696,892759,9371,069,0881,179,9881,295,4741,386,648
* Suppressed for confidentiality reasons
Table 6 Gross Capital Stock held at end of year by type of industry at constant market prices (base 2017)€ million
Nace Rev 2 Section20082009201020112012201320142015201620172018
Agriculture, Forestry and FishingA18,89918,79018,57418,54518,62818,69818,78818,97919,13419,29519,518
Mining and QuarryingB5,2395,4465,4805,4705,5755,3845,1794,9474,6814,4324,138
ManufacturingC77,21280,26382,31383,12784,97587,66990,512****
Electricity, Gas, Steam and Air Conditioning SupplyD22,08023,33424,56325,26826,14227,18027,93428,61329,28029,87330,599
Water supply; sewerage, waste management and remediation activitiesE11,50612,27512,79413,24213,63314,30714,95115,50816,03116,50816,979
ConstructionF7,4607,2496,8916,4796,1775,8765,6495,5655,5975,7605,999
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG17,74617,93518,13618,50718,81519,30319,55620,73021,17322,33322,872
Transportation and StorageH29,75632,82234,84234,48835,89336,82537,24038,23440,89442,86044,560
Accommodation and Food Service ActivitiesI9,2689,3949,5299,6219,5949,6469,7569,8079,8079,9109,996
Information and CommunicationJ28,13430,02332,50435,37239,97342,95747,60455,19564,20498,463104,480
Financial and Insurance ActivitiesK12,60213,52513,88914,23014,72415,62118,10819,45321,36523,70825,798
Real Estate ActivitiesL306,567313,752316,989318,919321,337323,667326,768330,823336,072343,534352,620
of which:            
  Dwellings 297,007304,326308,395310,855312,305313,768315,540317,403320,084323,664328,702
Professional, Scientific and Technical ActivitiesM7,7947,9638,67310,34511,29212,98714,45116,82920,05322,10425,382
Administrative and Support Service ActivitiesN41,80247,21754,32062,05570,21777,075100,069****
Public Administration and Defence; Compulsory Social SecurityO60,01963,01764,92466,19767,48868,37369,47770,82972,33373,79375,394
of which:            
  Roads 43,21845,60647,17348,22649,25949,76650,55551,32152,11752,72753,382
EducationP19,78220,67621,33421,83622,15022,41022,71722,96923,22423,36223,489
Human Health and Social Work ActivitiesQ11,29411,81512,24512,81313,08213,74514,31614,98415,73816,42617,169
Arts, Entertainment and RecreationR3,6934,1024,3094,4664,5604,6744,8795,0695,3615,5385,716
Other Service ActivitiesS1,1881,2091,2191,2021,1751,1501,1381,1271,0971,0641,023
 
Total 692,039720,808743,529762,183785,432807,547849,0931,145,8701,223,7661,295,4741,346,575
* Suppressed for confidentiality reasons
Table 7 Gross Capital Stock held at end of year by asset type at current market prices€ million
Asset Category20082009201020112012201320142015201620172018
Dwellings, excluding land303,061254,246244,542247,518254,694263,214279,154290,772305,252323,664334,488
Other buildings and structures191,071173,115163,277167,031176,761187,902203,588222,391245,651272,082304,366
of which:           
  Roads37,49737,59135,77236,53538,39139,90942,44745,46049,05552,72757,189
Transport equipment73,51680,83086,36189,65298,149105,186126,430****
Other machinery and equipment53,87055,81356,73157,73258,83361,15367,43772,81071,37873,86277,013
of which:           
  Office machinery and hardware6,7367,7028,0219,43911,11912,27913,31614,35815,52516,85817,502
Cultivated assets2,1741,9071,8982,3022,6252,2682,2932,7772,4412,5472,419
Intangible fixed assets53,60158,43662,34662,82972,99077,16981,036****
of which:           
  Computer software4,5334,5445,0165,0385,6146,0476,6278,4489,49110,64212,445
  Research and development46,58451,36454,87355,23364,67068,46371,717****
 
Total677,294624,347615,154627,065664,052696,892759,9371,069,0881,179,9881,295,4741,386,648
* Suppressed for confidentiality reasons
Table 8 Gross Capital Stock held at end of year by asset type at constant market prices (base 2017)€ million
Asset Category20082009201020112012201320142015201620172018
Dwellings, excluding land297,007304,326308,395310,855312,305313,768315,540317,403320,084323,664328,702
Other buildings and structures201,623209,822215,162220,495226,854234,455242,581251,287261,006272,082284,086
of which:           
  Roads43,21845,60647,17348,22649,25949,76650,55551,32152,11752,72753,382
Transport equipment75,98682,73290,27395,416103,173109,371131,404****
Other machinery and equipment56,05756,97557,56259,32560,35463,13566,55969,88772,27273,86276,598
of which:           
  Office machinery and hardware7,9848,6619,33810,91912,02313,13014,04914,95116,00516,85818,190
Cultivated assets2,4092,3532,2872,3092,3842,3612,3582,4652,4982,5472,522
Intangible fixed assets58,95764,60069,85073,78380,36184,45890,651****
of which:           
  Computer software5,2705,5115,8105,7656,1706,5907,1398,5209,57310,64211,721
  Research and development51,24656,41261,23665,13471,15974,95080,707****
 
Total692,039720,808743,529762,183785,432807,547849,0931,145,8701,223,7661,295,4741,346,575
* Suppressed for confidentiality reasons
Table 9 Consumption of Fixed Capital by type of industry at current market prices€ million
Nace Rev 2 Section20082009201020112012201320142015201620172018
Agriculture, Forestry and FishingA869854800758756768818857860894951
Mining and QuarryingB418438424404418413382362329303275
ManufacturingC4,7804,7634,7514,5144,6754,8455,004****
Electricity, Gas, Steam and Air Conditioning SupplyD9138858718869309721,0341,0961,1421,2171,309
Water supply; sewerage, waste management and remediation activitiesE216208203207216228248271296320349
ConstructionF561520447377329294276269269288321
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG1,3841,1611,0661,0381,0551,0701,0971,2171,3561,4961,644
Transportation and StorageH1,6351,7321,7811,6411,5951,6581,6701,7571,9892,2502,454
Accommodation and Food Service ActivitiesI574450417394381376406439438463496
Information and CommunicationJ1,9872,1052,2832,4403,0493,4843,8244,6295,9298,27110,402
Financial and Insurance ActivitiesK8187858307957788101,0431,2771,3891,5671,737
Real Estate ActivitiesL5,3183,9793,6993,4723,5863,6983,9084,0854,3614,7105,012
of which:            
  Dwellings 4,9213,6923,4673,3743,4513,5323,7783,9734,2584,4464,643
Professional, Scientific and Technical ActivitiesM6406026147369051,0441,1851,5172,0132,3082,646
Administrative and Support Service ActivitiesN2,3462,4182,6132,9153,3503,7164,491****
Public Administration and Defence; Compulsory Social SecurityO1,4201,4001,3291,3051,3251,3391,3771,4481,5411,6271,730
of which:            
  Roads 8638778428548869129511,0031,0661,1291,204
EducationP9399269148799219309359711,0381,0841,124
Human Health and Social Work ActivitiesQ466442424433459486551628702767845
Arts, Entertainment and RecreationR343339327340343342368385393407442
Other Service ActivitiesS8886827469646569656361
 
Total 25,71424,09123,87523,61025,14226,53928,68356,33363,75673,07679,268
* Suppressed for confidentiality reasons
Table 10 Consumption of Fixed Capital by type of industry at constant market prices (base 2017)€ million
Nace Rev 2 Section20082009201020112012201320142015201620172018
Agriculture, Forestry and FishingA878913886865859867877881891894908
Mining and QuarryingB464515533509516500440397346303260
ManufacturingC5,0425,1535,2445,1785,1445,3625,514****
Electricity, Gas, Steam and Air Conditioning SupplyD1,0121,0421,0821,1041,1301,1561,1771,1871,2011,2171,238
Water supply; sewerage, waste management and remediation activitiesE235250263270274283294304314320326
ConstructionF568523459397345308282270275288307
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG1,2911,1631,0961,1681,2211,2301,1991,2831,4081,4961,599
Transportation and StorageH1,6691,8121,9251,8201,7451,7921,7821,8272,0332,2502,417
Accommodation and Food Service ActivitiesI502465452445433428449464458463469
Information and CommunicationJ2,1942,3442,5782,8913,4143,8624,2895,0586,1588,27110,084
Financial and Insurance ActivitiesK8148589269168899301,1711,3721,4451,5671,657
Real Estate ActivitiesL4,6984,5224,4134,2824,3124,3894,4704,4754,5694,7104,884
of which:            
  Dwellings 4,3344,1874,1164,1974,3104,3494,4184,4184,5144,4464,494
Professional, Scientific and Technical ActivitiesM6596386668489951,1681,3321,6392,0772,3082,564
Administrative and Support Service ActivitiesN2,4352,4942,7533,1413,5873,9174,699****
Public Administration and Defence; Compulsory Social SecurityO1,5891,6371,6231,6621,6411,6241,6101,6111,6251,6271,628
of which:            
  Roads 9951,0491,0601,1281,1371,1371,1331,1321,1321,1291,124
EducationP9991,0481,0721,0711,0661,0651,0691,0721,0831,0841,077
Human Health and Social Work ActivitiesQ511517516532542565612659718767812
Arts, Entertainment and RecreationR294317325335336336348364384407422
Other Service ActivitiesS8585827873686870676360
 
Total 25,93826,29726,89627,51228,52329,84931,68059,76865,72373,07677,281
* Suppressed for confidentiality reasons
Table 11 Consumption of Fixed Capital by asset type at current market prices€ million
Asset Category20082009201020112012201320142015201620172018
Dwellings, excluding land4,9213,6923,4673,3743,4513,5323,7783,9734,2584,4464,643
Other buildings and structures5,7754,8154,4644,3424,5294,8225,2725,6646,1846,8097,635
of which:           
  Roads8638778428548869129511,0031,0661,1291,204
Transport equipment5,4115,5275,5635,4935,6415,9166,614****
Other machinery and equipment3,3493,4953,4543,4843,6563,7754,1634,5354,5844,7984,957
of which:           
  Office machinery and hardware7979199461,0991,3561,4711,5651,6471,7581,9181,976
Cultivated assets00000000000
Intangible fixed assets6,2596,5626,9276,9167,8658,4948,856****
of which:           
  Computer software8558509339361,0091,1411,2691,6291,9082,0692,360
  Research and development4,9325,2265,5255,5096,3656,8667,114****
 
Total25,71424,09123,87523,61025,14226,53928,68356,33363,75673,07679,268
* Suppressed for confidentiality reasons
Table 12 Consumption of Fixed Capital by asset type at constant market prices (base 2017)€ million
Asset Category20082009201020112012201320142015201620172018
Dwellings, excluding land4,3344,1874,1164,1974,3104,3494,4184,4184,5144,4464,494
Other buildings and structures5,6215,5955,6465,7455,8676,1546,3826,4386,5896,8097,109
of which:           
  Roads9951,0491,0601,1281,1371,1371,1331,1321,1321,1291,124
Transport equipment5,5855,6385,7905,8245,9086,1356,854****
Other machinery and equipment3,5143,5873,5583,6483,7793,9164,1634,4234,6544,7984,994
of which:           
  Office machinery and hardware9381,0271,0971,2661,4571,5661,6461,7121,8141,9182,066
Cultivated assets00000000000
Intangible fixed assets6,8847,2907,7868,0978,6589,2959,864****
of which:           
  Computer software9941,0311,0801,0711,1091,2431,3671,6431,9252,0692,223
  Research and development5,4275,7426,1646,4947,0017,5158,006****
 
Total25,93826,29726,89627,51228,52329,84931,68059,76865,72373,07677,281
* Suppressed for confidentiality reasons
Table 13 Net Capital Stock held at end of year by type of industry & asset at current market prices, 2018 € million
Nace Rev 2 SectionDwellings, excluding land Other buildings & structures Transport equipment Other machinery & equipment of which: Office machinery & hardware Cultivated assets Intangible fixed assets of which: Total Fixed Assets
Computer software Research and Development
Agriculture, Forestry and FishingA0 5,332 532 2,554 8 2,407 14 6 9 10,840
Mining and QuarryingB0 525 33 723 3 0 313 6 8 1,593
ManufacturingC0 16,157 * 15,310 464 0 * 722 * *
Electricity, Gas, Steam and Air Conditioning SupplyD0 12,986 105 2,819 287 0 339 308 30 16,248
Water supply; sewerage, waste management and remediation activitiesE0 11,445 23 97 7 0 19 4 15 11,584
ConstructionF0 1,996 327 915 29 0 39 30 9 3,277
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG0 8,304 1,369 1,758 1,075 0 1,611 560 1,051 13,042
Transportation and StorageH0 10,536 12,789 857 640 0 208 203 4 24,389
Accommodation and Food Service ActivitiesI0 3,351 66 1,143 36 0 24 19 4 4,583
Information and CommunicationJ0 9,187 220 4,113 3,586 0 51,923 571 51,352 65,443
Financial and Insurance ActivitiesK0 12,610 848 876 600 0 1,980 1,151 829 16,314
Real Estate ActivitiesL255,712 19,854 35 119 66 0 84 80 4 275,804
of which:                    
  Dwellings 255,712 0 0 0 0 0 0 0 0 255,712
Professional, Scientific and Technical ActivitiesM0 2,546 484 264 294 0 10,487 757 9,730 13,780
Administrative and Support Service ActivitiesN0 945 * 1,282 268 0 * 88 * *
Public Administration and Defence; Compulsory Social SecurityO0 52,255 394 406 94 0 520 95 425 53,575
of which:                    
  Roads 0 35,463 0 0 0 0 0 0 0 35,463
EducationP0 9,086 29 314 97 0 2,861 114 2,747 12,291
Human Health and Social Work ActivitiesQ0 6,785 334 2,841 191 0 259 100 159 10,219
Arts, Entertainment and RecreationR0 2,012 19 455 62 0 475 64 27 2,960
Other Service ActivitiesS0 187 44 196 12 0 12 6 5 439
 
Total 255,712 186,099 * 37,041 7,818 2,407 * 4,886 * 881,715
* Suppressed for confidentiality reasons
Table 14 Gross Capital Stock held at end of year by type of industry & asset at current market prices, 2018 € million
Nace Rev 2 SectionDwellings, excluding land Other buildings & structures Transport equipment Other machinery & equipment of which: Office machinery & hardware Cultivated assets Intangible fixed assets of which: Total Fixed Assets
Computer software Research and Development
Agriculture, Forestry and FishingA0 11,139 1,346 5,347 17 2,419 45 15 30 20,295
Mining and QuarryingB0 1,423 68 1,673 10 0 1,168 15 17 4,332
ManufacturingC0 31,082 * 29,149 843 0 * 1,919 * *
Electricity, Gas, Steam and Air Conditioning SupplyD0 25,783 282 5,684 639 0 772 703 69 32,521
Water supply; sewerage, waste management and remediation activitiesE0 17,839 48 236 12 0 53 10 44 18,176
ConstructionF0 2,838 860 2,533 58 0 93 75 18 6,325
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG0 13,233 3,128 4,218 2,448 0 3,171 1,281 1,891 23,751
Transportation and StorageH0 18,468 25,019 1,891 1,112 0 542 532 9 45,919
Accommodation and Food Service ActivitiesI0 7,629 162 2,676 110 0 60 50 10 10,527
Information and CommunicationJ0 15,958 478 9,370 8,273 0 82,321 1,516 80,805 108,128
Financial and Insurance ActivitiesK0 18,131 1,836 1,991 1,341 0 5,296 2,849 2,447 27,254
Real Estate ActivitiesL334,488 24,966 80 291 177 0 201 193 9 360,027
of which:                    
  Dwellings 334,488 0 0 0 0 0 0 0 0 334,488
Professional, Scientific and Technical ActivitiesM0 4,205 966 1,050 667 0 20,038 2,073 17,965 26,259
Administrative and Support Service ActivitiesN0 1,489 * 2,433 787 0 * 278 * *
Public Administration and Defence; Compulsory Social SecurityO0 77,422 868 1,014 241 0 1,302 264 1,038 80,606
of which:                    
  Roads 0 57,189 0 0 0 0 0 0 0 57,189
EducationP0 17,054 66 730 217 0 6,982 288 6,695 24,833
Human Health and Social Work ActivitiesQ0 11,512 747 5,225 380 0 618 218 400 18,102
Arts, Entertainment and RecreationR0 3,800 46 1,001 133 0 1,197 137 74 6,044
Other Service ActivitiesS0 396 112 499 37 0 47 29 18 1,054
 
Total 334,488 304,366 * 77,013 17,502 2,419 * 12,445 * 1,386,648
* Suppressed for confidentiality reasons
Table 15 Consumption of Fixed Capital by type of industry & asset at current market prices, 2018 € million
Nace Rev 2 SectionDwellings, excluding land Other buildings & structures Transport equipment Other machinery & equipment of which: Office machinery & hardware Cultivated assets Intangible fixed assets of which: Total Fixed Assets
Computer software Research and Development
Agriculture, Forestry and FishingA0 475 114 357 2 0 5 3 2 951
Mining and QuarryingB0 20 7 61 1 0 188 3 2 275
ManufacturingC0 784 * 1,322 108 0 * 359 * *
Electricity, Gas, Steam and Air Conditioning SupplyD0 902 24 241 77 0 142 136 6 1,309
Water supply; sewerage, waste management and remediation activitiesE0 331 5 7 1 0 5 2 4 349
ConstructionF0 125 77 102 7 0 16 14 2 321
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG0 432 307 394 285 0 512 249 263 1,644
Transportation and StorageH0 407 1,794 159 123 0 95 94 1 2,454
Accommodation and Food Service ActivitiesI0 297 15 174 15 0 10 9 1 496
Information and CommunicationJ0 564 48 960 883 0 8,829 293 8,536 10,402
Financial and Insurance ActivitiesK0 553 187 212 173 0 786 575 211 1,737
Real Estate ActivitiesL4,643 292 9 27 19 0 42 41 1 5,012
of which:                    
  Dwellings 4,643 0 0 0 0 0 0 0 0 4,643
Professional, Scientific and Technical ActivitiesM0 126 115 83 82 0 2,323 358 1,965 2,646
Administrative and Support Service ActivitiesN0 83 * 213 78 0 * 45 * *
Public Administration and Defence; Compulsory Social SecurityO0 1,424 88 71 27 0 146 49 97 1,730
of which:                    
  Roads 0 1,204 0 0 0 0 0 0 0 1,204
EducationP0 384 7 58 27 0 675 56 619 1,124
Human Health and Social Work ActivitiesQ0 281 74 411 45 0 79 43 36 845
Arts, Entertainment and RecreationR0 141 4 75 18 0 222 29 7 442
Other Service ActivitiesS0 15 10 31 4 0 5 4 1 61
 
Total 4,643 7,635 * 4,957 1,976 0 * 2,360 * 79,268
* Suppressed for confidentiality reasons

Background Notes

Introduction 

This release belongs to the annual series providing estimates of the values of the stocks of fixed assets according to the European System of Accounts 2010 (ESA 2010) methodology. The capital stocks are estimated using a Perpetual Inventory Method.  In this system the level of stocks are derived from the investment amounts which were made over the preceding years. The annual investments are depreciated by a depreciation function to obtain “net” values (i.e. net of depreciation).  The investments are also revalued in the process to update them from their prices in the historical year in which they were purchased to the year for which estimates are being made.

Fixed assets

The assets covered in these tables relate to Produced Fixed Assets as defined in ESA2010.  Produced fixed assets are assets which result from human effort.  They exclude natural assets such as land, mineral deposits etc. Produced fixed assets comprise:

  • Dwellings and other buildings and structures (excluding the land on which they are built)
  • Machinery and equipment (including transport equipment)
  • Cultivated assets (e.g. Livestock for breeding such as dairy cattle etc.)
  • Intangible fixed assets (Research and development, Computer software, Original works of art including musical and literary works, Mineral exploration).

Revisions

Revisions arise as amendments are made to the investment amounts i.e. to Gross Fixed Capital Formation (GFCF) in the national accounts.  Revisions also arise from improved sources or estimation methods.  Data relating to the most recent year are also added to the series.  

Gross/Net 

The two most common valuation methods for fixed capital assets are Gross and Net.  The gross capital stock represents the value of the stock still in use (i.e. not retired or scrapped) and valued at the price of new capital goods. The term Gross means gross of consumption of fixed capital (the national accounts term for depreciation).  Thus the gross stock of assets ignores decay of assets and considers past investments as new – only retirement is taken into account.  In practice fixed assets normally decline in value over time due to factors such as wear and tear and obsolescence.  Taking this declining value into account together with retirements give rise to the Net value of the stock of assets. Estimates are provided in this release using both valuation concepts.

Prices

The stock of assets is generally valued in current and constant prices. Valuation in current prices implies that all the assets accumulated over the years are valued at the prices obtaining in the year for which the estimates are given.  In the case of the gross stock this is the price of new assets.  In the case of the net stock it is the written down price of assets.  Valuation at constant prices represents the stock of capital assets in the price of the stated reference year (2017 in these tables).

Catastrophic losses

Catastrophic losses arise, generally infrequently, due to exceptional events such as acts of war or unusually severe weather conditions.  Some of the severest weather conditions ever experienced in Ireland in living memory occurred towards the end of 2009 and early in 2010.  Considerable flooding took place in 2009 and estimates have been made by which the stock of assets were reduced in 2009 and 2010 to take account of these disasters.

Depreciation

Consumption of Fixed capital (also known as depreciation) automatically becomes available as a by-product of the calculation of the stock of fixed assets in net and gross terms.  Estimates of the consumption of fixed capital are provided in the release in current and constant terms. 

Methodology

Further information is available in the Estimates of the Capital Stock of Fixed Assets Methodology (PDF 119KB) . 

Additional Data

All tables are available from the year 1985 in the CSO databank.

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