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Output and Value Added by Activity 2019

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

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

Table 7.1 CFC by NACE A21 sector, 1995-2019

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

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.

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Table 7.1 CFC by NACE A21 sector, 1995-2019
							€million
NACE Level 1 codes (21 of which 20 used in National Accounts)		1995	2000	2005	2010	2015	2019
A	Agriculture, Forestry and Fishing	620	776	763	801	858	1,013
B	Mining and Quarrying	74	262	336	424	362	248
C	Manufacturing	1,354	2,359	3,830	4,751	29,289	40,415
D	Electricity, Gas, Steam and Air Conditioning Supply	206	369	733	871	1,098	1,391
E	Water Supply; Sewerage, Waste Management and Remediation Activities	68	123	201	203	271	380
F	Construction	205	342	445	447	269	359
G	Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles	324	741	1,367	1,066	1,218	2,833
H	Transportation and Storage	373	716	1,234	1,781	1,759	2,549
I	Accommodation and Food Service Activities	127	425	617	417	438	608
J	Information and Communication	425	781	1,498	2,283	4,628	13,507
K	Financial and Insurance Activities	265	531	738	830	1,284	1,877
L	Real Estate Activities	1,060	2,613	5,885	3,699	4,085	5,507
M	Professional, Scientific and Technical Activities	119	287	472	614	1,520	3,374
N	Administrative and Support Service Activities	198	419	1,726	2,613	5,806	9,271
O	Public Administration and Defence; Compulsory Social Security	399	717	1,200	1,329	1,450	1,856
P	Education	211	420	740	914	974	1,190
Q	Human Health and Social Work Activities	154	272	436	424	629	949
R	Arts, Entertainment and Recreation	116	199	280	327	386	469
S	Other Service Activities	30	59	79	82	69	60
T	Activities of Households as Employers; Activities of Households for Own Use	0	0	0	0	0	0
U	Activities of Extraterritorial Organisations and Bodies (not included)
	Total	6,327	12,410	22,580	23,876	56,392	87,854

Output and Value Added by Activity 2019

Consumption of Fixed Capital (CFC)

Consumption of Fixed Capital (CFC)

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Table 7.2 CFC by NACE A21 sector by rank, 1995-2019 (1 = biggest sector by value, 20 = smallest sector by value)
							Rank
NACE Level 1 codes (21 of which 20 used in National Accounts)		1995	2000	2005	2010	2015	2019
A	Agriculture, Forestry and Fishing	3	4	8	11	12	12
B	Mining and Quarrying	17	16	16	15	16	18
C	Manufacturing	1	2	2	1	1	1
D	Electricity, Gas, Steam and Air Conditioning Supply	10	12	11	9	10	10
E	Water Supply; Sewerage, Waste Management and Remediation Activities	18	18	18	18	17	16
F	Construction	11	13	14	13	18	17
G	Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles	7	5	5	7	9	6
H	Transportation and Storage	6	7	6	5	5	7
I	Accommodation and Food Service Activities	14	9	12	16	14	14
J	Information and Communication	4	3	4	4	3	2
K	Financial and Insurance Activities	8	8	10	10	8	8
L	Real Estate Activities	2	1	1	2	4	4
M	Professional, Scientific and Technical Activities	15	14	13	12	6	5
N	Administrative and Support Service Activities	12	11	3	3	2	3
O	Public Administration and Defence; Compulsory Social Security	5	6	7	6	7	9
P	Education	9	10	9	8	11	11
Q	Human Health and Social Work Activities	13	15	15	14	13	13
R	Arts, Entertainment and Recreation	16	17	17	17	15	15
S	Other Service Activities	19	19	19	19	19	19
T	Activities of Households as Employers; Activities of Households for Own Use	20	20	20	20	20	20
U	Activities of Extraterritorial Organisations and Bodies (not included)