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For more information on this release:
E-mail: capform@cso.ie Oisín Mangan 01 4984089 John Sheridan 01 4984258
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 Visit StatCentral.ie, the portal to Ireland's official statistics On-line ISSN
CSO statistical release, , 11am

Estimates of the Capital Stock of Fixed Assets

2017

Net capital stock of fixed assets   € billion
End of year201220132014201520162017
Current Prices433.9451.5495.1756.8814.0838.6
Constant 2016 Prices495.8504.4531.7780.9814.0810.6

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 2017. Allowing for depreciation, the net stock of these assets increased by 3.0% between 2016 and 2017.

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 2017.

There have been downward revisions to the capital stock of dwellings due to a revised series of new dwellings completions. For more information see the press release for the new dwellings completions release.

 

X-axis labelOther AssetsOther Machinery and EquipmentResearch and DevelopmentTransport equipmentOther buildings and structuresDwellings
20127273058109203
20136283262115208
20145323480125219
20153603500136226
20163933400151236
20173883500168248

* For 2015, 2016 and 2017 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 €385bn at the end of 2017, a decrease of €7bn on the 2016 level. These categories now make up 46% of the net stock of assets, compared with 24% in 2014 – see Table 3.

All sectors except for Mining and Quarrying, and Manufacturing recorded an increase in the current value of their fixed assets. Some sectors showing notable increases include: Wholesale and Retail Trade +€1.5bn; Transportation and Storage +€2.4bn; Information and Communication +€4.6bn; Financial and Insurance Activities +€2.9bn; Real Estate Activities +€18.0bn – see Table 1.

X-axis labelOther AssetsOther Machinery and EquipmentResearch and DevelopmentTransport equipmentOther buildings and structuresDwellings
2012146653
2013147654
2014247754
20154150064
20164950064
20175650074

* For 2015, 2016 and 2017 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 €64 billion in 2016 to €72 billion in 2017. 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 €16bn. In 2017 the value for those same categories was €56bn - 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 Section20072008200920102011201220132014201520162017
Agriculture, Forestry and FishingA8,60910,0329,1548,6068,8079,1858,9599,35110,1589,87810,204
Mining and QuarryingB2,1562,2622,2202,0271,9311,9641,8141,7751,7351,6501,641
ManufacturingC36,64936,63435,28734,36233,05034,59736,26838,949***
Electricity, Gas, Steam and Air Conditioning SupplyD12,05712,12611,82111,56711,51311,86512,39413,05613,73014,19414,919
Water supply; sewerage, waste management and remediation activitiesE7,7027,3347,0576,7116,8467,1437,6748,3489,0459,82610,636
ConstructionF4,0793,8983,4752,9632,5092,2842,1222,1362,2722,5483,065
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG9,7379,7378,7068,2248,2608,5018,9899,52110,93611,77713,320
Transportation and StorageH15,97316,73617,35817,20615,69616,56917,06817,29918,35121,54123,980
Accommodation and Food Service ActivitiesI4,9874,9034,2393,9633,8373,7173,7193,8794,0214,0334,150
Information and CommunicationJ11,72112,47912,90913,54114,57018,04419,28521,59526,77533,40837,988
Financial and Insurance ActivitiesK6,9566,8576,5416,1976,1766,4857,1389,16710,21712,29115,192
Real Estate ActivitiesL292,790255,388213,203202,684203,107207,843213,473225,390234,760248,051266,023
of which:            
  Dwellings 284,843247,798207,253198,019198,865202,819207,850218,641225,964235,583248,269
Professional, Scientific and Technical ActivitiesM3,9684,0023,6093,8064,6745,2536,2056,8208,34110,41211,096
Administrative and Support Service ActivitiesN29,54428,72232,21536,13640,24045,68649,75268,039***
Public Administration and Defence; Compulsory Social SecurityO39,47338,83237,46335,36935,60337,00538,10640,11742,77846,15249,816
of which:            
  Roads 26,63226,43826,55325,11625,31726,24826,78928,05729,58431,44433,217
EducationP10,47710,2889,3758,9608,9089,2689,4699,80910,32911,05211,658
Human Health and Social Work ActivitiesQ6,2286,0085,5105,3275,6135,8806,4417,0797,8898,6299,325
Arts, Entertainment and RecreationR2,0492,2242,1772,1052,1372,1482,1812,3542,4972,6702,756
Other Service ActivitiesS634624586551504465440447459454454
 
Total 505,789469,085422,905410,306413,980433,902451,500495,129756,806814,004838,565
* Suppressed for confidentiality reasons
Table 2 Net Capital Stock held at end of year by type of industry at constant market prices (base 2016)€ million
Nace Rev 2 Section20072008200920102011201220132014201520162017
Agriculture, Forestry and FishingA9,13210,27710,0649,7619,6599,6789,6849,7129,8409,8789,853
Mining and QuarryingB2,2432,3692,4292,3082,1902,2122,0141,8761,7551,6501,584
ManufacturingC36,72037,20638,05538,07537,19637,70139,20641,075***
Electricity, Gas, Steam and Air Conditioning SupplyD12,12512,59513,11913,60013,60613,75814,06314,11914,14314,19414,190
Water supply; sewerage, waste management and remediation activitiesE7,1337,5348,0358,2908,4738,5998,9869,3389,6029,82610,017
ConstructionF3,9513,8473,4783,0422,6352,4002,2262,1662,2542,5482,954
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG8,9879,4799,3829,3199,4799,5679,95810,23711,32211,77712,809
Transportation and StorageH15,32216,61818,46319,24817,91518,48618,67718,49918,96621,54123,226
Accommodation and Food Service ActivitiesI4,3554,6044,5334,4634,3734,1954,1294,1274,0984,0333,991
Information and CommunicationJ12,61413,31414,06715,33716,94119,84920,94723,40728,21333,40836,522
Financial and Insurance ActivitiesK6,2856,6527,2297,2107,2647,4548,05510,01910,71712,29114,475
Real Estate ActivitiesL229,094239,338243,741244,249243,643243,302242,864243,195244,572248,051253,596
of which:            
  Dwellings 222,324232,194236,969238,492238,411237,280236,295235,651235,234235,583236,871
Professional, Scientific and Technical ActivitiesM3,8673,9773,8074,1565,3205,7126,6987,3798,74710,41210,687
Administrative and Support Service ActivitiesN30,65229,36632,76237,59542,67447,78551,36570,106***
Public Administration and Defence; Compulsory Social SecurityO37,75340,68042,68043,68044,06444,49444,57144,87445,39946,15246,942
of which:            
  Roads 26,58028,68030,32131,17431,45431,69931,44431,45231,43531,44431,265
EducationP9,49610,10310,48810,66810,78210,77110,77210,86610,94711,05211,058
Human Health and Social Work ActivitiesQ5,6796,0126,2736,4726,8336,9127,3817,7378,1588,6298,887
Arts, Entertainment and RecreationR1,7682,0542,3062,3772,4102,3862,3862,4672,5322,6702,685
Other Service ActivitiesS583590579559527490463457455454445
 
Total 437,761456,614471,487480,408485,983495,751504,444531,657780,855814,004810,598
* Suppressed for confidentiality reasons
Table 3 Net Capital Stock held at end of year by asset type at current market prices€ million
Asset Category20072008200920102011201220132014201520162017
Dwellings, excluding land284,843247,798207,253198,019198,865202,819207,850218,641225,964235,583248,269
Other buildings and structures123,981121,229110,089102,795104,106109,259115,477124,554135,740150,605168,460
of which:           
  Roads26,63226,43826,55325,11625,31726,24826,78928,05729,58431,44433,217
Transport equipment45,55245,19849,04552,12553,16558,41562,27980,247***
Other machinery and equipment26,70327,42327,47026,98527,12327,03728,46232,06935,14534,18534,677
of which:           
  Office machinery and hardware3,1943,2543,6743,7544,6595,3665,7986,0866,4156,7397,238
Cultivated assets1,8652,1581,8841,8802,2872,6082,2502,2742,7582,4222,518
Intangible fixed assets22,84525,28027,16428,50228,43433,76435,18137,346***
of which:           
  Computer software1,6371,7391,7271,9132,0712,3562,5322,7483,6843,7734,346
  Research and development20,29522,54824,42325,65525,42430,40131,72433,676***
 
Total505,789469,085422,905410,306413,980433,902451,500495,129756,806814,004838,565
* Suppressed for confidentiality reasons
Table 4 Net Capital Stock held at end of year by asset type at constant market prices (base 2016)€ million
Asset Category20072008200920102011201220132014201520162017
Dwellings, excluding land222,324232,194236,969238,492238,411237,280236,295235,651235,234235,583236,871
Other buildings and structures112,931120,883125,714127,592129,345131,950135,540139,629144,342150,605158,561
of which:           
  Roads26,58028,68030,32131,17431,45431,69931,44431,45231,43531,44431,265
Transport equipment47,10946,19449,70053,98656,03360,78864,03682,464***
Other machinery and equipment27,14828,12627,64726,98327,50227,34528,95831,16733,23134,18534,435
of which:           
  Office machinery and hardware3,3453,7344,0054,2385,2265,6306,0166,2366,4826,7397,137
Cultivated assets2,3402,3382,2842,2202,2412,3142,2902,2862,3902,4222,464
Intangible fixed assets25,91026,87929,17331,13632,45036,07337,32540,458***
of which:           
  Computer software1,9292,0052,0772,1972,3492,5682,7362,9353,6843,7734,309
  Research and development23,11823,91226,03027,88429,06132,39433,59336,581***
 
Total437,761456,614471,487480,408485,983495,751504,444531,657780,855814,004810,598
* 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 Section20072008200920102011201220132014201520162017
Agriculture, Forestry and FishingA16,43717,90916,73715,99416,14016,65016,56517,38118,56018,36719,083
Mining and QuarryingB4,6464,7934,7394,5534,5554,6974,6084,6564,6524,4834,419
ManufacturingC71,49873,37072,30972,46171,92875,97478,91583,076***
Electricity, Gas, Steam and Air Conditioning SupplyD19,54120,01019,82619,70820,17421,29722,61724,38126,22327,62929,583
Water supply; sewerage, waste management and remediation activitiesE11,03210,54810,1589,77010,09110,67811,51712,60013,76815,09216,506
ConstructionF7,3917,4097,1886,6866,1375,8715,5985,5675,5905,6036,063
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG17,70717,63616,36415,87716,05016,65517,38218,21620,08021,47023,809
Transportation and StorageH27,71429,07830,06530,49429,65831,51832,91033,96535,97040,27044,260
Accommodation and Food Service ActivitiesI9,7069,5108,4498,1458,1178,1808,3478,7989,2279,3979,765
Information and CommunicationJ23,46725,37326,55527,76129,38835,01338,11042,27650,43061,59171,263
Financial and Insurance ActivitiesK12,62012,40211,81511,60411,83612,52313,47716,05317,90620,86724,850
Real Estate ActivitiesL358,765312,661262,084251,141253,751261,994271,460288,874302,924321,586345,864
of which:            
  Dwellings 348,819303,061254,246244,542247,528254,723263,350279,314290,934305,383323,568
Professional, Scientific and Technical ActivitiesM7,3667,6197,3747,7898,94410,16311,71412,94915,47619,11121,511
Administrative and Support Service ActivitiesN39,08940,28045,76351,49457,69366,17973,59295,748***
Public Administration and Defence; Compulsory Social SecurityO54,79153,78152,29649,81250,65753,19755,36558,77363,12668,46774,323
of which:            
  Roads 38,09037,49737,59135,77236,53538,39139,90942,44745,46049,05552,713
EducationP19,42619,06317,60517,14117,25418,29818,91119,62920,72422,20623,521
Human Health and Social Work ActivitiesQ11,01010,6409,8949,66210,10410,71011,53212,59013,93015,13516,487
Arts, Entertainment and RecreationR3,7513,9653,8943,8523,9954,1224,2634,6244,9345,2355,499
Other Service ActivitiesS1,2211,2321,2101,1931,1451,1111,0821,1001,1181,0831,076
 
Total 717,180677,277624,324615,136627,617664,831697,966761,2551,070,7171,182,2821,271,386
* Suppressed for confidentiality reasons
Table 6 Gross Capital Stock held at end of year by type of industry at constant market prices (base 2016)€ million
Nace Rev 2 Section20072008200920102011201220132014201520162017
Agriculture, Forestry and FishingA16,99218,19218,08517,87417,84317,92317,99118,08018,26718,36718,398
Mining and QuarryingB4,8275,0205,2155,2455,2355,3325,1514,9564,7354,4834,250
ManufacturingC71,64174,52877,68879,84580,70582,50585,10487,808***
Electricity, Gas, Steam and Air Conditioning SupplyD19,71520,83122,01623,17623,86324,69125,67126,37927,01327,62928,145
Water supply; sewerage, waste management and remediation activitiesE10,22210,83311,55712,04612,46812,83613,47014,07714,60215,09215,551
ConstructionF7,2367,3507,1396,7856,3826,0795,7795,5545,4655,6035,901
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG16,33117,15817,34317,53318,00618,37118,95019,35620,65721,47022,982
Transportation and StorageH26,48028,81031,78033,72633,36334,73435,64236,03937,00740,27042,929
Accommodation and Food Service ActivitiesI8,4108,8759,0069,1409,2329,2049,2569,3619,4149,3979,380
Information and CommunicationJ25,22027,00628,82331,19934,00838,44041,31145,76653,06761,59168,552
Financial and Insurance ActivitiesK11,48312,09312,98513,33813,73214,19115,03317,41618,67920,86723,771
Real Estate ActivitiesL279,992292,440299,349302,458304,349306,639308,826311,746315,596321,586329,731
of which:            
  Dwellings 271,572283,427290,459294,350296,690298,028299,495301,142302,909305,383308,674
Professional, Scientific and Technical ActivitiesM7,1037,5597,7218,40310,02810,95512,56513,91316,17019,11120,766
Administrative and Support Service ActivitiesN40,57541,20846,55053,55461,15669,18075,95398,640***
Public Administration and Defence; Compulsory Social SecurityO52,93256,65059,47261,26562,48463,71464,56465,62366,91468,46770,083
of which:            
  Roads 38,01540,67842,92744,40145,39346,36446,84247,58548,30549,05549,616
EducationP17,72518,78419,63820,26520,77621,10221,37821,69421,95022,20622,343
Human Health and Social Work ActivitiesQ10,19210,76111,25111,65812,21812,48413,13813,70514,36815,13515,728
Arts, Entertainment and RecreationR3,2303,6384,0284,2284,3854,4754,5834,7784,9635,2355,397
Other Service ActivitiesS1,1261,1661,1861,1921,1781,1511,1251,1111,0991,0831,056
 
Total 631,431662,902690,832712,928731,411754,005775,488816,0001,104,6881,182,2821,228,719
* Suppressed for confidentiality reasons
Table 7 Gross Capital Stock held at end of year by asset type at current market prices€ million
Asset Category20072008200920102011201220132014201520162017
Dwellings, excluding land348,819303,061254,246244,542247,528254,723263,350279,314290,934305,383323,568
Other buildings and structures197,535191,071173,115163,277167,042176,782187,888203,588222,411246,543274,575
of which:           
  Roads38,09037,49737,59135,77236,53538,39139,90942,44745,46049,05552,713
Transport equipment70,48673,51680,83086,36189,65298,169105,260126,622***
Other machinery and equipment52,02253,87055,81356,73157,73258,83361,15367,43772,71870,98672,865
of which:           
  Office machinery and hardware6,6786,7367,7028,0219,43911,11912,27913,31614,35815,34816,520
Cultivated assets1,8652,1581,8841,8802,2872,6082,2502,2742,7582,4222,518
Intangible fixed assets46,45453,60058,43562,34563,37773,71778,06682,020***
of which:           
  Computer software4,2424,5334,5445,0165,3796,0126,4797,0388,7489,43310,714
  Research and development39,84446,58351,36354,87255,43964,99868,92772,290***
 
Total717,180677,277624,324615,136627,617664,831697,966761,2551,070,7171,182,2821,271,386
* Suppressed for confidentiality reasons
Table 8 Gross Capital Stock held at end of year by asset type at constant market prices (base 2016)€ million
Asset Category20072008200920102011201220132014201520162017
Dwellings, excluding land271,572283,427290,459294,350296,690298,028299,495301,142302,909305,383308,674
Other buildings and structures179,177189,699197,463202,496207,535213,525220,570228,268236,516246,543258,427
of which:           
  Roads38,01540,67842,92744,40145,39346,36446,84247,58548,30549,05549,616
Transport equipment72,79475,11981,76589,19494,258101,920108,075129,915***
Other machinery and equipment52,92655,30356,19156,75258,45559,44762,16665,53468,81770,98672,358
of which:           
  Office machinery and hardware7,0197,7428,4009,05810,59311,66512,74013,63214,50915,34816,280
Cultivated assets2,3402,3382,2842,2202,2412,3142,2902,2862,3902,4222,464
Intangible fixed assets52,62257,01662,67167,91672,23278,77282,89188,855***
of which:           
  Computer software4,9995,2255,4645,7606,1026,5517,0007,5188,7479,43310,622
  Research and development45,37349,38154,57059,39563,28669,23973,01378,561***
 
Total631,431662,902690,832712,928731,411754,005775,488816,0001,104,6881,182,2821,228,719
* Suppressed for confidentiality reasons
Table 9 Consumption of Fixed Capital by type of industry at current market prices€ million
Nace Rev 2 Section20072008200920102011201220132014201520162017
Agriculture, Forestry and FishingA826869854800758756768818856857883
Mining and QuarryingB390418438424405418413382361329302
ManufacturingC4,5714,7804,7634,7514,5444,7104,8745,025***
Electricity, Gas, Steam and Air Conditioning SupplyD9029138858718899359741,0341,0921,1351,199
Water supply; sewerage, waste management and remediation activitiesE223216208203207216228248271296321
ConstructionF554561520447377331295278272275305
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG1,6491,3841,1611,0661,0531,0911,1211,1601,2991,4911,692
Transportation and StorageH1,5241,6351,7321,7811,6431,6001,6611,6731,7572,0562,451
Accommodation and Food Service ActivitiesI629574450417394381376406439443456
Information and CommunicationJ1,8101,9872,1052,2832,4493,0633,4923,8254,6285,9417,045
Financial and Insurance ActivitiesK8838187858308108018241,0511,2801,3941,587
Real Estate ActivitiesL6,8855,3183,9793,6993,4733,5873,7003,9104,0874,3714,761
of which:            
  Dwellings 6,3764,9213,6923,4673,3763,4503,5883,8264,0224,2514,469
Professional, Scientific and Technical ActivitiesM6466406026147419151,0521,1841,5051,9982,256
Administrative and Support Service ActivitiesN2,3312,3462,4182,6132,9163,3523,7194,493***
Public Administration and Defence; Compulsory Social SecurityO1,4301,4201,4001,3291,3091,3371,3541,3951,4701,5621,654
of which:            
  Roads 8748638778428548869129511,0031,0661,129
EducationP9029399269148869379509589981,0641,113
Human Health and Social Work ActivitiesQ473466442424437467497564644711784
Arts, Entertainment and RecreationR345343339327341344342368385393403
Other Service ActivitiesS9088868275706566696866
 
Total 27,06425,71424,09123,87523,70725,31126,70828,83956,49963,88171,957
* Suppressed for confidentiality reasons
Table 10 Consumption of Fixed Capital by type of industry at constant market prices (base 2016)€ million
Nace Rev 2 Section20072008200920102011201220132014201520162017
Agriculture, Forestry and FishingA788848883857834827833844850857854
Mining and QuarryingB404441490506483490474418376329287
ManufacturingC4,7404,8705,0055,1345,0855,0485,2225,353***
Electricity, Gas, Steam and Air Conditioning SupplyD9239579861,0241,0491,0761,0991,1161,1241,1351,146
Water supply; sewerage, waste management and remediation activitiesE207221236248254259266277287296303
ConstructionF550561517453393341304278267275298
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG1,3261,2411,1411,0781,1401,1941,2201,2201,3251,4911,645
Transportation and StorageH1,4861,6341,7751,8831,7831,7081,7521,7421,7862,0562,405
Accommodation and Food Service ActivitiesI485475448436429417411428443443438
Information and CommunicationJ1,9782,1182,2632,4842,7943,3033,7304,1274,8665,9416,788
Financial and Insurance ActivitiesK7847878359019028799041,1301,3231,3941,538
Real Estate ActivitiesL4,6484,4004,2864,2084,1104,1374,1924,2534,2704,3714,542
of which:            
  Dwellings 4,2914,0613,9693,9273,9874,0614,1844,2214,2284,2514,224
Professional, Scientific and Technical ActivitiesM6186406226488259741,1281,2791,5721,9982,186
Administrative and Support Service ActivitiesN2,4132,4002,4602,7153,0923,5193,8514,630***
Public Administration and Defence; Compulsory Social SecurityO1,4261,5111,5621,5551,5831,5681,5551,5441,5481,5621,569
of which:            
  Roads 8729379921,0091,0621,0701,0701,0661,0661,0661,063
EducationP9039571,0051,0281,0331,0371,0401,0471,0531,0641,067
Human Health and Social Work ActivitiesQ469490497496514528553601650711757
Arts, Entertainment and RecreationR284303324332343345344356372393414
Other Service ActivitiesS8384838076726766686865
 
Total 24,51424,93725,41526,06526,72127,72228,94430,71158,04563,88170,225
* Suppressed for confidentiality reasons
Table 11 Consumption of Fixed Capital by asset type at current market prices€ million
Asset Category20072008200920102011201220132014201520162017
Dwellings, excluding land6,3764,9213,6923,4673,3763,4503,5883,8264,0224,2514,469
Other buildings and structures6,7045,7754,8154,4644,3434,5294,7745,2225,6156,1986,874
of which:           
  Roads8748638778428548869129511,0031,0661,129
Transport equipment5,1865,4115,5275,5635,4935,6435,9256,638***
Other machinery and equipment3,2103,3493,4953,4543,4843,6563,7754,1634,5314,5554,714
of which:           
  Office machinery and hardware7507979199461,0991,3561,4711,5651,6471,7411,860
Cultivated assets00000000000
Intangible fixed assets5,5896,2596,5626,9277,0108,0338,6468,989***
of which:           
  Computer software7878558509331,0041,1311,2301,3301,6581,8672,041
  Research and development4,3604,9325,2255,5255,5356,4106,9297,185***
 
Total27,06425,71424,09123,87523,70725,31126,70828,83956,49963,88171,957
* Suppressed for confidentiality reasons
Table 12 Consumption of Fixed Capital by asset type at constant market prices (base 2016)€ million
Asset Category20072008200920102011201220132014201520162017
Dwellings, excluding land4,2914,0613,9693,9273,9874,0614,1844,2214,2284,2514,224
Other buildings and structures5,3155,2135,2495,3115,3915,4985,6445,8925,9806,1986,456
of which:           
  Roads8729379921,0091,0621,0701,0701,0661,0661,0661,063
Transport equipment5,3475,5275,5785,7265,7585,8426,0726,795***
Other machinery and equipment3,2503,4653,5343,5043,5893,7153,8484,0904,3474,5554,678
of which:           
  Office machinery and hardware7809109961,0641,2291,4141,5201,5971,6621,7411,837
Cultivated assets00000000000
Intangible fixed assets6,3116,6727,0847,5987,9968,6079,1979,713***
of which:           
  Computer software9279851,0221,0711,1391,2331,3291,4211,6581,8672,024
  Research and development4,9655,2295,5535,9956,3326,8357,3407,806***
 
Total24,51424,93725,41526,06526,72127,72228,94430,71158,04563,88170,225
* Suppressed for confidentiality reasons
Table 13 Net Capital Stock held at end of year by type of industry & asset at current market prices, 2017 € 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 4,829 534 2,309 8 2,518 14 4 9 10,204
Mining and QuarryingB0 506 28 697 3 0 410 4 7 1,641
ManufacturingC0 13,134 * 14,292 495 0 * 520 * *
Electricity, Gas, Steam and Air Conditioning SupplyD0 11,951 106 2,608 251 0 254 227 27 14,919
Water supply; sewerage, waste management and remediation activitiesE0 10,499 19 95 10 0 23 2 21 10,636
ConstructionF0 1,782 381 873 30 0 29 22 7 3,065
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG0 7,400 1,818 1,882 1,058 0 2,220 431 1,789 13,320
Transportation and StorageH0 9,872 13,314 596 329 0 199 195 4 23,980
Accommodation and Food Service ActivitiesI0 2,857 112 1,150 42 0 32 30 2 4,150
Information and CommunicationJ0 8,500 244 3,666 3,124 0 25,579 675 24,904 37,988
Financial and Insurance ActivitiesK0 11,314 940 937 672 0 2,002 997 1,005 15,192
Real Estate ActivitiesL248,269 17,502 110 113 64 0 29 25 4 266,023
of which:                    
  Dwellings 248,269 0 0 0 0 0 0 0 0 248,269
Professional, Scientific and Technical ActivitiesM0 2,372 406 343 314 0 7,976 680 7,295 11,096
Administrative and Support Service ActivitiesN0 813 * 1,250 388 0 * 84 * *
Public Administration and Defence; Compulsory Social SecurityO0 48,442 408 401 106 0 565 135 430 49,816
of which:                    
  Roads 0 33,217 0 0 0 0 0 0 0 33,217
EducationP0 8,427 30 312 106 0 2,889 156 2,733 11,658
Human Health and Social Work ActivitiesQ0 6,202 359 2,515 180 0 249 94 155 9,325
Arts, Entertainment and RecreationR0 1,880 31 439 43 0 406 57 10 2,756
Other Service ActivitiesS0 180 61 201 15 0 12 8 4 454
 
Total 248,269 168,460 * 34,677 7,238 2,518 * 4,346 * 838,565
* Suppressed for confidentiality reasons
Table 14 Gross Capital Stock held at end of year by type of industry & asset at current market prices, 2017 € 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 10,171 1,364 4,986 17 2,518 44 11 33 19,083
Mining and QuarryingB0 1,352 63 1,624 11 0 1,380 12 16 4,419
ManufacturingC0 26,677 * 27,404 864 0 * 1,424 * *
Electricity, Gas, Steam and Air Conditioning SupplyD0 23,539 274 5,162 573 0 609 548 61 29,583
Water supply; sewerage, waste management and remediation activitiesE0 16,185 42 224 16 0 55 6 49 16,506
ConstructionF0 2,478 1,049 2,464 60 0 72 58 14 6,063
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG0 11,752 3,858 4,342 2,427 0 3,856 1,006 2,850 23,809
Transportation and StorageH0 17,026 25,069 1,683 807 0 482 474 8 44,260
Accommodation and Food Service ActivitiesI0 6,799 234 2,668 118 0 64 61 3 9,765
Information and CommunicationJ0 14,657 521 8,580 7,469 0 47,506 1,518 45,987 71,263
Financial and Insurance ActivitiesK0 16,135 1,982 2,035 1,387 0 4,697 2,279 2,418 24,850
Real Estate ActivitiesL323,568 21,730 173 293 183 0 100 92 9 345,864
of which:                    
  Dwellings 323,568 0 0 0 0 0 0 0 0 323,568
Professional, Scientific and Technical ActivitiesM0 3,861 775 1,205 670 0 15,670 1,784 13,885 21,511
Administrative and Support Service ActivitiesN0 1,253 * 2,329 930 0 * 292 * *
Public Administration and Defence; Compulsory Social SecurityO0 70,984 892 1,033 269 0 1,414 367 1,047 74,323
of which:                    
  Roads 0 52,713 0 0 0 0 0 0 0 52,713
EducationP0 15,703 67 722 227 0 7,028 402 6,626 23,521
Human Health and Social Work ActivitiesQ0 10,440 788 4,641 346 0 618 236 381 16,487
Arts, Entertainment and RecreationR0 3,463 65 953 106 0 1,017 109 21 5,499
Other Service ActivitiesS0 370 144 517 39 0 45 33 12 1,076
 
Total 323,568 274,575 * 72,865 16,520 2,518 * 10,714 * 1,271,386
* Suppressed for confidentiality reasons
Table 15 Consumption of Fixed Capital by type of industry & asset at current market prices, 2017 € 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 433 115 331 2 0 4 2 2 883
Mining and QuarryingB0 19 6 59 1 0 217 2 2 302
ManufacturingC0 601 * 1,249 96 0 * 257 * *
Electricity, Gas, Steam and Air Conditioning SupplyD0 842 24 224 71 0 109 102 6 1,199
Water supply; sewerage, waste management and remediation activitiesE0 304 4 7 2 0 6 1 5 321
ConstructionF0 107 88 97 6 0 12 11 1 305
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG0 373 390 417 292 0 513 192 321 1,692
Transportation and StorageH0 377 1,855 125 83 0 94 93 1 2,451
Accommodation and Food Service ActivitiesI0 247 24 173 15 0 12 11 0 456
Information and CommunicationJ0 582 53 894 815 0 5,516 273 5,243 7,045
Financial and Insurance ActivitiesK0 480 201 204 166 0 701 449 251 1,587
Real Estate ActivitiesL4,469 230 22 26 19 0 14 13 1 4,761
of which:                    
  Dwellings 4,469 0 0 0 0 0 0 0 0 4,469
Professional, Scientific and Technical ActivitiesM0 124 86 96 81 0 1,950 378 1,573 2,256
Administrative and Support Service ActivitiesN0 66 * 208 92 0 * 41 * *
Public Administration and Defence; Compulsory Social SecurityO0 1,327 90 72 29 0 165 67 98 1,654
of which:                    
  Roads 0 1,129 0 0 0 0 0 0 0 1,129
EducationP0 355 7 59 29 0 692 77 615 1,113
Human Health and Social Work ActivitiesQ0 257 79 370 43 0 79 44 35 784
Arts, Entertainment and RecreationR0 134 7 71 12 0 192 22 2 403
Other Service ActivitiesS0 15 13 32 5 0 6 5 1 66
 
Total 4,469 6,874 * 4,714 1,860 0 * 2,041 * 71,957
* 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 (2016 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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