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For more information on this release:
E-mail: nat_acc@cso.ie Oisín Mangan 01 4984089 Christopher Sibley 01 4984305
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

2019

Net capital stock of fixed assets   € billion
End of year201420152016201720182019
Current Prices494.6756.3812.8890.3924.31,014.1
Constant 2018 Prices570.5836.5865.1914.1924.3997.3

Net capital stock of fixed assets over €1 trillion in 2019

Figure 1 Net stock of Fixed Capital Assets
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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 2019. Allowing for depreciation, the net stock in current prices of these assets increased by 9.7% between 2018 and 2019, to €1,014bn.

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 2019.

X-axis labelOther AssetsOther Machinery and EquipmentResearch and DevelopmentTransport equipmentOther buildings and structuresDwellings
20147323380124219
20153593500136226
20163933400150236
20174423500165248
20184463700187254
20194933700210274

* For years 2015 to 2019 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 €490bn at the end of 2019, an increase of €46bn on the 2018 level. These categories now make up 48% of the net stock of assets, compared with 24% in 2014 – see Table 3.

All sectors except for Other Service Activities recorded an increase in the current value of their fixed assets. Some sectors showing notable increases include: Information and Communication +€33.2bn; Real Estate Activities +€26.0bn; Professional, Scientific and Technical Activities +€6.3bn; Public Administration and Defence; Compulsory Social Security +€4.8bn – see Table 1.

X-axis labelOther AssetsOther Machinery and EquipmentResearch and DevelopmentTransport equipmentOther buildings and structuresDwellings
2014247754
20154150064
20164950064
20175850074
20186450085
20196950095

* For  years 2015 to 2019 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 €82bn in 2018 to €88bn in 2019. 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 2019 the value for those same categories was €69bn - 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 Section20092010201120122013201420152016201720182019
Agriculture, Forestry and FishingA9,1668,6158,8159,1958,9719,36310,1759,93910,38810,86811,385
Mining and QuarryingB2,2202,0271,9311,9641,8141,7751,7371,6531,6521,6091,621
ManufacturingC35,28734,36233,03534,57136,22938,918*****
Electricity, Gas, Steam and Air Conditioning SupplyD11,82111,56711,51411,86712,39813,06213,76514,23915,06716,26717,076
Water supply; sewerage, waste management and remediation activitiesE7,0576,7116,8467,1437,6748,3489,0549,82910,61111,60012,566
ConstructionF3,4752,9632,5062,2782,1132,1202,2542,4192,7933,2803,869
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG8,7068,2248,1708,3318,7529,19610,52611,05412,43824,69024,833
Transportation and StorageH17,35817,20615,69616,56717,06217,29318,35221,06922,96124,05025,539
Accommodation and Food Service ActivitiesI4,2393,9633,8373,7173,7193,8784,0214,0494,3855,0205,704
Information and CommunicationJ12,90913,54114,57018,04719,28921,60026,76833,65364,06369,385102,564
Financial and Insurance ActivitiesK6,5416,1976,1546,4517,0959,10710,17211,84814,01616,39619,434
Real Estate ActivitiesL213,203202,684203,149207,863213,455225,365234,756246,997263,603274,392300,344
of which:            
  Dwellings 207,253198,019198,932202,891207,896218,698226,011235,615248,337254,448274,299
Professional, Scientific and Technical ActivitiesM3,6093,8064,6755,2386,1956,8558,41710,64212,24313,11919,443
Administrative and Support Service ActivitiesN32,21536,13640,24045,68449,74268,030*****
Public Administration and Defence; Compulsory Social SecurityO37,46335,36935,58436,97138,06140,06042,72845,96949,25653,73258,507
of which:            
  Roads 26,55325,11625,31726,24826,78928,05729,58431,44433,15935,53237,854
EducationP9,3758,9608,8909,2379,4299,76410,28511,00411,64212,40713,162
Human Health and Social Work ActivitiesQ5,5105,3275,6045,8646,4187,0487,8538,6429,35010,28611,448
Arts, Entertainment and RecreationR2,1772,1052,1372,1482,1822,3542,4992,6832,7752,9673,147
Other Service ActivitiesS586551504465440446459442442447443
 
Total 422,917410,315413,854433,600451,038494,583756,254812,780890,280924,3061,014,096
* Suppressed for confidentiality reasons
Table 2 Net Capital Stock held at end of year by type of industry at constant market prices (base 2018)€ million
Nace Rev 2 Section20092010201120122013201420152016201720182019
Agriculture, Forestry and FishingA10,79510,47810,36910,37810,38210,40610,52910,61410,71510,86811,109
Mining and QuarryingB2,6502,5212,3932,4252,2052,0531,9191,7991,7301,6091,572
ManufacturingC40,77840,74139,81940,37742,02543,933*****
Electricity, Gas, Steam and Air Conditioning SupplyD14,82015,36115,36015,53315,87315,94115,96116,02216,06116,26716,209
Water supply; sewerage, waste management and remediation activitiesE9,1499,4409,6499,79210,23410,63510,93611,19311,40311,60011,790
ConstructionF3,6873,2302,7962,5532,3742,3162,4252,6362,9563,2803,706
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG10,18810,13810,19410,23410,59410,80911,85712,06612,91424,69023,935
Transportation and StorageH19,83620,71119,38919,97720,17319,99120,47622,64123,83424,05024,672
Accommodation and Food Service ActivitiesI4,9924,9104,8094,6174,5374,5304,4904,4434,6275,0205,461
Information and CommunicationJ15,36916,75718,48321,71622,86625,51030,77836,61866,68769,385102,061
Financial and Insurance ActivitiesK7,9597,9227,9758,2018,89511,04211,87713,21714,88316,39618,301
Real Estate ActivitiesL259,004259,463258,803258,529258,124258,568260,247263,045268,115274,392281,555
of which:            
  Dwellings 251,304252,919252,905251,770250,750250,099249,704250,102251,717254,448257,128
Professional, Scientific and Technical ActivitiesM4,1084,4855,7496,1507,2288,0229,52211,48112,67613,11918,590
Administrative and Support Service ActivitiesN33,57638,52843,78049,03652,69871,885*****
Public Administration and Defence; Compulsory Social SecurityO48,47249,62450,05150,53450,61850,95551,54652,25452,88353,73254,896
of which:            
  Roads 34,56035,53235,85136,12935,83835,84935,82935,83935,65235,53235,483
EducationP11,70811,91612,02612,00211,99312,09412,18312,29512,36212,40712,443
Human Health and Social Work ActivitiesQ7,0317,2557,6347,7198,2188,5979,0369,5129,90110,28610,852
Arts, Entertainment and RecreationR2,5152,5972,6302,6062,6122,7082,7742,9352,9472,9673,011
Other Service ActivitiesS609592559520494486484470457447435
 
Total 507,248516,671522,468532,898542,142570,482836,458865,143914,058924,306997,333
* Suppressed for confidentiality reasons
Table 3 Net Capital Stock held at end of year by asset type at current market prices€ million
Asset Category20092010201120122013201420152016201720182019
Dwellings, excluding land207,253198,019198,932202,891207,896218,698226,011235,615248,337254,448274,299
Other buildings and structures110,089102,795104,051109,157115,355124,401135,637149,582165,451186,527209,893
of which:           
  Roads26,55325,11625,31726,24826,78928,05729,58431,44433,15935,53237,854
Transport equipment49,04552,12553,16558,39662,21780,090*****
Other machinery and equipment27,47026,98527,12327,03728,46232,06935,18434,44235,12336,88337,360
of which:           
  Office machinery and hardware3,6743,7544,6595,3665,7986,0866,4096,8947,1507,5687,502
Cultivated assets1,8961,8892,2952,6172,2602,2842,7682,4322,5382,4062,383
Intangible fixed assets27,16428,50328,28833,50234,84837,041*****
of which:           
  Computer software1,7271,9132,0302,3022,4762,7253,7434,0564,2744,7505,322
  Research and development24,42325,65525,31930,19331,44733,394*****
 
Total422,917410,315413,854433,600451,038494,583756,254812,780890,280924,3061,014,096
* Suppressed for confidentiality reasons
Table 4 Net Capital Stock held at end of year by asset type at constant market prices (base 2018)€ million
Asset Category20092010201120122013201420152016201720182019
Dwellings, excluding land251,304252,919252,905251,770250,750250,099249,704250,102251,717254,448257,128
Other buildings and structures143,286145,426147,347150,253154,321158,951164,270170,489177,890186,527196,745
of which:           
  Roads34,56035,53235,85136,12935,83835,84935,82935,83935,65235,53235,483
Transport equipment50,78155,18557,29362,15365,44084,221*****
Other machinery and equipment28,50527,81428,33428,16229,81232,08734,13635,26535,40936,88337,854
of which:           
  Office machinery and hardware4,1354,3625,3535,7636,1476,3926,5947,0086,9287,5687,825
Cultivated assets2,2472,1842,2062,2772,2552,2512,3522,3832,4312,4062,428
Intangible fixed assets31,12433,14334,38438,28339,56542,873*****
of which:           
  Computer software2,2242,3532,4662,6862,8653,1174,0084,3444,5384,7505,016
  Research and development27,74529,64930,80034,39335,63138,752*****
 
Total507,248516,671522,468532,898542,142570,482836,458865,143914,058924,306997,333
* 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 Section20092010201120122013201420152016201720182019
Agriculture, Forestry and FishingA16,75916,01216,15516,66816,58417,40218,59118,44119,28020,33521,341
Mining and QuarryingB4,7394,5534,5554,6974,6084,6564,6584,4864,4334,3504,286
ManufacturingC72,31072,46271,91175,94378,85983,026*****
Electricity, Gas, Steam and Air Conditioning SupplyD19,82619,70820,17421,30022,62324,39126,29027,71629,84232,56834,764
Water supply; sewerage, waste management and remediation activitiesE10,1589,77010,09110,67811,51712,60013,78315,09716,47318,19819,925
ConstructionF7,1886,6866,1345,8655,5875,5485,5685,4645,7716,3266,963
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG16,36415,87715,94916,44617,05817,74819,44620,36822,39435,32137,462
Transportation and StorageH30,06530,49429,65831,51532,90433,95735,97739,73843,01045,65648,767
Accommodation and Food Service ActivitiesI8,4498,1458,1178,1808,3468,7969,2299,40610,02011,02812,026
Information and CommunicationJ26,55527,76129,38735,01738,11542,28950,42061,91198,854112,943156,081
Financial and Insurance ActivitiesK11,81511,60411,81312,48913,43215,99217,86820,42623,68227,38931,858
Real Estate ActivitiesL262,084251,141253,796262,004271,418288,818302,874320,460343,230358,196392,868
of which:            
  Dwellings 254,246244,542247,596254,787263,321279,300290,895305,373323,500332,850360,167
Professional, Scientific and Technical ActivitiesM7,3747,7898,94410,14611,69912,98415,56619,37722,84325,66034,451
Administrative and Support Service ActivitiesN45,76351,49457,69366,17773,58195,737*****
Public Administration and Defence; Compulsory Social SecurityO52,29649,81250,63453,15055,29358,67363,01768,23073,63580,81188,388
of which:            
  Roads 37,59135,77236,53538,39139,90942,44745,46049,05552,61257,28861,958
EducationP17,60517,14117,23218,25018,83719,53020,61122,08223,40524,99326,586
Human Health and Social Work ActivitiesQ9,8949,66210,09310,68511,49112,52913,85515,16016,44718,19720,274
Arts, Entertainment and RecreationR3,8943,8523,9954,1234,2634,6254,9385,2495,5286,0546,555
Other Service ActivitiesS1,2101,1931,1451,1111,0821,1001,1181,0691,0651,0641,044
 
Total 624,347615,154627,476664,443697,297760,4031,069,8321,180,6951,325,2071,432,9601,591,652
* Suppressed for confidentiality reasons
Table 6 Gross Capital Stock held at end of year by type of industry at constant market prices (base 2018)€ million
Nace Rev 2 Section20092010201120122013201420152016201720182019
Agriculture, Forestry and FishingA19,56019,34119,31319,39419,46819,56219,75019,90920,08420,33520,703
Mining and QuarryingB5,7255,7655,7575,8715,6695,4525,2044,9164,6584,3504,138
ManufacturingC83,23485,43886,35188,27091,09793,877*****
Electricity, Gas, Steam and Air Conditioning SupplyD24,86526,17026,93327,86628,96329,76530,47331,17431,80732,56833,016
Water supply; sewerage, waste management and remediation activitiesE13,15713,71414,19514,61315,33616,02616,62317,18517,69718,19818,701
ConstructionF7,5067,1396,7166,4096,1065,8845,8165,8706,0726,3266,735
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG18,61118,82119,22519,56020,07120,34321,53922,01123,17935,32136,203
Transportation and StorageH33,99436,08235,77537,21038,17038,60539,63642,48244,53645,65647,195
Accommodation and Food Service ActivitiesI9,90710,04410,13910,11310,16610,28210,33210,33310,57911,02811,525
Information and CommunicationJ31,39533,98337,01341,90244,98549,81557,78867,241102,769112,943155,314
Financial and Insurance ActivitiesK14,21614,57514,99615,52116,49019,10520,57222,60825,05127,38930,047
Real Estate ActivitiesL318,184321,403323,316325,851328,277331,516335,820341,302349,102358,196368,289
of which:            
  Dwellings 308,094312,205314,750316,242317,795319,621321,541324,285327,973332,850337,587
Professional, Scientific and Technical ActivitiesM8,2628,99810,76911,74313,51015,02617,49020,83623,63325,66033,051
Administrative and Support Service ActivitiesN47,73454,90662,74971,00777,930101,145*****
Public Administration and Defence; Compulsory Social SecurityO67,37869,42870,80372,19573,15474,34775,80677,42578,99180,81182,976
of which:            
  Roads 48,92750,60751,73752,84553,38954,23655,05755,91156,56857,28858,077
EducationP21,86322,55823,09823,43223,70924,03724,30624,58024,79724,99325,172
Human Health and Social Work ActivitiesQ12,53412,99313,59513,88514,58115,18015,87316,65617,40318,19719,227
Arts, Entertainment and RecreationR4,3204,5414,7114,8134,9415,1685,3725,6825,8626,0546,272
Other Service ActivitiesS1,2391,2501,2381,2111,1861,1731,1621,1311,0981,0641,027
 
Total 743,684767,148786,691810,865833,810876,3091,184,4351,260,2941,363,5691,432,9601,571,319
* Suppressed for confidentiality reasons
Table 7 Gross Capital Stock held at end of year by asset type at current market prices€ million
Asset Category20092010201120122013201420152016201720182019
Dwellings, excluding land254,246244,542247,596254,787263,321279,300290,895305,373323,500332,850360,167
Other buildings and structures173,115163,277166,985176,676187,805203,472222,403245,475271,209304,929341,478
of which:           
  Roads37,59135,77236,53538,39139,90942,44745,46049,05552,61257,28861,958
Transport equipment80,83086,36189,65298,149105,186126,430*****
Other machinery and equipment55,81356,73157,73258,83361,15367,43772,80371,36773,76976,92278,007
of which:           
  Office machinery and hardware7,7028,0219,43911,11912,27913,31614,35115,51816,69017,38417,487
Cultivated assets1,9071,8982,3022,6252,2682,2932,7772,4412,5482,4162,394
Intangible fixed assets58,43662,34663,20973,37377,56481,471*****
of which:           
  Computer software4,5445,0165,3285,9226,3606,9368,7479,76710,77512,36413,993
  Research and development51,36454,87355,32364,74368,54471,842*****
 
Total624,347615,154627,476664,443697,297760,4031,069,8321,180,6951,325,2071,432,9601,591,652
* Suppressed for confidentiality reasons
Table 8 Gross Capital Stock held at end of year by asset type at constant market prices (base 2018)€ million
Asset Category20092010201120122013201420152016201720182019
Dwellings, excluding land308,094312,205314,750316,242317,795319,621321,541324,285327,973332,850337,587
Other buildings and structures225,117230,841236,491243,316251,428260,134269,419279,826291,616304,929320,081
of which:           
  Roads48,92750,60751,73752,84553,38954,23655,05755,91156,56857,28858,077
Transport equipment83,44391,06596,265104,107110,372132,633*****
Other machinery and equipment57,87858,43460,15661,15463,92967,38970,68173,06474,34976,92279,057
of which:           
  Office machinery and hardware8,6809,32810,86311,94013,01613,93814,77315,78616,21817,38418,142
Cultivated assets2,2552,1922,2132,2852,2632,2602,3622,3932,4412,4162,439
Intangible fixed assets66,89872,41076,81583,76088,02394,272*****
of which:           
  Computer software5,8516,1696,4736,9127,3607,9359,36610,46111,44112,36413,187
  Research and development58,20263,26267,27873,62677,56383,361*****
 
Total743,684767,148786,691810,865833,810876,3091,184,4351,260,2941,363,5691,432,9601,571,319
* Suppressed for confidentiality reasons
Table 9 Consumption of Fixed Capital by type of industry at current market prices€ million
Nace Rev 2 Section20092010201120122013201420152016201720182019
Agriculture, Forestry and FishingA8558017597577698198588618959561,013
Mining and QuarryingB438424405418413382362329303276248
ManufacturingC4,7634,7514,5414,7064,8665,022*****
Electricity, Gas, Steam and Air Conditioning SupplyD8858718899359751,0361,0981,1431,2191,3121,391
Water supply; sewerage, waste management and remediation activitiesE208203207216229248271296318347380
ConstructionF520447377330295276269269289322359
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG1,1611,0661,0421,0621,0751,1001,2181,3591,5031,5532,833
Transportation and StorageH1,7321,7811,6431,5991,6611,6721,7592,0002,2832,4332,549
Accommodation and Food Service ActivitiesI450417394381376407438438483552608
Information and CommunicationJ2,1052,2832,4493,0643,4933,8304,6285,9528,31510,90313,507
Financial and Insurance ActivitiesK7858308098008231,0511,2841,3981,5791,7541,877
Real Estate ActivitiesL3,9793,6993,4733,5863,6993,9084,0854,3624,6964,9635,507
of which:            
  Dwellings 3,6923,4673,3753,4523,5333,7803,9754,2604,4434,6274,986
Professional, Scientific and Technical ActivitiesM6026147419141,0491,1881,5202,0162,3812,6123,374
Administrative and Support Service ActivitiesN2,4182,6132,9163,3523,7174,492*****
Public Administration and Defence; Compulsory Social SecurityO1,4001,3291,3061,3271,3401,3781,4501,5421,6271,7391,856
of which:            
  Roads 8778428548869129511,0031,0661,1271,2071,284
EducationP9269148819259339379741,0401,0921,1441,190
Human Health and Social Work ActivitiesQ442424434460487552629703770854949
Arts, Entertainment and RecreationR339327341344343368386394407442469
Other Service ActivitiesS8682757065666966646260
 
Total 24,09223,87623,68325,24926,60728,73356,39263,82874,24681,72387,854
* Suppressed for confidentiality reasons
Table 10 Consumption of Fixed Capital by type of industry at constant market prices (base 2018)€ million
Nace Rev 2 Section20092010201120122013201420152016201720182019
Agriculture, Forestry and FishingA956928907903911922926937939956984
Mining and QuarryingB547566541549531468422367321276237
ManufacturingC5,3165,4245,3765,3455,5725,711*****
Electricity, Gas, Steam and Air Conditioning SupplyD1,1081,1501,1761,2061,2311,2521,2601,2741,2921,3121,323
Water supply; sewerage, waste management and remediation activitiesE268281289294302314325337341347357
ConstructionF538473410357319292281287302322347
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG1,1761,1071,2061,2721,2761,2361,3171,4511,5341,5532,761
Transportation and StorageH1,8461,9621,8591,7871,8341,8231,8702,0902,3322,4332,495
Accommodation and Food Service ActivitiesI487472465454449473489483513552584
Information and CommunicationJ2,4332,6813,0153,5734,0384,4805,2786,4418,61510,90313,535
Financial and Insurance ActivitiesK8919589649519891,2391,4501,5321,6591,7541,780
Real Estate ActivitiesL4,6274,5024,3334,3664,4574,5554,5554,6594,7994,9635,147
of which:            
  Dwellings 4,2694,1854,2684,3564,4564,5414,5444,6584,5744,6274,640
Professional, Scientific and Technical ActivitiesM6576898841,0371,2171,3841,6992,1572,4552,6123,243
Administrative and Support Service ActivitiesN2,5232,7843,1813,6383,9674,751*****
Public Administration and Defence; Compulsory Social SecurityO1,7271,7041,7651,7461,7301,7151,7151,7301,7341,7391,751
of which:            
  Roads 1,1191,1201,2101,2201,2201,2151,2151,2151,2121,2071,204
EducationP1,0921,1161,1191,1161,1151,1191,1221,1331,1401,1441,139
Human Health and Social Work ActivitiesQ546544561572595644692752805854909
Arts, Entertainment and RecreationR330339351352353367384405428442460
Other Service ActivitiesS8683807671707269656260
 
Total 27,15327,76428,48329,59330,95732,81362,01767,88576,06781,72389,137
* Suppressed for confidentiality reasons
Table 11 Consumption of Fixed Capital by asset type at current market prices€ million
Asset Category20092010201120122013201420152016201720182019
Dwellings, excluding land3,6923,4673,3753,4523,5333,7803,9754,2604,4434,6274,986
Other buildings and structures4,8154,4644,3414,5264,8195,2685,6636,1776,7877,6518,571
of which:           
  Roads8778428548869129511,0031,0661,1271,2071,284
Transport equipment5,5275,5635,4935,6415,9166,614*****
Other machinery and equipment3,4953,4543,4843,6563,7754,1634,5344,5834,7834,9255,041
of which:           
  Office machinery and hardware9199461,0991,3561,4711,5651,6461,7571,8971,9281,981
Cultivated assets11111111111
Intangible fixed assets6,5626,9276,9887,9738,5648,907*****
of which:           
  Computer software8509339941,1071,2021,3101,6671,9532,0952,3262,595
  Research and development5,2265,5255,5236,3756,8747,124*****
 
Total24,09223,87623,68325,24926,60728,73356,39263,82874,24681,72387,854
* Suppressed for confidentiality reasons
Table 12 Consumption of Fixed Capital by asset type at constant market prices (base 2018)€ million
Asset Category20092010201120122013201420152016201720182019
Dwellings, excluding land4,2694,1854,2684,3564,4564,5414,5444,6584,5744,6274,640
Other buildings and structures6,0046,0446,1716,3546,6306,8836,9277,0817,3137,6518,028
of which:           
  Roads1,1191,1201,2101,2201,2201,2151,2151,2151,2121,2071,204
Transport equipment5,6835,8375,8735,9596,1896,914*****
Other machinery and equipment3,6253,5923,6753,7993,9324,1814,4384,6624,7684,9255,152
of which:           
  Office machinery and hardware1,0181,0861,2491,4341,5391,6191,6811,7731,8301,9282,075
Cultivated assets11111111111
Intangible fixed assets7,5728,1048,4969,1249,74910,293*****
of which:           
  Computer software1,0951,1471,2081,2921,3911,4991,7852,0912,2242,3262,446
  Research and development5,9286,3826,7227,2507,7888,274*****
 
Total27,15327,76428,48329,59330,95732,81362,01767,88576,06781,72389,137
* Suppressed for confidentiality reasons
Table 13 Net Capital Stock held at end of year by type of industry & asset at current market prices, 2019 € 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 5,690 549 2,748 7 2,383 16 7 9 11,385
Mining and QuarryingB0 547 39 735 4 0 299 10 11 1,621
ManufacturingC0 17,253 * 15,548 509 0 * 844 * *
Electricity, Gas, Steam and Air Conditioning SupplyD0 13,831 101 2,786 284 0 358 319 38 17,076
Water supply; sewerage, waste management and remediation activitiesE0 12,396 31 114 26 0 24 10 15 12,566
ConstructionF0 2,595 314 914 30 0 46 34 11 3,869
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG0 8,948 1,400 1,455 881 0 13,031 517 12,514 24,833
Transportation and StorageH0 11,178 13,792 276 189 0 293 288 5 25,539
Accommodation and Food Service ActivitiesI0 4,434 87 1,159 76 0 24 17 7 5,704
Information and CommunicationJ0 10,989 230 4,543 4,051 0 86,802 877 85,925 102,564
Financial and Insurance ActivitiesK0 15,813 899 718 439 0 2,004 1,333 670 19,434
Real Estate ActivitiesL274,299 25,869 30 101 45 0 46 42 3 300,344
of which:                    
  Dwellings 274,299 0 0 0 0 0 0 0 0 274,299
Professional, Scientific and Technical ActivitiesM0 2,650 448 282 278 0 16,063 450 15,613 19,443
Administrative and Support Service ActivitiesN0 912 * 1,318 218 0 * 160 * *
Public Administration and Defence; Compulsory Social SecurityO0 57,102 394 427 93 0 560 116 444 58,507
of which:                    
  Roads 0 37,854 0 0 0 0 0 0 0 37,854
EducationP0 9,802 29 306 81 0 3,022 118 2,904 13,162
Human Health and Social Work ActivitiesQ0 7,512 334 3,306 214 0 282 108 174 11,448
Arts, Entertainment and RecreationR0 2,165 19 440 62 0 524 68 44 3,147
Other Service ActivitiesS0 205 44 184 12 0 10 5 5 443
 
Total 274,299 209,893 * 37,360 7,502 2,383 * 5,322 * 1,014,096
* Suppressed for confidentiality reasons
Table 14 Gross Capital Stock held at end of year by type of industry & asset at current market prices, 2019 € 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 11,973 1,361 5,568 16 2,394 46 17 29 21,341
Mining and QuarryingB0 1,497 76 1,682 10 0 1,031 22 21 4,286
ManufacturingC0 33,497 * 29,741 891 0 * 2,259 * *
Electricity, Gas, Steam and Air Conditioning SupplyD0 27,866 281 5,735 652 0 882 797 85 34,764
Water supply; sewerage, waste management and remediation activitiesE0 19,551 61 254 34 0 60 16 44 19,925
ConstructionF0 3,642 766 2,442 59 0 112 89 23 6,963
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG0 14,419 3,108 3,743 2,141 0 16,191 1,361 14,830 37,462
Transportation and StorageH0 19,920 26,971 1,103 533 0 772 760 12 48,767
Accommodation and Food Service ActivitiesI0 9,131 180 2,646 146 0 69 49 20 12,026
Information and CommunicationJ0 18,574 494 10,302 9,253 0 126,712 1,959 124,752 156,081
Financial and Insurance ActivitiesK0 22,205 1,922 1,806 1,175 0 5,925 3,414 2,511 31,858
Real Estate ActivitiesL360,167 32,223 76 255 138 0 148 139 9 392,868
of which:                    
  Dwellings 360,167 0 0 0 0 0 0 0 0 360,167
Professional, Scientific and Technical ActivitiesM0 4,484 983 998 738 0 27,986 1,686 26,300 34,451
Administrative and Support Service ActivitiesN0 1,534 * 2,493 667 0 * 349 * *
Public Administration and Defence; Compulsory Social SecurityO0 85,090 910 1,020 229 0 1,368 303 1,066 88,388
of which:                    
  Roads 0 61,958 0 0 0 0 0 0 0 61,958
EducationP0 18,497 70 729 199 0 7,290 323 6,967 26,586
Human Health and Social Work ActivitiesQ0 12,767 772 6,038 437 0 698 261 437 20,274
Arts, Entertainment and RecreationR0 4,173 44 988 133 0 1,351 166 144 6,555
Other Service ActivitiesS0 435 105 464 36 0 40 24 16 1,044
 
Total 360,167 341,478 * 78,007 17,487 2,394 * 13,993 * 1,591,652
* Suppressed for confidentiality reasons
Table 15 Consumption of Fixed Capital by type of industry & asset at current market prices, 2019 € 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 509 118 380 2 1 5 3 2 1,013
Mining and QuarryingB0 20 8 62 1 0 158 4 2 248
ManufacturingC0 872 * 1,357 115 0 * 421 * *
Electricity, Gas, Steam and Air Conditioning SupplyD0 966 23 235 73 0 166 158 8 1,391
Water supply; sewerage, waste management and remediation activitiesE0 357 7 10 4 0 6 3 4 380
ConstructionF0 163 74 103 7 0 19 17 2 359
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG0 410 314 325 236 0 1,784 263 1,521 2,833
Transportation and StorageH0 427 1,906 73 51 0 144 143 1 2,549
Accommodation and Food Service ActivitiesI0 403 19 175 20 0 11 9 2 608
Information and CommunicationJ0 684 51 1,119 1,046 0 11,654 385 11,268 13,507
Financial and Insurance ActivitiesK0 675 198 179 140 0 825 643 181 1,877
Real Estate ActivitiesL4,986 466 7 22 14 0 25 24 1 5,507
of which:                    
  Dwellings 4,986 0 0 0 0 0 0 0 0 4,986
Professional, Scientific and Technical ActivitiesM0 123 106 90 90 0 3,055 251 2,804 3,374
Administrative and Support Service ActivitiesN0 73 * 213 62 0 * 64 * *
Public Administration and Defence; Compulsory Social SecurityO0 1,534 93 73 25 0 156 55 101 1,856
of which:                    
  Roads 0 1,284 0 0 0 0 0 0 0 1,284
EducationP0 414 7 56 24 0 713 61 652 1,190
Human Health and Social Work ActivitiesQ0 309 77 470 49 0 93 54 39 949
Arts, Entertainment and RecreationR0 152 4 72 17 0 240 33 11 469
Other Service ActivitiesS0 17 10 29 4 0 4 3 1 60
 
Total 4,986 8,571 * 5,041 1,981 1 * 2,595 * 87,854
* 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. Data contained in this release is consistent with the National Income and Expenditure 2019 (NIE 2019).

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 account's 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 (2018 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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