Value of stock of produced assets increased by 5.2% last year

The value of the stock of produced assets increased in value by 5.2 per cent last year to €1.1 billion, according to the Central Statistics Office.

The assets are largely comprised of buildings, transport equipment, other machinery and equipment, and research and development.

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 €556 billion at the end of 2020, which was an increase of €22.8 billion on the 2019 level. These categories now make up 50.2 per cent of the net stock of assets, compared with 23.7 per cent in 2014.

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All sectors except for mining and quarrying, manufacturing, transportation and storage, and professional, scientific and technical activities recorded an increase in the current value of their fixed assets.

Some sectors showing notable increases include: information and communication +€43.4 billion; real estate activities +€22.5 billion; public administration and defence; compulsory social security +€2.7 billion.

Consumption of fixed capital increased in value from €87 billion in 2019 to €103 billion in 2020.

In 2014, transport equipment and intangible fixed assets had a combined consumption of fixed capital of €15.5 billion. In 2020 the value for those same categories was €83 billion.