Ireland - Gross capital formation (annual % growth)

The value for Gross capital formation (annual % growth) in Ireland was -22.05 as of 2020. As the graph below shows, over the past 49 years this indicator reached a maximum value of 101.90 in 2019 and a minimum value of -22.05 in 2020.

Definition: Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1971 2.51
1972 15.06
1973 15.73
1974 -0.57
1975 -21.94
1976 17.23
1977 16.87
1978 10.28
1979 16.38
1980 -15.25
1981 9.21
1982 5.07
1983 -10.73
1984 0.33
1985 -8.46
1986 -2.84
1987 -7.03
1988 1.15
1989 18.30
1990 23.77
1991 -6.66
1992 -12.65
1993 -4.15
1994 12.04
1995 24.09
1996 16.06
1997 18.46
1998 15.48
1999 9.17
2000 6.71
2001 3.74
2002 6.07
2003 9.48
2004 7.35
2005 17.73
2006 8.71
2007 -1.10
2008 -13.59
2009 -19.47
2010 -13.14
2011 4.40
2012 16.61
2013 -5.93
2014 26.77
2015 50.17
2016 47.79
2017 -1.12
2018 -11.55
2019 101.90
2020 -22.05

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts