Ireland - Gross fixed capital formation (current LCU)

The value for Gross fixed capital formation (current LCU) in Ireland was 147,945,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 191,068,000,000 in 2019 and a minimum value of 522,717,000 in 1970.

Definition: Gross fixed capital formation (formerly gross domestic fixed investment) includes 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. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current local currency.

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

Year Value
1970 522,717,000
1971 621,586,000
1972 751,379,000
1973 967,700,000
1974 1,043,731,000
1975 1,222,462,000
1976 1,651,132,000
1977 2,003,346,000
1978 2,651,032,000
1979 3,424,256,000
1980 3,797,604,000
1981 4,777,645,000
1982 5,031,982,000
1983 4,849,847,000
1984 4,988,008,000
1985 4,803,746,000
1986 4,813,675,000
1987 4,866,697,000
1988 5,381,071,000
1989 6,267,302,000
1990 7,272,202,000
1991 6,908,531,000
1992 7,221,144,000
1993 7,170,339,000
1994 8,231,960,000
1995 9,895,751,000
1996 11,920,780,000
1997 14,606,360,000
1998 18,117,580,000
1999 22,418,080,000
2000 25,759,000,000
2001 29,223,740,000
2002 32,086,100,000
2003 36,264,760,000
2004 42,112,450,000
2005 50,800,680,000
2006 57,299,430,000
2007 56,572,870,000
2008 46,525,060,000
2009 35,875,670,000
2010 29,422,480,000
2011 28,651,410,000
2012 34,348,900,000
2013 33,347,360,000
2014 40,223,990,000
2015 63,323,820,000
2016 96,715,940,000
2017 98,733,470,000
2018 92,080,770,000
2019 191,068,000,000
2020 147,945,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts