Annual growth of the gross capital formation in Ireland
Ireland: Annual growth of the gross capital formation was -29.5% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Ireland, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual growth of the gross capital formation in Ireland stood at -29.5%.
That represents a change of down 332.3% on the previous year and down 200.6% over ten years.
Over the whole period, annual growth of the gross capital formation in Ireland peaked at 99.7% in 2019 and was at its lowest, -38.9%, in 2021.
That places Ireland 163rd out of 167 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in Ireland, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 6.7% | — |
| 2001 | 3.7% | -44.3% |
| 2002 | 6.1% | +62.3% |
| 2003 | 9.5% | +56.2% |
| 2004 | 7.3% | -22.5% |
| 2005 | 17.7% | +141.2% |
| 2006 | 8.7% | -50.9% |
| 2007 | -1.1% | -112.6% |
| 2008 | -13.6% | +1135.5% |
| 2009 | -19.5% | +43.3% |
| 2010 | -13.1% | -32.5% |
| 2011 | 4.9% | -137.4% |
| 2012 | 15.2% | +209.6% |
| 2013 | -5.6% | -136.7% |
| 2014 | 29.3% | -624.6% |
| 2015 | 54.7% | +86.9% |
| 2016 | 36.2% | -33.9% |
| 2017 | 4.3% | -88.1% |
| 2018 | -12.3% | -387.6% |
| 2019 | 99.7% | -907.9% |
| 2020 | -14.6% | -114.7% |
| 2021 | -38.9% | +166.0% |
| 2022 | 6.7% | -117.1% |
| 2023 | 12.7% | +90.1% |
| 2024 | -29.5% | -332.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.6% | -19.5% | 17.7% | 10 |
| 2010s | 21.3% | -13.1% | 99.7% | 10 |
| 2020s | -12.7% | -38.9% | 12.7% | 5 |
Countries ranked near Ireland
- 160 Argentina -17.7% compare
- 161 Eswatini -22.4% compare
- 162 San Marino -27.7% compare
- 164 Palestine, State of -30.0% compare
- 165 Puerto Rico -32.7% compare
- 166 Haiti -36.3% compare
More economy & growth data for Ireland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.52 Percent per annum (2029)
- Gross capital formation (constant 2015 US$), annual growth rate 39.84 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1679 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 22,090 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 15.82 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.9989 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 131,451 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 10.94 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.884 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Ireland?
- Annual growth of the gross capital formation in Ireland was -29.5% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of the gross capital formation recorded in Ireland?
- The highest recorded value was 99.7% in 2019.
- What is the lowest annual growth of the gross capital formation recorded in Ireland?
- The lowest recorded value was -38.9% in 2021.
- How does Ireland rank for annual growth of the gross capital formation?
- Ireland ranks 163rd out of 167 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Ireland?
- Over the last ten years it is down 200.6%. The long-run trend across the full record is volatile.
- Where does this Ireland data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).