Gross Fixed Capital Formation — Annual growth Standard Local Currency in Ireland
Ireland: Gross Fixed Capital Formation — Annual growth Standard Local Currency was -22.43 % in 2024. ◆ Volatile
Gross Fixed Capital Formation — Annual growth Standard Local Currency in Ireland, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, gross fixed capital formation — annual growth standard local currency in Ireland stood at -22.43 %.
That represents a change of down 412.1% on the previous year and down 205.9% over ten years.
Over the whole period, gross fixed capital formation — annual growth standard local currency in Ireland peaked at 107.02 % in 2019 and was at its lowest, -37.47 %, in 2021.
That places Ireland 201st out of 202 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.
Gross Fixed Capital Formation — Annual growth Standard Local Currency in Ireland, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 18.91 % | — |
| 1972 | 20.88 % | +10.4% |
| 1973 | 28.79 % | +37.9% |
| 1974 | 7.86 % | -72.7% |
| 1975 | 17.12 % | +118.0% |
| 1976 | 35.07 % | +104.8% |
| 1977 | 21.33 % | -39.2% |
| 1978 | 32.33 % | +51.6% |
| 1979 | 29.17 % | -9.8% |
| 1980 | 10.9 % | -62.6% |
| 1981 | 25.81 % | +136.7% |
| 1982 | 5.32 % | -79.4% |
| 1983 | -3.62 % | -168.0% |
| 1984 | 2.85 % | -178.7% |
| 1985 | -3.69 % | -229.7% |
| 1986 | 0.2067 % | -105.6% |
| 1987 | 1.1 % | +432.9% |
| 1988 | 10.57 % | +859.5% |
| 1989 | 16.47 % | +55.8% |
| 1990 | 16.03 % | -2.6% |
| 1991 | -5 % | -131.2% |
| 1992 | 4.53 % | -190.5% |
| 1993 | -0.7036 % | -115.5% |
| 1994 | 14.81 % | -2204.4% |
| 1995 | 20.23 % | +36.6% |
| 1996 | 20.4 % | +0.8% |
| 1997 | 22.59 % | +10.7% |
| 1998 | 24.02 % | +6.3% |
| 1999 | 23.7 % | -1.3% |
| 2000 | 14.89 % | -37.2% |
| 2001 | 13.54 % | -9.1% |
| 2002 | 9.76 % | -27.9% |
| 2003 | 13 % | +33.2% |
| 2004 | 16.1 % | +23.9% |
| 2005 | 20.68 % | +28.4% |
| 2006 | 12.79 % | -38.2% |
| 2007 | -1.24 % | -109.7% |
| 2008 | -17.77 % | +1328.4% |
| 2009 | -22.92 % | +29.0% |
| 2010 | -17.95 % | -21.7% |
| 2011 | -2.49 % | -86.1% |
| 2012 | 20.07 % | -905.9% |
| 2013 | -2.93 % | -114.6% |
| 2014 | 21.18 % | -823.0% |
| 2015 | 63.21 % | +198.4% |
| 2016 | 42.35 % | -33.0% |
| 2017 | 6.36 % | -85.0% |
| 2018 | -6.62 % | -204.0% |
| 2019 | 107.02 % | -1716.2% |
| 2020 | -18.49 % | -117.3% |
| 2021 | -37.47 % | +102.7% |
| 2022 | 11.37 % | -130.3% |
| 2023 | 7.19 % | -36.8% |
| 2024 | -22.43 % | -412.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.5 % | 7.86 % | 35.07 % | 9 |
| 1980s | 6.59 % | -3.69 % | 25.81 % | 10 |
| 1990s | 14.06 % | -5 % | 24.02 % | 10 |
| 2000s | 5.88 % | -22.92 % | 20.68 % | 10 |
| 2010s | 23.02 % | -17.95 % | 107.02 % | 10 |
| 2020s | -11.97 % | -37.47 % | 11.37 % | 5 |
Countries ranked near Ireland
- 198 Trinidad and Tobago -6.88 % compare
- 199 Seychelles -14.3 % compare
- 200 Haiti -14.46 % compare
- 202 Palestine -30.22 % 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)
- Industry (including construction), value added (constant 2015 US$) 27.95 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.3332 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 43,850 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 27.95 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.2905 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 38,223 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 10.99 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5674 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — annual growth standard local currency in Ireland?
- Gross fixed capital formation — annual growth standard local currency in Ireland was -22.43 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — annual growth standard local currency recorded in Ireland?
- The highest recorded value was 107.02 % in 2019.
- What is the lowest gross fixed capital formation — annual growth standard local currency recorded in Ireland?
- The lowest recorded value was -37.47 % in 2021.
- How does Ireland rank for gross fixed capital formation — annual growth standard local currency?
- Ireland ranks 201st out of 202 countries with data for 2024.
- Is gross fixed capital formation — annual growth standard local currency rising or falling in Ireland?
- Over the last ten years it is down 205.9%. The long-run trend across the full record is volatile.
- Where does this Ireland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Annual growth Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).