Gross fixed capital formation (constant 2015 US$) in Ireland
Ireland: Gross fixed capital formation (constant 2015 US$) was 115.27 billion constant 2015 US$ in 2025. ◆ Volatile
Gross fixed capital formation in Ireland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2025, gross fixed capital formation in Ireland stood at 115.27 billion constant 2015 US$.
That represents a change of up 42.6% on the previous year and up 57.1% over ten years.
Over the whole period, gross fixed capital formation in Ireland peaked at 193.26 billion constant 2015 US$ in 2019 and was at its lowest, 8.50 billion constant 2015 US$, in 1970.
Ireland ranks 25th of 161 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (constant 2015 US$) in Ireland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 8.50 billion constant 2015 US$ | — |
| 1971 | 9.26 billion constant 2015 US$ | +8.9% |
| 1972 | 9.98 billion constant 2015 US$ | +7.8% |
| 1973 | 11.60 billion constant 2015 US$ | +16.2% |
| 1974 | 10.25 billion constant 2015 US$ | -11.6% |
| 1975 | 9.88 billion constant 2015 US$ | -3.6% |
| 1976 | 11.22 billion constant 2015 US$ | +13.6% |
| 1977 | 11.67 billion constant 2015 US$ | +4.1% |
| 1978 | 13.88 billion constant 2015 US$ | +18.9% |
| 1979 | 15.76 billion constant 2015 US$ | +13.6% |
| 1980 | 15.02 billion constant 2015 US$ | -4.7% |
| 1981 | 16.45 billion constant 2015 US$ | +9.5% |
| 1982 | 15.89 billion constant 2015 US$ | -3.4% |
| 1983 | 14.42 billion constant 2015 US$ | -9.3% |
| 1984 | 14.05 billion constant 2015 US$ | -2.5% |
| 1985 | 12.97 billion constant 2015 US$ | -7.7% |
| 1986 | 12.61 billion constant 2015 US$ | -2.8% |
| 1987 | 12.46 billion constant 2015 US$ | -1.1% |
| 1988 | 13.12 billion constant 2015 US$ | +5.2% |
| 1989 | 14.44 billion constant 2015 US$ | +10.1% |
| 1990 | 16.38 billion constant 2015 US$ | +13.4% |
| 1991 | 15.24 billion constant 2015 US$ | -7.0% |
| 1992 | 15.23 billion constant 2015 US$ | -0.0% |
| 1993 | 14.46 billion constant 2015 US$ | -5.1% |
| 1994 | 16.17 billion constant 2015 US$ | +11.8% |
| 1995 | 18.72 billion constant 2015 US$ | +15.8% |
| 1996 | 21.80 billion constant 2015 US$ | +16.4% |
| 1997 | 25.24 billion constant 2015 US$ | +15.8% |
| 1998 | 28.64 billion constant 2015 US$ | +13.4% |
| 1999 | 32.67 billion constant 2015 US$ | +14.1% |
| 2000 | 34.32 billion constant 2015 US$ | +5.1% |
| 2001 | 36.32 billion constant 2015 US$ | +5.8% |
| 2002 | 38.33 billion constant 2015 US$ | +5.6% |
| 2003 | 41.39 billion constant 2015 US$ | +8.0% |
| 2004 | 45.43 billion constant 2015 US$ | +9.8% |
| 2005 | 53.08 billion constant 2015 US$ | +16.8% |
| 2006 | 56.91 billion constant 2015 US$ | +7.2% |
| 2007 | 56.92 billion constant 2015 US$ | +0.0% |
| 2008 | 50.33 billion constant 2015 US$ | -11.6% |
| 2009 | 41.81 billion constant 2015 US$ | -16.9% |
| 2010 | 35.53 billion constant 2015 US$ | -15.0% |
| 2011 | 35.51 billion constant 2015 US$ | -0.0% |
| 2012 | 41.30 billion constant 2015 US$ | +16.3% |
| 2013 | 39.57 billion constant 2015 US$ | -4.2% |
| 2014 | 47.15 billion constant 2015 US$ | +19.1% |
| 2015 | 73.36 billion constant 2015 US$ | +55.6% |
| 2016 | 102.64 billion constant 2015 US$ | +39.9% |
| 2017 | 106.46 billion constant 2015 US$ | +3.7% |
| 2018 | 96.78 billion constant 2015 US$ | -9.1% |
| 2019 | 193.26 billion constant 2015 US$ | +99.7% |
| 2020 | 161.43 billion constant 2015 US$ | -16.5% |
| 2021 | 97.02 billion constant 2015 US$ | -39.9% |
| 2022 | 99.71 billion constant 2015 US$ | +2.8% |
| 2023 | 113.03 billion constant 2015 US$ | +13.4% |
| 2024 | 80.86 billion constant 2015 US$ | -28.5% |
| 2025 | 115.27 billion constant 2015 US$ | +42.6% |
Ireland compared with similar countries
- Ireland's 115.27 billion constant 2015 US$ is above the median for high income countries, which is 50.87 billion constant 2015 US$, 2.3× the median. (57 countries reporting)
- Ireland's 115.27 billion constant 2015 US$ is above the median for Europe & Central Asia, which is 27.92 billion constant 2015 US$, 4.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation (constant 2015 US$) in Ireland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2019 | +99.7% | 96.78 billion constant 2015 US$ | 193.26 billion constant 2015 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.20 billion constant 2015 US$ | 8.50 billion constant 2015 US$ | 15.76 billion constant 2015 US$ | 10 |
| 1980s | 14.14 billion constant 2015 US$ | 12.46 billion constant 2015 US$ | 16.45 billion constant 2015 US$ | 10 |
| 1990s | 20.45 billion constant 2015 US$ | 14.46 billion constant 2015 US$ | 32.67 billion constant 2015 US$ | 10 |
| 2000s | 45.48 billion constant 2015 US$ | 34.32 billion constant 2015 US$ | 56.92 billion constant 2015 US$ | 10 |
| 2010s | 77.15 billion constant 2015 US$ | 35.51 billion constant 2015 US$ | 193.26 billion constant 2015 US$ | 10 |
| 2020s | 111.22 billion constant 2015 US$ | 80.86 billion constant 2015 US$ | 161.43 billion constant 2015 US$ | 6 |
Countries ranked near Ireland
- 22 Poland 130.74 billion constant 2015 US$ compare
- 23 Belgium 129.57 billion constant 2015 US$ compare
- 24 Thailand 116.14 billion constant 2015 US$ compare
- 26 Norway 113.93 billion constant 2015 US$ compare
- 27 Algeria 109.39 billion constant 2015 US$ compare
- 28 Philippines 108.48 billion constant 2015 US$ 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)
- SDRs holdings, US dollar, annual growth rate 7.18 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0082 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,078 units per person (2025)
- SDRs holdings, SDR, annual growth rate 2.06 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.006 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 787.03 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.45 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0048 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Ireland?
- Gross fixed capital formation in Ireland was 115.27 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Ireland?
- The highest recorded value was 193.26 billion constant 2015 US$ in 2019.
- What is the lowest gross fixed capital formation recorded in Ireland?
- The lowest recorded value was 8.50 billion constant 2015 US$ in 1970.
- How does Ireland rank for gross fixed capital formation?
- Ireland ranks 25th out of 161 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Ireland?
- Over the last ten years it is up 57.1%. The long-run trend across the full record is volatile.
- Where does this Ireland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.