Gross Fixed Capital Formation — Value Standard Local Currency in Ireland
Ireland: Gross Fixed Capital Formation — Value Standard Local Currency was 91,363 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Ireland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency in Ireland stood at 91,363 million SLC.
Compared with earlier readings it is down 22.4% on the previous year and up 125.4% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Ireland peaked at 193,601 million SLC in 2019 and was at its lowest, 522.72 million SLC, in 1970.
That places Ireland 129th out of 230 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in Ireland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 522.72 million SLC | — |
| 1971 | 621.59 million SLC | +18.9% |
| 1972 | 751.38 million SLC | +20.9% |
| 1973 | 967.7 million SLC | +28.8% |
| 1974 | 1,044 million SLC | +7.9% |
| 1975 | 1,222 million SLC | +17.1% |
| 1976 | 1,651 million SLC | +35.1% |
| 1977 | 2,003 million SLC | +21.3% |
| 1978 | 2,651 million SLC | +32.3% |
| 1979 | 3,424 million SLC | +29.2% |
| 1980 | 3,798 million SLC | +10.9% |
| 1981 | 4,778 million SLC | +25.8% |
| 1982 | 5,032 million SLC | +5.3% |
| 1983 | 4,850 million SLC | -3.6% |
| 1984 | 4,988 million SLC | +2.8% |
| 1985 | 4,804 million SLC | -3.7% |
| 1986 | 4,814 million SLC | +0.2% |
| 1987 | 4,867 million SLC | +1.1% |
| 1988 | 5,381 million SLC | +10.6% |
| 1989 | 6,267 million SLC | +16.5% |
| 1990 | 7,272 million SLC | +16.0% |
| 1991 | 6,909 million SLC | -5.0% |
| 1992 | 7,221 million SLC | +4.5% |
| 1993 | 7,170 million SLC | -0.7% |
| 1994 | 8,232 million SLC | +14.8% |
| 1995 | 9,897 million SLC | +20.2% |
| 1996 | 11,916 million SLC | +20.4% |
| 1997 | 14,608 million SLC | +22.6% |
| 1998 | 18,116 million SLC | +24.0% |
| 1999 | 22,410 million SLC | +23.7% |
| 2000 | 25,747 million SLC | +14.9% |
| 2001 | 29,234 million SLC | +13.5% |
| 2002 | 32,087 million SLC | +9.8% |
| 2003 | 36,259 million SLC | +13.0% |
| 2004 | 42,097 million SLC | +16.1% |
| 2005 | 50,802 million SLC | +20.7% |
| 2006 | 57,299 million SLC | +12.8% |
| 2007 | 56,586 million SLC | -1.2% |
| 2008 | 46,530 million SLC | -17.8% |
| 2009 | 35,865 million SLC | -22.9% |
| 2010 | 29,427 million SLC | -18.0% |
| 2011 | 28,694 million SLC | -2.5% |
| 2012 | 34,454 million SLC | +20.1% |
| 2013 | 33,445 million SLC | -2.9% |
| 2014 | 40,529 million SLC | +21.2% |
| 2015 | 66,146 million SLC | +63.2% |
| 2016 | 94,157 million SLC | +42.3% |
| 2017 | 100,149 million SLC | +6.4% |
| 2018 | 93,518 million SLC | -6.6% |
| 2019 | 193,601 million SLC | +107.0% |
| 2020 | 157,807 million SLC | -18.5% |
| 2021 | 98,669 million SLC | -37.5% |
| 2022 | 109,887 million SLC | +11.4% |
| 2023 | 117,785 million SLC | +7.2% |
| 2024 | 91,363 million SLC | -22.4% |
Ireland compared with similar countries
- Ireland's 91,363 million SLC is above the median for high income countries, which is 36,467 million SLC, 2.5× the median. (73 countries reporting)
- Ireland's 91,363 million SLC is below the median for Europe & Central Asia, which is 116,713 million SLC, 78% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency 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 | +107.0% | 93,518 million SLC | 193,601 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,486 million SLC | 522.72 million SLC | 3,424 million SLC | 10 |
| 1980s | 4,958 million SLC | 3,798 million SLC | 6,267 million SLC | 10 |
| 1990s | 11,375 million SLC | 6,909 million SLC | 22,410 million SLC | 10 |
| 2000s | 41,251 million SLC | 25,747 million SLC | 57,299 million SLC | 10 |
| 2010s | 71,412 million SLC | 28,694 million SLC | 193,601 million SLC | 10 |
| 2020s | 115,102 million SLC | 91,363 million SLC | 157,807 million SLC | 5 |
Countries ranked near Ireland
- 126 Turkmenistan 112,017 million SLC compare
- 127 New Zealand 108,078 million SLC compare
- 128 Mauritania 98,012 million SLC compare
- 130 Comoros 87,923 million SLC compare
- 131 Botswana 74,975 million SLC compare
- 132 Guinea-Bissau 70,271 million SLC 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 — value standard local currency in Ireland?
- Gross fixed capital formation — value standard local currency in Ireland was 91,363 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Ireland?
- The highest recorded value was 193,601 million SLC in 2019.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Ireland?
- The lowest recorded value was 522.72 million SLC in 1970.
- How does Ireland rank for gross fixed capital formation — value standard local currency?
- Ireland ranks 129th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Ireland?
- Over the last ten years it is up 125.4%. 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 — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 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).