Gross Fixed Capital Formation — Value US$ (US Value) in Ireland
Ireland: Gross Fixed Capital Formation — Value US$ was 98,890 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Ireland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Ireland recorded 98,890 million USD for gross fixed capital formation — value us$ in 2024.
The figure is down 22.4% on the previous year and up 83.7% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Ireland peaked at 216,731 million USD in 2019 and was at its lowest, 988.01 million USD, in 1970.
Ireland ranks 41st of 235 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 — Value US$ in Ireland, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 988.01 million USD | — |
| 1971 | 1,191 million USD | +20.6% |
| 1972 | 1,478 million USD | +24.1% |
| 1973 | 1,867 million USD | +26.3% |
| 1974 | 1,922 million USD | +2.9% |
| 1975 | 2,130 million USD | +10.8% |
| 1976 | 2,337 million USD | +9.7% |
| 1977 | 2,752 million USD | +17.8% |
| 1978 | 4,004 million USD | +45.5% |
| 1979 | 5,520 million USD | +37.9% |
| 1980 | 6,146 million USD | +11.3% |
| 1981 | 6,056 million USD | -1.5% |
| 1982 | 5,625 million USD | -7.1% |
| 1983 | 4,747 million USD | -15.6% |
| 1984 | 4,258 million USD | -10.3% |
| 1985 | 4,001 million USD | -6.0% |
| 1986 | 5,102 million USD | +27.5% |
| 1987 | 5,696 million USD | +11.7% |
| 1988 | 6,456 million USD | +13.3% |
| 1989 | 6,996 million USD | +8.4% |
| 1990 | 9,473 million USD | +35.4% |
| 1991 | 8,757 million USD | -7.6% |
| 1992 | 9,677 million USD | +10.5% |
| 1993 | 8,338 million USD | -13.8% |
| 1994 | 9,696 million USD | +16.3% |
| 1995 | 12,497 million USD | +28.9% |
| 1996 | 15,015 million USD | +20.1% |
| 1997 | 17,440 million USD | +16.2% |
| 1998 | 20,316 million USD | +16.5% |
| 1999 | 23,884 million USD | +17.6% |
| 2000 | 23,780 million USD | -0.4% |
| 2001 | 26,183 million USD | +10.1% |
| 2002 | 30,341 million USD | +15.9% |
| 2003 | 41,014 million USD | +35.2% |
| 2004 | 52,365 million USD | +27.7% |
| 2005 | 63,202 million USD | +20.7% |
| 2006 | 71,944 million USD | +13.8% |
| 2007 | 77,550 million USD | +7.8% |
| 2008 | 68,434 million USD | -11.8% |
| 2009 | 50,024 million USD | -26.9% |
| 2010 | 39,012 million USD | -22.0% |
| 2011 | 39,941 million USD | +2.4% |
| 2012 | 44,266 million USD | +10.8% |
| 2013 | 44,419 million USD | +0.3% |
| 2014 | 53,843 million USD | +21.2% |
| 2015 | 73,390 million USD | +36.3% |
| 2016 | 104,222 million USD | +42.0% |
| 2017 | 113,137 million USD | +8.6% |
| 2018 | 110,440 million USD | -2.4% |
| 2019 | 216,731 million USD | +96.2% |
| 2020 | 180,247 million USD | -16.8% |
| 2021 | 116,700 million USD | -35.3% |
| 2022 | 115,716 million USD | -0.8% |
| 2023 | 127,357 million USD | +10.1% |
| 2024 | 98,890 million USD | -22.4% |
Ireland compared with similar countries
- Ireland's 98,890 million USD is above the median for high income countries, which is 20,129 million USD, 4.9× the median. (73 countries reporting)
- Ireland's 98,890 million USD is above the median for Europe & Central Asia, which is 26,071 million USD, 3.8× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,419 million USD | 988.01 million USD | 5,520 million USD | 10 |
| 1980s | 5,508 million USD | 4,001 million USD | 6,996 million USD | 10 |
| 1990s | 13,509 million USD | 8,338 million USD | 23,884 million USD | 10 |
| 2000s | 50,484 million USD | 23,780 million USD | 77,550 million USD | 10 |
| 2010s | 83,940 million USD | 39,012 million USD | 216,731 million USD | 10 |
| 2020s | 127,782 million USD | 98,890 million USD | 180,247 million USD | 5 |
Countries ranked near Ireland
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 us$ in Ireland?
- Gross fixed capital formation — value us$ in Ireland was 98,890 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Ireland?
- The highest recorded value was 216,731 million USD in 2019.
- What is the lowest gross fixed capital formation — value us$ recorded in Ireland?
- The lowest recorded value was 988.01 million USD in 1970.
- How does Ireland rank for gross fixed capital formation — value us$?
- Ireland ranks 41st out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Ireland?
- Over the last ten years it is up 83.7%. 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 US$. Statizoid updates them automatically from the source API.
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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).