Annual government: Gross fixed capital formation … function fixed in Ireland
Ireland: Annual government: Gross fixed capital formation … function fixed was 14,613 National currency in 2024. ◆ Volatile
Annual government expenditure by function (COFOG) — Gross fixed in Ireland, 1995–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
The most recent figure for annual government expenditure by function (cofog) — gross fixed in Ireland is 14,613 National currency, measured in 2024. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 20.8% on the previous year and up 242.3% over ten years.
Over the whole period, annual government expenditure by function (cofog) — gross fixed in Ireland peaked at 14,613 National currency in 2024 and was at its lowest, 1,286 National currency, in 1995.
Ireland ranks 21st of 27 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government: Gross fixed capital formation … function fixed in Ireland, year by year
| Year | National currency | Change |
|---|---|---|
| 1995 | 1,286 National currency | — |
| 1996 | 1,489 National currency | +15.8% |
| 1997 | 1,780 National currency | +19.6% |
| 1998 | 2,192 National currency | +23.1% |
| 1999 | 2,891 National currency | +31.9% |
| 2000 | 3,800 National currency | +31.4% |
| 2001 | 5,152 National currency | +35.6% |
| 2002 | 5,741 National currency | +11.4% |
| 2003 | 5,352 National currency | -6.8% |
| 2004 | 5,506 National currency | +2.9% |
| 2005 | 6,024 National currency | +9.4% |
| 2006 | 7,028 National currency | +16.7% |
| 2007 | 9,206 National currency | +31.0% |
| 2008 | 9,877 National currency | +7.3% |
| 2009 | 6,408 National currency | -35.1% |
| 2010 | 5,692 National currency | -11.2% |
| 2011 | 4,264 National currency | -25.1% |
| 2012 | 3,602 National currency | -15.5% |
| 2013 | 3,638 National currency | +1.0% |
| 2014 | 4,269 National currency | +17.3% |
| 2015 | 4,606 National currency | +7.9% |
| 2016 | 5,364 National currency | +16.5% |
| 2017 | 5,602 National currency | +4.4% |
| 2018 | 6,741 National currency | +20.3% |
| 2019 | 8,245 National currency | +22.3% |
| 2020 | 8,852 National currency | +7.4% |
| 2021 | 9,040 National currency | +2.1% |
| 2022 | 10,987 National currency | +21.5% |
| 2023 | 12,101 National currency | +10.1% |
| 2024 | 14,613 National currency | +20.8% |
Ireland compared with similar countries
- Ireland's 14,613 National currency is below the median for high income countries, which is 93,394 National currency, 16% of the median. (26 countries reporting)
- Ireland's 14,613 National currency is below the median for Europe & Central Asia, which is 78,345 National currency, 19% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,928 National currency | 1,286 National currency | 2,891 National currency | 5 |
| 2000s | 6,409 National currency | 3,800 National currency | 9,877 National currency | 10 |
| 2010s | 5,202 National currency | 3,602 National currency | 8,245 National currency | 10 |
| 2020s | 11,119 National currency | 8,852 National currency | 14,613 National currency | 5 |
Countries ranked near Ireland
More public sector data for Ireland
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is annual government expenditure by function (cofog) — gross fixed in Ireland?
- Annual government expenditure by function (cofog) — gross fixed in Ireland was 14,613 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — gross fixed recorded in Ireland?
- The highest recorded value was 14,613 National currency in 2024.
- What is the lowest annual government expenditure by function (cofog) — gross fixed recorded in Ireland?
- The lowest recorded value was 1,286 National currency in 1995.
- How does Ireland rank for annual government expenditure by function (cofog) — gross fixed?
- Ireland ranks 21st out of 27 countries with data for 2024.
- Is annual government expenditure by function (cofog) — gross fixed rising or falling in Ireland?
- Over the last ten years it is up 242.3%. The long-run trend across the full record is volatile.
- Where does this Ireland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Gross fixed capital formation. Statizoid updates them automatically from the source API.
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About this data
This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org