The following table sets out the requested publicly available data, as published by the Central Statistics Office (CSO), on an annual basis, at current market prices.
|
|
2011
|
2012
|
2013
|
2014
|
2015
|
|
Gross Fixed Capital Formation (GFCF) (€m)
|
29,921
|
33,450
|
31,677
|
36,511
|
47,249
|
|
- of which
|
|
|
|
|
|
|
Intangible Investment (€m)
|
9,665
|
11,794
|
9,585
|
9,786
|
20,442
|
|
GDP (€m)
|
173,940
|
174,845
|
179,448
|
189,046
|
214,623
|
|
GFCF (% of GDP)
|
17.2
|
19.1
|
17.7
|
19.3
|
22.0
|
|
General Government (GG) Gross Debt (€m)
|
189,707
|
209,986
|
215,298
|
203,295
|
201,266
|
|
GG Gross Debt (% of GDP)
|
109.1
|
120.1
|
120.0
|
107.5
|
93.8
|
|
Other transport equipment (SITC79: mainly aircraft) (€m)(1)
|
6,095
|
7,615
|
4,937
|
6,255
|
4,762
|
|
General Government Gross Fixed Capital Formation (GG GFCF)(€m)(2)
|
4,138
|
3,566
|
3,302
|
4,002
|
3,903
|
Source: CSO National Income and Expenditure 2014; Quarterly National Accounts for 2015.
Notes: (1) CSO Goods Exports and Imports. Does not correspond exactly to aircraft investment for GFCF purposes.
(2) CSO Government Finance Statistics April 2016.
The CSO publishes annual but not quarterly data on aircraft and intangible investment. Similarly, the CSO does not publish any disaggregation of aircraft investment by sector, whether for leasing or any other purpose. Also, the CSO does not publish data on core investment i.e. excluding investment in aircraft for leasing and intangibles.
Aircraft investment, as presented in the annual national accounts, at current market prices, by the CSO is entirely GDP neutral i.e. for every one unit increase in investment there is a corresponding increase in imports. The exclusion of aircraft investment would therefore have no impact on the debt-to-GDP ratio. The majority of intangible investment is also imported. In fact, the substantial increase in intangible investment in 2015 was mainly attributable to the bringing onshore of intellectual property assets which were imported throughout the year. However, as the CSO does not publish data on the exact import content of intangible investment it is not possible to provide a precise estimate of the impact of excluding intangible investment on the debt-to-GDP ratio.
