Published: 29 January 2010

Net stock of fixed capital in the economy grew by 2.2 per cent in 2008

According to the revised capital stock time series of Statistics Finland, the net stock of fixed capital in the economy grew by 2.2 percentage points in 2008. The value of the capital stock was EUR 519.2 billion. The nominal growth of the net stock of capital was 7.4 per cent, or EUR 35.9 billion from the year before. In 2007 the value of the net stock of fixed capital amounted to EUR 483,3 billion. The share of residential buildings of the capital stock was 44.1 per cent and that of non-residential buildings and civil engineering structures was 40.5 per cent. Machinery, equipment and transport equipment made up 13.3 per cent and intangible fixed capital as well as major improvements to land made up 2.1 per cent of the fixed capital in the economy.

The share of machinery, equipment and transport equipment of the capital stock has contracted more than five per cent in ten years. The share of buildings and intangible fixed capital has grown correspondingly. Consumption of fixed capital, or decrease in the value of capital, amounted to EUR 29.5 billion in 2008. The share of machinery, equipment and transport equipment of the consumption decreased again and was 29.9 per cent.

Capital stock time series have been revised starting from 1975. The revisions were necessary due to revisions of the time series on investments in national accounts and changes made to the price indices of investments on the basis of supply and use tables.

Net stock of fixed capital by type of asset 1997–2008*, EUR million at current prices