Capital Stocks, Consumption of Fixed Capital, 2015

1 Dec 2015 02:27 PM

Main points

• The United Kingdom’s (UK) net capital stock was estimated at £4.1 trillion at the end of 2014. Between 1998 and 2007, average annual growth was 2.2% but this fell between 2008 and 2014 to 1.1%. Since 1997, estimates of net capital stocks increased by £1.0 trillion (33.1%).
• Consumption of fixed capital for the UK was estimated at £236 billion in 2014, an increase of £86 billion (57.7%) compared with 1997. The 2014 estimate is now £6 billion (2.4%) higher than the 2007 peak for this series, despite the fall in the economic downturn period between 2008 and 2009.
• Services industries held an estimated 77.4% of total net capital stocks at the end of 2014. The construction industry held an estimated 8.3% and manufacturing held 6.1%. Other production industries accounted for the remaining 8.2% of net stocks held.
• A number of methodological improvements have been introduced in this release; these were detailed in 2 articles titled ‘methodological changes to estimation of capital stocks’ and ‘impact of the methodological changes to capital stocks’ published on 14 September and 1 December respectively. The links to these articles are contained within the background notes.

Get all the tables for this publication in the data section of this publication.