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Metadata Glossary

CodeNE.GDI.TOTL.KD.ZG
Indicator NameGross capital formation (annual % growth)
Long definitionAnnual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.
SourceWorld Bank national accounts data, and OECD National Accounts data files.
TopicEconomic Policy & Debt: National accounts: Growth rates
PeriodicityAnnual
Aggregation methodWeighted average
License TypeCC BY-4.0
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