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Benin - Gross capital formation in % of GDP

1,523,000,000,000.0 (%) in 2017

In 2017, gross capital formation for Benin was 1,523,000 million %. Gross capital formation of Benin increased from 416,913 million % in 1998 to 1,523,000 million % in 2017 growing at an average annual rate of 7.89 %.

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What is gross capital formation?

Gross capital formation (also known as 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.

What is Benin gross capital formation?

Date Value Change, %
2017 1,523,000,000,000.0 11.77 %
2016 1,362,600,000,000.0 21.23 %
2015 1,124,000,000,000.0 -4.91 %
2014 1,182,030,000,000.0 -7.85 %
2013 1,282,759,000,000.0 36.64 %
2012 938,794,000,000.0 5.50 %
2011 889,831,000,000.0 11.43 %
2010 798,573,000,000.0 8.80 %
2009 733,990,000,000.0 12.78 %
2008 650,833,000,000.0 -5.53 %
2007 688,952,000,000.0 35.13 %
2006 509,841,000,000.0

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