Colombia - Gross fixed capital formation in current prices

65,229,636,884 (US dollars) in 2022

In 2022, gross fixed capital formation for Colombia was 65,229 million US dollars. Gross fixed capital formation of Colombia increased from 3,328 million US dollars in 1973 to 65,229 million US dollars in 2022 growing at an average annual rate of 7.55%.

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What is gross fixed capital formation?

Gross fixed capital formation is measured by the total value of a producer’s acquisitions, less disposals, of fixed assets during the accounting period plus certain additions to the value of non- produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realised by the productive activity of institutional units.

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What is Colombia gross fixed capital formation?