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Lao People’s Democratic Republic - Gross capital formation in constant LCU prices of 2010

12,010,582,319,903 (LCU) in 2016

In 2016, real gross capital formation for Lao People’s Democratic Republic was 12,010,582 million LCU. Real gross capital formation of Lao People’s Democratic Republic increased from 3,038,068 million LCU in 1997 to 12,010,582 million LCU in 2016 growing at an average annual rate of 8.15 %.

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What is real 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 Lao People’s Democratic Republic real gross capital formation?

Date Value Change, %
2016 12,010,582,319,903 6.31 %
2015 11,297,584,892,058 5.82 %
2014 10,676,269,044,167 -3.77 %
2013 11,095,020,676,709 36.89 %
2012 8,105,274,773,693 29.20 %
2011 6,273,565,086,286 11.75 %
2010 5,613,752,250,000 -4.21 %
2009 5,860,405,258,589 22.43 %
2008 4,786,807,577,642 20.20 %
2007 3,982,505,712,166 9.03 %
2006 3,652,588,569,475 11.94 %
2005 3,263,122,520,159