In 2016, real gross fixed capital formation for Lao People’s Democratic Republic was 27,127,702 million LCU. Real gross fixed capital formation of Lao People’s Democratic Republic increased from 4,825,173 million LCU in 1997 to 27,127,702 million LCU in 2016 growing at an average annual rate of 10.59 %.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
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.