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Lao People’s Democratic Republic - Gross capital formation in current prices

4,176,676,864 (US dollars) in 2016

In 2016, gross capital formation for Lao People’s Democratic Republic was 4,176 million US dollars. Between 1997 and 2016, gross capital formation of Lao People’s Democratic Republic grew substantially from 310 million to 4,176 million US dollars rising at an increasing annual rate that reached a maximum of 121.43 % in 2002 and then decreased to 3.06 % in 2016.

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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 Lao People’s Democratic Republic gross capital formation?

Date Value Change, %
2016 4,176,676,864 3.06 %
2015 4,052,840,633 15.50 %
2014 3,508,874,706 7.57 %
2013 3,261,988,716 10.37 %
2012 2,955,457,135 35.25 %
2011 2,185,189,557 22.61 %
2010 1,782,283,205 0.89 %
2009 1,766,535,659 -10.96 %
2008 1,984,037,361 26.47 %
2007 1,568,756,095 31.16 %
2006 1,196,055,816 11.68 %
2005 1,070,954,642