In 2016, gross fixed capital formation for Lao People’s Democratic Republic was 4,176 million US dollars. Between 1997 and 2016, gross fixed 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 115.01 % in 2002 and then decreased to 3.06 % in 2016.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.