Republic of Korea - Gross fixed capital formation in current prices

538,487,897,293 (US dollars) in 2022

In 2022, gross fixed capital formation for Republic of Korea was 538,487 million US dollars. Between 1973 and 2022, gross fixed capital formation of Republic of Korea grew substantially from 3,375 million to 538,487 million US dollars rising at an increasing annual rate that reached a maximum of 57.58% in 1974 and then decreased to -6.43% in 2022.

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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 Republic of Korea gross fixed capital formation?