United Republic of Tanzania - Gross fixed capital formation in current prices

32,033,900,757 (US dollars) in 2022

In 2022, gross fixed capital formation for United Republic of Tanzania was 32,033 million US dollars. Gross fixed capital formation of United Republic of Tanzania increased from 907 million US dollars in 1973 to 32,033 million US dollars in 2022 growing at an average annual rate of 8.64%.

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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 United Republic of Tanzania gross fixed capital formation?