In 2017, gross fixed capital formation for Lao People’s Democratic Republic was 29 %. Though Lao People’s Democratic Republic gross fixed capital formation fluctuated substantially in recent years, it tended to increase through 1998 - 2017 period ending at 29 % in 2017.
The description is composed by our digital data assistant.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) realized by the productive activity of institutional units.