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Gross capital formation in constant LCU prices of 2010

(LCU)

In 2017, real gross capital formation in Ghana was 22,596 million LCU. In the ranking by real gross capital formation including 195 countries, Ghana has the 130th rank that is close to the positions of such countries as Bhutan and the Trinidad and Tobago. Compared to Iran which at the top of the ranking with real gross capital formation of 2,056,914,900 million LCU in 2017, Ghana has 100.00 % percent lower real gross capital formation.

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What is real 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.

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