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In 2017, real gross fixed capital formation in Lao People’s Democratic Republic was 40,875,877 million LCU. In the ranking by real gross fixed capital formation including 195 countries, Lao People’s Democratic Republic has the 9th rank that is close to the positions of such countries as India and the Chile. Compared to Iran which at the top of the ranking with real gross fixed capital formation of 5,320,653,900 million LCU in 2017, Lao People’s Democratic Republic has 99.23 % percent lower real gross fixed capital formation.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.