In 2016, real gross capital formation in Brazil was 350,478 million US dollars. In the ranking by real gross capital formation including 195 countries, Brazil has the 24th rank that is close to the positions of such countries as Botswana and the Brunei Darussalam. Compared to Afghanistan which at the top of the ranking with real gross capital formation of 2,269 million US dollars in 2016, Brazil has 15,341.29 % percent higher real gross capital formation.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
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.