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China is the top country by real gross capital formation in the world. As of 2016, real gross capital formation in China was 4,474,681 million US dollars that accounts for 22.88 % of the world's real gross capital formation. The top 5 countries (others are the United States of America, Japan, India, and Germany) account for 55.27 % of it. The world's total real gross capital formation was estimated at 19,559,210 million US dollars in 2016.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.