An error occured. Details Hide
You have unsaved pages. Restore Cancel

Gross capital formation in current prices

(US dollars)

Iran is the top country by gross capital formation in the world. As of 2017, gross capital formation in Iran was 5,320,653,900 million US dollars that accounts for 41.66% of the world's gross capital formation. The top 5 countries (others are Indonesia, Viet Nam, Republic of Korea, and Colombia) account for 93.55% of it. The world's total gross capital formation was estimated at 12,770,761,035 million US dollars in 2017.

The description is composed by our digital data assistant.

What is 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.

Our Privacy Statement & Cookie Policy

Our website uses cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your personal cookie settings through your internet browser settings.

Privacy Policy