Uruguay - Gross fixed capital formation in % of GDP

16.7 (%) in 2017

Uruguay gross fixed capital formation was at level of 16.7 % in 2017, down from 19 % previous year.

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What is gross fixed capital formation?

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) realized by the productive activity of institutional units.

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What is Uruguay gross fixed capital formation?