Estonia - Gross fixed capital formation (annual % growth)

The value for Gross fixed capital formation (annual % growth) in Estonia was 19.89 as of 2020. As the graph below shows, over the past 26 years this indicator reached a maximum value of 35.60 in 2011 and a minimum value of -37.20 in 2009.

Definition: Average annual growth of gross fixed capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross fixed capital formation (formerly gross domestic fixed investment) includes 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. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1994 9.24
1995 5.58
1996 19.70
1997 23.49
1998 22.92
1999 -14.27
2000 14.18
2001 13.02
2002 23.57
2003 17.74
2004 5.51
2005 15.43
2006 22.76
2007 10.31
2008 -13.11
2009 -37.20
2010 -2.20
2011 35.60
2012 11.94
2013 1.49
2014 -2.67
2015 -3.16
2016 5.11
2017 13.84
2018 -0.01
2019 6.09
2020 19.89

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts