Gross capital formation (annual % growth)
Definition: Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2005 U.S. dollars. Gross capital formation (formerly 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.
Description: The map below shows how Gross capital formation (annual % growth) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Sierra Leone, with a value of 231.42. The country with the lowest value in the world is Zambia, with a value of -87.07.
Source: World Bank national accounts data, and OECD National Accounts data files.
Aggregation method: Weighted average