Korea - Gross capital formation

Gross capital formation (current US$)

The latest value for Gross capital formation (current US$) in Korea was $378,172,000,000 as of 2013. Over the past 53 years, the value for this indicator has fluctuated between $396,318,000,000 in 2011 and $315,076,800 in 1961.

Definition: 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. Data are in current U.S. dollars.

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

See also:

Year Value
1960 $444,657,000
1961 $315,076,800
1962 $366,777,000
1963 $723,203,600
1964 $483,434,500
1965 $471,833,000
1966 $857,428,500
1967 $1,079,434,000
1968 $1,607,620,000
1969 $2,241,122,000
1970 $2,256,569,000
1971 $2,515,915,000
1972 $2,324,315,000
1973 $3,505,473,000
1974 $6,151,507,000
1975 $6,153,719,000
1976 $7,877,479,000
1977 $10,882,640,000
1978 $16,914,050,000
1979 $23,664,460,000
1980 $20,305,720,000
1981 $21,136,370,000
1982 $21,857,530,000
1983 $24,503,510,000
1984 $28,220,430,000
1985 $28,952,550,000
1986 $32,409,890,000
1987 $42,421,680,000
1988 $58,814,300,000
1989 $78,198,250,000
1990 $98,952,470,000
1991 $122,448,000,000
1992 $123,020,000,000
1993 $129,397,000,000
1994 $156,479,000,000
1995 $194,783,000,000
1996 $216,772,000,000
1997 $185,713,000,000
1998 $86,347,610,000
1999 $129,716,000,000
2000 $185,011,000,000
2001 $168,229,000,000
2002 $188,428,000,000
2003 $217,868,000,000
2004 $245,657,000,000
2005 $288,868,000,000
2006 $330,865,000,000
2007 $365,763,000,000
2008 $330,917,000,000
2009 $256,742,000,000
2010 $350,490,000,000
2011 $396,318,000,000
2012 $379,085,000,000
2013 $378,172,000,000

Gross capital formation (current LCU)

The value for Gross capital formation (current LCU) in Korea was 414,043,000,000,000 as of 2013. As the graph below shows, over the past 53 years this indicator reached a maximum value of 439,236,000,000,000 in 2011 and a minimum value of 28,068,870,000 in 1960.

Definition: 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. Data are in current local currency.

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

Year Value
1960 28,068,870,000
1961 39,318,820,000
1962 47,680,840,000
1963 94,016,120,000
1964 103,380,000,000
1965 125,696,000,000
1966 232,655,000,000
1967 292,008,000,000
1968 444,748,000,000
1969 645,802,000,000
1970 700,800,000,000
1971 873,400,000,000
1972 913,200,000,000
1973 1,396,300,000,000
1974 2,488,100,000,000
1975 2,978,400,000,000
1976 3,812,700,000,000
1977 5,267,200,000,000
1978 8,186,400,000,000
1979 11,453,600,000,000
1980 12,334,300,000,000
1981 14,394,500,000,000
1982 15,979,600,000,000
1983 19,008,600,000,000
1984 22,745,100,000,000
1985 25,189,300,000,000
1986 28,567,700,000,000
1987 34,894,800,000,000
1988 43,020,900,000,000
1989 52,507,000,000,000
1990 70,034,600,000,000
1991 89,796,900,000,000
1992 96,035,200,000,000
1993 103,863,000,000,000
1994 125,723,000,000,000
1995 150,230,000,000,000
1996 174,382,000,000,000
1997 176,667,000,000,000
1998 121,011,000,000,000
1999 154,208,000,000,000
2000 209,241,000,000,000
2001 217,182,000,000,000
2002 235,741,000,000,000
2003 259,614,000,000,000
2004 281,356,000,000,000
2005 295,835,000,000,000
2006 315,906,000,000,000
2007 339,889,000,000,000
2008 364,687,000,000,000
2009 327,841,000,000,000
2010 405,188,000,000,000
2011 439,236,000,000,000
2012 427,029,000,000,000
2013 414,043,000,000,000

Gross capital formation (constant 2005 US$)

The latest value for Gross capital formation (constant 2005 US$) in Korea was 336,074,000,000 as of 2013. Over the past 53 years, the value for this indicator has fluctuated between 344,044,000,000 in 2011 and 1,944,724,000 in 1960.

Definition: 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. Data are in constant 2005 U.S. dollars.

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

See also:

Year Value
1960 1,944,724,000
1961 2,456,372,000
1962 2,408,136,000
1963 5,010,477,000
1964 3,771,318,000
1965 3,889,831,000
1966 6,811,094,000
1967 7,751,025,000
1968 10,549,140,000
1969 11,002,760,000
1970 10,808,510,000
1971 12,110,030,000
1972 11,490,230,000
1973 15,020,770,000
1974 19,525,380,000
1975 18,727,410,000
1976 22,367,030,000
1977 28,597,320,000
1978 37,253,070,000
1979 43,561,770,000
1980 35,366,720,000
1981 35,711,860,000
1982 38,802,330,000
1983 44,592,950,000
1984 51,252,980,000
1985 53,476,590,000
1986 58,995,970,000
1987 69,700,500,000
1988 81,261,390,000
1989 94,702,420,000
1990 113,464,000,000
1991 131,818,000,000
1992 132,262,000,000
1993 138,106,000,000
1994 160,380,000,000
1995 176,597,000,000
1996 195,159,000,000
1997 184,855,000,000
1998 128,310,000,000
1999 159,280,000,000
2000 237,744,000,000
2001 240,609,000,000
2002 258,168,000,000
2003 271,618,000,000
2004 282,050,000,000
2005 288,868,000,000
2006 303,309,000,000
2007 317,054,000,000
2008 313,988,000,000
2009 282,139,000,000
2010 332,478,000,000
2011 344,044,000,000
2012 336,131,000,000
2013 336,074,000,000

Gross capital formation (annual % growth)

The value for Gross capital formation (annual % growth) in Korea was -0.02 as of 2013. As the graph below shows, over the past 52 years this indicator reached a maximum value of 108.06 in 1963 and a minimum value of -30.59 in 1998.

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.

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

See also:

Year Value
1961 26.31
1962 -1.96
1963 108.06
1964 -24.73
1965 3.14
1966 75.10
1967 13.80
1968 36.10
1969 4.30
1970 -1.77
1971 12.04
1972 -5.12
1973 30.73
1974 29.99
1975 -4.09
1976 19.43
1977 27.85
1978 30.27
1979 16.93
1980 -18.81
1981 0.98
1982 8.65
1983 14.92
1984 14.94
1985 4.34
1986 10.32
1987 18.14
1988 16.59
1989 16.54
1990 19.81
1991 16.18
1992 0.34
1993 4.42
1994 16.13
1995 10.11
1996 10.51
1997 -5.28
1998 -30.59
1999 24.14
2000 49.26
2001 1.20
2002 7.30
2003 5.21
2004 3.84
2005 2.42
2006 5.00
2007 4.53
2008 -0.97
2009 -10.14
2010 17.84
2011 3.48
2012 -2.30
2013 -0.02

Gross capital formation (constant LCU)

The value for Gross capital formation (constant LCU) in Korea was 409,570,000,000,000 as of 2013. As the graph below shows, over the past 53 years this indicator reached a maximum value of 419,283,000,000,000 in 2011 and a minimum value of 2,370,020,000,000 in 1960.

Definition: 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. Data are in constant local currency.

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

Year Value
1960 2,370,020,000,000
1961 2,993,560,000,000
1962 2,934,770,000,000
1963 6,106,220,000,000
1964 4,596,070,000,000
1965 4,740,500,000,000
1966 8,300,610,000,000
1967 9,446,090,000,000
1968 12,856,100,000,000
1969 13,408,900,000,000
1970 13,172,200,000,000
1971 14,758,400,000,000
1972 14,003,000,000,000
1973 18,305,700,000,000
1974 23,795,400,000,000
1975 22,822,900,000,000
1976 27,258,500,000,000
1977 34,851,300,000,000
1978 45,399,900,000,000
1979 53,088,300,000,000
1980 43,101,100,000,000
1981 43,521,700,000,000
1982 47,288,000,000,000
1983 54,345,000,000,000
1984 62,461,500,000,000
1985 65,171,400,000,000
1986 71,897,800,000,000
1987 84,943,300,000,000
1988 99,032,400,000,000
1989 115,413,000,000,000
1990 138,277,000,000,000
1991 160,645,000,000,000
1992 161,186,000,000,000
1993 168,309,000,000,000
1994 195,453,000,000,000
1995 215,217,000,000,000
1996 237,838,000,000,000
1997 225,280,000,000,000
1998 156,370,000,000,000
1999 194,113,000,000,000
2000 289,736,000,000,000
2001 293,227,000,000,000
2002 314,626,000,000,000
2003 331,019,000,000,000
2004 343,732,000,000,000
2005 352,040,000,000,000
2006 369,640,000,000,000
2007 386,391,000,000,000
2008 382,654,000,000,000
2009 343,840,000,000,000
2010 405,188,000,000,000
2011 419,283,000,000,000
2012 409,640,000,000,000
2013 409,570,000,000,000

Gross capital formation (% of GDP)

Gross capital formation (% of GDP) in Korea was 28.99 as of 2013. Its highest value over the past 53 years was 36.85 in 1991, while its lowest value was 11.43 in 1960.

Definition: 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.

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

See also:

Year Value
1960 11.43
1961 13.37
1962 13.36
1963 18.72
1964 14.40
1965 15.64
1966 22.53
1967 22.95
1968 26.99
1969 29.98
1970 23.98
1971 24.15
1972 20.45
1973 24.11
1974 30.12
1975 26.99
1976 25.12
1977 27.03
1978 31.16
1979 33.94
1980 29.95
1981 27.72
1982 26.77
1983 27.07
1984 28.23
1985 27.91
1986 27.06
1987 28.10
1988 29.07
1989 31.43
1990 34.75
1991 36.85
1992 34.54
1993 33.01
1994 34.11
1995 34.82
1996 35.92
1997 33.13
1998 22.94
1999 26.67
2000 32.94
2001 31.56
2002 30.94
2003 32.01
2004 32.12
2005 32.16
2006 32.70
2007 32.58
2008 33.02
2009 28.47
2010 32.02
2011 32.96
2012 31.00
2013 28.99

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts