Korea - Gross capital formation (annual % growth)

The value for Gross capital formation (annual % growth) in Korea was 0.53 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 64.39 in 1966 and a minimum value of -27.58 in 1998.

Definition: Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 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 27.66
1962 -4.06
1963 57.07
1964 -13.03
1965 6.01
1966 64.39
1967 19.21
1968 40.32
1969 28.22
1970 1.34
1971 15.28
1972 -12.85
1973 31.85
1974 30.97
1975 -0.47
1976 22.40
1977 31.23
1978 31.87
1979 16.91
1980 -15.74
1981 2.37
1982 9.64
1983 15.85
1984 10.05
1985 7.25
1986 14.80
1987 14.50
1988 19.27
1989 17.15
1990 15.96
1991 19.59
1992 0.96
1993 5.09
1994 15.00
1995 9.18
1996 11.27
1997 -1.08
1998 -27.58
1999 25.85
2000 14.38
2001 1.71
2002 7.92
2003 5.48
2004 4.14
2005 2.22
2006 5.00
2007 5.03
2008 -0.26
2009 -9.89
2010 17.05
2011 3.22
2012 -2.63
2013 1.01
2014 3.55
2015 6.51
2016 6.27
2017 10.90
2018 -1.32
2019 -1.92
2020 0.53

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts