Venezuela - Gross fixed capital formation (% of GDP)

Gross fixed capital formation (% of GDP) in Venezuela was 21.62 as of 2014. Its highest value over the past 54 years was 47.62 in 1978, while its lowest value was 13.68 in 1990.

Definition: 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
1960 23.98
1961 20.10
1962 19.21
1963 18.36
1964 20.93
1965 21.84
1966 23.34
1967 22.69
1968 25.39
1969 27.70
1970 24.83
1971 26.08
1972 28.79
1973 28.40
1974 20.95
1975 29.01
1976 35.45
1977 43.50
1978 47.62
1979 35.36
1980 28.28
1981 27.41
1982 26.98
1983 21.32
1984 15.50
1985 16.77
1986 19.75
1987 20.55
1988 22.09
1989 16.34
1990 13.68
1991 17.58
1992 20.76
1993 19.36
1994 17.05
1995 15.95
1996 15.27
1997 25.48
1998 28.57
1999 23.70
2000 21.01
2001 24.05
2002 21.92
2003 15.47
2004 18.34
2005 20.27
2006 22.33
2007 25.02
2008 22.10
2009 23.53
2010 18.68
2011 17.73
2012 20.31
2013 22.22
2014 21.62

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts