Belgium - Gross capital formation (constant LCU)

The value for Gross capital formation (constant LCU) in Belgium was 103,993,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 112,230,000,000 in 2019 and a minimum value of 32,467,680,000 in 1983.

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
1970 35,839,760,000
1971 35,106,160,000
1972 35,077,940,000
1973 39,229,620,000
1974 43,265,870,000
1975 37,492,270,000
1976 40,599,700,000
1977 40,906,380,000
1978 41,841,470,000
1979 41,975,920,000
1980 48,348,930,000
1981 39,498,330,000
1982 36,525,150,000
1983 32,467,680,000
1984 36,586,120,000
1985 35,431,580,000
1986 37,403,980,000
1987 40,859,650,000
1988 48,568,970,000
1989 53,844,600,000
1990 57,974,970,000
1991 55,872,670,000
1992 56,894,660,000
1993 55,212,560,000
1994 57,291,000,000
1995 59,647,800,000
1996 59,895,600,000
1997 64,495,200,000
1998 65,485,800,000
1999 67,981,700,000
2000 72,869,400,000
2001 70,899,100,000
2002 67,556,900,000
2003 67,761,600,000
2004 74,957,100,000
2005 81,074,600,000
2006 84,068,400,000
2007 91,404,700,000
2008 93,265,600,000
2009 85,120,000,000
2010 87,010,200,000
2011 93,752,000,000
2012 92,013,500,000
2013 88,529,900,000
2014 93,320,500,000
2015 98,458,000,000
2016 103,531,000,000
2017 105,004,000,000
2018 109,907,000,000
2019 112,230,000,000
2020 103,993,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts