Benin - Gross capital formation (annual % growth)

The value for Gross capital formation (annual % growth) in Benin was 1.86 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 48.10 in 1986 and a minimum value of -41.44 in 1983.

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 -0.88
1962 -1.77
1963 9.01
1964 -9.92
1965 -5.50
1966 3.88
1967 35.51
1968 8.97
1969 5.06
1970 -6.63
1971 -3.01
1972 44.85
1973 1.29
1974 46.49
1975 0.08
1976 1.89
1977 -7.97
1978 -5.58
1979 43.15
1980 36.68
1981 13.80
1982 43.10
1983 -41.44
1984 -26.18
1985 -27.34
1986 48.10
1987 -7.23
1988 5.20
1989 -23.30
1990 46.21
1991 9.36
1992 -2.43
1993 5.80
1994 0.73
1995 38.13
1996 -18.28
1997 16.71
1998 -6.15
1999 17.55
2000 -5.83
2001 22.52
2002 -12.12
2003 6.42
2004 6.69
2005 -22.65
2006 10.45
2007 30.95
2008 -8.79
2009 11.80
2010 8.67
2011 5.11
2012 4.98
2013 40.67
2014 9.23
2015 13.95
2016 1.57
2017 24.74
2018 15.92
2019 10.02
2020 1.86

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts