Cyprus - Gross capital formation (annual % growth)

The value for Gross capital formation (annual % growth) in Cyprus was -12.70 as of 2020. As the graph below shows, over the past 44 years this indicator reached a maximum value of 47.10 in 1976 and a minimum value of -29.28 in 1993.

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
1976 47.10
1977 43.73
1978 5.37
1979 17.32
1980 3.39
1981 -12.98
1982 2.20
1983 2.34
1984 23.53
1985 -1.85
1986 -14.45
1987 8.77
1988 18.55
1989 22.44
1990 -7.40
1991 -10.52
1992 33.42
1993 -29.28
1994 7.82
1995 -9.15
1996 -8.46
1997 1.55
1998 -16.06
1999 10.90
2000 8.56
2001 -8.08
2002 15.53
2003 0.67
2004 16.70
2005 3.97
2006 13.55
2007 4.43
2008 21.26
2009 -20.81
2010 7.97
2011 -18.05
2012 -15.70
2013 -25.99
2014 2.88
2015 2.81
2016 35.63
2017 25.06
2018 -1.61
2019 10.57
2020 -12.70

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts