Fiji - Gross capital formation (current US$)

The latest value for Gross capital formation (current US$) in Fiji was $737,479,200 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between $1,157,889,000 in 2013 and $142,697,300 in 1988.

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 current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1980 $382,910,800
1981 $423,785,400
1982 $305,150,100
1983 $237,479,800
1984 $222,809,000
1985 $217,840,700
1986 $235,260,000
1987 $188,483,800
1988 $142,697,300
1989 $158,849,900
1990 $190,990,600
1991 $217,499,300
1992 $195,536,300
1993 $261,329,600
1994 $246,209,300
1995 $270,241,100
1996 $355,554,800
1997 $383,493,800
1998 $466,901,500
1999 $442,525,900
2000 $290,707,500
2001 $267,767,700
2002 $363,907,800
2003 $509,389,200
2004 $521,811,900
2005 $627,103,700
2006 $573,701,900
2007 $527,450,500
2008 $825,240,200
2009 $545,957,100
2010 $588,470,100
2011 $792,596,700
2012 $686,055,200
2013 $1,157,889,000
2014 $876,907,800
2015 $985,136,300
2016 $1,001,492,000
2017 $1,084,423,000
2018 $1,072,195,000
2019 $870,996,100
2020 $737,479,200

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on capital formation may be estimated from direct surveys of enterprises and administrative records or based on the commodity flow method using data from production, trade, and construction activities. The quality of data on government fixed capital formation depends on the quality of government accounting systems (which tend to be weak in developing countries). Measures of fixed capital formation by households and corporations - particularly capital outlays by small, unincorporated enterprises - are usually unreliable. Estimates of changes in inventories are rarely complete but usually include the most important activities or commodities. In some countries these estimates are derived as a composite residual along with household final consumption expenditure. According to national accounts conventions, adjustments should be made for appreciation of the value of inventory holdings due to price changes, but this is not always done. In highly inflationary economies this element can be substantial.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts