Georgia - Gross capital formation (current LCU)

The value for Gross capital formation (current LCU) in Georgia was 11,753,400,000 as of 2020. As the graph below shows, over the past 40 years this indicator reached a maximum value of 12,542,700,000 in 2018 and a minimum value of 3,100 in 1981.

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 local currency.

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

Year Value
1980 3,300
1981 3,100
1982 3,400
1983 4,100
1984 4,600
1985 4,800
1986 4,100
1987 4,100
1988 4,500
1989 4,000
1990 4,600
1991 5,400
1992 34,900
1993 983,800
1994 23,880,000
1995 98,088,400
1996 758,060,900
1997 812,478,400
1998 1,364,527,000
1999 1,499,541,000
2000 1,606,335,000
2001 2,024,074,000
2002 2,125,048,000
2003 2,491,800,000
2004 3,044,300,000
2005 3,873,200,000
2006 4,100,400,000
2007 5,685,200,000
2008 5,281,800,000
2009 2,515,500,000
2010 4,478,700,000
2011 5,657,100,000
2012 7,045,300,000
2013 6,002,000,000
2014 7,907,400,000
2015 8,923,000,000
2016 10,805,300,000
2017 11,123,900,000
2018 12,542,700,000
2019 12,460,390,000
2020 11,753,400,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts