Gross fixed capital formation (annual % growth) - Oceania
Definition: Average annual growth of gross fixed capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross fixed capital formation (formerly gross domestic fixed investment) includes 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. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.
Description: The map below shows how Gross fixed capital formation (annual % growth) varies by country in Oceania. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the region is Vanuatu, with a value of 9.79. The country with the lowest value in the region is Palau, with a value of -7.93.
Source: World Bank national accounts data, and OECD National Accounts data files.
Aggregation method: Weighted average