Korea - Gross capital formation

Gross capital formation (current US$)

The latest value for Gross capital formation (current US$) in Korea was $412,219,000,000 as of 2016. Over the past 56 years, the value for this indicator has fluctuated between $413,195,000,000 in 2014 and $306,912,700 in 1961.

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
1960 $416,318,100
1961 $306,912,700
1962 $396,078,400
1963 $749,310,600
1964 $533,094,100
1965 $460,698,200
1966 $852,436,000
1967 $1,078,035,000
1968 $1,658,088,000
1969 $2,298,410,000
1970 $2,370,234,000
1971 $2,527,726,000
1972 $2,320,751,000
1973 $3,581,292,000
1974 $6,338,171,000
1975 $6,285,537,000
1976 $8,205,992,000
1977 $11,720,870,000
1978 $17,853,510,000
1979 $25,384,090,000
1980 $22,389,580,000
1981 $23,498,960,000
1982 $25,049,790,000
1983 $28,528,780,000
1984 $31,151,020,000
1985 $32,654,880,000
1986 $37,459,640,000
1987 $48,355,160,000
1988 $68,354,820,000
1989 $90,338,960,000
1990 $110,667,000,000
1991 $134,769,000,000
1992 $134,718,000,000
1993 $144,785,000,000
1994 $175,585,000,000
1995 $216,909,000,000
1996 $237,331,000,000
1997 $208,644,000,000
1998 $103,896,000,000
1999 $150,021,000,000
2000 $185,012,000,000
2001 $168,229,000,000
2002 $188,428,000,000
2003 $217,868,000,000
2004 $245,657,000,000
2005 $288,868,000,000
2006 $330,865,000,000
2007 $365,764,000,000
2008 $330,918,000,000
2009 $256,742,000,000
2010 $350,490,000,000
2011 $396,318,000,000
2012 $379,085,000,000
2013 $379,960,000,000
2014 $413,195,000,000
2015 $399,869,000,000
2016 $412,219,000,000

Gross capital formation (current LCU)

The value for Gross capital formation (current LCU) in Korea was 478,284,000,000,000 as of 2016. As the graph below shows, over the past 56 years this indicator reached a maximum value of 478,284,000,000,000 in 2016 and a minimum value of 26,280,000,000 in 1960.

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
1960 26,280,000,000
1961 38,300,000,000
1962 51,490,000,000
1963 97,410,000,000
1964 114,000,000,000
1965 122,730,000,000
1966 231,300,000,000
1967 291,630,000,000
1968 458,710,000,000
1969 662,310,000,000
1970 736,100,000,000
1971 877,500,000,000
1972 911,800,000,000
1973 1,426,500,000,000
1974 2,563,600,000,000
1975 3,042,200,000,000
1976 3,971,700,000,000
1977 5,672,900,000,000
1978 8,641,100,000,000
1979 12,285,900,000,000
1980 13,600,100,000,000
1981 16,003,500,000,000
1982 18,313,400,000,000
1983 22,131,200,000,000
1984 25,107,100,000,000
1985 28,410,400,000,000
1986 33,018,800,000,000
1987 39,775,500,000,000
1988 49,999,500,000,000
1989 60,659,000,000,000
1990 78,325,700,000,000
1991 98,833,200,000,000
1992 105,168,000,000,000
1993 116,214,000,000,000
1994 141,074,000,000,000
1995 167,296,000,000,000
1996 190,921,000,000,000
1997 198,481,000,000,000
1998 145,605,000,000,000
1999 178,348,000,000,000
2000 209,241,000,000,000
2001 217,182,000,000,000
2002 235,741,000,000,000
2003 259,614,000,000,000
2004 281,356,000,000,000
2005 295,835,000,000,000
2006 315,907,000,000,000
2007 339,889,000,000,000
2008 364,687,000,000,000
2009 327,841,000,000,000
2010 405,188,000,000,000
2011 439,236,000,000,000
2012 427,029,000,000,000
2013 416,000,000,000,000
2014 435,078,000,000,000
2015 452,315,000,000,000
2016 478,284,000,000,000

Gross capital formation (constant 2010 US$)

The latest value for Gross capital formation (constant 2010 US$) in Korea was 420,868,000,000 as of 2016. Over the past 56 years, the value for this indicator has fluctuated between 420,868,000,000 in 2016 and 1,904,709,000 in 1960.

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 constant 2010 U.S. dollars.

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

See also:

Year Value
1960 1,904,709,000
1961 2,498,052,000
1962 2,487,801,000
1963 3,912,545,000
1964 3,368,282,000
1965 3,391,240,000
1966 5,614,859,000
1967 6,750,483,000
1968 9,556,477,000
1969 12,414,640,000
1970 12,421,920,000
1971 14,306,680,000
1972 12,438,700,000
1973 16,431,310,000
1974 21,606,040,000
1975 21,283,310,000
1976 26,179,760,000
1977 34,422,840,000
1978 45,050,220,000
1979 53,204,200,000
1980 44,633,720,000
1981 45,786,250,000
1982 50,467,750,000
1983 58,016,320,000
1984 63,445,440,000
1985 68,245,790,000
1986 78,618,080,000
1987 91,156,780,000
1988 107,020,000,000
1989 125,208,000,000
1990 144,736,000,000
1991 170,661,000,000
1992 170,842,000,000
1993 181,157,000,000
1994 208,558,000,000
1995 230,921,000,000
1996 254,198,000,000
1997 249,267,000,000
1998 175,975,000,000
1999 218,832,000,000
2000 250,623,000,000
2001 253,643,000,000
2002 272,154,000,000
2003 286,333,000,000
2004 297,330,000,000
2005 304,517,000,000
2006 319,741,000,000
2007 334,230,000,000
2008 330,998,000,000
2009 297,424,000,000
2010 350,490,000,000
2011 362,682,000,000
2012 354,341,000,000
2013 353,921,000,000
2014 372,546,000,000
2015 399,732,000,000
2016 420,868,000,000

Gross capital formation (annual % growth)

The value for Gross capital formation (annual % growth) in Korea was 5.29 as of 2016. As the graph below shows, over the past 55 years this indicator reached a maximum value of 65.57 in 1966 and a minimum value of -29.40 in 1998.

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 31.15
1962 -0.41
1963 57.27
1964 -13.91
1965 0.68
1966 65.57
1967 20.23
1968 41.57
1969 29.91
1970 0.06
1971 15.17
1972 -13.06
1973 32.10
1974 31.49
1975 -1.49
1976 23.01
1977 31.49
1978 30.87
1979 18.10
1980 -16.11
1981 2.58
1982 10.22
1983 14.96
1984 9.36
1985 7.57
1986 15.20
1987 15.95
1988 17.40
1989 16.99
1990 15.60
1991 17.91
1992 0.11
1993 6.04
1994 15.13
1995 10.72
1996 10.08
1997 -1.94
1998 -29.40
1999 24.35
2000 14.53
2001 1.20
2002 7.30
2003 5.21
2004 3.84
2005 2.42
2006 5.00
2007 4.53
2008 -0.97
2009 -10.14
2010 17.84
2011 3.48
2012 -2.30
2013 -0.12
2014 5.26
2015 7.30
2016 5.29

Gross capital formation (constant LCU)

The value for Gross capital formation (constant LCU) in Korea was 486,549,000,000,000 as of 2016. As the graph below shows, over the past 56 years this indicator reached a maximum value of 486,549,000,000,000 in 2016 and a minimum value of 2,201,960,000,000 in 1960.

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 constant local currency.

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

Year Value
1960 2,201,960,000,000
1961 2,887,900,000,000
1962 2,876,050,000,000
1963 4,523,140,000,000
1964 3,893,940,000,000
1965 3,920,480,000,000
1966 6,491,120,000,000
1967 7,803,970,000,000
1968 11,047,900,000,000
1969 14,352,100,000,000
1970 14,360,500,000,000
1971 16,539,400,000,000
1972 14,379,900,000,000
1973 18,995,600,000,000
1974 24,977,900,000,000
1975 24,604,800,000,000
1976 30,265,400,000,000
1977 39,794,900,000,000
1978 52,080,800,000,000
1979 61,507,300,000,000
1980 51,599,300,000,000
1981 52,931,700,000,000
1982 58,343,800,000,000
1983 67,070,400,000,000
1984 73,346,800,000,000
1985 78,896,300,000,000
1986 90,887,300,000,000
1987 105,383,000,000,000
1988 123,722,000,000,000
1989 144,748,000,000,000
1990 167,323,000,000,000
1991 197,294,000,000,000
1992 197,504,000,000,000
1993 209,429,000,000,000
1994 241,106,000,000,000
1995 266,959,000,000,000
1996 293,869,000,000,000
1997 288,168,000,000,000
1998 203,437,000,000,000
1999 252,983,000,000,000
2000 289,736,000,000,000
2001 293,227,000,000,000
2002 314,626,000,000,000
2003 331,019,000,000,000
2004 343,732,000,000,000
2005 352,040,000,000,000
2006 369,640,000,000,000
2007 386,391,000,000,000
2008 382,654,000,000,000
2009 343,840,000,000,000
2010 405,188,000,000,000
2011 419,283,000,000,000
2012 409,640,000,000,000
2013 409,154,000,000,000
2014 430,686,000,000,000
2015 462,114,000,000,000
2016 486,549,000,000,000

Gross capital formation (% of GDP)

Gross capital formation (% of GDP) in Korea was 29.21 as of 2016. Its highest value over the past 56 years was 41.37 in 1991, while its lowest value was 10.52 in 1960.

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.

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

See also:

Year Value
1960 10.52
1961 12.70
1962 14.08
1963 18.79
1964 15.41
1965 14.76
1966 21.70
1967 22.21
1968 27.11
1969 29.94
1970 26.34
1971 25.56
1972 21.40
1973 25.87
1974 32.53
1975 28.96
1976 27.56
1977 30.63
1978 34.53
1979 38.13
1980 34.46
1981 32.45
1982 32.21
1983 32.78
1984 32.25
1985 32.57
1986 32.42
1987 33.09
1988 34.70
1989 37.10
1990 39.62
1991 41.37
1992 38.49
1993 37.48
1994 38.54
1995 39.00
1996 39.68
1997 37.42
1998 27.76
1999 30.92
2000 32.94
2001 31.56
2002 30.94
2003 32.01
2004 32.12
2005 32.16
2006 32.70
2007 32.58
2008 33.02
2009 28.47
2010 32.02
2011 32.96
2012 31.00
2013 29.10
2014 29.28
2015 28.92
2016 29.21

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts