Lao PDR - Gross capital formation (annual % growth)

The value for Gross capital formation (annual % growth) in Lao PDR was 7.00 as of 2016. As the graph below shows, over the past 15 years this indicator reached a maximum value of 35.54 in 2007 and a minimum value of -12.84 in 2010.

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
2001 7.26
2002 31.79
2003 1.34
2004 23.79
2005 11.86
2006 27.38
2007 35.54
2008 1.63
2009 1.33
2010 -12.84
2011 17.51
2012 28.97
2013 0.21
2014 10.97
2015 9.38
2016 7.00

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts