Niger - Gross capital formation (% of GDP)

Gross capital formation (% of GDP) in Niger was 31.23 as of 2020. Its highest value over the past 60 years was 32.64 in 2010, while its lowest value was 3.15 in 1984.

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 6.70
1961 6.91
1962 9.88
1963 12.32
1964 10.80
1965 7.97
1966 7.84
1967 8.67
1968 9.72
1969 6.22
1970 9.85
1971 7.78
1972 11.07
1973 14.94
1974 15.06
1975 14.31
1976 14.21
1977 19.68
1978 22.99
1979 25.83
1980 28.11
1981 20.29
1982 20.59
1983 12.55
1984 3.15
1985 12.75
1986 11.60
1987 11.65
1988 19.05
1989 13.68
1990 11.28
1991 12.09
1992 8.50
1993 6.53
1994 12.98
1995 12.03
1996 14.67
1997 13.63
1998 14.63
1999 11.20
2000 13.14
2001 13.79
2002 14.63
2003 13.93
2004 12.50
2005 19.34
2006 19.81
2007 18.91
2008 26.44
2009 28.47
2010 32.64
2011 31.61
2012 29.31
2013 29.71
2014 31.11
2015 32.36
2016 27.52
2017 26.02
2018 28.98
2019 30.61
2020 31.23

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: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts