Panama - Gross capital formation (constant LCU)

The value for Gross capital formation (constant LCU) in Panama was 19,583,100,000 as of 2019. As the graph below shows, over the past 59 years this indicator reached a maximum value of 20,116,200,000 in 2018 and a minimum value of 452,213,800 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 452,213,800
1961 574,271,400
1962 646,972,500
1963 727,010,400
1964 662,980,100
1965 752,355,700
1966 1,001,807,000
1967 1,057,166,000
1968 1,197,233,000
1969 1,370,648,000
1970 1,615,430,000
1971 1,982,496,000
1972 2,269,444,000
1973 2,355,812,000
1974 2,236,487,000
1975 2,157,506,000
1976 2,137,050,000
1977 1,485,878,000
1978 1,855,784,000
1979 2,000,679,000
1980 2,358,653,000
1981 2,597,567,000
1982 2,572,493,000
1983 1,610,817,000
1984 1,547,227,000
1985 1,484,038,000
1986 1,908,908,000
1987 1,956,250,000
1988 747,836,400
1989 543,425,000
1990 1,957,253,000
1991 2,163,068,000
1992 2,998,767,000
1993 3,411,401,000
1994 3,899,862,000
1995 4,320,921,000
1996 4,643,291,000
1997 4,839,470,000
1998 5,368,391,000
1999 5,558,609,000
2000 5,046,456,000
2001 3,826,155,000
2002 3,618,424,000
2003 4,307,382,000
2004 4,732,345,000
2005 4,867,043,000
2006 5,526,006,000
2007 7,676,000,000
2008 9,840,300,000
2009 7,734,500,000
2010 10,275,700,000
2011 11,692,000,000
2012 14,656,900,000
2013 16,197,200,000
2014 17,192,400,000
2015 18,300,000,000
2016 18,214,500,000
2017 19,712,300,000
2018 20,116,200,000
2019 19,583,100,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts