Philippines - Gross capital formation (annual % growth)

The value for Gross capital formation (annual % growth) in Philippines was -34.40 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 30.46 in 2010 and a minimum value of -36.38 in 1984.

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 16.10
1962 -0.59
1963 17.89
1964 10.54
1965 6.18
1966 0.06
1967 10.48
1968 0.70
1969 4.53
1970 -3.93
1971 5.75
1972 3.63
1973 11.85
1974 20.81
1975 24.08
1976 18.87
1977 0.97
1978 8.09
1979 4.36
1980 -3.70
1981 2.83
1982 8.46
1983 6.74
1984 -36.38
1985 -31.43
1986 9.83
1987 19.03
1988 14.00
1989 19.93
1990 15.66
1991 -17.10
1992 7.81
1993 7.34
1994 7.81
1995 2.68
1996 11.59
1997 11.00
1998 -14.78
1999 -13.07
2000 1.10
2001 20.50
2002 6.71
2003 -0.41
2004 6.14
2005 -4.34
2006 -10.32
2007 8.33
2008 26.77
2009 -6.00
2010 30.46
2011 -2.54
2012 5.43
2013 18.44
2014 8.28
2015 13.41
2016 20.79
2017 10.90
2018 11.28
2019 3.49
2020 -34.40

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts