Rwanda - Gross capital formation (current US$)

The latest value for Gross capital formation (current US$) in Rwanda was $2,534,530,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $2,534,530,000 in 2020 and $7,200,000 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 U.S. dollars.

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

See also:

Year Value
1960 $7,200,000
1961 $8,000,000
1962 $10,000,000
1963 $10,000,000
1964 $10,800,000
1965 $14,600,000
1966 $12,034,290
1967 $11,660,000
1968 $14,100,000
1969 $12,500,000
1970 $15,500,000
1971 $20,359,590
1972 $23,560,070
1973 $27,406,400
1974 $32,265,520
1975 $78,567,540
1976 $88,133,180
1977 $112,471,900
1978 $150,411,400
1979 $133,463,000
1980 $202,523,900
1981 $187,126,500
1982 $250,182,700
1983 $200,210,400
1984 $250,915,600
1985 $296,963,700
1986 $308,719,300
1987 $337,953,700
1988 $347,165,400
1989 $322,898,600
1990 $373,601,800
1991 $268,039,900
1992 $317,220,000
1993 $330,171,900
1994 $75,231,820
1995 $173,451,800
1996 $198,647,400
1997 $255,696,100
1998 $294,575,200
1999 $258,299,400
2000 $254,303,200
2001 $251,435,700
2002 $248,051,400
2003 $281,604,400
2004 $341,223,200
2005 $444,422,700
2006 $498,765,400
2007 $683,387,100
2008 $1,105,547,000
2009 $1,192,418,000
2010 $1,257,478,000
2011 $1,438,942,000
2012 $1,783,752,000
2013 $1,910,372,000
2014 $1,915,314,000
2015 $2,070,944,000
2016 $2,268,936,000
2017 $2,205,479,000
2018 $2,041,377,000
2019 $2,401,549,000
2020 $2,534,530,000

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: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts