Seychelles - Gross capital formation (current US$)

The latest value for Gross capital formation (current US$) in Seychelles was $338,238,600 as of 2020. Over the past 44 years, the value for this indicator has fluctuated between $556,888,100 in 2017 and $19,180,780 in 1976.

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
1976 $19,180,780
1977 $25,813,180
1978 $37,037,220
1979 $41,925,580
1980 $56,461,640
1981 $50,214,370
1982 $47,798,250
1983 $31,089,120
1984 $32,795,630
1985 $38,335,750
1986 $47,387,060
1987 $49,267,780
1988 $72,498,410
1989 $83,691,770
1990 $90,576,930
1991 $83,527,120
1992 $91,977,580
1993 $134,555,600
1994 $131,631,000
1995 $154,161,200
1996 $196,623,700
1997 $179,635,100
1998 $210,448,300
1999 $269,443,100
2000 $154,835,700
2001 $253,009,000
2002 $192,651,300
2003 $76,938,100
2006 $309,437,100
2007 $299,950,800
2008 $260,225,000
2009 $231,155,300
2010 $355,242,900
2011 $373,394,700
2012 $424,327,800
2013 $449,486,300
2014 $528,654,500
2015 $507,701,900
2016 $517,744,500
2017 $556,888,100
2018 $549,448,300
2019 $528,521,000
2020 $338,238,600

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