Tonga - Gross capital formation (current LCU)

The value for Gross capital formation (current LCU) in Tonga was 280,225,800 as of 2020. As the graph below shows, over the past 45 years this indicator reached a maximum value of 295,341,900 in 2019 and a minimum value of 4,834,400 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 local currency.

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

Year Value
1975 6,851,800
1976 4,834,400
1977 6,218,200
1978 10,717,000
1979 12,454,000
1980 14,058,000
1981 16,011,000
1982 19,106,000
1983 19,826,000
1984 17,525,000
1985 22,690,000
1986 24,619,000
1987 25,863,000
1988 28,918,000
1989 27,363,000
1990 27,214,000
1991 28,691,000
1992 32,733,000
1993 34,680,000
1994 53,304,000
1995 69,702,000
1996 71,457,800
1997 48,048,800
1998 58,913,200
1999 61,831,600
2000 68,893,400
2001 86,936,200
2002 99,642,700
2003 93,985,400
2004 98,434,700
2005 114,064,900
2006 124,778,900
2007 130,622,000
2008 138,272,800
2009 162,861,900
2010 214,440,100
2011 270,093,400
2012 293,392,900
2013 187,294,000
2014 180,599,600
2015 215,613,700
2016 230,409,000
2017 283,715,500
2018 265,441,900
2019 295,341,900
2020 280,225,800

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts