United Kingdom - Gross capital formation (constant LCU)

The value for Gross capital formation (constant LCU) in United Kingdom was 304,160,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 348,699,000,000 in 2018 and a minimum value of 100,708,000,000 in 1981.

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
1970 115,624,000,000
1971 114,954,000,000
1972 113,546,000,000
1973 135,716,000,000
1974 125,637,000,000
1975 109,781,000,000
1976 122,508,000,000
1977 124,509,000,000
1978 126,283,000,000
1979 130,394,000,000
1980 110,624,000,000
1981 100,708,000,000
1982 111,251,000,000
1983 122,831,000,000
1984 133,020,000,000
1985 137,755,000,000
1986 141,055,000,000
1987 154,714,000,000
1988 182,568,000,000
1989 189,543,000,000
1990 178,006,000,000
1991 162,233,000,000
1992 168,843,000,000
1993 175,200,000,000
1994 193,368,000,000
1995 203,241,000,000
1996 208,155,000,000
1997 219,310,000,000
1998 236,751,000,000
1999 247,044,000,000
2000 252,031,000,000
2001 256,335,000,000
2002 264,309,000,000
2003 269,482,000,000
2004 273,286,000,000
2005 281,471,000,000
2006 295,527,000,000
2007 302,581,000,000
2008 283,604,000,000
2009 240,166,000,000
2010 267,484,000,000
2011 266,728,000,000
2012 275,864,000,000
2013 295,297,000,000
2014 333,191,000,000
2015 342,362,000,000
2016 340,365,000,000
2017 345,141,000,000
2018 348,699,000,000
2019 348,410,000,000
2020 304,160,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts