Venezuela - Gross fixed capital formation (current LCU)

The value for Gross fixed capital formation (current LCU) in Venezuela was 655,432,000,000 as of 2014. As the graph below shows, over the past 54 years this indicator reached a maximum value of 655,432,000,000 in 2014 and a minimum value of 5,431,900 in 1961.

Definition: Gross fixed capital formation (formerly gross domestic fixed investment) includes 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. 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
1960 6,156,000
1961 5,431,900
1962 5,671,400
1963 5,910,900
1964 7,457,300
1965 8,283,400
1966 9,222,100
1967 9,444,600
1968 11,467,100
1969 12,821,900
1970 12,918,600
1971 14,902,400
1972 17,708,700
1973 20,805,300
1974 23,514,800
1975 34,256,200
1976 47,900,600
1977 67,738,200
1978 80,511,600
1979 73,447,500
1980 71,899,200
1981 78,189,200
1982 78,576,300
1983 61,932,000
1984 65,118,600
1985 77,949,200
1986 96,598,500
1987 143,132,700
1988 192,886,400
1989 246,801,100
1990 311,715,500
1991 534,129,900
1992 857,758,700
1993 1,055,871,000
1994 1,478,961,000
1995 2,182,710,000
1996 4,495,648,000
1997 10,685,200,000
1998 14,288,130,000
1999 14,066,540,000
2000 16,739,400,000
2001 21,388,990,000
2002 23,643,340,000
2003 20,764,360,000
2004 39,000,110,000
2005 61,633,770,000
2006 87,979,390,000
2007 123,758,000,000
2008 149,752,000,000
2009 166,410,000,000
2010 189,965,000,000
2011 240,692,000,000
2012 332,151,000,000
2013 498,973,000,000
2014 655,432,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts