Congo, Rep. | Gross capital formation (current US$)

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. 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.
Publisher
The World Bank
Origin
Republic of the Congo
Records
63
Source
Congo, Rep. | Gross capital formation (current US$)
1960 70063997.730526
1961 98063603.51265
1962 60444677.88068
1963 39167751.706497
1964 37715427.933906
1965 44478736.86795
1966 66753904.413679
1967 74796437.971306
1968 74323982.158781
1969 70779940.268943
1970 66569410.534584
1971 85707106.189269
1972 119431370.514
1973 173180264.65196
1974 205230759.3802
1975 300028594.63896
1976 233939696.73065
1977 203517003.01539
1978 240188740.94384
1979 311204326.25088
1980 610092159.65075
1981 960139126.77234
1982 1290602342.8593
1983 806159489.37522
1984 666656496.32177
1985 654405179.62305
1986 544621093.14775
1987 453309181.72944
1988 411954788.28765
1989 337608780.5164
1990 445154883.56137
1991 559362408.24219
1992 633567036.70621
1993 791771288.39471
1994 964058848.66651
1995 773878529.67005
1996 833105220.51474
1997 516419079.80739
1998 520206927.08315
1999 653968202.93514
2000 730349442.41411
2001 737117286.35934
2002 710245214.91501
2003 914132711.6358
2004 1048766629.4473
2005 1724877334.9471
2006 2283126904.4278
2007 5362165061.6767
2008 4901259639.1219
2009 5279276465.663
2010 6204750612.0837
2011 5767740954.6442
2012 7752472558.6699
2013 8452178940.5128
2014 9469345881.8049
2015 9547749989.3439
2016 7790356112.1142
2017 5431340417.456
2018 4362263313.5296
2019 3619968914.6797
2020 2721680193.0193
2021 3258231638.685
2022 3318280277.5657

Congo, Rep. | Gross capital formation (current US$)

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. 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.
Publisher
The World Bank
Origin
Republic of the Congo
Records
63
Source