Cote d'Ivoire | 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
Cote d'Ivoire
Records
63
Source
Cote d'Ivoire | Gross capital formation (current US$)
91352188.40938 1960
122666013.75902 1961
89627224.495542 1962
135335731.2922 1963
201202168.58917 1964
201174458.74998 1965
223462796.61023 1966
214226826.82906 1967
228223168.02358 1968
265809550.05369 1969
327420358.08085 1970
345370191.58653 1971
386068772.2199 1972
581454847.3133 1973
675932057.72315 1974
873955807.14829 1975
1071770153.4184 1976
1712392270.1114 1977
2351368145.0589 1978
2556862562.2748 1979
2700213886.6688 1980
2187453753.0392 1981
1754683637.5271 1982
1259099355.8633 1983
797104180.2781 1984
903702381.22794 1985
1104803537.1993 1986
1242521079.3526 1987
1297315156.1276 1988
868795544.33194 1989
722113214.40852 1990
772047733.31762 1991
772218861.41103 1992
1081719154.914 1993
1140264110.0638 1994
1715851855.1986 1995
2352729126.2496 1996
2983004469.4481 1997
3977323947.2163 1998
2760201914.0518 1999
2634569201.8621 2000
2390515677.7692 2001
2170764354.0223 2002
2968538957.6041 2003
3460355327.4468 2004
3327224288.6445 2005
3585113508.4703 2006
3947688742.2401 2007
6195431128.7518 2008
4996119110.9435 2009
7574559980.5149 2010
6088851232.4381 2011
7424117559.107 2012
9796285000.147 2013
11048510511.278 2014
10716066717.973 2015
11227890574.959 2016
10931840548.624 2017
13022884367.355 2018
13078059342.854 2019
12451655084.285 2020
15344532523.903 2021
17691178086.531 2022
Cote d'Ivoire | 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
Cote d'Ivoire
Records
63
Source