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

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