East Asia & Pacific (excluding high income) | 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
East Asia & Pacific (excluding high income)
Records
63
Source
East Asia & Pacific (excluding high income) | Gross capital formation (current US$)
1960 27868167737.704
1961 13969592495.144
1962 9670398294.7616
1963 14133694102.756
1964 18188658346.017
1965 23552723848.921
1966 28908924851.669
1967 22122114876.829
1968 22862127786.313
1969 26009423605.575
1970 38501606523.43
1971 42496957823.982
1972 45482056944.514
1973 59811918558.954
1974 65752852364.3
1975 78114733735.735
1976 73359274478.382
1977 86393126850.48
1978 116586297955.52
1979 134804533517.68
1980 154926164311.33
1981 149283594934.89
1982 148049301605.76
1983 161077646351.57
1984 165291781817.44
1985 172873416936.46
1986 164987022645.25
1987 176783175086.92
1988 228473994742.48
1989 253724780086.68
1990 237372685554.44
1991 260981600281.52
1992 317287683687.12
1993 414038922760.85
1994 395752252881.57
1995 488204018845.88
1996 551562528812.42
1997 538178314658.66
1998 454751573399.58
1999 475013871357.94
2000 525354995402.45
2001 594573572108.03
2002 665653649988.46
2003 819724070851.52
2004 1000144890528.8
2005 1136033852970.9
2006 1346504246245.4
2007 1732429556253.8
2008 2311841742055.1
2009 2673322148112.7
2010 3360156266887
2011 4135893558622.9
2012 4619922353492.6
2013 5127232298948.5
2014 5479963813935.8
2015 5440107053609.1
2016 5486494496493.9
2017 6061238335782.6
2018 6925205283357.2
2019 7041589408547.6
2020 7143554389747.7
2021 8582056866648.9
2022 8729544459965.7
East Asia & Pacific (excluding high income) | 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
East Asia & Pacific (excluding high income)
Records
63
Source