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