Kenya | 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 Kenya
Records
63
Source
Kenya | Gross capital formation (current US$)
1960
1961
1962
1963
1964 130479961.80802
1965 143639956.54402
1966 216719913.31203
1967 248639900.54404
1968 271319891.47204
1969 282519886.99204
1970 391187843.52486
1971 425319829.87207
1972 470287811.88487
1973 647603993.71993
1974 764931694.02732
1975 591241725.50006
1976 703393929.47057
1977 1066215907.7907
1978 1579944996.9034
1979 1130468319.1023
1980 1780521164.7631
1981 1570599960.3426
1982 1405957065.0022
1983 1251151164.8147
1984 1226587576.2069
1985 1553686600.4545
1986 1575815762.3855
1987 1936067063.0245
1988 2126364307.408
1989 2059354359.397
1990 2071432801.3896
1991 1709409166.4759
1992 1389052114.4645
1993 1012914651.4615
1994 1379109670.1506
1995 1973885468.3818
1996 1807340284.9734
1997 1985856326.4541
1998 2352671257.4979
1999 2001643284.7511
2000 2212521179.042
2001 2440115015.828
2002 1990332796.2608
2003 2456584864.7866
2004 2730170839.3433
2005 3307179494.3674
2006 4812218887.6176
2007 6537681081.9162
2008 7040012836.9519
2009 8054090391.9743
2010 9655049441.9306
2011 10257764908.468
2012 12516325346.001
2013 13817466552.645
2014 17037797204.354
2015 15499001598.65
2016 14475560160.371
2017 16951610243.129
2018 17865236723.765
2019 19415030878.419
2020 19780800103.109
2021 22369934325.63
2022 21731503116.256

Kenya | 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 Kenya
Records
63
Source