Korea, Rep. | Gross capital formation (constant LCU)

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 constant local currency.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
Korea, Rep. | Gross capital formation (constant LCU)
1960 2240900000000
1961 2860700000000
1962 2744500000000
1963 4310700000000
1964 3749100000000
1965 3974600000000
1966 6533800000000
1967 7789200000000
1968 10929700000000
1969 14013800000000
1970 14202200000000
1971 16372500000000
1972 14268500000000
1973 18813100000000
1974 24638900000000
1975 24523300000000
1976 30016900000000
1977 39391000000000
1978 51943500000000
1979 60728200000000
1980 51170600000000
1981 52381800000000
1982 57429600000000
1983 66534500000000
1984 73219500000000
1985 78528500000000
1986 90150100000000
1987 1.032196E+14
1988 1.231139E+14
1989 1.442337E+14
1990 1.672537E+14
1991 2.000189E+14
1992 2.019404E+14
1993 2.122273E+14
1994 2.440586E+14
1995 2.664658E+14
1996 2.964846E+14
1997 2.932893E+14
1998 2.12409E+14
1999 2.673232E+14
2000 3.057697E+14
2001 3.110102E+14
2002 3.356322E+14
2003 3.540367E+14
2004 3.687073E+14
2005 3.768799E+14
2006 3.957276E+14
2007 4.156498E+14
2008 4.145632E+14
2009 3.735733E+14
2010 4.372742E+14
2011 4.513644E+14
2012 4.394791E+14
2013 4.439107E+14
2014 4.596786E+14
2015 4.896015E+14
2016 5.202963E+14
2017 5.769967E+14
2018 5.694036E+14
2019 5.584689E+14
2020 5.634194E+14
2021 5.798424E+14
2022 5.784123E+14

Korea, Rep. | Gross capital formation (constant LCU)

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 constant local currency.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source