Morocco | 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
Kingdom of Morocco
Records
63
Source
Morocco | Gross capital formation (current US$)
year value
1960 208675424.71184
1961 196400388.10471
1962 272096417.54059
1963 319150655.37132
1964 292554811.88581
1965 313013166.70915
1966 290485723.7145
1967 403715845.69874
1968 411817808.15692
1969 518329252.70082
1970 731352102.26678
1971 781788525.41179
1972 775299947.83516
1973 1052613381.168
1974 1570335443.5145
1975 2281068390.8425
1976 2798399388.8642
1977 3592217875.3309
1978 3366716498.6148
1979 3897275651.4652
1980 6595361381.2367
1981 5642214018.6873
1982 5914266625.6242
1983 4282011940.6755
1984 4612377044.938
1985 4599017787.936
1986 5348601155.3481
1987 5466763844.7344
1988 6283355422.6407
1989 7965556769.0091
1990 9373982843.7112
1991 8821116412.3562
1992 9341461595.2214
1993 8380532003.4412
1994 9138682353.5804
1995 9911328067.9157
1996 10562258343.281
1997 9756294184.948
1998 11624225512.514
1999 10754565130.274
2000 10241099491.812
2001 10896668965.472
2002 11493331213.139
2003 15117000834.414
2004 18444792076.966
2005 18877205378.721
2006 21211640535.937
2007 26783335101.246
2008 36160161025.505
2009 32556999416.664
2010 31763215089.939
2011 36267433056.753
2012 34411762490.229
2013 37041919199.61
2014 36661628007.538
2015 33319787455.343
2016 35656472674.519
2017 37527659415.53
2018 40926893826.639
2019 39443069806.249
2020 34921906186.337
2021 43299070232.533
2022 39671832341.6

Morocco | 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
Kingdom of Morocco
Records
63
Source