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

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