Turkiye | 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 Turkiye
Records
63
Source
Turkiye | Gross capital formation (current US$)
1960 755555555.55556
1961 800000000
1962 955555555.55556
1963 1211111111.1111
1964 1222222222.2222
1965 1355555555.5556
1966 1811111111.1111
1967 1977777777.7778
1968 2344444444.4444
1969 2600000000
1970 2627272727.2727
1971 2220000000
1972 3471428571.4286
1973 4021428571.4286
1974 6335714285.7143
1975 8614285714.2857
1976 10456250000
1977 12127777777.778
1978 9983333333.3333
1979 12996774193.548
1980 12501315789.474
1981 12719819819.82
1982 10912269938.65
1983 10064888888.889
1984 9698092643.0518
1985 11102298850.575
1986 14262518518.518
1987 22378646441.074
1988 22848382559.775
1989 25145523091.423
1990 36984821770.793
1991 34303068072.867
1992 37170488940.629
1993 48018752844.788
1994 27855371677.53
1995 43131719925.837
1996 44551898532.031
1997 47679959174.267
1998 65897297525.353
1999 54712093136.541
2000 65057758801.316
2001 36366875899.568
2002 50710787964.114
2003 70181941987.561
2004 102141595693.41
2005 135710644076.32
2006 163494588831.41
2007 194868046888.13
2008 221419481883.52
2009 148144086686.11
2010 207858277311.96
2011 260051376007.12
2012 247197218598.43
2013 283694934729.44
2014 271985538956.99
2015 243729598799.12
2016 243681696083.12
2017 263659801465.57
2018 229471436530.34
2019 189323628406.19
2020 225758478327.71
2021 257474344685.58
2022 317853737357.14

Turkiye | 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 Turkiye
Records
63
Source