Gross fixed capital formation (constant LCU)Source: World Development Indicators
Description: Gross fixed capital formation (formerly gross domestic fixed investment) includes 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. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant local currency.
Organization: World Bank national accounts data, and OECD National Accounts data files.
Topic: Economic Policy and External Debt
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Data source: World Bank