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PREFERRED TERM
NE.GDI.FTOT.CNgross fixed capital formation current lcu_wdi
DEFINITION
  • 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 current local currency.
BROADER CONCEPT
SCOPE NOTE
  • World Bank national accounts data, and OECD National Accounts data files.

URI
http://joinedupdata.org/Indicators/wdi/gross-fixed-capital-formation-current-lcu_wdi
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RDF/XML TURTLE JSON-LD Created 1/7/16, last modified 1/7/16