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Gross fixed capital formation (GFCF) is a component of the expenditure on gross domestic product (GDP) that indicates how much of the new value added in an economy is invested rather than consumed. It measures the value of acquisitions of new or existing fixed assets by the business sector , governments , and "pure" households (excluding their ...
Map of countries by Gross fixed capital formation (% of GDP), 2023, according to World Bank. This is the list of countries by gross fixed capital formation (GFCP), formerly known as gross fixed investment. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.
There exists nowadays a large market in second-hand (used) assets. In principle, statistical measures of gross fixed capital formation are supposed to refer to the net additions of newly produced fixed assets, which enlarge the total stock of fixed capital in the economy. But if a substantial trade occurs in fixed assets resold from one ...
Attempts have been made to estimate the value of the stock of fixed capital for the whole economy using direct enterprise surveys of "book value", administrative business records, tax assessments, and data on gross fixed capital formation, price inflation and depreciation schedules. A pioneer in this area was the economist Simon Kuznets. [3]
The concept of "gross fixed capital formation" (GFCF) used in official statistics however does not refer to total fixed investment in a country. Firstly GFCF measures only the value of additions to the fixed capital stock less the value of disposals of scrapped fixed assets. So normally total fixed investment in a year is in fact a larger value ...
Government acquisition of goods and services intended to create future benefits, such as infrastructure investment or research spending, is classed as government investment (government gross capital formation). These two types of government spending, on final consumption and on gross capital formation, together constitute one of the major ...
List of countries by economic complexity; List of countries by exchange rate regime; List of countries by financial assets per capita; List of countries by gross fixed capital formation; List of countries by guaranteed minimum income; List of countries by home ownership rate; List of countries by household final consumption expenditure per capita
Gross domestic income; Gross domestic product; Gross fixed capital formation; Gross loan; Gross national income in the European Union; Gross operating surplus; Gross output; Gross private domestic investment; Gross value added