New Caledonia

Capital Investment

27.79
percent of GDP
Dec 82Dec 84Dec 86Dec 98Dec 00Dec 02Dec 05Dec 07Dec 09Dec 11Dec 13Dec 15Dec 170.00015.0030.0045.0060.00
  • New Caledonia
  • Global Median
Source: IMF

Definition of Capital Investment

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.

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