Venezuela

Capital Investment

24.81
percent of GDP
Dec 63Dec 67Dec 70Dec 75Dec 81Dec 84Dec 89Dec 92Dec 95Dec 99Dec 02Dec 05Dec 08Dec 11Dec 140.00015.0030.0045.0060.00
  • Venezuela
  • Global Median
Source: IMF

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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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