Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema.अधिक जाने
Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database.E-Commerce Prompting Innovation by Traditional Postal Services The Global Opportunity Index 2018 The High Burden of US Housing Costs अधिक जाने
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Gross capital formation (also known as 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.