Faroe Islands FO: GDP: % of GDP: Gross Capital Formation

Faroe Islands FO: GDP: % of GDP: Gross Capital Formation data was reported at 24.888 % in 2013. This records a decrease from the previous number of 28.930 % for 2012. Faroe Islands FO: GDP: % of GDP: Gross Capital Formation data is updated yearly, averaging 22.866 % from Dec 1998 to 2013, with 16 observations. The data reached an all-time high of 31.366 % in 2007 and a record low of 17.372 % in 2009. Faroe Islands FO: GDP: % of GDP: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Faroe Islands – Table FO.World Bank: Gross Domestic Product: Share of GDP. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

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