Liberia LR: GDP: Gross Capital Formation

Liberia LR: GDP: Gross Capital Formation data was reported at 422.000 USD mn in 2016. This records an increase from the previous number of 410.000 USD mn for 2015. Liberia LR: GDP: Gross Capital Formation data is updated yearly, averaging 165.772 USD mn from Dec 2000 to 2016, with 17 observations. The data reached an all-time high of 422.000 USD mn in 2016 and a record low of 39.680 USD mn in 2000. Liberia LR: GDP: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Liberia – Table LR.World Bank.WDI: Gross Domestic Product: Nominal. 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. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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