Somalia SO: GDP: Gross Fixed Capital Formation

Somalia SO: GDP: Gross Fixed Capital Formation data was reported at 16,227,946.632 SOS mn in 2017. This records an increase from the previous number of 14,693,920.955 SOS mn for 2016. Somalia SO: GDP: Gross Fixed Capital Formation data is updated yearly, averaging 8,359.999 SOS mn from Dec 1970 to 2017, with 26 observations. The data reached an all-time high of 16,227,946.632 SOS mn in 2017 and a record low of 205.000 SOS mn in 1970. Somalia SO: GDP: Gross Fixed Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Somalia – Table SO.World Bank.WDI: Gross Domestic Product: Nominal. Gross fixed capital formation (formerly gross domestic fixed investment) includes 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. 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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