Gross capital formation (current LCU)

This economic indicator reflects the total investment activity within a country, encompassing expenditures on fixed assets and adjustments in inventory levels. Fixed assets cover a broad range of durable goods, including improvements to land, heavy machinery, construction of infrastructure such as roads and educational facilities, and various commercial buildings. Additionally, it accounts for changes in inventory, which serve as buffers for businesses dealing with demand fluctuations or production shifts, as well as ongoing construction projects. Notably, this measure also incorporates acquisitions of valuables, such as art and antiques, enhancing its comprehensive scope. Measured in current local currency, it provides a vital insight into the nation’s economic health and capacity for future production. Source: