Gross fixed capital formation (annual % growth)

This indicator measures the annual percentage increase in gross fixed capital formation, reflecting the robust investment environment of an economy by accounting for expenditures in significant infrastructure and asset development. Emphasizing sustained economic growth, it includes diverse components such as land enhancements, machinery procurement, and construction activities across various sectors, including residential, commercial, and institutional facilities. Calculated using constant local currency at 2015 prices and expressed in U.S. dollars, this metric serves as a critical gauge for policymakers and investors, highlighting trends in capital stock accumulation and economic vitality. Additionally, it captures the acquisition of valuables, broadening the scope of capital investments beyond traditional definitions. Source: