Gross fixed capital formation (constant LCU)

This economic indicator measures the total value of investment in tangible fixed assets within a country, adjusted for inflation and expressed in constant local currency, ensuring comparability over time. It encompasses a wide range of expenditures, including enhancements to land, the procurement of machinery and equipment, and the construction of essential infrastructure such as roads, public facilities, and residential and commercial buildings. Additionally, the metric recognizes the importance of net acquisitions of valuables, as these contribute significantly to a nation's productive capacity. By tracking these investments, policymakers and analysts can gauge economic health, identify growth trends, and make informed decisions about future developmental strategies and resource allocations. Source: