Gross fixed capital formation (% of GDP)

This economic indicator measures the total value of a nation's investments in fixed assets as a proportion of its Gross Domestic Product. It encompasses capital expenditures on tangible assets such as land enhancements, machinery, infrastructure, and various types of buildings, including educational, healthcare, and commercial structures. By capturing both private and public investments, this metric reflects not only the physical development of a nation but also its commitment to sustainable economic growth. Furthermore, it incorporates the acquisition of valuables, underscoring the importance of durable goods in fostering productivity and long-term economic stability. A higher percentage typically indicates robust economic activity and potential for future growth, while trends over time can reveal shifts in investment strategies and economic confidence. Source: