Gross capital formation in Singapore 2012-2021
In 2021, the gross capital formation in Singapore increased by 19.1 billion U.S. dollars (+24.64 percent) since 2020. Therefore, the gross capital formation in Singapore reached a peak in 2021 with 96.67 billion U.S. dollars.
Gross capital formation comprises expenses on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements, plant, machinery, and equipment purchases, and the construction of roads, railways, schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales.
Find more statistics on other topics about Singapore with key insights such as net trade in goods and services, gross savings, and total reserves.
Gross capital formation comprises expenses on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements, plant, machinery, and equipment purchases, and the construction of roads, railways, schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales.
Find more statistics on other topics about Singapore with key insights such as net trade in goods and services, gross savings, and total reserves.
