In 2023, the gross capital formation in Sri Lanka remained nearly unchanged at around 21.34 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.
According to The World Bank, Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on), plant, machinery, and equipment purchases, and the construction of roads, railways, and the like, including 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, and 'work in progress.'
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World Bank. (September 19, 2024). Gross capital formation in Sri Lanka from 2009 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/788366/gross-capital-formation-sri-lanka/
World Bank. "Gross capital formation in Sri Lanka from 2009 to 2023 (in billion U.S. dollars)." Chart. September 19, 2024. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/788366/gross-capital-formation-sri-lanka/
World Bank. (2024). Gross capital formation in Sri Lanka from 2009 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/788366/gross-capital-formation-sri-lanka/
World Bank. "Gross Capital Formation in Sri Lanka from 2009 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 19 Sep 2024, https://www.statista.com/statistics/788366/gross-capital-formation-sri-lanka/
World Bank, Gross capital formation in Sri Lanka from 2009 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/788366/gross-capital-formation-sri-lanka/ (last visited October 06, 2024)
Gross capital formation in Sri Lanka from 2009 to 2023 (in billion U.S. dollars) [Graph], World Bank, September 19, 2024. [Online]. Available: https://www.statista.com/statistics/788366/gross-capital-formation-sri-lanka/