Gross capital formation growth Sri Lanka 2012-2021
The annual growth of gross capital formation in Sri Lanka decreased by 5.9 percentage points in 2021 in comparison to the previous year. The year 2021 marks a significant change in the annual growth compared to the previous year.
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. The annual growth rate of gross capital formation is based on constant local currency.
Find more statistics on other topics about Sri Lanka with key insights such as gross savings as a share of the GDP, net trade in goods and services, and personal remittances received.
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. The annual growth rate of gross capital formation is based on constant local currency.
Find more statistics on other topics about Sri Lanka with key insights such as gross savings as a share of the GDP, net trade in goods and services, and personal remittances received.
