Group of 7 countries (G7) Compared by Economy > National accounts > Local currency at current prices > Expenditure on GDP > Gross fixed capital formation > Cu
DEFINITION:
Gross fixed capital formation (formerly gross domestic fixed investment) includes 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. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current local currency.".
