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Gross fixed capital formation in the area has fallen by €240bn.
Thirdly, government investment means the gross fixed capital formation of the general government sector, as defined in ESA 95.
Standard indicators include Capital formation, Gross fixed capital formation, fixed capital, household asset wealth, and foreign direct investment.
The concept of "gross fixed capital formation" (GFCF) used in official statistics however does not refer to total fixed investment in a country.
This is primarily a dataset release of net capital stock derived from gross capital stock plus gross fixed capital formation ...
Often the relativities are expressed as a ratio between gross fixed capital formation and GDP, or fixed investment per worker employed or per capita.
Government acquisition of goods and services intended to create future benefits, such as infrastructure investment or research spending, is classed as government investment (gross fixed capital formation).
This ratio is defined as gross fixed capital formation divided by gross value added, in other words the share of GFCF in gross product.
This table includes data on gross fixed capital formation (GFCF) at current prices and PPPs, in billions of US dollars.
In principle, statistical measures of gross fixed capital formation are supposed to refer to the net additions of newly produced fixed assets, which enlarge the total stock of fixed capital in the economy.
Two years after the military coup, the enlarged public sector accounted for 47 percent of the country's gross fixed capital formation (GFCF), 30 percent of total value added (VA), and 24 percent of employment.
Gross fixed capital formation (GFCF) is a macroeconomic concept used in official national accounts such as the UNSNA, NIPAs and the European System of Accounts (ESA).
Detailed standard definitions of gross fixed capital formation (GFCF) are provided by the United Nations System of National Accounts (UNSNA) and the IMF Balance of Payments system.
Attempts have been made to estimate the value of the stock of fixed capital for the whole economy using direct enterprise surveys of "book value", administrative business records, tax assessments, and data on gross fixed capital formation, price inflation and depreciation schedules.
Hence, CFC is equal to the difference between aggregate gross fixed capital formation (gross investment) and net fixed capital formation (net investment) or between Gross National Product and Net National Product.
In official statistics, attempts are often made to estimate the value of fixed capital assets in a nation, the value of their depreciation (or Consumption of fixed capital) and the value of Gross fixed capital formation by sector and type of asset.
Thirdly, gross capital formation is often used synonymously with gross fixed capital formation but strictly speaking this is an error because gross capital formation refers to more net asset gains than just fixed capital (it also includes net gains in inventory stocklevels and the balance of funds lent abroad).