Investment in Building Construction

Investment expenditure of institutional unit, value

Investment expenditure includes spending on a large variety of assets. The main distinction is between fixed investment, or fixed capital formation (the purchase of durable capital goods) and investment in stocks (inventories).

Institutional unit refers to an economic entity that is capable, in its own right, of owning assets, incurring liabilities, and engaging in economic activities and in transactions with other entities. There is a hierarchical relationship between institutional units and establishments. An institutional unit contains one or more entire establishment(s); an establishment belongs to one and only one institutional unit. There are two main types of units in the real world that may qualify as institutional units, namely persons or groups of persons in the form of households, and legal or social entities.

The data for this variable are reported using the following measurements:

• Canadian dollar at constant prices for a specific reference year
• Canadian dollar at current prices