National Gross Domestic Product (GDP) by Income and by Expenditure Accounts

Gross fixed capital formation of economy, component

Gross fixed capital formation refers to the value of producers' acquisitions of new and existing products of this type, in a particular category of fixed asset, less the value of their disposals of fixed assets of the same type. The costs of ownership transfer are treated as gross fixed capital formation. They are attributed to the purchaser or seller of the asset according to which unit bears the responsibility of meeting the costs.

Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.

The data for this variable are reported using the following classifications and/or lists:

• Components of Real Gross Fixed Capital Formation
  Data tables

  • Contributions to percent change in real gross fixed capital formation Table: 380-0104
  • Gross fixed capital formation Table: 380-0068