The annual growth of gross capital formation in Bangladesh decreased by 9.4 percentage points (-80.69 percent) in 2023 in comparison to the previous year. In 2023, the annual growth thereby reached its lowest value in the recent years. 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.
According to The World Bank, Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include 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. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.'
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World Bank. (June 28, 2024). Gross capital formation growth in Bangladesh from 2014 to 2023 [Graph]. In Statista. Retrieved September 21, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/793939/gross-capital-formation-growth-bangladesh/
World Bank. "Gross capital formation growth in Bangladesh from 2014 to 2023." Chart. June 28, 2024. Statista. Accessed September 21, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/793939/gross-capital-formation-growth-bangladesh/
World Bank. (2024). Gross capital formation growth in Bangladesh from 2014 to 2023. Statista. Statista Inc.. Accessed: September 21, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/793939/gross-capital-formation-growth-bangladesh/
World Bank. "Gross Capital Formation Growth in Bangladesh from 2014 to 2023." Statista, Statista Inc., 28 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/793939/gross-capital-formation-growth-bangladesh/
World Bank, Gross capital formation growth in Bangladesh from 2014 to 2023 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/793939/gross-capital-formation-growth-bangladesh/ (last visited September 21, 2024)
Gross capital formation growth in Bangladesh from 2014 to 2023 [Graph], World Bank, June 28, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/793939/gross-capital-formation-growth-bangladesh/