The annual growth of gross capital formation in Laos decreased by 2.4 percentage points (-25.59 percent) since the previous year. 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 Laos from 2007 to 2016 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/793975/gross-capital-formation-growth-laos/
World Bank. "Gross capital formation growth in Laos from 2007 to 2016." Chart. June 28, 2024. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/793975/gross-capital-formation-growth-laos/
World Bank. (2024). Gross capital formation growth in Laos from 2007 to 2016. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/793975/gross-capital-formation-growth-laos/
World Bank. "Gross Capital Formation Growth in Laos from 2007 to 2016." Statista, Statista Inc., 28 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/793975/gross-capital-formation-growth-laos/
World Bank, Gross capital formation growth in Laos from 2007 to 2016 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/793975/gross-capital-formation-growth-laos/ (last visited September 20, 2024)
Gross capital formation growth in Laos from 2007 to 2016 [Graph], World Bank, June 28, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/793975/gross-capital-formation-growth-laos/