Gross capital formation growth Sri Lanka 2008-2023
The annual growth of gross capital formation in Sri Lanka increased by 30 percentage points compared to the previous year. This was a significant increase in the annual growth.
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.
Find more statistics on other topics about Sri Lanka with key insights such as gross savings as a share of the GDP, net trade in goods and services, and personal remittances received.
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.
Find more statistics on other topics about Sri Lanka with key insights such as gross savings as a share of the GDP, net trade in goods and services, and personal remittances received.
