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Investment (gross fixed): 26.6% of GDP (2012 est.) Definition: This entry records total business spending on fixed assets, such as factories, machinery, equipment, dwellings, and inventories of raw materials, which provide the basis for future production. It is measured gross of the depreciation of the assets, i.e., it includes invesment that merely replaces worn-out or scrapped capital. Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of December 6, 2013 See Also
Related Data From the International Monetary FundVariable: Investment Note: Expressed as a ratio of total investment in current local currency and GDP in current local currency. Investment or gross capital formation is measured by the total value of the gross fixed capital formation and changes in inventories and acquisitions less disposals of valuables for a unit or sector. [SNA 1993] Units: Percent of GDP Country-specific Note: Source: Central Bank. Saudi Arabia Monetary Agency Annual Report, Statistical Appendix Section 9, Table 2. Latest actual data: 2009 National accounts manual used: SNA 1993 GDP valuation: Factor costs Start/end months of reporting year: January/December Base year: 1999 Chain-weighted: No Primary domestic currency: Saudi Arabian riyals Data last updated: 09/2011 Source: International Monetary Fund - 2011 World Economic Outlook
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