Armenia - Gross capital formation (constant LCU)

The value for Gross capital formation (constant LCU) in Armenia was 1,018,350,000,000 as of 2020. As the graph below shows, over the past 26 years this indicator reached a maximum value of 2,175,910,000,000 in 2008 and a minimum value of 382,731,000,000 in 2001.

Definition: 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." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1994 431,571,000,000
1995 384,263,000,000
1996 395,430,000,000
1997 454,974,000,000
1998 445,796,000,000
1999 432,934,000,000
2000 386,652,000,000
2001 382,731,000,000
2002 524,445,000,000
2003 782,737,000,000
2004 824,629,000,000
2005 1,033,610,000,000
2006 1,369,980,000,000
2007 1,767,040,000,000
2008 2,175,910,000,000
2009 1,334,370,000,000
2010 1,293,870,000,000
2011 1,190,190,000,000
2012 1,053,000,000,000
2013 977,187,000,000
2014 970,347,000,000
2015 939,295,000,000
2016 857,577,000,000
2017 945,907,000,000
2018 1,272,250,000,000
2019 1,090,310,000,000
2020 1,018,350,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts