China - Gross capital formation (constant LCU)

The value for Gross capital formation (constant LCU) in China was 39,665,400,000,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 39,665,400,000,000 in 2020 and a minimum value of 2,943,580,000,000 in 1995.

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
1995 2,943,580,000,000
1996 3,326,090,000,000
1997 3,494,000,000,000
1998 3,791,630,000,000
1999 4,031,520,000,000
2000 4,324,900,000,000
2001 5,237,860,000,000
2002 5,920,090,000,000
2003 7,328,520,000,000
2004 8,735,960,000,000
2005 9,668,500,000,000
2006 11,156,200,000,000
2007 13,109,700,000,000
2008 14,931,700,000,000
2009 18,047,400,000,000
2010 20,913,200,000,000
2011 22,759,200,000,000
2012 24,466,800,000,000
2013 26,759,100,000,000
2014 28,758,800,000,000
2015 29,782,700,000,000
2016 31,938,700,000,000
2017 33,958,500,000,000
2018 36,253,800,000,000
2019 37,698,700,000,000
2020 39,665,400,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts