Greece - Gross capital formation (annual % growth)

The value for Gross capital formation (annual % growth) in Greece was 10.56 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 40.67 in 1961 and a minimum value of -31.83 in 2011.

Definition: Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.

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

See also:

Year Value
1961 40.67
1962 -7.72
1963 35.04
1964 14.52
1965 20.54
1966 -0.16
1967 2.15
1968 12.16
1969 25.13
1970 12.01
1971 11.26
1972 17.30
1973 14.94
1974 -23.72
1975 -1.03
1976 8.56
1977 -7.94
1978 4.68
1979 -7.09
1980 0.86
1981 -9.93
1982 -3.44
1983 -8.58
1984 -2.07
1985 10.32
1986 7.71
1987 -20.66
1988 16.47
1989 2.06
1990 1.81
1991 9.81
1992 -8.24
1993 -4.39
1994 -0.64
1995 5.46
1996 7.88
1997 2.86
1998 17.13
1999 -0.46
2000 12.36
2001 4.47
2002 2.23
2003 18.60
2004 -0.65
2005 -10.64
2006 23.88
2007 8.53
2008 -9.21
2009 -26.88
2010 -10.77
2011 -31.83
2012 -21.10
2013 -3.08
2014 4.33
2015 4.44
2016 6.62
2017 -4.93
2018 7.77
2019 -3.15
2020 10.56

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts