Gross capital formation (constant LCU) - Country Ranking - Oceania
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.
See also: Thematic map, Time series comparison
| Rank | Country | Value | Year |
|---|---|---|---|
| 1 | Australia | 441,118,000,000.00 | 2020 |
| 2 | New Zealand | 65,204,840,000.00 | 2020 |
| 3 | Vanuatu | 34,856,000,000.00 | 2020 |
| 4 | Papua New Guinea | 1,888,968,000.00 | 2004 |
| 5 | Solomon Islands | 657,000,000.00 | 2020 |
| 6 | Tonga | 225,496,800.00 | 2020 |
| 7 | Kiribati | 65,338,000.00 | 2018 |
More rankings: Africa | Asia | Central America & the Caribbean | Europe | Middle East | North America | Oceania | South America | World |
Base Period: varies by country
Periodicity: Annual
