Somalia - Gross capital formation (constant LCU)

The value for Gross capital formation (constant LCU) in Somalia was 17,552,200,000 as of 1989. As the graph below shows, over the past 29 years this indicator reached a maximum value of 26,033,600,000 in 1985 and a minimum value of 3,211,001,000 in 1961.

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
1960 3,327,601,000
1961 3,211,001,000
1962 3,449,501,000
1963 3,522,301,000
1964 3,435,201,000
1965 3,621,400,000
1966 4,044,000,000
1967 4,499,198,000
1968 4,650,602,000
1969 4,638,499,000
1970 4,607,398,000
1971 4,579,389,000
1972 6,081,200,000
1973 5,985,800,000
1974 6,135,603,000
1975 6,696,899,000
1976 8,796,889,000
1977 14,204,000,000
1978 17,696,000,000
1979 14,158,000,000
1980 25,215,400,000
1981 18,357,800,000
1982 21,058,000,000
1983 17,401,000,000
1984 19,594,800,000
1985 26,033,600,000
1986 18,792,200,000
1987 21,187,200,000
1988 14,428,200,000
1989 17,552,200,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts