Sudan - Gross capital formation (% of GDP)

Gross capital formation (% of GDP) in Sudan was 31.93 as of 2020. Its highest value over the past 60 years was 39.55 in 2017, while its lowest value was 4.33 in 1988.

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.

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

See also:

Year Value
1960 10.68
1961 14.58
1962 15.03
1963 13.39
1964 13.32
1976 19.75
1977 15.57
1978 13.77
1979 14.24
1980 14.66
1981 19.31
1982 18.86
1983 14.75
1984 8.54
1985 9.49
1986 14.37
1987 15.09
1988 4.33
1989 5.19
1990 11.20
1991 16.11
1992 19.05
1993 21.71
1994 17.39
1995 14.12
1996 12.47
1997 15.77
1998 17.95
1999 16.81
2000 24.89
2001 24.39
2002 25.62
2003 26.22
2004 28.05
2005 28.46
2006 29.04
2007 27.03
2008 26.22
2009 27.64
2010 25.26
2011 21.69
2012 24.60
2013 26.66
2014 34.85
2015 37.06
2016 35.53
2017 39.55
2018 36.71
2019 35.80
2020 31.93

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on capital formation may be estimated from direct surveys of enterprises and administrative records or based on the commodity flow method using data from production, trade, and construction activities. The quality of data on government fixed capital formation depends on the quality of government accounting systems (which tend to be weak in developing countries). Measures of fixed capital formation by households and corporations - particularly capital outlays by small, unincorporated enterprises - are usually unreliable. Estimates of changes in inventories are rarely complete but usually include the most important activities or commodities. In some countries these estimates are derived as a composite residual along with household final consumption expenditure. According to national accounts conventions, adjustments should be made for appreciation of the value of inventory holdings due to price changes, but this is not always done. In highly inflationary economies this element can be substantial.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts