Sweden - Gross capital formation (% of GDP)

Gross capital formation (% of GDP) in Sweden was 24.79 as of 2020. Its highest value over the past 60 years was 36.30 in 1965, while its lowest value was 19.08 in 1993.

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 33.99
1961 33.46
1962 33.19
1963 33.09
1964 35.56
1965 36.30
1966 34.76
1967 33.66
1968 32.61
1969 32.90
1970 33.54
1971 30.42
1972 29.34
1973 28.33
1974 31.13
1975 31.66
1976 30.75
1977 27.01
1978 23.55
1979 26.33
1980 27.69
1981 24.03
1982 23.59
1983 23.42
1984 24.42
1985 26.79
1986 24.99
1987 26.20
1988 27.46
1989 30.25
1990 29.67
1991 25.13
1992 23.11
1993 19.08
1994 20.42
1995 20.85
1996 20.61
1997 20.47
1998 21.59
1999 21.77
2000 22.91
2001 22.96
2002 22.14
2003 21.95
2004 21.85
2005 22.28
2006 23.26
2007 24.88
2008 24.59
2009 21.04
2010 22.96
2011 23.83
2012 22.59
2013 22.52
2014 23.50
2015 24.43
2016 24.72
2017 25.72
2018 26.01
2019 25.12
2020 24.79

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