National Accounts   |   Statistics Division

Latest Data Upload: December 2013
 

Glossary - Definition of Term

Term
Gross fixed capital formation
Definition Gross fixed capital formation is is measured by the total value of a producerís acquisitions, less disposals, of fixed assets during the accounting period plus certain additions to the value of non- produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realised by the productive activity of institutional units.
 
It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.
 

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