Venezuela - Gross fixed capital formation (constant LCU)
The value for Gross fixed capital formation (constant LCU) in Venezuela was 16,462,970,000 as of 2014. As the graph below shows, over the past 54 years this indicator reached a maximum value of 21,781,830,000 in 2012 and a minimum value of 3,878,911,000 in 1961.
Definition: Gross fixed capital formation (formerly gross domestic fixed investment) includes 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. 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 | 4,560,183,000 |
| 1961 | 3,878,911,000 |
| 1962 | 4,050,012,000 |
| 1963 | 4,156,571,000 |
| 1964 | 4,997,024,000 |
| 1965 | 5,363,266,000 |
| 1966 | 5,039,144,000 |
| 1967 | 5,207,416,000 |
| 1968 | 6,467,767,000 |
| 1969 | 6,758,009,000 |
| 1970 | 8,002,548,000 |
| 1971 | 6,019,416,000 |
| 1972 | 6,934,186,000 |
| 1973 | 7,577,914,000 |
| 1974 | 7,385,926,000 |
| 1975 | 9,294,521,000 |
| 1976 | 11,937,190,000 |
| 1977 | 15,392,990,000 |
| 1978 | 16,002,840,000 |
| 1979 | 12,795,490,000 |
| 1980 | 10,932,070,000 |
| 1981 | 11,259,580,000 |
| 1982 | 10,841,730,000 |
| 1983 | 7,984,479,000 |
| 1984 | 7,599,711,000 |
| 1985 | 8,097,301,000 |
| 1986 | 8,814,210,000 |
| 1987 | 8,860,287,000 |
| 1988 | 9,645,974,000 |
| 1989 | 7,186,257,000 |
| 1990 | 6,755,298,000 |
| 1991 | 9,155,951,000 |
| 1992 | 11,840,410,000 |
| 1993 | 11,148,340,000 |
| 1994 | 9,131,331,000 |
| 1995 | 9,204,173,000 |
| 1996 | 8,626,174,000 |
| 1997 | 10,685,200,000 |
| 1998 | 11,273,570,000 |
| 1999 | 9,520,865,000 |
| 2000 | 9,770,394,000 |
| 2001 | 11,115,890,000 |
| 2002 | 9,076,137,000 |
| 2003 | 5,715,648,000 |
| 2004 | 8,559,120,000 |
| 2005 | 11,824,390,000 |
| 2006 | 15,315,450,000 |
| 2007 | 19,238,920,000 |
| 2008 | 19,706,450,000 |
| 2009 | 18,061,900,000 |
| 2010 | 16,925,030,000 |
| 2011 | 17,664,560,000 |
| 2012 | 21,781,830,000 |
| 2013 | 19,814,190,000 |
| 2014 | 16,462,970,000 |
Base Period: varies by country
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
