Venezuela - Gross capital formation (annual % growth)

The value for Gross capital formation (annual % growth) in Venezuela was -22.92 as of 2014. As the graph below shows, over the past 53 years this indicator reached a maximum value of 91.33 in 2004 and a minimum value of -52.57 in 1989.

Definition: Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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
1961 -2.55
1962 9.37
1963 -0.17
1964 35.50
1965 -0.42
1966 -11.02
1967 3.87
1968 31.19
1969 1.81
1970 31.99
1971 -20.56
1972 8.56
1973 2.22
1974 0.48
1975 24.10
1976 20.29
1977 26.75
1978 -1.27
1979 -20.54
1980 -16.07
1981 -0.19
1982 6.65
1983 -50.63
1984 34.66
1985 4.18
1986 4.61
1987 14.10
1988 15.24
1989 -52.57
1990 -7.85
1991 80.21
1992 38.19
1993 -18.67
1994 -29.33
1995 36.50
1996 -11.04
1997 33.99
1998 4.35
1999 -10.60
2000 6.71
2001 13.57
2002 -33.99
2003 -35.50
2004 91.33
2005 30.47
2006 36.26
2007 28.16
2008 2.19
2009 -19.08
2010 1.04
2011 15.19
2012 24.06
2013 -13.95
2014 -22.92

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts