Micronesia: Capital investment, percent of GDP

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Micronesia: Capital investment as percent of GDP

: For that indicator, we provide data for Micronesia from 1983 to 1983. The average value for Micronesia during that period was 37.75 percent with a minimum of 37.75 percent in 1983 and a maximum of 37.75 percent in 1983. The latest value from 1983 is 37.75 percent. For comparison, the world average in 1983 based on 124 countries is 23.98 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series
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The capital investment in Micronesia and other countries is calculated as the purchases of new plant and equipment by firms, as percent of GDP. A high number is good for long-term economic growth as current investment leads to greater future production.

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.
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