For that indicator, we provide data for South Korea from 1960 to 2021. The average value for South Korea during that period was 168.91 billion U.S. dollars with a minimum of 0.31 billion U.S. dollars in 1961 and a maximum of 572.24 billion U.S. dollars in 2021.
The latest value from 2021 is 572.24 billion U.S. dollars. For comparison, the world average in 2021 based on 124
countries is 88.40 billion U.S. dollars.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
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. Data are in current U.S. dollars.