Azerbaijan - Gross capital formation (constant LCU)

Gross capital formation (constant LCU) in Azerbaijan was at 5451000000 LCU, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 azerbaijan gross capital formation constant lcu wb data




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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 constant local currency.


Azerbaijan | Economy & Growth

GDP (current US$)
53047140347 USD
GDP (current LCU)
54352100000 LCU
GDP (constant 2005 US$)
59025316810 USD
GDP (constant LCU)
21183321240 LCU
GNI (current US$)
51240874488 USD
GNI (current LCU)
52501400000 LCU
GNI (constant 2005 US$)
56569400041 USD
GNI (constant LCU)
20123472060 LCU
Gross savings (current US$)
15218426632 USD
Gross savings (current LCU)
15592799927 LCU