Somalia - Gross capital formation (annual % growth)

Gross capital formation (annual % growth) in Somalia was at 21.65 %, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 somalia gross capital formation annual percent growth wb data




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Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2000 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.


Somalia | Economy & Growth

GDP (current US$)
5925000000 USD
GDP (current LCU)
131813475000000 LCU
GDP (constant LCU)
92802973696 LCU
GNI (current US$)
5458000000 USD
GNI (current LCU)
121424126000000 LCU
GNI (constant LCU)
87873889754 LCU