Gross capital formation (constant LCU) in South Korea

Gross capital formation (constant LCU) in South Korea was last measured at 429715104900670 in 2014, according to the World Bank. 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. This page has the latest recorded value, an historical data chart and related indicators for Gross capital formation (constant LCU) in South Korea.

 south korea gross capital formation constant lcu wb data
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World Bank Indicators - south korea - National accounts