The gross capital formation in Brunei increased by 0.2 billion U.S. dollars (+4.64 percent) in 2023. In total, the gross capital formation amounted to 4.47 billion U.S. dollars in 2023. This increase was preceded by a declining gross capital formation. Gross capital formation comprises expenses on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements, plant, machinery, and equipment purchases, and the construction of roads, railways, 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.
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.'
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World Bank. (June 28, 2024). Gross capital formation in Brunei from 2014 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/787753/gross-capital-formation-brunei/
World Bank. "Gross capital formation in Brunei from 2014 to 2023 (in billion U.S. dollars)." Chart. June 28, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/787753/gross-capital-formation-brunei/
World Bank. (2024). Gross capital formation in Brunei from 2014 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/787753/gross-capital-formation-brunei/
World Bank. "Gross Capital Formation in Brunei from 2014 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 28 Jun 2024, https://www.statista.com/statistics/787753/gross-capital-formation-brunei/
World Bank, Gross capital formation in Brunei from 2014 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/787753/gross-capital-formation-brunei/ (last visited August 24, 2024)
Gross capital formation in Brunei from 2014 to 2023 (in billion U.S. dollars) [Graph], World Bank, June 28, 2024. [Online]. Available: https://www.statista.com/statistics/787753/gross-capital-formation-brunei/