In 2023, the gross capital formation in Indonesia increased by 26.1 billion U.S. dollars (+6.65 percent) compared to 2022. Therefore, the gross capital formation in Indonesia reached a peak in 2023 with 418.48 billion U.S. dollars. 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. (October 24, 2024). Gross capital formation in Indonesia from 2014 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/787754/gross-capital-formation-indonesia/
World Bank. "Gross capital formation in Indonesia from 2014 to 2023 (in billion U.S. dollars)." Chart. October 24, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/787754/gross-capital-formation-indonesia/
World Bank. (2024). Gross capital formation in Indonesia from 2014 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/787754/gross-capital-formation-indonesia/
World Bank. "Gross Capital Formation in Indonesia from 2014 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/787754/gross-capital-formation-indonesia/
World Bank, Gross capital formation in Indonesia from 2014 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/787754/gross-capital-formation-indonesia/ (last visited November 22, 2024)
Gross capital formation in Indonesia from 2014 to 2023 (in billion U.S. dollars) [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/787754/gross-capital-formation-indonesia/