Gross capital formation in Singapore 2014-2023
In 2023, the gross capital formation in Singapore decreased by 5.9 billion U.S. dollars (-5.3 percent) compared to 2022. Nevertheless, the last two years recorded a significantly higher gross capital formation than the preceding years.
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.
Find more statistics on other topics about Singapore with key insights such as net trade in goods and services, gross savings, and total reserves.
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.
Find more statistics on other topics about Singapore with key insights such as net trade in goods and services, gross savings, and total reserves.
