The annual growth of gross capital formation in Bhutan increased by 8.9 percentage points (+44.59 percent) in 2022. With 28.84 percent, the annual growth thereby reached its highest value in the observed period. Nevertheless, the last two years recorded a significantly lower annual growth 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. The annual growth rate of gross capital formation is based on constant local currency.
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. (September 19, 2024). Gross capital formation growth in Bhutan from 2013 to 2022 [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/793940/gross-capital-formation-growth-bhutan/
World Bank. "Gross capital formation growth in Bhutan from 2013 to 2022." Chart. September 19, 2024. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/793940/gross-capital-formation-growth-bhutan/
World Bank. (2024). Gross capital formation growth in Bhutan from 2013 to 2022. Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/793940/gross-capital-formation-growth-bhutan/
World Bank. "Gross Capital Formation Growth in Bhutan from 2013 to 2022." Statista, Statista Inc., 19 Sep 2024, https://www.statista.com/statistics/793940/gross-capital-formation-growth-bhutan/
World Bank, Gross capital formation growth in Bhutan from 2013 to 2022 Statista, https://www.statista.com/statistics/793940/gross-capital-formation-growth-bhutan/ (last visited October 02, 2024)
Gross capital formation growth in Bhutan from 2013 to 2022 [Graph], World Bank, September 19, 2024. [Online]. Available: https://www.statista.com/statistics/793940/gross-capital-formation-growth-bhutan/