Gross capital formation growth Brunei 2014-2023
The annual growth of gross capital formation in Brunei increased by two percentage points in 2023 in comparison to the previous year. This was a significant increase in the annual growth. 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.
Find more statistics on other topics about Brunei with key insights such as gross capital formation, gross savings as a share of the GDP, 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. The annual growth rate of gross capital formation is based on constant local currency.
Find more statistics on other topics about Brunei with key insights such as gross capital formation, gross savings as a share of the GDP, and total reserves.
