Gross capital formation growth Mongolia 2014-2023
The annual growth of gross capital formation in Mongolia declined to -9.22 percent in 2023. The year marks a significant change in the annual growth compared to the previous year.
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 Mongolia with key insights such as net trade in goods and services, charges for the use of intellectual property, and gross savings as a share of the GDP.
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 Mongolia with key insights such as net trade in goods and services, charges for the use of intellectual property, and gross savings as a share of the GDP.
