Gross capital formation growth in the Philippines 2009-2023
In 2023, the annual growth of gross capital formation in the Philippines decreased by 7.8 percentage points (-56.98 percent) compared to 2022. This was a significant decrease in the annual growth.
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 the Philippines with key insights such as personal remittances received, personal remittances received as share of the gross domestic product, and gross capital formation.
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 the Philippines with key insights such as personal remittances received, personal remittances received as share of the gross domestic product, and gross capital formation.
