Statistiques: Gross fixed capital formation, private sector (% of GDP)
|Date||1960 - 2018|
|Valeur précédente||21 (2017)|
Définition: Gross fixed capital formation, private sector (% of GDP)
Private investment covers gross outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets.
Programme - India: Gross fixed capital formation, private sector (% of GDP) (1960 - 2018)
Pertinence du développement: Gross fixed capital formation, private sector (% of GDP)
Limitations et exclusions: Gross fixed capital formation, private sector (% of GDP)
Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on capital formation may be estimated from direct surveys of enterprises and administrative records or based on the commodity flow method using data from production, trade, and construction activities. The quality of data on government fixed capital formation depends on the quality of government accounting systems (which tend to be weak in developing countries). Measures of fixed capital formation by households and corporations - particularly capital outlays by small, unincorporated enterprises - are usually unreliable. Estimates of changes in inventories are rarely complete but usually include the most important activities or commodities. In some countries these estimates are derived as a composite residual along with household final consumption expenditure. According to national accounts conventions, adjustments should be made for appreciation of the value of inventory holdings due to price changes, but this is not always done. In highly inflationary economies this element can be substantial.
Concept statistique et méthodologie: Gross fixed capital formation, private sector (% of GDP)
Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.