Gross fixed capital formation (current LCU) in Georgia was reported at 11215700000 LCU in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Georgia - Gross fixed capital formation (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2020.


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 georgia gross fixed capital formation current lcu wb data


Gross fixed capital formation (formerly gross domestic fixed investment) includes 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. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current local currency.


Georgia | Economy & Growth