South Korea - Gross fixed capital formation (% of GDP)

Gross fixed capital formation (% of GDP) in South Korea was reported at 29.68 % in 2016, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 south korea gross fixed capital formation percent of gdp wb data
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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.


South Korea | Economy & Growth