Benin BJ: GDP: USD: Gross Capital Formation

Benin BJ: GDP: USD: Gross Capital Formation data was reported at 7.962 USD bn in 2023. This records an increase from the previous number of 6.365 USD bn for 2022. Benin BJ: GDP: USD: Gross Capital Formation data is updated yearly, averaging 286.045 USD mn from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 7.962 USD bn in 2023 and a record low of 25.447 USD mn in 1965. Benin BJ: GDP: USD: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Benin – Table BJ.World Bank.WDI: Gross Domestic Product: Nominal. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include 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. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;

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