Lebanon LB: GDP: Gross Capital Formation

Lebanon LB: GDP: Gross Capital Formation data was reported at 17,020,002.012 LBP mn in 2017. This records a decrease from the previous number of 18,538,461.071 LBP mn for 2016. Lebanon LB: GDP: Gross Capital Formation data is updated yearly, averaging 7,234,500.000 LBP mn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 19,232,818.700 LBP mn in 2013 and a record low of 350,600.004 LBP mn in 1990. Lebanon LB: GDP: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Lebanon – Table LB.World Bank: 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 local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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What was Lebanon's Lebanon LB: GDP: Gross Capital Formation in 2016?

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