Libya GDP: Growth: Gross Capital Formation

Libya GDP: Growth: Gross Capital Formation data was reported at -19.635 % in 2023. This records a decrease from the previous number of 5.503 % for 2022. Libya GDP: Growth: Gross Capital Formation data is updated yearly, averaging 5.411 % from Dec 2011 (Median) to 2023, with 13 observations. The data reached an all-time high of 255.162 % in 2021 and a record low of -69.124 % in 2019. Libya GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Libya – Table LY.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. 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 2008 SNA, net acquisitions of valuables are also considered capital formation.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

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What was Libya's Libya GDP: Growth: Gross Capital Formation in 2023?

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