Montenegro ME: GDP: Real: Gross Capital Formation

Montenegro ME: GDP: Real: Gross Capital Formation data was reported at 617.011 EUR mn in 2017. This records an increase from the previous number of 533.246 EUR mn for 2016. Montenegro ME: GDP: Real: Gross Capital Formation data is updated yearly, averaging 405.685 EUR mn from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 694.319 EUR mn in 2008 and a record low of 238.593 EUR mn in 2000. Montenegro ME: GDP: Real: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Montenegro – Table ME.World Bank: Gross Domestic Product: Real. 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 constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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