Tonga TO: GDP: Gross Capital Formation

Tonga TO: GDP: Gross Capital Formation data was reported at 267.221 TOP mn in 2012. This records a decrease from the previous number of 279.612 TOP mn for 2011. Tonga TO: GDP: Gross Capital Formation data is updated yearly, averaging 41.364 TOP mn from Jun 1975 (Median) to 2012, with 38 observations. The data reached an all-time high of 279.612 TOP mn in 2011 and a record low of 4.834 TOP mn in 1976. Tonga TO: GDP: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tonga – Table TO.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 local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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What was Tonga's Tonga TO: GDP: Gross Capital Formation in 2012?

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