Turkmenistan TM: GDP: Gross Capital Formation

Turkmenistan TM: GDP: Gross Capital Formation data was reported at 47,302.896 TMM mn in 2012. This records an increase from the previous number of 43,267.016 TMM mn for 2011. Turkmenistan TM: GDP: Gross Capital Formation data is updated yearly, averaging 2,286.800 TMM mn from Dec 1987 (Median) to 2012, with 23 observations. The data reached an all-time high of 47,302.896 TMM mn in 2012 and a record low of 0.001 TMM mn in 1988. Turkmenistan TM: GDP: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Turkmenistan – Table TM.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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