Glossary:Gross capital formation

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Gross capital formation in the national accounts is measured by the total value of the gross fixed capital formation, changes in inventories and acquisitions less disposals of valuables for a unit or sector.

By deducting consumption of fixed capital net capital formation is arrived at.

Related concepts

Sources

  • United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993, § 10.32
  • Eurostat: European System of Accounts - ESA 1995, §§ 3.100-3.101, Office for Official Publications of the European Communities, Luxembourg, 1996
  • OECD
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