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Economy > Economic growth > Investment rates > Gross fixed capital formation > Housing: Countries Compared

DEFINITION: Gross fixed capital formation (GFCF) reflects the acquisition, less disposal, of fixed assets, i.e. products which are expected to be used in production for several years. Acquisitions include both purchases of assets (new or second-hand) and the construction of assets by producers for their own use. Disposals include sales of assets for scrap as well as sales of used assets in a working condition to other producers: New Zealand, Mexico and some Central European countries import substantial quantities of used assets.

Fixed assets consist of machinery and equipment; dwellings and other buildings; roads, bridges, airfields and dams; orchards and tree plantations; improvements to land such as fencing, leveling and draining; draught animals and other animals that are kept for the milk and wool that they produce; computer software and databases; entertainment, literary or artistic originals, and expenditures on mineral exploration. What all these things have in common is that they contribute to future production. This may not be obvious in the case of dwellings but, in the national accounts, flats and houses are considered to produce housing services which are consumed by owners or tenants over the life of the building.

In calculating the shares, gross fixed capital formation and GDP are both valued at current market prices.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH
1 Norway 15.34% 2009
2 Ireland 12.53% 2009
3 Portugal 11.08% 2009
4 Iceland 9.72% 2009
5 Spain 9.34% 2009
6 Greece 7.71% 2009
7 Canada 7.11% 2009
8 Australia 7.05% 2009
9 New Zealand 6.54% 2009
10 Netherlands 6.4% 2009
High income OECD countries average (profile) 6.23% 2009
11 Denmark 5.87% 2009
12 United States 5.84% 2009
13 Finland 5.75% 2009
14 Germany 5.6% 2009
15 South Korea 5.28% 2009
Group of 7 countries (G7) average (profile) 5.09% 2009
16 Switzerland 4.98% 2009
17 France 4.84% 2009
18 Austria 4.69% 2009
19 Hungary 4.59% 2009
20 Italy 4.4% 2009
21 United Kingdom 4.05% 2009
22 Japan 3.79% 2009
23 Czech Republic 3.58% 2009
24 Sweden 3.35% 2009
25 Poland 2.79% 2009
26 Slovakia 2.35% 2009
27 Luxembourg 2.05% 2009

Citation

"Countries Compared by Economy > Economic growth > Investment rates > Gross fixed capital formation > Housing. International Statistics at NationMaster.com", OECD Country statistical profiles 2009. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/stats/Economy/Economic-growth/Investment-rates/Gross-fixed-capital-formation/Housing

Economy > Economic growth > Investment rates > Gross fixed capital formation > Housing: Countries Compared Map

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