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Economy > Economic growth > Investment rates > Gross fixed capital formation > Machinery and equipment: 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 Slovakia 10.1% 2009
2 Iceland 10.09% 2009
3 Czech Republic 10.05% 2009
4 Japan 9.72% 2009
5 Switzerland 9.7% 2009
6 Hungary 9.15% 2009
7 South Korea 8.93% 2009
8 Greece 8.65% 2009
9 Austria 8.6% 2009
10 Italy 8.53% 2009
11 Denmark 8.46% 2009
12 New Zealand 8.22% 2009
13 Australia 8.21% 2009
14 Sweden 7.91% 2009
15 Poland 7.82% 2009
16 Spain 7.76% 2009
High income OECD countries average (profile) 7.71% 2009
17 Germany 7.67% 2009
Group of 7 countries (G7) average (profile) 7.08% 2009
18 Portugal 7.06% 2009
19 Netherlands 7% 2009
20 Luxembourg 6.54% 2009
21 Canada 6.27% 2009
22 United Kingdom 6.01% 2009
23 United States 5.81% 2009
24 France 5.57% 2009
25 Finland 5.36% 2009
26 Ireland 5.3% 2009
27 Norway 5.21% 2009

Citation

"Countries Compared by Economy > Economic growth > Investment rates > Gross fixed capital formation > Machinery and equipment. 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/Machinery-and-equipment

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