Gross fixed capital formation, abbreviated as GFCF, consists of resident producers’ acquisitions, less disposals, of fixed assets during a given period. It also includes certain additions to the value of non-produced assets realised by producers or institutional units. Fixed assets are tangible or intangible assets produced as outputs from production processes that are used repeatedly, or continuously, for more than one year.
Related concepts
Statistical data
Sources
- ESA 2010 paras. 3.124-3.138