Term:
Gross fixed capital formation – SNA
Definition:
Gross fixed capital formation is measured by the total value of a producer’s acquisitions, less disposals, of fixed assets during the accounting period plus certain additions to the value of non- produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realised by the productive activity of institutional units.
Domain:
Economics & National Accounts
Source:
SNA 10.33 and 10.51 [10.26]