Gross capital formation index (Previous year=100), by types of capital, Vietnam, 2015-2019 (Prel.)

Gross capital formation index (Previous year=100), by types of capital, Vietnam, 2015-2019 (Prel.)

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STATISTIC SUMMARY

In 2015, the highest growth could be seen in the gross capital formation with 109.04%, followed by the gross fixed capital formation and the changes in inventories with the rate of 109.35% and 106.15%, respectively. In 2019 (preliminary), the gross fixed capital formation recorded the greatest growth of 108.3%.

Additional Information

Year Coverage

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Region

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Notes

Gross domestic product (GDP) is a general indicator reflecting the final results of the whole economy's production and business activities in a given period. GDP is calculated at current and constant prices.

GDP in this chart, calculated by the expenditure approach, is the sum of three factors: Final consumption of households and the state, gross capital formation (fixed asset, change in inventories and precious assets), and balance of export and import of goods and services. 

Final consumption (FC) is the total consumption of goods and services of households, non-profit institutions serving households, and government in a given time. Final consumption is a component of National Disposable Income (NDI) as well as of GDP. The final consumption is normally divided by goods and service group at current prices and constant prices. The final consumption consists of the final consumption of households and the final consumption of government.

Gross capital formation refers to expenditure for investment in fixed assets, change in inventories, and precious in a given period. Gross capital formation is classified by types of capital at current prices or constant prices.
• Fixed capital formation is the difference between fixed capital received and liquidated fixed capital in the period by institutions, excluding the household’s durable asset.
• Changes in inventories include productive materials, finished goods, and working-progress. Changes in inventories are measured by the value of the entries into inventories less the value of withdrawals and the value of recurrent losses of goods held in inventories, excluding inventories of households for final consumption.
• Precious capital owned by both institutions and households for preservation. It is not worn out or devalued over time and is the difference between precious capital received in a given period and precious capital received but sold and transferred out.

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Gross capital formation index (Previous year=100), by types of capital, Vietnam, 2015-2019 (Prel.)
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