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The purpose of this indicator is to provide a picture of investment and growth of the economy in which goods and services are produced using tangible capital assets.

This indicator is defined as the acquisition of produced assets (including purchases of new or second-hand assets), including the production of such assets by producers for their own use, minus disposals of produced fixed assets, Organisation for Economic Co-operation and Development (OECD).

World Bank national accounts data OECD

National Accounts - Statistical Institute of Belize (SIB)

Statistical Institute of Belize (SIB)

Annual

BZ Dollars Percentage (%)

Gross fixed capital formation (GFCF) is an important economic indicator especially since it highlights a part of continuing productive capacity. This is the case because the relevant assets relate to products that are intended for use in the production of goods and services for a period of more than one year. It is gross because no adjustments (as it relates to depreciation) are made to the fixed capital investment values. GFCF only measures the value of net additions to fixed assets and therefore is not measure of total investment. Land sales and land purchases are also not included; however, the value of the land improvement is included in the GFCF as a net addition.

The gross fixed capital formation (% of GDP) is used to reflect success in strategies to encourage private sector activity. Produced assets means that only those assets that come into existence as a result of a production process are included. It therefore does not include, for example, the purchase of land and natural resources.

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This indicator measures the success of strategies used to encourage private sector activity.

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