Glossary:Gross fixed capital formation (GFCF)

Gross fixed capital formation, abbreviated as GFCF, consists of resident producers’ investments, deducting disposals, in fixed assets during a given period. It also includes certain additions to the value of non-produced assets realized 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

• Foreign direct investment
• Gross capital formation

Statistical data

• National accounts and GDP

Sources

• ESA 2010 paras. 3.124-3.138