Investment (annual variation in %)
Investment typically refers to gross fixed investment or, more precisely, gross fixed capital formation (GFCF). Gross fixed capital formation is a macroeconomic aggregate used in national accounting that measures the value of acquisitions of new or existing fixed assets with a life span of more than one year by the business sector (national accounting generally considers personal spending and most government spending as consumption).
Gross fixed capital formation includes spending on factories, machinery, equipment, buildings (including private residential dwellings) and infrastructure. Investment is called “gross” because it does not consider the consumption of fixed assets (depreciation); the term “fixed” is used because inventories (stocks) are not included; and the term “capital formation” is used because financial investments are not included.
The investment component of Gross Domestic Product (GDP) is much more cyclical than consumption. When businesses expect economic growth to be strong, they are more likely to invest. The level of capacity utilization and interest rates also determine investment decisions.
The table below shows the percent changes in gross fixed investment for the last five years.
Looking for forecasts? FocusEconomics Consensus Forecasts cover approx. 30 macro-economic indicators per country for a 5-year forecast period and quarterly forecasts for the most important economic variables. Get Details.
Investment Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Albania | 3.8 | 2.5 | 6.7 | 2.6 | -3.1 |
| Algeria | 5.7 | 3.5 | 3.4 | 3.1 | 1.0 |
| Angola | -1.9 | -19.5 | 3.0 | -6.2 | - |
| Argentina | 3.5 | -5.8 | 12.2 | -5.7 | -15.9 |
| Armenia | 2.3 | -8.8 | 7.0 | 8.6 | 5.0 |
| Australia | -4.0 | -2.4 | 3.5 | 2.5 | -2.2 |
| Austria | 2.3 | 4.1 | 4.0 | 3.9 | 2.7 |
| Bahrain | -8.5 | 10.8 | 11.0 | 4.7 | - |
| Belarus | -15.5 | -14.5 | 5.5 | 4.4 | 5.6 |
| Belgium | 3.7 | 3.8 | 1.3 | 4.0 | 3.2 |
| Bolivia | 5.0 | 3.4 | 11.8 | 3.2 | -3.5 |
| Bosnia and Herzegovina | -3.5 | 2.5 | 5.8 | 9.2 | - |
| Brazil | -13.9 | -12.1 | -2.6 | 3.9 | 2.2 |
| Bulgaria | 2.7 | -6.6 | 3.2 | 5.4 | 2.2 |
| Canada | -4.3 | -4.0 | 4.0 | 1.8 | -0.4 |
| Chile | -0.3 | -1.3 | -3.1 | 4.8 | 4.2 |
| China | 7.0 | 6.8 | 4.4 | 4.8 | 4.5 |
| Colombia | 2.4 | -2.9 | 1.9 | 1.5 | 4.3 |
| Costa Rica | 3.0 | 4.8 | -2.5 | 3.0 | -6.4 |
| Croatia | 3.8 | 6.5 | 5.1 | 4.1 | 7.1 |
| Cyprus | -0.2 | 48.9 | 24.1 | -6.6 | 0.1 |
| Czech Republic | 10.3 | -3.2 | 4.0 | 7.5 | 2.7 |
| Denmark | 5.5 | 7.9 | 3.0 | 5.4 | 3.4 |
| Dominican Republic | 18.9 | 12.3 | -0.3 | 13.3 | 8.1 |
| Ecuador | -6.2 | -8.9 | 5.3 | 2.0 | -3.4 |
| Egypt | - | - | - | - | - |
| El Salvador | 9.0 | 3.6 | 3.6 | 6.7 | 9.6 |
| Estonia | -3.2 | 0.8 | 12.5 | 1.7 | 13.4 |
| Eurozone | 4.5 | 4.0 | 3.8 | 2.3 | 5.8 |
| Finland | 0.5 | 8.6 | 4.2 | 3.9 | -0.6 |
| France | 0.9 | 2.5 | 5.0 | 3.2 | 4.3 |
| Germany | 1.8 | 3.8 | 2.5 | 3.5 | 2.6 |
| Ghana | -2.7 | 12.2 | 1.0 | 13.2 | -10.0 |
| Greece | 0.6 | 4.6 | 9.4 | -12.0 | 4.5 |
| Guatemala | -1.5 | -1.7 | 4.0 | 4.6 | 7.2 |
| Haiti | 3.6 | 1.1 | 0.9 | 2.3 | - |
| Honduras | 22.4 | -5.2 | 11.8 | 4.3 | -15.4 |
| Hong Kong | -3.2 | -0.1 | 3.1 | 1.7 | -12.3 |
| Hungary | 4.8 | -10.6 | 18.7 | 17.1 | 15.3 |
| Iceland | 21.3 | 17.8 | 10.8 | -1.1 | -6.3 |
| India | 6.5 | 8.5 | 7.2 | 9.8 | - |
| Indonesia | 5.0 | 4.5 | 6.2 | 6.6 | 4.4 |
| Iraq | - | - | - | - | - |
| Ireland | 52.6 | 50.8 | -6.8 | -21.1 | 94.1 |
| Israel | 0.0 | 12.9 | 4.2 | 5.0 | 1.1 |
| Italy | 1.6 | 4.2 | 3.4 | 2.9 | 1.4 |
| Jamaica | -4.8 | 0.1 | 4.6 | 5.7 | - |
| Japan | 1.6 | -0.3 | 3.0 | 0.6 | 1.3 |
| Kazakhstan | 4.2 | 3.0 | 4.5 | 5.4 | 11.9 |
| Kenya | 6.6 | -9.2 | 8.3 | 1.3 | 2.4 |
| Korea | 5.4 | 6.6 | 9.8 | -2.2 | -2.8 |
| Kosovo | 12.1 | 7.3 | 5.7 | 7.4 | 6.5 |
| Kuwait | - | - | - | - | - |
| Latvia | -1.2 | -8.2 | 11.3 | 15.8 | 3.1 |
| Lithuania | 4.9 | 3.4 | 8.2 | 8.4 | 7.4 |
| Luxembourg | -7.7 | 4.6 | 5.6 | -5.9 | 4.0 |
| Malaysia | 3.6 | 2.6 | 6.1 | 1.4 | -2.1 |
| Malta | 55.6 | -0.2 | -7.1 | -1.8 | 6.2 |
| Mexico | 5.0 | 1.0 | -1.6 | 0.9 | -4.9 |
| Morocco | 0.2 | 8.8 | -0.2 | 1.2 | 1.0 |
| Mozambique | -16.8 | -9.4 | -5.8 | 12.4 | - |
| Netherlands | 29.2 | -7.3 | 4.2 | 3.2 | 5.3 |
| New Zealand | 4.0 | 3.4 | 5.0 | 5.3 | 2.7 |
| Nicaragua | 27.7 | -0.3 | 1.2 | -26.4 | -30.6 |
| Nigeria | -1.3 | -4.8 | -3.0 | 9.7 | 8.3 |
| North Macedonia | 8.3 | 12.5 | -2.2 | -7.3 | 6.6 |
| Norway | -4.0 | 3.9 | 2.6 | 2.8 | 6.1 |
| Oman | -1.2 | 16.5 | -4.3 | -5.1 | - |
| Panama | 6.5 | 2.1 | 7.6 | 0.9 | - |
| Paraguay | -2.1 | 2.0 | 5.9 | 6.9 | -6.6 |
| Peru | -4.7 | -4.3 | -0.2 | 4.7 | 2.9 |
| Philippines | 13.8 | 20.9 | 10.6 | 12.9 | 3.9 |
| Poland | 6.1 | -8.2 | 4.0 | 9.4 | 7.2 |
| Portugal | 5.9 | 2.5 | 11.5 | 5.8 | 6.6 |
| Qatar | 1.6 | 22.5 | 1.3 | - | - |
| Romania | 7.2 | 0.0 | 3.5 | -1.0 | 17.9 |
| Russia | -10.6 | 1.3 | 4.7 | 0.1 | 1.5 |
| Saudi Arabia | 3.7 | -14.0 | 0.7 | -2.1 | 4.0 |
| Serbia | 4.9 | 5.4 | 7.3 | 17.8 | 16.4 |
| Singapore | 2.0 | 1.5 | 4.2 | -3.4 | -0.2 |
| Slovakia | 21.6 | -9.3 | 3.9 | 3.7 | 5.2 |
| Slovenia | -1.2 | -3.7 | 10.4 | 9.1 | 3.2 |
| South Africa | 2.5 | -3.5 | 1.0 | -1.4 | -0.9 |
| Spain | 4.9 | 2.4 | 5.9 | 5.3 | 1.8 |
| Sweden | 6.9 | 4.0 | 5.5 | 1.4 | -1.3 |
| Switzerland | 2.3 | 2.5 | 3.4 | 1.1 | 0.8 |
| Taiwan | 2.7 | 3.4 | -0.3 | 3.0 | 9.1 |
| Tajikistan | - | - | - | - | - |
| Tanzania | 7.1 | 16.0 | 15.8 | 15.5 | - |
| Thailand | 4.4 | 2.9 | 1.8 | 3.8 | 2.1 |
| Trinidad and Tobago | -31.5 | - | - | - | - |
| Tunisia | -0.5 | 1.1 | 0.3 | 2.0 | - |
| Turkey | 9.3 | 2.2 | 8.2 | -0.6 | -12.4 |
| USA | 3.4 | 1.9 | 4.2 | 4.6 | 1.3 |
| Ukraine | -9.2 | 20.4 | 16.1 | 16.6 | 14.2 |
| United Arab Emirates | 4.3 | 8.8 | -17.3 | 3.6 | 0.0 |
| United Kingdom | 3.7 | 3.6 | 1.6 | -0.2 | 0.6 |
| Uruguay | -9.2 | -1.6 | -15.7 | -2.7 | 1.4 |
| Uzbekistan | 0.8 | 16.4 | 7.1 | - | - |
| Venezuela | -20.4 | -45.1 | -45.3 | -37.5 | - |
| Vietnam | 9.4 | 9.9 | 10.2 | 8.6 | - |
Download Sample Report
Investment Economic News
-
Indonesia: GDP records first contraction since Asian financial crisis in Q2
August 5, 2020
The economy worsened in the second quarter, with GDP contracting 5.3% on an annual basis (Q1: +3.0% year-on-year) due to Covid-19 containment measures. The downturn was broad-based, with private consumption, public spending, fixed investment and exports all contracting.
-
Sweden: Preliminary data shows economy slumped at record pace in Q2
August 5, 2020
The economy contracted 8.6% in the second quarter of 2020 from the previous quarter in seasonally-adjusted terms, contrasting the 0.1% increase in the first quarter but broadly in line with market analyst expectations, according to preliminary figures from Statistics Sweden. In calendar-adjusted annual terms, the economy shrank 8.2% in Q2 2020, contrasting the 0.4% expansion in Q1 2020.
-
Dominican Republic: Economy plunges in Q2 overall, although contraction eases in May and June
August 4, 2020
The economy contracted 16.8% in the second quarter according to monthly economic activity (IMAE) data as domestic lockdown measures and the border closure crushed activity (Q1: +0.2% year-on-year).
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
© Copyright: 2020. | Investment | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
