Gross fixed capital formation (GFCF) consists of resident producers' acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realised by the productive activity of producer or institutional units. GFCF includes acquisition less disposals of, e.g. buildings, structures, machinery and equipment, mineral exploration, computer software, literary or artistic originals and major improvements to land such as the clearance of forests. The input data are obtained through official transmissions of national accounts' country data in the ESA 2010 transmission programme. Data are expressed as % of GDP, in million euro and in million units of national currency.
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Eurostat, the statistical office of the European Union
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