GDP expenditure on gross fixed capital formation (in IDR Million)
What's in it
Gross fixed capital formation is expenditure for capital goods which have an effective life of more than one year and which do not represent commodities for consumption. Gross fixed capital formation includes residential and non residential buildings and other constructions such as roads and airports as well as machinery. Expenditure on capital goods and buildings for military requirements is not included in this breakdown, but rather is classified as government consumption. Gross fixed capital formation, in the general government sector, is defined as the difference between government expenditure on additions to its fixed assets and net sales of similar second-hand and scrapped goods. Items classified as fixed capital formation include: dwelling and non-dwelling buildings; roads, bridges and similar constructions; machinery and equipment; motor vehicles; major repairs and alterations to the above mentioned durable goods which significantly extend their lifetime or productivity; and outlays on the reclamation and improvement of land and the development of plantations. Bron: BADAN PUSAT STATISTIK - Statistics Indonesia.