My progress target: 2021 - Cloudy

This table provides metadata for the actual indicator available from Vanuatu statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Vanuatuan statistics, this table should be consulted for information on national methodology and other Vanuatu-specific metadata information.

Proxy

No
Definition

·      Gross fixed capital formation (net investment) is the net amount of fixed capital accumulation. It measures the increase in the capital stock less the disposal of fixed assets

·      GFCF measures the net increase in fixed capital. It is a component of the Expenditure method of calculating GDP
Concept

Gross fixed capital formation includes spending on land improvements for instance fences, drains, machinery and equipment purchases, the construction of roads, railways, private residential dwellings, and commercial and industrial buildings.
Rationale

  • Reason for capturing Gross Fixed Capital Formation, there should be a way to measure the growth of capital assets as money is reinvested

  • Capital Formation is a term used to capture the net change gain; this include increases in fixed assets.
Sustainable Development Goal Indicator Alignment

8.2.1(tier1), 17.5.1
Frequency of Collection

Annually
Organisation

2017 Statistical Release: GDP Highlights (p11), VNSO
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