Attempts have been made to estimate the value of the stock of fixed capital for the whole economy using direct enterprise surveys of " book value ", administrative business records, tax assessments, and data on gross fixed capital formation, price inflation and depreciation schedules.
32.
It includes tables showing the percentage growth rates of the main aggregates and supplementary tables for capital consumption, gross fixed capital formation, capital stock, non-financial balance sheets, public sector data, and GNI consistent with the European System of Accounts ( ESA95 ) compiled for EU budgetary purposes.
33.
The economic growth and levels of capital formation from 1960 to 1973 were characterised by an unparalleled robust annual growth rates of GDP ( 6.9 per cent ), industrial production ( 9 per cent ), private consumption ( 6.5 per cent ) and gross fixed capital formation ( 7.8 per cent ).
34.
The basic idea of the PIM method is, that one starts off from a benchmark asset figure, and adds on the net additions to fixed assets year by year ( using gross fixed capital formation data ), while deducting annual depreciation, all data being adjusted for price inflation using a capital expenditure price index.
35.
When the consumption of fixed capital is deducted from the figures the resulting " ratio of net fixed capital formation to net domestic product " is around 8 % for the average of the EU-27; again substantially higher ratios of more than 15 % can be observed for some of the new EU member states such as Spain.
36.
In the national accounts ( e . g ., in the United Nations System of National Accounts and the European System of Accounts ) " gross capital formation " is the total value of the gross fixed capital formation ( GFCF ), plus net changes in inventories, plus net acquisitions less disposals of valuables for a unit or sector.
37.
Although the investment coefficients were roughly similar ( 24 percent of GDP allocated to fixed capital formation in the earlier period compared to 26.7 percent during the 1980s ), the overall investment productivity or efficiency ( GDP growth rate / investment coefficient ) was nearly three times greater before the revolution ( 28.6 percent ) than in the 1980s ( 10.1 percent ).
38.
The housing sector plays an important role in the economy of Iran; it has links with 130 economic sectors, contributes to more than 20 percent of fixed capital formation each year, constitutes 25 percent of the balance of loans in the banking sector, 33 percent of household expenses are housing expenses, and the housing sector contributes around 12 percent of employment to the economy.
39.
For the analysis of the development of the productive capital stock, it is important to measure the value of the acquisitions less disposals of fixed assets beyond replacement for obsolescence of existing assets due to normal wear and tear . " " Net fixed investment " " includes the depreciation of existing assets from the figures for new fixed investment, and is called " net fixed capital formation ".
