In official statistics, attempts are often made to estimate the value of fixed capital assets in a nation, the value of their depreciation ( or Consumption of fixed capital ) and the value of Gross fixed capital formation by sector and type of asset.
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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.
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The pre-revolutionary period was characterized by robust annual growth rates for GDP ( 6.9 percent ), industrial production ( 9 percent ), private consumption ( 6.5 percent ), and gross fixed capital formation ( 7.8 percent ).
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Clearly, the prerevolutionary period was characterized by robust annual growth rates for GDP ( 6.9 percent ), industrial production ( 9 percent ), private consumption ( 6.5 percent ), and gross fixed capital formation ( 7.8 percent ).
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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.
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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.
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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 ).
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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.
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