Gross fixed capital formation as a share of GDP reached 21.6 % in 2014 in Venezuela, according to the National Statistical Office. This is 2.68 % less than in the previous year.
Historically, gross fixed capital formation as a share of GDP in Venezuela reached an all time high of 47.6 % in 1978 and an all time low of 13.7 % in 1990. When compared to Venezuela's main peers, gross fixed capital formation as a share of GDP in Brazil amounted to 19.9 %, 22.7 % in Colombia, 28.7 % in Guyana and 11.7 % in Trinidad and Tobago in 2014.
Venezuela has been ranked 96th within the group of 169 countries we follow in terms of gross fixed capital formation as a share of GDP, 36 places above the position seen 10 years ago.
Gross fixed capital formation includes: land improvements (fences, ditches, drains, and so on); purchases of plant, machinery, and equipment, and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings.