ArmInfo.The share of gross capital formation in GDP increased from 7.6% in Q1 2022 to 17% in 2021. Babken Tunyan, Deputy Chairman of the NA Committee on Economic Affairs, MP of the ruling faction, made the corresponding post on his Facebook page, titled "Strong macro marker, which was not mentioned."
The Deputy Chairman of the Committee recalled that the Statistical Committee had previously published the economic growth rate (GDP growth) for Q1 2022 - 8.6%. However, in the same report, as the economist pointed out, there is another significant indicator regarding GDP - gross capital formation. Gross capital formation is the net acquisition of goods and services by residents produced in the current period but not consumed in it. It consists of the following components: gross fixed capital formation, change in inventories, net acquisition of valuables.
"It is important for a developing economy, that gross capital formation have faster growth. That is, the funds were more directed not to consumption, but to investments. In fact, this indicator is about investments", he wrote.
Thus, in Q1 2022, compared to the first quarter of the previous year, gross capital formation increased by 73.8%. The volume of fixed assets amounted to 252.3 billion drams, of which gross capital formation - 191.4 billion drams.
The share of gross capital formation in GDP in Q1 2022 was 17%. Meanwhile, the share of gross capital formation in GDP in Q1 2021 was 7.6%, in 2020 - 10.5%, 2019 -15.7%, 2018 - 21.6%.
Tunyan recalled that the government's program for 2021-2026 provides for an increase in this indicator to 25% in 2026.
