Definition: Fixed capital goods

Category: National accounts

The capital stock is the value of fixed capital assets available for production purposes at a given point in time. All capital goods are included which are accounted for in gross fixed capital formation. According to the SNA definition, gross fixed capital formation of an institutional unit or sector is measured by the value of acquisitions less disposals of new or existing fixed assets. Fixed assets consist of produced assets (mostly machinery, equipment, buildings or other structures) that are used repeatedly or continuously in production over periods of time of more than one year for non-military purposes.