Economics: gross fixed capital formation

Self-tutoring about economics terms: the tutor mentions gross fixed capital formation.

In simple terms, gross fixed capital formation (gfcf) is the amount invested in an economy. It might be given as an absolute number or as a percent of gdp. For instance, in 2023, gfcf in the US was around 21 percent of gdp. As a percent of gdp, Canada’s, in 2024, was also about 21 percent.

Source:

tradingeconomics.com/united-states

tradingeconomics.com/canada