Guinea vs Mongolia: Gross fixed capital formation, private sector
Gross fixed capital formation, private sector over time
- Guinea
- Mongolia
How they compare
Guinea currently reports 1.69 trillion current LCU against 1.46 trillion current LCU in Mongolia, a difference of 222.30 billion current LCU.
That makes Guinea's figure about 1.2 times Mongolia's.
Across all 11 years both countries report, Guinea has been ahead every year.
Globally, Guinea ranks 29th and Mongolia ranks 32nd of 105 countries.
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About this data
Private investment covers outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets. Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.