Fixed capital stock

In 2017, Belgiumʹs net fixed capital stock stood at 278.8% of gross domestic product. the fixed capital stock must not decrease.

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Fixed capital stock - Belgium

percentage of gross domestic product

 199520002005201020122015201620172017//19952017//2012
Belgium279.1271.8268.9282.2284.5278.9276.2278.80.0-0.4
//: Average Growth Rates

Calculations FPB based on National Accounts Institute (2018), National accounts / Capital Stock, http://stat.nbb.be/ (consulted on 16/10/2018).

Definition: the fixed capital stock is the sum of all economic assets that are used on a recurring or continuous basis in the production process for more than one year (section AN.11, excluding section AN.117 of the national accounts; Eurostat, 2013). The indicator measures the net fixed capital stock (machinery, buildings, transport and communication infrastructure, etc.). It is calculated by subtracting from the gross fixed capital stock, all assets of which being valued at the prices that would have to be paid if the assets were purchased now, the cumulative value of depreciation and by adding gross investments. The indicator is expressed as a percentage of GDP. For Belgium, the indicator is calculated by the FPB using data from the National Accounts Institute.

Goal: the fixed capital stock must not decrease.

The Sustainable Development Goals or SDGs adopted by the UN in 2015 include target 9.1: "Develop quality, reliable, sustainable and resilient infrastructure, including regional and trans-border infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all".

The fixed capital stock "is a means of carrying forward value from one accounting period to another" (Eurostat, 2013, p.184). Consequently, the fixed capital stock can be used by future generations and contribute to their well-being. Looking forward, it is considered that the fixed capital stock must be maintained (UNECE, 2014, p.29). Therefore, it is considered as an implicit objective that the net fixed capital stock must not decrease

International comparison: due to significant methodological differences with Eurostat data, there is no comparison with the other European countries.

UN indicator: the selected indicator does not correspond to any monitoring indicator for the SDGs but is related to target 9.1. Increasing the fixed capital stock makes it possible to have the necessary infrastructures for economic development.

Sources

  • SDGs, Sustainable Development Goals: United Nations (2015), Transforming our world: the 2030 Agenda for Sustainable Development. Resolution adopted by the General Assembly on 25 September 2015, document A/RES/70/1.

  • Indicators: United Nations (2017), Work of the Statistical Commission pertaining to the 2030 Agenda for Sustainable Development. Resolution adopted by the General Assembly on 6 July 2017, document A/RES/71/313.

  • UN Sustainable Development Knowledge Platform: https://sustainabledevelopment.un.org/ (consulted on 23/10/2018).

  • Sustainable Development Goal indicators website: https://unstats.un.org/sdgs/ (consulted on 23/10/2018).

More information is available in FR (French) and NL (Dutch).