Type of indicator

Sectoral

Indicator C28

Gross fixed capital formation in agriculture

Definition

The indicator measures producers’ investments, deducting disposals, in fixed assets during a given period plus certain additions to the value of non-produced assets realized by the productive activity of producer or institutional units (ESA 2010 definition). Therefore, GFCF is a key element for future competitiveness.

It has 2 sub-indicators:

1.GFCF in current prices

2. share of the Gross Value Added (GVA) in agriculture. 

Unit of measurement

EUR million (in current prices);

2 .% of GVA in agriculture. 

Data source

Eurostat – Economic Accounts for Agriculture, National Accounts 

References

/location of the data

National data: table aact_eaa01 (aact_eaa05 and aact_eaa07 were used to calculate GFCF at constant prices)

Regional data: table nama_10r_3gva (GVA in agriculture, forestry and fishing) and nama_10r_2gfcf 

Data collection level

National (NUTS 0)

Regional (NUTS 1 and 2)

Frequency

Annual

Delay

The expected delay will be two to three years, depending on the database. 

Comments

/caveats

GFCF variables for table aact_eaa01: Production value at basic price; 34000 Gross fixed capital formation (excluding deductible VAT); variables for table nama_10r_2gfcf: Agriculture, forestry and fishing.

GVA variables for table aact_eaa01: Gross value added at basic prices; variable for table nama_10r_3gva: Agriculture, forestry and fishing.

There are differences between national and regional data since the former is based on the Economic accounts for agriculture and the latter is related to the National Accounts (ESA 2010).