Gross Capital Formation (GCF), as defined in the Philippine System of National Accounts (PSNA), are referred to as investments put in place and measured by the total value of fixed assets/capital formation, changes in inventories and acquisitions less disposals of valuables.
In the second quarter of 2020, at constant 2018 prices, GCF had a share of
All components of GFCF also posted declines in second quarter of 2020 except for Breeding Stocks and Orchard Development (BSOD) which recorded a growth of
CLAIRE DENNIS S. MAPA, Ph.D.
National Statistician and Civil Registrar General