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CONSUMPTION OF FIXED CAPITAL

Statistics Directorate    
French Equivalent: Consommation de capital fixe

Definition:
Consumption of fixed capital is the decline, during the
course of the accounting period, in the current value of
the stock of fixed assets owned and used by a producer as
a result of physical deterioration, normal obsolescence or
normal accidental damage.

Context:
The capital account shows three headings for the net change in the value of nonfinancial assets - among them the consumption of fixed capital. The three headings are:
a. Gross capital formation;
b. Consumption of fixed capital;
c. Acquisitions less disposals of non-produced nonfinancial
assets.

Source Publication:
System of National Accounts (SNA), 2008. 10.23, 10.25.

Cross References:
Gross capital formation

Hyperlink:
http://unstats.un.org/unsd/nationalaccount/docs/SNA2008.pdf

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Tuesday, April 16, 2013