Target 38: Business investment
Private gross fixed capital formation
Private Gross Fixed Capital Formation has been included as a supplementary measure, as it is a whole measure while Private New Capital Expenditure (the current key measure for the target) is not (for example, it excludes expenditure on second hand assets). Additionally, Private Gross Fixed Capital Formation encapsulates a greater scope of economic data and allows for further analysis of sectors where the investment is occurring.
Department of State Development