sources

{
    "link": "http://www.fao.org/faostat/en/?#data/",
    "retrievedDate": "13-Feb-2020",
    "additionalInfo": "Gross fixed capital formation (GFCF) \u2013 the total value of a producer\u2019s acquisitions, less disposals, of fixed assets during the accounting period plus certain additions to the value of non-produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realized by the productive activity of institutional units. Consumption of fixed capital (CFC) \u2013 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.Net Capital Stock (NCS) \u2013 the sum of the written-down values of all the non-financial produced fixed assets still in use is described as the net capital stock.A note on the non-financial Fixed Assets Boundary according to the SNA 2008. Fixed assets are produced assets that are used repeatedly or continuously in production processes for more than one year. They are divided into tangible fixed assets and intangible fixed assets. Examples of tangible produced fixed-assets are dwellings, non-residential buildings and structures (e.g. barns, warehouse, factories, major land improvements\u2026), machinery and equipment, and cultivated assets. Examples of intangible fixed assets are mineral exploration, computer software, research and development and entertainment. Given the focus of the present FAO database on the agriculture, forestry and fishing industry, the following words of caution are of order: -An important element from the SNA definition of non-financial assets considered for capital stock calculation is that non-produced assets are excluded from the fixed assets boundary. Non-produced assets that occur in nature include natural resources, subsoil assets, non-cultivated biological resources and water resources. Other non-produced assets are licenses and marketing assets (including goodwill). That is, only land improvements and cultivated biological resources are part of the fixed capital base. -Cultivated biological resources cover animal resources yielding repeat products as well as tree, crop and plant resources yielding repeat products whose natural growth and regeneration is under the direct control, responsibility and management of institutional units. Examples of animal resources are breeding stocks, dairy cattle, draft animals, sheep used for wool production and animals used for transportation, racing or entertainment. Animals raised for slaughter, including poultry, are not fixed assets but inventories. Examples of tree, crop and plant resources are trees (including vines and shrubs) cultivated for fruits and nuts, for sap and resin and for bark and leaf products. Some examples of GFCF:oSheep used in the production of wool;oBull (male cow) used for breeding;oChickens used to produce eggs;oA vine tree used to produce grapes for wine.Chickens for slaughter and sheep used for meat are not part of GFCF but of inventories. Agriculture Investment Ratio indicates to what proportion of the industry-wide value added do the aggregate spending on gross fixed capital formation amount. This indicator is obtained as the share of GFCF in agriculture, forestry and fishing over Value Added in agriculture, forestry and fishing. Gross Fixed Capital Formation Agriculture Orientation Index indicates how the investment ratio in agriculture, forestry, and fishery compares to that of the total economy. This indicator is obtained as the ratio of the Agriculture Investment Ratio (Agriculture Gross Fixed Capital Formation as a share of Agriculture Value Added) and the total economy investment ratio (Total Economy Gross Fixed Capital Formation as a share of Total Economy Value Added).",
    "dataPublishedBy": "Food and Agriculture Organization of the United Nations (FAO) (2020)",
    "dataPublisherSource": "UNSD Official Country Data (https://unstats.un.org/unsd/snaama/);OECD Annual National Accounts (http://stats.oecd.org/);OECD Structural Analysis Database(http://oe.cd/stan)."
}