I was curious to see where net fixed capital formation in Greece stands right now. By net fixed capital formation I mean gross fixed capital formation minus consumption of fixed capital.
Besides my native Greece, in the chart, I have included Ireland and since it is increasingly making front pages and headlines lately, Italy.
Here's the chart.
|source: AMECO, own calculations|
The chart shows that in 2010 Greece's capital stock actually decreased. AMECO data run back to 1960 and this has never happened before...