Saturday, 16 July 2011

Did Greece's capital stock decrease in 2010...?

A quick post today, just to share a datapoint with you really.

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...

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