Measuring Capital - OECD Manual 2009

Second edition

image of Measuring Capital - OECD Manual 2009

Capital - in particular of the physical sort - plays several roles in economic life: it constitutes wealth and it it provides services in production processes. Capital is invested, disinvested and it depreciates and becomes obsolescent and there is a question how to measure all these dimensions of capital in industry and national accounts. This revised Capital Manual is a comprehensive guide to the approaches toward capital measurement. It gives statisticians, researchers and analysts practical advice while providing theoretical background and an overview of the relevant literature. The manual comes in three parts - a first part with a non-technical description with the main concepts and steps involved in measuring capital; a second part directed at implementation and a third part outlining theory and a more complete mathematical formulation of the measurement process.

English Spanish, Korean, French


annex C

Simplified perpetual inventory method

A full-fledged implementation of an integrated set of capital measures may be beyond the capacity of some statistical offices when, as a consequence of resourcing the statistical system, only the most basic information is available. This Annex presents a ‘minimum’ version of capital measures. Its objective is to sketch out a simplified method for capital measurement when the information basis is limited.

Investment series. Full implementation of the perpetual inventory method requires relatively long time series of gross fixed capital formation, broken down by type of asset and institutional sector or industrial activity. Such a data set may not be available. At a minimum, the following two-way classification for investment should be sought: sectoral dimension: GFCF carried out by government and by private sector and asset dimension: GFCF in machinery and equipment and in residential and non-residential structures.

English Spanish, French

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error