Capital stocks and fixed capital consumption, UK: 2019
Summary
Capital stocks and the consumption of fixed capital are estimated using the Perpetual Inventory Method (PIM). The PIM models capital stocks and capital consumption from estimates of gross fixed capital formation (GFCF). Capital stocks and the consumption of fixed capital estimates are produced annually and used by ONS in the compilation of the UK National and Economic Accounts and Public Sector Finances. These estimates are used to monitor economic performance and inform monetary and fiscal policy decisions, as well as for international comparisons.
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Accredited Official Statistics
These are accredited official statistics. They have been independently reviewed by the Office for Statistics Regulation (OSR) and found to comply with the standards of trustworthiness, quality and value in the Code of Practice for Statistics. This broadly means that the statistics:
- meet user needs
- are presented clearly and accessibly
- are produced using appropriate data and sound methods
- are managed impartially and objectively in the public interest