ERC Chart: Output v.s. Gross Fixed Capital

Productivity Output v.s. Gross Fixed Capital Formation Summary: This chart shows the relationship between the level of gross fixed capital formation (GFCF) and the productivity of the economy. Unsurprisingly, it is higher before the financial crash, at just over 18% of GDP in 2007. The global financial crash caused a dramatic drop, beginning in 2008, […]