Productive capital stock
In national accounts, the capital stock refers to the amount of capital in the economy. This includes both physical capital such as machinery, equipment and buildings and intellectual property products such as research and development.
The profitable capital stock used in productivity calculations differs from that used in national accounts. It measures the capital services provided by the capital stock. The amount of capital services describes better the capital stock than the production capacity of capital and corresponds to other factors of the production function.
Statistics using the definition
Validity of the definition
- Valid until (31 December 2078)