Gross Fixed Capital Formation at Decade Low

Gross fixed capital formation in Iran reached its lowest level over the past decade in fiscals 2019-20 and 2020-21. 
Statistics provided by the Central Bank of Iran show that GFCF nearly halved from 5,249,984 billion rials ($20.99 billion at current exchange rate) in the beginning of 2010s to 2,618,838 billion rials ($10.47 billion) in fiscals 2019-20 and 2020-21, suggesting that asset and business owners chose to put their money in places and for purposes other than production. 
Gross fixed capital formation, also called “investment”, is defined as the acquisition of produced assets (including purchases of secondhand assets), including the production of such assets by producers for their own use, minus disposals. The relevant assets relate to assets that are intended for use in the production of other goods and services for more than a year.