### Formula or Equation

ICOR for the total economy or for a country | Incremental capital-output ratio,ICOR |

AASOIIGDP | average annual share of investment in GDP,AASOIIGDP |

AAGROGDP | average annual growth rate of GDP,AAGROGDP |

ICOR for the total economy or for a country | Incremental capital-output ratio,ICOR |

AASOIIGDP | average annual share of investment in GDP,AASOIIGDP |

AAGROGDP | average annual growth rate of GDP,AAGROGDP |

The incremental capital output ratio (ICOR) is defined as the ratio between investment in some previous period(s) and the growth in output in the subsequent period. Needless to say, ICOR calculation is based on constant price data.

Average annual share of investment in GDP (AASOIIGDP)

Average annual growth rate of GDP (AAGROGDP)

Incremental capital-output ratio (ICOR for the total economy or for a country)

Precision

- Wikipedia article: Incremental capital-output ratio.
- Incremental Capital-Output Ratio (ICOR).