Summary

Description

Volume index of capital services (VICS) is a measure of capital input to economic production which takes account of the quality and use of the capital stock across time and different types of assets. VICS weights together the growth of the net stock of assets using a user cost of capital, rather than prices like in the National Accounts. The results are used in multi-factor productivity analysis. Source agency: Office for National Statistics Designation: Experimental Official Statistics Language: English Alternative title: VICS