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estimates are calculated using the Perpetual Inventory Method (PIM), an economic model that
The PIM uses constant price (KP) GFCF data to estimate the value of capital stocks
GFCF estimates before summing over the time periods, which is why the PIM uses KP GFCF data.
Chain volume measures (CVMs) are not used in the PIM, as these are not additive, except from the
In the UK Office of National Statistics PIM,
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