Republic of Korea vs Venezuela (Bolivarian Republic of): Gross Fixed Capital Formation — Value US$
Gross Fixed Capital Formation — Value US$ over time
- Republic of Korea
- Venezuela (Bolivarian Republic of)
How they compare
Republic of Korea currently reports 599,124 million USD against 14,501 million USD in Venezuela (Bolivarian Republic of), a difference of 584,623 million USD.
That makes Republic of Korea's figure about 41.3 times Venezuela (Bolivarian Republic of)'s.
The two have swapped places 1 time across 55 shared years of data; in 1970 it was Venezuela (Bolivarian Republic of) ahead.
Republic of Korea ranks 7th and Venezuela (Bolivarian Republic of) ranks 10th of 203 countries.
Across the 6 decades both report, Republic of Korea averaged higher in 5 and Venezuela (Bolivarian Republic of) in 1.
Head to head by decade
| Decade | Republic of Korea | Venezuela (Bolivarian Republic of) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 8,177 million USD | 14,581 million USD | 6,403 million USD | Venezuela (Bolivarian Republic of) |
| 1980s | 37,768 million USD | 19,213 million USD | 18,555 million USD | Republic of Korea |
| 1990s | 161,550 million USD | 17,097 million USD | 144,453 million USD | Republic of Korea |
| 2000s | 267,648 million USD | 38,352 million USD | 229,297 million USD | Republic of Korea |
| 2010s | 458,196 million USD | 57,681 million USD | 400,515 million USD | Republic of Korea |
| 2020s | 583,399 million USD | 18,649 million USD | 564,750 million USD | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation — value us$, Republic of Korea or Venezuela (Bolivarian Republic of)?
- Republic of Korea, at 599,124 million USD against 14,501 million USD in Venezuela (Bolivarian Republic of) as of 2024.
- What is the difference in gross fixed capital formation — value us$ between Republic of Korea and Venezuela (Bolivarian Republic of)?
- 584,623 million USD, with Republic of Korea ahead.
- How many years of comparable data are there for Republic of Korea and Venezuela (Bolivarian Republic of)?
- 55 years are reported by both, from 1970 to 2024.
- How do Republic of Korea and Venezuela (Bolivarian Republic of) rank globally for gross fixed capital formation — value us$?
- Republic of Korea ranks 7th and Venezuela (Bolivarian Republic of) ranks 10th of 203 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Gross Fixed Capital Formation — Value US$. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).