Annual growth of the gross capital formation (%) in Caribbean
Caribbean: Annual growth of the gross capital formation (%) was -3.7% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Caribbean, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Caribbean recorded -3.7% for annual growth of the gross capital formation in 2024.
Compared with earlier readings it is down 1,391.0% on the previous year and down 335.3% over ten years.
Over the whole period, annual growth of the gross capital formation in Caribbean peaked at 46.3% in 2021 and was at its lowest, -34.3%, in 2020.
Caribbean ranks 134th of 175 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation (%) in Caribbean, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 5.3% | — |
| 2001 | -0.1% | -101.7% |
| 2002 | -3.8% | +4176.0% |
| 2003 | -7.9% | +106.6% |
| 2004 | 5.9% | -174.7% |
| 2005 | 8.6% | +44.6% |
| 2006 | 11.1% | +29.7% |
| 2007 | 1.8% | -84.0% |
| 2008 | 3.3% | +85.2% |
| 2009 | -15.6% | -575.1% |
| 2010 | 6.1% | -139.0% |
| 2011 | 1.2% | -80.1% |
| 2012 | 3.9% | +225.2% |
| 2013 | -3.3% | -184.4% |
| 2014 | 1.6% | -147.1% |
| 2015 | 0.8% | -47.5% |
| 2016 | -0.3% | -134.3% |
| 2017 | 0.7% | -363.0% |
| 2018 | 8.1% | +996.8% |
| 2019 | 14.0% | +72.8% |
| 2020 | -34.3% | -344.5% |
| 2021 | 46.3% | -235.0% |
| 2022 | 11.0% | -76.3% |
| 2023 | 0.3% | -97.4% |
| 2024 | -3.7% | -1391.0% |
Biggest year-on-year movements
Years where Annual growth of the gross capital formation (%) in Caribbean changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | -4176.0% | -0.1% | -3.8% |
| 2024 | -1391.0% | 0.3% | -3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.8% | -15.6% | 11.1% | 10 |
| 2010s | 3.3% | -3.3% | 14.0% | 10 |
| 2020s | 3.9% | -34.3% | 46.3% | 5 |
Countries ranked near Caribbean
More economy & growth data for Caribbean
- Gross Domestic Product, GDP in millions constant 2021 international $ 828,667 (2027)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.07 % (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 0.3236 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 2.13 % change on previous year (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 16.77 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 15.55 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 64,099 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 92,184 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.59 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 382,272 million USD (2024)
Frequently asked questions
- What is annual growth of the gross capital formation in Caribbean?
- Annual growth of the gross capital formation in Caribbean was -3.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Caribbean?
- The highest recorded value was 46.3% in 2021.
- What is the lowest annual growth of the gross capital formation recorded in Caribbean?
- The lowest recorded value was -34.3% in 2020.
- How does Caribbean rank for annual growth of the gross capital formation?
- Caribbean ranks 134th out of 175 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Caribbean?
- Over the last ten years it is down 335.3%. The long-run trend across the full record is volatile.
- Where does this Caribbean data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of the gross capital formation (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).