Annual growth of the gross capital formation in Northern Europe
Northern Europe: Annual growth of the gross capital formation was -0.1% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Northern Europe, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual growth of the gross capital formation in Northern Europe is -0.1%, measured in 2024.
The figure is up 88.4% on the previous year and down 101.0% over ten years.
Over the whole period, annual growth of the gross capital formation in Northern Europe peaked at 10.3% in 2019 and was at its lowest, -17.8%, in 2009.
That places Northern Europe 27th out of 31 groups with data for 2024, putting it 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 Northern Europe, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.5% | — |
| 2001 | 1.2% | -78.4% |
| 2002 | 0.8% | -36.9% |
| 2003 | 1.9% | +152.2% |
| 2004 | 5.1% | +165.6% |
| 2005 | 6.1% | +21.1% |
| 2006 | 8.1% | +32.1% |
| 2007 | 5.7% | -30.1% |
| 2008 | -4.5% | -179.3% |
| 2009 | -17.8% | +297.9% |
| 2010 | 6.7% | -137.8% |
| 2011 | 4.1% | -38.6% |
| 2012 | 1.9% | -53.4% |
| 2013 | 4.4% | +125.5% |
| 2014 | 9.2% | +112.3% |
| 2015 | 5.8% | -37.3% |
| 2016 | 4.8% | -16.2% |
| 2017 | 3.8% | -21.9% |
| 2018 | 0.4% | -90.6% |
| 2019 | 10.3% | +2812.2% |
| 2020 | -7.8% | -175.1% |
| 2021 | 1.6% | -120.4% |
| 2022 | 3.4% | +113.0% |
| 2023 | -0.8% | -123.5% |
| 2024 | -0.1% | -88.4% |
Biggest year-on-year movements
Years where Annual growth of the gross capital formation in Northern Europe 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 |
|---|---|---|---|
| 2019 | +2812.2% | 0.4% | 10.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.2% | -17.8% | 8.1% | 10 |
| 2010s | 5.2% | 0.4% | 10.3% | 10 |
| 2020s | -0.7% | -7.8% | 3.4% | 5 |
Countries ranked near Northern Europe
More economy & growth data for Northern Europe
- Gross Domestic Product, GDP in millions constant 2021 international $ 6.84 million (2027)
- Gross Domestic Product — Value US$ 6.26 million million USD (2024)
- Gross Fixed Capital Formation — Value US$ 1.18 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 57,638 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 51,132 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 5.56 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 6.15 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 5.5 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.13 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 19.37 % (2024)
Frequently asked questions
- What is annual growth of the gross capital formation in Northern Europe?
- Annual growth of the gross capital formation in Northern Europe was -0.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Northern Europe?
- The highest recorded value was 10.3% in 2019.
- What is the lowest annual growth of the gross capital formation recorded in Northern Europe?
- The lowest recorded value was -17.8% in 2009.
- How does Northern Europe rank for annual growth of the gross capital formation?
- Northern Europe ranks 27th out of 31 groups with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Northern Europe?
- Over the last ten years it is down 101.0%. The long-run trend across the full record is volatile.
- Where does this Northern Europe 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).