Gross capital formation (current US$) in Pacific island small states
Pacific island small states: Gross capital formation (current US$) was 2.86 billion current US$ in 2024. ◆ Volatile
Gross capital formation in Pacific island small states, 1983–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, gross capital formation in Pacific island small states stood at 2.86 billion current US$. That is the highest value across all 42 years on record.
Compared with earlier readings it is up 10.7% on the previous year and up 40.1% over ten years.
Over the whole period, gross capital formation in Pacific island small states peaked at 2.86 billion current US$ in 2024 and was at its lowest, 313.39 million current US$, in 1988.
That places Pacific island small states 43rd out of 43 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current US$) in Pacific island small states, year by year
| Year | current US$ | Change |
|---|---|---|
| 1983 | 410.56 million current US$ | — |
| 1984 | 394.61 million current US$ | -3.9% |
| 1985 | 386.40 million current US$ | -2.1% |
| 1986 | 437.56 million current US$ | +13.2% |
| 1987 | 378.79 million current US$ | -13.4% |
| 1988 | 313.39 million current US$ | -17.3% |
| 1989 | 342.82 million current US$ | +9.4% |
| 1990 | 406.00 million current US$ | +18.4% |
| 1991 | 440.47 million current US$ | +8.5% |
| 1992 | 420.53 million current US$ | -4.5% |
| 1993 | 548.18 million current US$ | +30.4% |
| 1994 | 571.76 million current US$ | +4.3% |
| 1995 | 628.63 million current US$ | +9.9% |
| 1996 | 740.53 million current US$ | +17.8% |
| 1997 | 751.28 million current US$ | +1.5% |
| 1998 | 824.75 million current US$ | +9.8% |
| 1999 | 917.98 million current US$ | +11.3% |
| 2000 | 679.28 million current US$ | -26.0% |
| 2001 | 663.33 million current US$ | -2.3% |
| 2002 | 784.10 million current US$ | +18.2% |
| 2003 | 1.11 billion current US$ | +41.2% |
| 2004 | 1.36 billion current US$ | +23.2% |
| 2005 | 1.19 billion current US$ | -12.5% |
| 2006 | 1.25 billion current US$ | +5.0% |
| 2007 | 1.30 billion current US$ | +3.5% |
| 2008 | 1.72 billion current US$ | +32.4% |
| 2009 | 1.38 billion current US$ | -19.5% |
| 2010 | 1.44 billion current US$ | +4.3% |
| 2011 | 1.85 billion current US$ | +28.5% |
| 2012 | 1.78 billion current US$ | -4.0% |
| 2013 | 1.98 billion current US$ | +11.6% |
| 2014 | 2.04 billion current US$ | +3.0% |
| 2015 | 2.23 billion current US$ | +9.3% |
| 2016 | 2.28 billion current US$ | +2.1% |
| 2017 | 2.50 billion current US$ | +9.4% |
| 2018 | 2.47 billion current US$ | -1.2% |
| 2019 | 2.42 billion current US$ | -2.1% |
| 2020 | 1.87 billion current US$ | -22.8% |
| 2021 | 2.18 billion current US$ | +16.9% |
| 2022 | 2.47 billion current US$ | +13.3% |
| 2023 | 2.58 billion current US$ | +4.7% |
| 2024 | 2.86 billion current US$ | +10.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 380.59 million current US$ | 313.39 million current US$ | 437.56 million current US$ | 7 |
| 1990s | 625.01 million current US$ | 406.00 million current US$ | 917.98 million current US$ | 10 |
| 2000s | 1.14 billion current US$ | 663.33 million current US$ | 1.72 billion current US$ | 10 |
| 2010s | 2.10 billion current US$ | 1.44 billion current US$ | 2.50 billion current US$ | 10 |
| 2020s | 2.39 billion current US$ | 1.87 billion current US$ | 2.86 billion current US$ | 5 |
Countries ranked near Pacific island small states
- 40 Malaysia 96.62 billion current US$ compare
- 41 Chile 85.97 billion current US$ compare
- 42 Kazakhstan 79.32 billion current US$ compare
- 43 Hong Kong 78.41 billion current US$ compare
- 44 Colombia 76.47 billion current US$ compare
- 45 Portugal 72.92 billion current US$ compare
- 46 Qatar 72.23 billion current US$ compare
More economy & growth data for Pacific island small states
- GNI (current US$), per capita 4,800 current US$ per person (2025)
- GNI, Atlas method (current US$), per capita 4,738 current US$ per person (2025)
- GNI (current US$), annual growth rate 5.95 % change on previous year (2025)
- Trade in services 44.9% (2024)
- GNI (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- GNI 13.23 billion current US$ (2025)
- Gross domestic savings 1.0% (2024)
- GNI, Atlas method 13.06 billion current US$ (2025)
- GNI, Atlas method (current US$), per unit of GDP 1 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per unit of GDP 1.22 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross capital formation in Pacific island small states?
- Gross capital formation in Pacific island small states was 2.86 billion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Pacific island small states?
- The highest recorded value was 2.86 billion current US$ in 2024.
- What is the lowest gross capital formation recorded in Pacific island small states?
- The lowest recorded value was 313.39 million current US$ in 1988.
- How does Pacific island small states rank for gross capital formation?
- Pacific island small states ranks 43rd out of 43 groups with data for 2024.
- Is gross capital formation rising or falling in Pacific island small states?
- Over the last ten years it is up 40.1%. The long-run trend across the full record is volatile.
- Where does this Pacific island small states data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.