Gross capital formation in Pacific island small states
Pacific island small states: Gross capital formation 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$, in 1988.
That places Pacific island small states 41st out of 41 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Pacific island small states, year by year
| Year | current US$ | 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
- 38 Czechia 104.62 billion current US$ compare
- 39 Denmark 102.32 billion current US$ compare
- 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, China 78.41 billion current US$ compare
- 44 Colombia 76.47 billion current US$ compare
More economy & growth data for Pacific island small states
- Industry (including construction), value added 1.49 billion constant 2015 US$ (2024)
- Households and NPISHs final consumption expenditure 76.1% (2024)
- Manufacturing, value added 776.47 million constant 2015 US$ (2025)
- Households and NPISHs Final consumption expenditure 9.38 billion current US$ (2024)
- Manufacturing, value added 6.9% (2025)
- General government final consumption expenditure 23.0% (2024)
- General government final consumption expenditure 2.83 billion current US$ (2024)
- Industry (including construction), value added 1.88 billion current US$ (2024)
- Services, value added 6.26 billion constant 2015 US$ (2024)
- Services, value added 7.00 billion current US$ (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 41st out of 41 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.