Gross capital formation (current US$) in Small states
Small states: Gross capital formation (current US$) was 67.24 billion current US$ in 2024. ▲ Rising
Gross capital formation in Small states, 1993–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gross capital formation in Small states is 67.24 billion current US$, measured in 2024. That is the highest value across all 32 years on record.
The figure is up 5.2% on the previous year and up 50.3% over ten years.
Over the whole period, gross capital formation in Small states peaked at 67.24 billion current US$ in 2024 and was at its lowest, 11.66 billion current US$, in 1993.
That places Small states 41st out of 43 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Gross capital formation (current US$) in Small states, year by year
| Year | current US$ | Change |
|---|---|---|
| 1993 | 11.66 billion current US$ | — |
| 1994 | 12.47 billion current US$ | +6.9% |
| 1995 | 15.02 billion current US$ | +20.5% |
| 1996 | 16.26 billion current US$ | +8.2% |
| 1997 | 17.27 billion current US$ | +6.3% |
| 1998 | 17.69 billion current US$ | +2.4% |
| 1999 | 17.10 billion current US$ | -3.4% |
| 2000 | 18.16 billion current US$ | +6.2% |
| 2001 | 18.36 billion current US$ | +1.1% |
| 2002 | 20.25 billion current US$ | +10.3% |
| 2003 | 24.30 billion current US$ | +20.0% |
| 2004 | 27.84 billion current US$ | +14.5% |
| 2005 | 31.30 billion current US$ | +12.4% |
| 2006 | 39.78 billion current US$ | +27.1% |
| 2007 | 49.28 billion current US$ | +23.9% |
| 2008 | 52.16 billion current US$ | +5.8% |
| 2009 | 39.96 billion current US$ | -23.4% |
| 2010 | 40.36 billion current US$ | +1.0% |
| 2011 | 45.38 billion current US$ | +12.4% |
| 2012 | 47.10 billion current US$ | +3.8% |
| 2013 | 47.03 billion current US$ | -0.2% |
| 2014 | 44.74 billion current US$ | -4.9% |
| 2015 | 43.50 billion current US$ | -2.8% |
| 2016 | 44.97 billion current US$ | +3.4% |
| 2017 | 51.14 billion current US$ | +13.7% |
| 2018 | 57.17 billion current US$ | +11.8% |
| 2019 | 54.86 billion current US$ | -4.0% |
| 2020 | 49.42 billion current US$ | -9.9% |
| 2021 | 57.36 billion current US$ | +16.1% |
| 2022 | 61.32 billion current US$ | +6.9% |
| 2023 | 63.92 billion current US$ | +4.2% |
| 2024 | 67.24 billion current US$ | +5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.35 billion current US$ | 11.66 billion current US$ | 17.69 billion current US$ | 7 |
| 2000s | 32.14 billion current US$ | 18.16 billion current US$ | 52.16 billion current US$ | 10 |
| 2010s | 47.63 billion current US$ | 40.36 billion current US$ | 57.17 billion current US$ | 10 |
| 2020s | 59.85 billion current US$ | 49.42 billion current US$ | 67.24 billion current US$ | 5 |
Countries ranked near 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 78.41 billion current US$ compare
- 44 Colombia 76.47 billion current US$ compare
More economy & growth data for Small states
- Households and NPISHs Final consumption expenditure (current US$) 9.91 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 3,407 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.06 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1426 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2,363 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.5711 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.64 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 9,468 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.2055 current US$ per US$ of GDP (2025)
- Exports of goods and services (current US$), annual growth rate 8.69 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Small states?
- Gross capital formation in Small states was 67.24 billion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Small states?
- The highest recorded value was 67.24 billion current US$ in 2024.
- What is the lowest gross capital formation recorded in Small states?
- The lowest recorded value was 11.66 billion current US$ in 1993.
- How does Small states rank for gross capital formation?
- Small states ranks 41st out of 43 groups with data for 2024.
- Is gross capital formation rising or falling in Small states?
- Over the last ten years it is up 50.3%. The long-run trend across the full record is rising.
- Where does this 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.
Download this data
CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.