Gross capital formation in East Asia & Pacific
East Asia & Pacific: Gross capital formation was 34.8% in 2024. ▼ Falling
Gross capital formation in East Asia & Pacific, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross capital formation in East Asia & Pacific stood at 34.8%.
That represents a change of down 1.1% on the previous year and down 2.8% over ten years.
Over the whole period, gross capital formation in East Asia & Pacific peaked at 59.4% in 1960 and was at its lowest, 28.2%, in 1962.
East Asia & Pacific ranks 3rd of 43 groups on this measure, in the top 10%.
The long-run direction has been consistently falling across the 65 years of available data.
Gross capital formation in East Asia & Pacific, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 59.4% | — |
| 1961 | 37.1% | -37.5% |
| 1962 | 28.2% | -23.9% |
| 1963 | 34.3% | +21.5% |
| 1964 | 35.9% | +4.7% |
| 1965 | 40.3% | +12.2% |
| 1966 | 41.9% | +4.0% |
| 1967 | 33.9% | -19.3% |
| 1968 | 32.7% | -3.5% |
| 1969 | 32.7% | +0.0% |
| 1970 | 37.8% | +15.6% |
| 1971 | 36.0% | -4.7% |
| 1972 | 35.6% | -1.3% |
| 1973 | 37.9% | +6.4% |
| 1974 | 37.5% | -1.0% |
| 1975 | 34.0% | -9.2% |
| 1976 | 32.9% | -3.2% |
| 1977 | 32.6% | -1.0% |
| 1978 | 33.4% | +2.7% |
| 1979 | 34.8% | +4.2% |
| 1980 | 34.0% | -2.3% |
| 1981 | 33.3% | -2.2% |
| 1982 | 32.1% | -3.5% |
| 1983 | 30.7% | -4.3% |
| 1984 | 30.7% | -0.1% |
| 1985 | 31.7% | +3.2% |
| 1986 | 31.4% | -0.9% |
| 1987 | 31.6% | +0.6% |
| 1988 | 34.1% | +8.0% |
| 1989 | 35.3% | +3.4% |
| 1990 | 35.9% | +1.9% |
| 1991 | 35.6% | -0.9% |
| 1992 | 34.3% | -3.6% |
| 1993 | 33.8% | -1.5% |
| 1994 | 32.9% | -2.7% |
| 1995 | 33.2% | +0.9% |
| 1996 | 33.8% | +1.9% |
| 1997 | 32.8% | -3.0% |
| 1998 | 30.3% | -7.5% |
| 1999 | 29.2% | -3.5% |
| 2000 | 29.8% | +1.8% |
| 2001 | 29.3% | -1.6% |
| 2002 | 28.4% | -3.0% |
| 2003 | 29.1% | +2.4% |
| 2004 | 29.9% | +2.8% |
| 2005 | 30.1% | +0.7% |
| 2006 | 30.4% | +1.0% |
| 2007 | 31.0% | +1.8% |
| 2008 | 32.3% | +4.2% |
| 2009 | 31.8% | -1.4% |
| 2010 | 33.1% | +4.0% |
| 2011 | 34.0% | +2.6% |
| 2012 | 34.5% | +1.6% |
| 2013 | 35.5% | +2.8% |
| 2014 | 35.8% | +0.9% |
| 2015 | 34.9% | -2.5% |
| 2016 | 34.4% | -1.4% |
| 2017 | 35.0% | +1.8% |
| 2018 | 35.8% | +2.4% |
| 2019 | 35.4% | -1.3% |
| 2020 | 35.2% | -0.4% |
| 2021 | 36.2% | +2.7% |
| 2022 | 36.3% | +0.4% |
| 2023 | 35.2% | -3.2% |
| 2024 | 34.8% | -1.1% |
Biggest year-on-year movements
Years where Gross capital formation in East Asia & Pacific 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 |
|---|---|---|---|
| 1961 | -37.5% | 59.4% | 37.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 37.6% | 28.2% | 59.4% | 10 |
| 1970s | 35.2% | 32.6% | 37.9% | 10 |
| 1980s | 32.5% | 30.7% | 35.3% | 10 |
| 1990s | 33.2% | 29.2% | 35.9% | 10 |
| 2000s | 30.2% | 28.4% | 32.3% | 10 |
| 2010s | 34.8% | 33.1% | 35.8% | 10 |
| 2020s | 35.5% | 34.8% | 36.3% | 5 |
Countries ranked near East Asia & Pacific
- 1 Turkmenistan 46.6% compare
- 2 Algeria 45.3% compare
- 3 Mauritania 44.3% compare
- 4 Bhutan 42.6% compare
- 5 Iran, Islamic Republic of 41.8% compare
- 6 Curaçao 41.1% compare
More economy & growth data for East Asia & Pacific
- Manufacturing, value added (current US$), per capita 3,139 current US$ per person (2025)
- Services, value added 59.8% (2025)
- Imports of goods and services (current US$), per unit of GDP 0.2845 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 4,005 current US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 4.01 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0547 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 769.41 constant 2015 US$ per person (2025)
- Manufacturing, value added (current US$), per unit of GDP 0.223 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 4,757 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant 2015 US$) 0.3379 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation in East Asia & Pacific?
- Gross capital formation in East Asia & Pacific was 34.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in East Asia & Pacific?
- The highest recorded value was 59.4% in 1960.
- What is the lowest gross capital formation recorded in East Asia & Pacific?
- The lowest recorded value was 28.2% in 1962.
- How does East Asia & Pacific rank for gross capital formation?
- East Asia & Pacific ranks 3rd out of 43 groups with data for 2024.
- Is gross capital formation rising or falling in East Asia & Pacific?
- Over the last ten years it is down 2.8%. The long-run trend across the full record is falling.
- Where does this East Asia & Pacific data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.