Gross capital formation in Pacific island small states
Pacific island small states: Gross capital formation was 23.2% in 2024. ▲ Rising
Gross capital formation in Pacific island small states, 1983–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross capital formation in Pacific island small states stood at 23.2%.
The figure is up 1.4% on the previous year and up 6.8% over ten years.
Over the whole period, gross capital formation in Pacific island small states peaked at 28.0% in 2004 and was at its lowest, 15.1%, in 1992.
That places Pacific island small states 24th out of 43 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 42 years of available data.
Gross capital formation in Pacific island small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1983 | 22.3% | — |
| 1984 | 20.4% | -8.6% |
| 1985 | 20.7% | +1.9% |
| 1986 | 21.6% | +3.9% |
| 1987 | 19.1% | -11.5% |
| 1988 | 15.3% | -19.7% |
| 1989 | 16.1% | +5.0% |
| 1990 | 17.0% | +5.9% |
| 1991 | 17.4% | +2.3% |
| 1992 | 15.1% | -13.0% |
| 1993 | 18.8% | +24.1% |
| 1994 | 16.7% | -10.9% |
| 1995 | 17.0% | +1.3% |
| 1996 | 18.7% | +9.9% |
| 1997 | 18.9% | +1.2% |
| 1998 | 24.0% | +27.4% |
| 1999 | 24.5% | +2.0% |
| 2000 | 19.7% | -19.6% |
| 2001 | 19.6% | -0.7% |
| 2002 | 22.1% | +12.7% |
| 2003 | 26.1% | +18.4% |
| 2004 | 28.0% | +7.1% |
| 2005 | 22.1% | -21.2% |
| 2006 | 22.1% | -0.0% |
| 2007 | 20.7% | -6.0% |
| 2008 | 25.6% | +23.5% |
| 2009 | 22.9% | -10.7% |
| 2010 | 21.7% | -5.2% |
| 2011 | 23.9% | +10.1% |
| 2012 | 21.6% | -9.5% |
| 2013 | 22.9% | +6.0% |
| 2014 | 21.7% | -5.2% |
| 2015 | 24.3% | +11.7% |
| 2016 | 23.6% | -2.7% |
| 2017 | 24.0% | +1.6% |
| 2018 | 22.6% | -5.8% |
| 2019 | 22.5% | -0.5% |
| 2020 | 19.8% | -12.0% |
| 2021 | 22.8% | +15.1% |
| 2022 | 23.6% | +3.6% |
| 2023 | 22.9% | -3.0% |
| 2024 | 23.2% | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 19.3% | 15.3% | 22.3% | 7 |
| 1990s | 18.8% | 15.1% | 24.5% | 10 |
| 2000s | 22.9% | 19.6% | 28.0% | 10 |
| 2010s | 22.9% | 21.6% | 24.3% | 10 |
| 2020s | 22.4% | 19.8% | 23.6% | 5 |
Countries ranked near Pacific island small states
- 21 Tajikistan 32.4% compare
- 22 Guyana 32.3% compare
- 23 Morocco 31.9% compare
- 24 North Macedonia 31.7% compare
- 25 Türkiye 31.7% compare
- 26 Congo, Democratic Republic of the 31.7% compare
- 27 Saudi Arabia 31.6% compare
More economy & growth data for Pacific island small states
- Services, value added (constant 2015 US$), annual growth rate 3.29 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 689.93 current US$ per person (2024)
- Industry (including construction), value added (constant 2015 US$) 7.15 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.1212 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 548.92 constant 2015 US$ per person (2024)
- Services, value added (current US$), annual growth rate 6.91 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.5679 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 2,572 current US$ per person (2024)
- Gross value added at basic prices (GVA) 9.11 billion constant 2015 US$ (2024)
- Gross value added at basic prices (GVA) 10.84 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 23.2% 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 28.0% in 2004.
- What is the lowest gross capital formation recorded in Pacific island small states?
- The lowest recorded value was 15.1% in 1992.
- How does Pacific island small states rank for gross capital formation?
- Pacific island small states ranks 24th 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 6.8%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 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.