Gross fixed capital formation in East Asia & Pacific
East Asia & Pacific: Gross fixed capital formation was 10.99 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
10.99 trillion current US$
Change on year
up 0.3%
Rank
9th
of 41 groups
All-time high
11.18 trillion current US$
in 2021
All-time low
48.46 billion current US$
in 1962
Years of data
65
1960–2024
Gross fixed capital formation in East Asia & Pacific, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross fixed capital formation in East Asia & Pacific is 10.99 trillion current US$, measured in 2024.
That represents a change of up 0.3% on the previous year and up 40.9% over ten years.
Over the whole period, gross fixed capital formation in East Asia & Pacific peaked at 11.18 trillion current US$ in 2021 and was at its lowest, 48.46 billion current US$, in 1962.
That places East Asia & Pacific 9th out of 41 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in East Asia & Pacific, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 85.35 billion current US$ | — |
| 1961 | 54.18 billion current US$ | -36.5% |
| 1962 | 48.46 billion current US$ | -10.6% |
| 1963 | 57.33 billion current US$ | +18.3% |
| 1964 | 70.34 billion current US$ | +22.7% |
| 1965 | 82.20 billion current US$ | +16.8% |
| 1966 | 93.23 billion current US$ | +13.4% |
| 1967 | 86.13 billion current US$ | -7.6% |
| 1968 | 89.67 billion current US$ | +4.1% |
| 1969 | 110.23 billion current US$ | +22.9% |
| 1970 | 137.43 billion current US$ | +24.7% |
| 1971 | 150.56 billion current US$ | +9.6% |
| 1972 | 189.58 billion current US$ | +25.9% |
| 1973 | 262.43 billion current US$ | +38.4% |
| 1974 | 293.82 billion current US$ | +12.0% |
| 1975 | 309.36 billion current US$ | +5.3% |
| 1976 | 330.37 billion current US$ | +6.8% |
| 1977 | 386.40 billion current US$ | +17.0% |
| 1978 | 505.98 billion current US$ | +30.9% |
| 1979 | 562.82 billion current US$ | +11.2% |
| 1980 | 603.61 billion current US$ | +7.2% |
| 1981 | 651.99 billion current US$ | +8.0% |
| 1982 | 620.66 billion current US$ | -4.8% |
| 1983 | 635.31 billion current US$ | +2.4% |
| 1984 | 671.99 billion current US$ | +5.8% |
| 1985 | 719.83 billion current US$ | +7.1% |
| 1986 | 951.90 billion current US$ | +32.2% |
| 1987 | 1.14 trillion current US$ | +19.7% |
| 1988 | 1.45 trillion current US$ | +27.0% |
| 1989 | 1.55 trillion current US$ | +7.1% |
| 1990 | 1.66 trillion current US$ | +7.3% |
| 1991 | 1.87 trillion current US$ | +12.4% |
| 1992 | 1.99 trillion current US$ | +6.6% |
| 1993 | 2.22 trillion current US$ | +11.2% |
| 1994 | 2.41 trillion current US$ | +8.9% |
| 1995 | 2.73 trillion current US$ | +12.8% |
| 1996 | 2.67 trillion current US$ | -1.9% |
| 1997 | 2.47 trillion current US$ | -7.5% |
| 1998 | 2.10 trillion current US$ | -15.1% |
| 1999 | 2.29 trillion current US$ | +9.1% |
| 2000 | 2.50 trillion current US$ | +8.9% |
| 2001 | 2.27 trillion current US$ | -8.9% |
| 2002 | 2.26 trillion current US$ | -0.5% |
| 2003 | 2.52 trillion current US$ | +11.4% |
| 2004 | 2.86 trillion current US$ | +13.5% |
| 2005 | 3.11 trillion current US$ | +8.7% |
| 2006 | 3.33 trillion current US$ | +7.2% |
| 2007 | 3.71 trillion current US$ | +11.4% |
| 2008 | 4.41 trillion current US$ | +18.7% |
| 2009 | 4.73 trillion current US$ | +7.2% |
| 2010 | 5.50 trillion current US$ | +16.3% |
| 2011 | 6.50 trillion current US$ | +18.2% |
| 2012 | 7.15 trillion current US$ | +10.0% |
| 2013 | 7.48 trillion current US$ | +4.6% |
| 2014 | 7.80 trillion current US$ | +4.2% |
| 2015 | 7.67 trillion current US$ | -1.6% |
| 2016 | 7.84 trillion current US$ | +2.1% |
| 2017 | 8.48 trillion current US$ | +8.2% |
| 2018 | 9.44 trillion current US$ | +11.3% |
| 2019 | 9.64 trillion current US$ | +2.1% |
| 2020 | 9.66 trillion current US$ | +0.2% |
| 2021 | 11.18 trillion current US$ | +15.7% |
| 2022 | 11.09 trillion current US$ | -0.9% |
| 2023 | 10.95 trillion current US$ | -1.2% |
| 2024 | 10.99 trillion current US$ | +0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 77.71 billion current US$ | 48.46 billion current US$ | 110.23 billion current US$ | 10 |
| 1970s | 312.87 billion current US$ | 137.43 billion current US$ | 562.82 billion current US$ | 10 |
| 1980s | 899.26 billion current US$ | 603.61 billion current US$ | 1.55 trillion current US$ | 10 |
| 1990s | 2.24 trillion current US$ | 1.66 trillion current US$ | 2.73 trillion current US$ | 10 |
| 2000s | 3.17 trillion current US$ | 2.26 trillion current US$ | 4.73 trillion current US$ | 10 |
| 2010s | 7.75 trillion current US$ | 5.50 trillion current US$ | 9.64 trillion current US$ | 10 |
| 2020s | 10.77 trillion current US$ | 9.66 trillion current US$ | 11.18 trillion current US$ | 5 |
Countries ranked near East Asia & Pacific
- 6 United Kingdom of Great Britain and Northern Ireland 755.83 billion current US$ compare
- 7 France 741.24 billion current US$ compare
- 8 Russian Federation 591.40 billion current US$ compare
- 9 Italy 557.13 billion current US$ compare
- 10 Canada 531.31 billion current US$ compare
- 11 Republic of Korea 530.44 billion current US$ compare
- 12 Türkiye 488.63 billion current US$ compare
More economy & growth data for East Asia & Pacific
- Industry (including construction), value added 11.37 trillion constant 2015 US$ (2025)
- Trade 63.8% (2025)
- Agriculture, forestry, and fishing, value added 1.84 trillion constant 2015 US$ (2025)
- Trade in services 10.7% (2025)
- Manufacturing, value added 7.51 trillion current US$ (2025)
- Manufacturing, value added 22.3% (2025)
- Industry (including construction), value added 11.12 trillion current US$ (2025)
- Services, value added 20.13 trillion current US$ (2025)
- Services, value added 4.7% (2025)
- Services, value added 19.57 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is gross fixed capital formation in East Asia & Pacific?
- Gross fixed capital formation in East Asia & Pacific was 10.99 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in East Asia & Pacific?
- The highest recorded value was 11.18 trillion current US$ in 2021.
- What is the lowest gross fixed capital formation recorded in East Asia & Pacific?
- The lowest recorded value was 48.46 billion current US$ in 1962.
- How does East Asia & Pacific rank for gross fixed capital formation?
- East Asia & Pacific ranks 9th out of 41 groups with data for 2024.
- Is gross fixed capital formation rising or falling in East Asia & Pacific?
- Over the last ten years it is up 40.9%. The long-run trend across the full record is volatile.
- Where does this East Asia & Pacific data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross fixed capital formation (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.