Gross Fixed Capital Formation Deflator — Value Standard Local in Türkiye

Türkiye: Gross Fixed Capital Formation Deflator — Value Standard Local was 53.2 % change on previous year in 2024. ◆ Volatile

Latest (2024)
53.2 % change on previous year
Change on year
down 32.0%
World rank
5th
of 208 countries
All-time high
115.66 % change on previous year
in 1994
All-time low
-7.19 % change on previous year
in 1974
Years of data
54
1971–2024

Gross Fixed Capital Formation Deflator — Value Standard Local in Türkiye, 1971–2024

0255075100125197119972024

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

Türkiye recorded 53.2 % change on previous year for gross fixed capital formation deflator — value standard local in 2024.

That represents a change of down 32.0% on the previous year and up 495.5% over ten years.

Over the whole period, gross fixed capital formation deflator — value standard local in Türkiye peaked at 115.66 % change on previous year in 1994 and was at its lowest, -7.19 % change on previous year, in 1974.

That places Türkiye 5th out of 208 countries with data for 2024, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Gross Fixed Capital Formation Deflator — Value Standard Local in Türkiye, year by year

Annual values for Gross Fixed Capital Formation Deflator — Value Standard Local Currency, 2015 prices, annual growth rate in Türkiye, 1971 to 2024.
Year % change on previous year Change
1971 24.06 % change on previous year
1972 3.13 % change on previous year -87.0%
1973 20.12 % change on previous year +542.1%
1974 -7.19 % change on previous year -135.7%
1975 32.02 % change on previous year -545.2%
1976 24.19 % change on previous year -24.4%
1977 58.42 % change on previous year +141.5%
1978 48.21 % change on previous year -17.5%
1979 76.75 % change on previous year +59.2%
1980 81.92 % change on previous year +6.7%
1981 39.49 % change on previous year -51.8%
1982 40.49 % change on previous year +2.6%
1983 26.76 % change on previous year -33.9%
1984 57.11 % change on previous year +113.4%
1985 64.67 % change on previous year +13.2%
1986 53.71 % change on previous year -16.9%
1987 -0.0247 % change on previous year -100.0%
1988 84.37 % change on previous year -341437.7%
1989 50.34 % change on previous year -40.3%
1990 49.65 % change on previous year -1.4%
1991 66.32 % change on previous year +33.6%
1992 61.81 % change on previous year -6.8%
1993 60.95 % change on previous year -1.4%
1994 115.66 % change on previous year +89.8%
1995 78.02 % change on previous year -32.5%
1996 75.61 % change on previous year -3.1%
1997 78.99 % change on previous year +4.5%
1998 75.36 % change on previous year -4.6%
1999 47.86 % change on previous year -36.5%
2000 46.38 % change on previous year -3.1%
2001 59.64 % change on previous year +28.6%
2002 34.85 % change on previous year -41.6%
2003 15.96 % change on previous year -54.2%
2004 13.94 % change on previous year -12.7%
2005 2.39 % change on previous year -82.8%
2006 9.29 % change on previous year +288.5%
2007 3.58 % change on previous year -61.5%
2008 10.97 % change on previous year +206.6%
2009 5.37 % change on previous year -51.1%
2010 5.43 % change on previous year +1.2%
2011 9.56 % change on previous year +76.1%
2012 6.73 % change on previous year -29.6%
2013 5.73 % change on previous year -14.9%
2014 8.93 % change on previous year +55.9%
2015 7.64 % change on previous year -14.5%
2016 7.66 % change on previous year +0.4%
2017 13.04 % change on previous year +70.2%
2018 19.49 % change on previous year +49.4%
2019 14.46 % change on previous year -25.8%
2020 15.42 % change on previous year +6.6%
2021 37.2 % change on previous year +141.3%
2022 111.48 % change on previous year +199.6%
2023 78.26 % change on previous year -29.8%
2024 53.2 % change on previous year -32.0%

Biggest year-on-year movements

Years where Gross Fixed Capital Formation Deflator — Value Standard Local in Türkiye 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.

YearChange FromTo
1988 +341437.7% -0.0247 % change on previous year 84.37 % change on previous year
1975 +545.2% -7.19 % change on previous year 32.02 % change on previous year
1973 +542.1% 3.13 % change on previous year 20.12 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1970s 31.08 % change on previous year -7.19 % change on previous year 76.75 % change on previous year 9
1980s 49.88 % change on previous year -0.0247 % change on previous year 84.37 % change on previous year 10
1990s 71.02 % change on previous year 47.86 % change on previous year 115.66 % change on previous year 10
2000s 20.24 % change on previous year 2.39 % change on previous year 59.64 % change on previous year 10
2010s 9.87 % change on previous year 5.43 % change on previous year 19.49 % change on previous year 10
2020s 59.11 % change on previous year 15.42 % change on previous year 111.48 % change on previous year 5

Countries ranked near Türkiye

  1. 2 Zimbabwe 250.41 % change on previous year compare
  2. 3 Argentina 212.39 % change on previous year compare
  3. 4 Venezuela (Bolivarian Republic of) 62.95 % change on previous year compare
  4. 6 Gambia 52.83 % change on previous year compare
  5. 7 Sierra Leone 52.55 % change on previous year compare
  6. 8 South Sudan 47.55 % change on previous year compare

See the full ranking of 209 places →

More economy & growth data for Türkiye

All data for Türkiye →

Frequently asked questions

What is gross fixed capital formation deflator — value standard local in Türkiye?
Gross fixed capital formation deflator — value standard local in Türkiye was 53.2 % change on previous year in 2024, according to Statizoid (derived).
What is the highest gross fixed capital formation deflator — value standard local recorded in Türkiye?
The highest recorded value was 115.66 % change on previous year in 1994.
What is the lowest gross fixed capital formation deflator — value standard local recorded in Türkiye?
The lowest recorded value was -7.19 % change on previous year in 1974.
How does Türkiye rank for gross fixed capital formation deflator — value standard local?
Türkiye ranks 5th out of 208 countries with data for 2024.
Is gross fixed capital formation deflator — value standard local rising or falling in Türkiye?
Over the last ten years it is up 495.5%. The long-run trend across the full record is volatile.
Where does this Türkiye data come from?
The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation Deflator — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.

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Gross Fixed Capital Formation Deflator — Value Standard Local in Türkiye. Statizoid, drawing on Statizoid (derived). Retrieved 19 September 2026, from https://economy.statizoid.com/stat/gross-fixed-capital-formation-deflator-value-standard-local-currency-2015-prices-annual/turkiye-2/

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How this figure is calculated

The year-on-year percentage change in Gross Fixed Capital Formation Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Gross Fixed Capital Formation Deflator — Value Standard Local Currency, 2015 prices, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
209 places, 10,510 data points, 1971–2024
Last refreshed

The year-on-year percentage change in Gross Fixed Capital Formation Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.