Gross Fixed Capital Formation Deflator — Value US$, 2015 prices in Republic of Korea
Republic of Korea: Gross Fixed Capital Formation Deflator — Value US$, 2015 prices was 104.83 USD in 2024. ▲ Rising
Gross Fixed Capital Formation Deflator — Value US$, 2015 prices in Republic of Korea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
The most recent figure for gross fixed capital formation deflator — value us$, 2015 prices in Republic of Korea is 104.83 USD, measured in 2024.
That represents a change of down 2.4% on the previous year and down 1.6% over ten years.
Over the whole period, gross fixed capital formation deflator — value us$, 2015 prices in Republic of Korea peaked at 112.68 USD in 2021 and was at its lowest, 18.26 USD, in 1972.
That places Republic of Korea 152nd out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation Deflator — Value US$, 2015 prices in Republic of Korea, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 19.88 USD | — |
| 1971 | 18.59 USD | -6.5% |
| 1972 | 18.26 USD | -1.8% |
| 1973 | 20.97 USD | +14.9% |
| 1974 | 28.88 USD | +37.7% |
| 1975 | 29.2 USD | +1.1% |
| 1976 | 30.45 USD | +4.3% |
| 1977 | 32.81 USD | +7.7% |
| 1978 | 37.53 USD | +14.4% |
| 1979 | 45.38 USD | +20.9% |
| 1980 | 47.51 USD | +4.7% |
| 1981 | 47.86 USD | +0.7% |
| 1982 | 47.09 USD | -1.6% |
| 1983 | 46.31 USD | -1.7% |
| 1984 | 45.21 USD | -2.4% |
| 1985 | 43.88 USD | -2.9% |
| 1986 | 44.15 USD | +0.6% |
| 1987 | 48.51 USD | +9.9% |
| 1988 | 58.11 USD | +19.8% |
| 1989 | 65.93 USD | +13.5% |
| 1990 | 69.28 USD | +5.1% |
| 1991 | 73.72 USD | +6.4% |
| 1992 | 73.52 USD | -0.3% |
| 1993 | 73.94 USD | +0.6% |
| 1994 | 76.47 USD | +3.4% |
| 1995 | 84.31 USD | +10.3% |
| 1996 | 84.43 USD | +0.1% |
| 1997 | 75.4 USD | -10.7% |
| 1998 | 54.91 USD | -27.2% |
| 1999 | 63.63 USD | +15.9% |
| 2000 | 68.52 USD | +7.7% |
| 2001 | 61.49 USD | -10.3% |
| 2002 | 64.57 USD | +5.0% |
| 2003 | 70.54 USD | +9.2% |
| 2004 | 76.68 USD | +8.7% |
| 2005 | 87.58 USD | +14.2% |
| 2006 | 94.92 USD | +8.4% |
| 2007 | 99.4 USD | +4.7% |
| 2008 | 91.91 USD | -7.5% |
| 2009 | 81.89 USD | -10.9% |
| 2010 | 91.91 USD | +12.2% |
| 2011 | 99.18 USD | +7.9% |
| 2012 | 99.17 USD | -0.0% |
| 2013 | 101.84 USD | +2.7% |
| 2014 | 106.48 USD | +4.6% |
| 2015 | 100 USD | -6.1% |
| 2016 | 98.29 USD | -1.7% |
| 2017 | 102.76 USD | +4.5% |
| 2018 | 107.6 USD | +4.7% |
| 2019 | 104.16 USD | -3.2% |
| 2020 | 104.05 USD | -0.1% |
| 2021 | 112.68 USD | +8.3% |
| 2022 | 106.04 USD | -5.9% |
| 2023 | 107.41 USD | +1.3% |
| 2024 | 104.83 USD | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.19 USD | 18.26 USD | 45.38 USD | 10 |
| 1980s | 49.46 USD | 43.88 USD | 65.93 USD | 10 |
| 1990s | 72.96 USD | 54.91 USD | 84.43 USD | 10 |
| 2000s | 79.75 USD | 61.49 USD | 99.4 USD | 10 |
| 2010s | 101.14 USD | 91.91 USD | 107.6 USD | 10 |
| 2020s | 107 USD | 104.05 USD | 112.68 USD | 5 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.5 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 4 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 6.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 32.07 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 32.07 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (2024)
Frequently asked questions
- What is gross fixed capital formation deflator — value us$, 2015 prices in Republic of Korea?
- Gross fixed capital formation deflator — value us$, 2015 prices in Republic of Korea was 104.83 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation deflator — value us$, 2015 prices recorded in Republic of Korea?
- The highest recorded value was 112.68 USD in 2021.
- What is the lowest gross fixed capital formation deflator — value us$, 2015 prices recorded in Republic of Korea?
- The lowest recorded value was 18.26 USD in 1972.
- How does Republic of Korea rank for gross fixed capital formation deflator — value us$, 2015 prices?
- Republic of Korea ranks 152nd out of 203 countries with data for 2024.
- Is gross fixed capital formation deflator — value us$, 2015 prices rising or falling in Republic of Korea?
- Over the last ten years it is down 1.6%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation Deflator — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).