Gross fixed capital formation, Private sector, Constant prices in Republic of Korea
Republic of Korea: Gross fixed capital formation, Private sector, Constant prices was 23.73 in 2019. ▲ Rising
Latest (2019)
23.73
Change on year
down 7.2%
World rank
16th
of 173 countries
All-time high
34.96
in 1996
All-time low
12.3
in 1972
Years of data
60
1960–2019
Gross fixed capital formation, Private sector, Constant prices in Republic of Korea, 1960–2019
Source: International Monetary Fund.
Analysis
Republic of Korea recorded 23.73 for gross fixed capital formation, private sector, constant prices in 2019.
That represents a change of down 7.2% on the previous year and up 2.0% over ten years.
Over the whole period, gross fixed capital formation, private sector, constant prices in Republic of Korea peaked at 34.96 in 1996 and was at its lowest, 12.3, in 1972.
Republic of Korea ranks 16th of 173 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 60 years of available data.
Gross fixed capital formation, Private sector, Constant prices in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 22.9 | — |
| 1961 | 22.27 | -2.7% |
| 1962 | 22.29 | +0.1% |
| 1963 | 21.27 | -4.6% |
| 1964 | 20.2 | -5.0% |
| 1965 | 19.58 | -3.1% |
| 1966 | 18.18 | -7.1% |
| 1967 | 17.33 | -4.7% |
| 1968 | 15.93 | -8.1% |
| 1969 | 14.46 | -9.2% |
| 1970 | 13.17 | -8.9% |
| 1971 | 12.54 | -4.8% |
| 1972 | 12.3 | -2.0% |
| 1973 | 14.67 | +19.3% |
| 1974 | 15.65 | +6.7% |
| 1975 | 15.14 | -3.3% |
| 1976 | 17.18 | +13.5% |
| 1977 | 20.58 | +19.8% |
| 1978 | 25.27 | +22.8% |
| 1979 | 25.75 | +1.9% |
| 1980 | 22.27 | -13.5% |
| 1981 | 19.48 | -12.6% |
| 1982 | 21.32 | +9.5% |
| 1983 | 21.95 | +3.0% |
| 1984 | 22.46 | +2.3% |
| 1985 | 21.67 | -3.5% |
| 1986 | 22.98 | +6.0% |
| 1987 | 24.64 | +7.2% |
| 1988 | 25.22 | +2.4% |
| 1989 | 27.91 | +10.6% |
| 1990 | 32.19 | +15.3% |
| 1991 | 32.77 | +1.8% |
| 1992 | 31.19 | -4.8% |
| 1993 | 31.66 | +1.5% |
| 1994 | 33.27 | +5.1% |
| 1995 | 34.63 | +4.1% |
| 1996 | 34.96 | +0.9% |
| 1997 | 32.23 | -7.8% |
| 1998 | 25.91 | -19.6% |
| 1999 | 25.92 | +0.0% |
| 2000 | 27.1 | +4.5% |
| 2001 | 26.29 | -3.0% |
| 2002 | 26.63 | +1.3% |
| 2003 | 26.81 | +0.7% |
| 2004 | 26.24 | -2.1% |
| 2005 | 25.69 | -2.1% |
| 2006 | 25.64 | -0.2% |
| 2007 | 25.56 | -0.3% |
| 2008 | 24.61 | -3.7% |
| 2009 | 23.27 | -5.5% |
| 2010 | 24.2 | +4.0% |
| 2011 | 23.96 | -1.0% |
| 2012 | 23.47 | -2.0% |
| 2013 | 23.34 | -0.6% |
| 2014 | 23.74 | +1.7% |
| 2015 | 24.33 | +2.5% |
| 2016 | 25.18 | +3.5% |
| 2017 | 27.12 | +7.7% |
| 2018 | 25.57 | -5.7% |
| 2019 | 23.73 | -7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 19.44 | 14.46 | 22.9 | 10 |
| 1970s | 17.23 | 12.3 | 25.75 | 10 |
| 1980s | 22.99 | 19.48 | 27.91 | 10 |
| 1990s | 31.47 | 25.91 | 34.96 | 10 |
| 2000s | 25.78 | 23.27 | 27.1 | 10 |
| 2010s | 24.46 | 23.34 | 27.12 | 10 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Final consumption expenditure (constant 2015 US$), per capita 24,301 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate -1.35 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 0.948 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 34,344 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 2.92 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 1,348 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 48.85 million current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 0.6957 % change on previous year (2025)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.9523 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (constant 2015 US$), per capita 34,500 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gross fixed capital formation, private sector, constant prices in Republic of Korea?
- Gross fixed capital formation, private sector, constant prices in Republic of Korea was 23.73 in 2019, according to International Monetary Fund.
- What is the highest gross fixed capital formation, private sector, constant prices recorded in Republic of Korea?
- The highest recorded value was 34.96 in 1996.
- What is the lowest gross fixed capital formation, private sector, constant prices recorded in Republic of Korea?
- The lowest recorded value was 12.3 in 1972.
- How does Republic of Korea rank for gross fixed capital formation, private sector, constant prices?
- Republic of Korea ranks 16th out of 173 countries with data for 2019.
- Is gross fixed capital formation, private sector, constant prices rising or falling in Republic of Korea?
- Over the last ten years it is up 2.0%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from International Monetary Fund, published as part of Gross fixed capital formation, Private sector, Constant prices, Percent of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.