Gross fixed capital formation, private sector in Northern Mariana Islands
Northern Mariana Islands: Gross fixed capital formation, private sector was 117.00 million current LCU in 2022. ◆ Volatile
Gross fixed capital formation, private sector in Northern Mariana Islands, 2002–2022
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2022, gross fixed capital formation, private sector in Northern Mariana Islands stood at 117.00 million current LCU.
That represents a change of up 12.5% on the previous year and up 48.1% over ten years.
Over the whole period, gross fixed capital formation, private sector in Northern Mariana Islands peaked at 398.00 million current LCU in 2016 and was at its lowest, 74.00 million current LCU, in 2011.
Northern Mariana Islands ranks 98th of 105 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation, private sector in Northern Mariana Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2002 | 80.00 million current LCU | — |
| 2003 | 78.00 million current LCU | -2.5% |
| 2004 | 98.00 million current LCU | +25.6% |
| 2005 | 97.00 million current LCU | -1.0% |
| 2006 | 92.00 million current LCU | -5.2% |
| 2007 | 79.00 million current LCU | -14.1% |
| 2008 | 83.00 million current LCU | +5.1% |
| 2009 | 85.00 million current LCU | +2.4% |
| 2010 | 77.00 million current LCU | -9.4% |
| 2011 | 74.00 million current LCU | -3.9% |
| 2012 | 79.00 million current LCU | +6.8% |
| 2013 | 88.00 million current LCU | +11.4% |
| 2014 | 112.00 million current LCU | +27.3% |
| 2015 | 192.00 million current LCU | +71.4% |
| 2016 | 398.00 million current LCU | +107.3% |
| 2017 | 379.00 million current LCU | -4.8% |
| 2018 | 222.00 million current LCU | -41.4% |
| 2019 | 183.00 million current LCU | -17.6% |
| 2020 | 105.00 million current LCU | -42.6% |
| 2021 | 104.00 million current LCU | -1.0% |
| 2022 | 117.00 million current LCU | +12.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 86.50 million current LCU | 78.00 million current LCU | 98.00 million current LCU | 8 |
| 2010s | 180.40 million current LCU | 74.00 million current LCU | 398.00 million current LCU | 10 |
| 2020s | 108.67 million current LCU | 104.00 million current LCU | 117.00 million current LCU | 3 |
Countries ranked near Northern Mariana Islands
- 95 United States Virgin Islands 448.00 million current LCU compare
- 96 Oman 381.20 million current LCU
- 97 Timor-Leste 132.96 million current LCU compare
- 99 Lesotho 80.51 million current LCU
- 100 American Samoa 53.00 million current LCU compare
- 101 Bulgaria 33.84 million current LCU
More economy & growth data for Northern Mariana Islands
- GDP deflator 134.81 base year varies by country (2022)
- GDP 813.00 million constant LCU (2022)
- GDP growth 16.6% (2022)
- GDP 896.76 million constant 2015 US$ (2022)
- GDP (constant 2015 US$), per unit of GDP 0.8182 constant 2015 US$ per US$ of GDP (2022)
- GDP 1.10 billion current LCU (2022)
- GDP 1.10 billion current US$ (2022)
- External balance on goods and services -48.6% (2022)
- Trade 93.2% (2022)
- GDP (constant 2015 US$), annual growth rate 16.64 % change on previous year (2022)
Frequently asked questions
- What is gross fixed capital formation, private sector in Northern Mariana Islands?
- Gross fixed capital formation, private sector in Northern Mariana Islands was 117.00 million current LCU in 2022, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation, private sector recorded in Northern Mariana Islands?
- The highest recorded value was 398.00 million current LCU in 2016.
- What is the lowest gross fixed capital formation, private sector recorded in Northern Mariana Islands?
- The lowest recorded value was 74.00 million current LCU in 2011.
- How does Northern Mariana Islands rank for gross fixed capital formation, private sector?
- Northern Mariana Islands ranks 98th out of 105 countries with data for 2022.
- Is gross fixed capital formation, private sector rising or falling in Northern Mariana Islands?
- Over the last ten years it is up 48.1%. The long-run trend across the full record is volatile.
- Where does this Northern Mariana Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation, private sector (current LCU). Statizoid updates them automatically from the source API.
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About this data
Private investment covers outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets. 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 series is expressed in local currency units.