Gross fixed capital formation, private sector in Northern Mariana Islands
Northern Mariana Islands: Gross fixed capital formation, private sector was 10.7% in 2022. ▲ Rising
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 % of GDP.
Analysis
Northern Mariana Islands recorded 10.7% for gross fixed capital formation, private sector in 2022.
That represents a change of down 6.2% on the previous year and up 0.8% over ten years.
Over the whole period, gross fixed capital formation, private sector in Northern Mariana Islands peaked at 32.4% in 2016 and was at its lowest, 6.2%, in 2002.
That places Northern Mariana Islands 86th out of 106 countries with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Gross fixed capital formation, private sector in Northern Mariana Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | 6.2% | — |
| 2003 | 6.3% | +1.0% |
| 2004 | 8.1% | +28.7% |
| 2005 | 9.1% | +12.9% |
| 2006 | 9.3% | +1.6% |
| 2007 | 8.4% | -9.4% |
| 2008 | 8.8% | +5.0% |
| 2009 | 10.7% | +21.0% |
| 2010 | 9.6% | -9.9% |
| 2011 | 10.2% | +5.3% |
| 2012 | 10.6% | +4.3% |
| 2013 | 11.4% | +7.6% |
| 2014 | 13.5% | +18.1% |
| 2015 | 21.1% | +56.7% |
| 2016 | 32.4% | +53.4% |
| 2017 | 24.3% | -24.9% |
| 2018 | 17.1% | -29.8% |
| 2019 | 15.5% | -9.0% |
| 2020 | 12.1% | -21.9% |
| 2021 | 11.4% | -6.2% |
| 2022 | 10.7% | -6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.4% | 6.2% | 10.7% | 8 |
| 2010s | 16.6% | 9.6% | 32.4% | 10 |
| 2020s | 11.4% | 10.7% | 12.1% | 3 |
Countries ranked near Northern Mariana Islands
- 83 Haiti 11.1% compare
- 84 Hong Kong, China 11.0% compare
- 85 Guinea 10.8%
- 87 Afghanistan 10.4%
- 88 Eritrea 10.3% compare
- 89 Colombia 10.2%
More economy & growth data for Northern Mariana Islands
- Imports of goods and services (current US$), annual growth rate 16.67 % change on previous year (2022)
- GDP per capita 19,462 constant 2015 US$ (2022)
- Exports of goods and services (current LCU), per capita 5,295 current LCU per person (2022)
- Exports of goods and services (constant 2015 US$), annual growth rate 323.91 % change on previous year (2022)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.1893 constant 2015 US$ per US$ of GDP (2022)
- Exports of goods and services (constant 2015 US$), per capita 4,503 constant 2015 US$ per person (2022)
- Imports of goods and services (current US$), per unit of GDP 0.7089 current US$ per US$ of GDP (2022)
- Imports of goods and services (current LCU), annual growth rate 16.67 % change on previous year (2022)
- Imports of goods and services (current US$), per capita 16,863 current US$ per person (2022)
- Exports of goods and services (current LCU), per unit of GDP 0.2226 current LCU per US$ of GDP (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 10.7% 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 32.4% in 2016.
- What is the lowest gross fixed capital formation, private sector recorded in Northern Mariana Islands?
- The lowest recorded value was 6.2% in 2002.
- How does Northern Mariana Islands rank for gross fixed capital formation, private sector?
- Northern Mariana Islands ranks 86th out of 106 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 0.8%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.