Gross Fixed Capital Formation — Share of GDP US$, 2015 prices in Republic of Korea
Republic of Korea: Gross Fixed Capital Formation — Share of GDP US$, 2015 prices was 29.86 % in 2024. ▲ Rising
Gross Fixed Capital Formation — Share of GDP US$, 2015 prices in Republic of Korea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Republic of Korea recorded 29.86 % for gross fixed capital formation — share of gdp us$, 2015 prices in 2024.
That represents a change of up 1.9% on the previous year and up 4.7% over ten years.
Over the whole period, gross fixed capital formation — share of gdp us$, 2015 prices in Republic of Korea peaked at 40.71 % in 1996 and was at its lowest, 16.68 %, in 1972.
That places Republic of Korea 37th out of 203 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Share of GDP US$, 2015 prices in Republic of Korea, year by year
| Year | % | Change |
|---|---|---|
| 1970 | 18.15 % | — |
| 1971 | 17.44 % | -3.9% |
| 1972 | 16.68 % | -4.4% |
| 1973 | 18.31 % | +9.7% |
| 1974 | 19.11 % | +4.4% |
| 1975 | 19.55 % | +2.3% |
| 1976 | 22.05 % | +12.8% |
| 1977 | 26.04 % | +18.1% |
| 1978 | 31.76 % | +22.0% |
| 1979 | 32.04 % | +0.9% |
| 1980 | 28.91 % | -9.8% |
| 1981 | 26.36 % | -8.8% |
| 1982 | 27.15 % | +3.0% |
| 1983 | 27.79 % | +2.4% |
| 1984 | 28.07 % | +1.0% |
| 1985 | 27.67 % | -1.4% |
| 1986 | 28.45 % | +2.8% |
| 1987 | 29.9 % | +5.1% |
| 1988 | 30.45 % | +1.8% |
| 1989 | 33.04 % | +8.5% |
| 1990 | 37.41 % | +13.3% |
| 1991 | 38.63 % | +3.2% |
| 1992 | 37.2 % | -3.7% |
| 1993 | 37.57 % | +1.0% |
| 1994 | 39.28 % | +4.6% |
| 1995 | 40.46 % | +3.0% |
| 1996 | 40.71 % | +0.6% |
| 1997 | 38.1 % | -6.4% |
| 1998 | 31.78 % | -16.6% |
| 1999 | 31.31 % | -1.5% |
| 2000 | 32.91 % | +5.1% |
| 2001 | 32.2 % | -2.1% |
| 2002 | 32.24 % | +0.1% |
| 2003 | 33.04 % | +2.5% |
| 2004 | 32.47 % | -1.7% |
| 2005 | 31.69 % | -2.4% |
| 2006 | 31.35 % | -1.1% |
| 2007 | 31.1 % | -0.8% |
| 2008 | 30.05 % | -3.4% |
| 2009 | 30.06 % | +0.0% |
| 2010 | 29.97 % | -0.3% |
| 2011 | 29.46 % | -1.7% |
| 2012 | 28.66 % | -2.7% |
| 2013 | 28.42 % | -0.8% |
| 2014 | 28.53 % | +0.4% |
| 2015 | 29.18 % | +2.3% |
| 2016 | 30.22 % | +3.6% |
| 2017 | 32.12 % | +6.3% |
| 2018 | 30.51 % | -5.0% |
| 2019 | 29.2 % | -4.3% |
| 2020 | 30.22 % | +3.5% |
| 2021 | 30.13 % | -0.3% |
| 2022 | 29.28 % | -2.8% |
| 2023 | 29.29 % | +0.0% |
| 2024 | 29.86 % | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.11 % | 16.68 % | 32.04 % | 10 |
| 1980s | 28.78 % | 26.36 % | 33.04 % | 10 |
| 1990s | 37.25 % | 31.31 % | 40.71 % | 10 |
| 2000s | 31.71 % | 30.05 % | 33.04 % | 10 |
| 2010s | 29.63 % | 28.42 % | 32.12 % | 10 |
| 2020s | 29.76 % | 29.28 % | 30.22 % | 5 |
Countries ranked near Republic of Korea
- 34 Congo 31.33 % compare
- 35 Estonia 31.13 % compare
- 36 Saudi Arabia 30.1 % compare
- 38 Nepal 29.69 % compare
- 39 New Caledonia 29.19 % compare
- 40 Sao Tome and Principe 29.17 % compare
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$ 32.07 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 599,124 million USD (2024)
Frequently asked questions
- What is gross fixed capital formation — share of gdp us$, 2015 prices in Republic of Korea?
- Gross fixed capital formation — share of gdp us$, 2015 prices in Republic of Korea was 29.86 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — share of gdp us$, 2015 prices recorded in Republic of Korea?
- The highest recorded value was 40.71 % in 1996.
- What is the lowest gross fixed capital formation — share of gdp us$, 2015 prices recorded in Republic of Korea?
- The lowest recorded value was 16.68 % in 1972.
- How does Republic of Korea rank for gross fixed capital formation — share of gdp us$, 2015 prices?
- Republic of Korea ranks 37th out of 203 countries with data for 2024.
- Is gross fixed capital formation — share of gdp us$, 2015 prices rising or falling in Republic of Korea?
- Over the last ten years it is up 4.7%. 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 — Share of GDP US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).