Gross Fixed Capital Formation — Share of GDP US$ in Western Asia
Western Asia: Gross Fixed Capital Formation — Share of GDP US$ was 26.14 % in 2024. ▲ Rising
Gross Fixed Capital Formation — Share of GDP US$ in Western Asia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Western Asia recorded 26.14 % for gross fixed capital formation — share of gdp us$ in 2024.
The figure is up 1.1% on the previous year and up 5.4% over ten years.
Over the whole period, gross fixed capital formation — share of gdp us$ in Western Asia peaked at 27.42 % in 2015 and was at its lowest, 15.95 %, in 1974.
Western Asia ranks 5th of 29 groups on this measure, 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$ in Western Asia, year by year
| Year | % | Change |
|---|---|---|
| 1970 | 17.9 % | — |
| 1971 | 17.29 % | -3.4% |
| 1972 | 18.05 % | +4.4% |
| 1973 | 19.03 % | +5.4% |
| 1974 | 15.95 % | -16.2% |
| 1975 | 20.98 % | +31.5% |
| 1976 | 23.71 % | +13.0% |
| 1977 | 25.55 % | +7.8% |
| 1978 | 25.82 % | +1.1% |
| 1979 | 23.23 % | -10.0% |
| 1980 | 20.84 % | -10.3% |
| 1981 | 22.6 % | +8.5% |
| 1982 | 25.05 % | +10.8% |
| 1983 | 25.49 % | +1.8% |
| 1984 | 23.96 % | -6.0% |
| 1985 | 22.44 % | -6.3% |
| 1986 | 23.56 % | +5.0% |
| 1987 | 22.01 % | -6.6% |
| 1988 | 21.3 % | -3.2% |
| 1989 | 20.15 % | -5.4% |
| 1990 | 20.55 % | +2.0% |
| 1991 | 22.57 % | +9.8% |
| 1992 | 22.7 % | +0.6% |
| 1993 | 23.93 % | +5.4% |
| 1994 | 22.75 % | -5.0% |
| 1995 | 23.02 % | +1.2% |
| 1996 | 22.76 % | -1.1% |
| 1997 | 23.13 % | +1.6% |
| 1998 | 23.29 % | +0.7% |
| 1999 | 20.65 % | -11.4% |
| 2000 | 19.84 % | -3.9% |
| 2001 | 19.2 % | -3.2% |
| 2002 | 19.84 % | +3.4% |
| 2003 | 20.7 % | +4.3% |
| 2004 | 21.84 % | +5.5% |
| 2005 | 22.66 % | +3.8% |
| 2006 | 23.5 % | +3.7% |
| 2007 | 25.13 % | +6.9% |
| 2008 | 24.6 % | -2.1% |
| 2009 | 24.05 % | -2.2% |
| 2010 | 23.77 % | -1.2% |
| 2011 | 23.52 % | -1.1% |
| 2012 | 22.86 % | -2.8% |
| 2013 | 23.86 % | +4.4% |
| 2014 | 24.8 % | +3.9% |
| 2015 | 27.42 % | +10.6% |
| 2016 | 26.68 % | -2.7% |
| 2017 | 25.34 % | -5.0% |
| 2018 | 23.83 % | -6.0% |
| 2019 | 23.66 % | -0.7% |
| 2020 | 23.76 % | +0.4% |
| 2021 | 23.85 % | +0.4% |
| 2022 | 23.52 % | -1.4% |
| 2023 | 25.84 % | +9.9% |
| 2024 | 26.14 % | +1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20.75 % | 15.95 % | 25.82 % | 10 |
| 1980s | 22.74 % | 20.15 % | 25.49 % | 10 |
| 1990s | 22.54 % | 20.55 % | 23.93 % | 10 |
| 2000s | 22.14 % | 19.2 % | 25.13 % | 10 |
| 2010s | 24.58 % | 22.86 % | 27.42 % | 10 |
| 2020s | 24.62 % | 23.52 % | 26.14 % | 5 |
Countries ranked near Western Asia
More economy & growth data for Western Asia
- Gross Domestic Product, GDP in millions constant 2021 international $ 4.37 million (2027)
- Gross Domestic Product — Value US$ 4.55 million million USD (2024)
- Gross Fixed Capital Formation — Value US$ 1.19 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 14,704 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 12,408 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 3.84 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 6.59 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 4.74 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 26.15 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 2.46 % (2024)
Frequently asked questions
- What is gross fixed capital formation — share of gdp us$ in Western Asia?
- Gross fixed capital formation — share of gdp us$ in Western Asia was 26.14 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — share of gdp us$ recorded in Western Asia?
- The highest recorded value was 27.42 % in 2015.
- What is the lowest gross fixed capital formation — share of gdp us$ recorded in Western Asia?
- The lowest recorded value was 15.95 % in 1974.
- How does Western Asia rank for gross fixed capital formation — share of gdp us$?
- Western Asia ranks 5th out of 29 groups with data for 2024.
- Is gross fixed capital formation — share of gdp us$ rising or falling in Western Asia?
- Over the last ten years it is up 5.4%. The long-run trend across the full record is rising.
- Where does this Western Asia 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$. 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).