Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Republic of Korea
Republic of Korea: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 646.38 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Republic of Korea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Republic of Korea recorded 646.38 million million SLC for gross fixed capital formation — value standard local currency, 2015 in 2024. That is the highest value across all 55 years on record.
The figure is up 4.0% on the previous year and up 34.0% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Republic of Korea peaked at 646.38 million million SLC in 2024 and was at its lowest, 13.25 million million SLC, in 1970.
Republic of Korea ranks 2nd of 194 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Republic of Korea, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 13.25 million million SLC | — |
| 1971 | 14.08 million million SLC | +6.3% |
| 1972 | 14.46 million million SLC | +2.6% |
| 1973 | 18.24 million million SLC | +26.2% |
| 1974 | 20.88 million million SLC | +14.5% |
| 1975 | 23.05 million million SLC | +10.4% |
| 1976 | 29.45 million million SLC | +27.8% |
| 1977 | 39.08 million million SLC | +32.7% |
| 1978 | 52.94 million million SLC | +35.5% |
| 1979 | 58.07 million million SLC | +9.7% |
| 1980 | 51.60 million million SLC | -11.1% |
| 1981 | 50.54 million million SLC | -2.1% |
| 1982 | 56.46 million million SLC | +11.7% |
| 1983 | 65.57 million million SLC | +16.1% |
| 1984 | 73.28 million million SLC | +11.8% |
| 1985 | 77.98 million million SLC | +6.4% |
| 1986 | 89.40 million million SLC | +14.6% |
| 1987 | 106.06 million million SLC | +18.6% |
| 1988 | 121.11 million million SLC | +14.2% |
| 1989 | 140.81 million million SLC | +16.3% |
| 1990 | 175.45 million million SLC | +24.6% |
| 1991 | 200.84 million million SLC | +14.5% |
| 1992 | 205.69 million million SLC | +2.4% |
| 1993 | 222.28 million million SLC | +8.1% |
| 1994 | 254.19 million million SLC | +14.4% |
| 1995 | 287.31 million million SLC | +13.0% |
| 1996 | 312.18 million million SLC | +8.7% |
| 1997 | 310.55 million million SLC | -0.5% |
| 1998 | 246.25 million million SLC | -20.7% |
| 1999 | 270.79 million million SLC | +10.0% |
| 2000 | 310.75 million million SLC | +14.8% |
| 2001 | 318.48 million million SLC | +2.5% |
| 2002 | 343.57 million million SLC | +7.9% |
| 2003 | 362.94 million million SLC | +5.6% |
| 2004 | 375.08 million million SLC | +3.3% |
| 2005 | 382.11 million million SLC | +1.9% |
| 2006 | 397.81 million million SLC | +4.1% |
| 2007 | 417.66 million million SLC | +5.0% |
| 2008 | 415.68 million million SLC | -0.5% |
| 2009 | 419.23 million million SLC | +0.9% |
| 2010 | 447.15 million million SLC | +6.7% |
| 2011 | 455.80 million million SLC | +1.9% |
| 2012 | 454.65 million million SLC | -0.3% |
| 2013 | 465.77 million million SLC | +2.4% |
| 2014 | 482.53 million million SLC | +3.6% |
| 2015 | 507.96 million million SLC | +5.3% |
| 2016 | 542.68 million million SLC | +6.8% |
| 2017 | 596.65 million million SLC | +9.9% |
| 2018 | 584.73 million million SLC | -2.0% |
| 2019 | 572.52 million million SLC | -2.1% |
| 2020 | 588.45 million million SLC | +2.8% |
| 2021 | 613.86 million million SLC | +4.3% |
| 2022 | 612.81 million million SLC | -0.2% |
| 2023 | 621.52 million million SLC | +1.4% |
| 2024 | 646.38 million million SLC | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.35 million million SLC | 13.25 million million SLC | 58.07 million million SLC | 10 |
| 1980s | 83.28 million million SLC | 50.54 million million SLC | 140.81 million million SLC | 10 |
| 1990s | 248.55 million million SLC | 175.45 million million SLC | 312.18 million million SLC | 10 |
| 2000s | 374.33 million million SLC | 310.75 million million SLC | 419.23 million million SLC | 10 |
| 2010s | 511.04 million million SLC | 447.15 million million SLC | 596.65 million million SLC | 10 |
| 2020s | 616.60 million million SLC | 588.45 million million SLC | 646.38 million million SLC | 5 |
Countries ranked near Republic of Korea
- 1 Côte d'Ivoire 13.20 million million SLC compare
- 1 Indonesia 5.23 billion million SLC compare
- 1 Iran (Islamic Republic of) 2.84 billion million SLC compare
- 2 Viet Nam 2.73 billion million SLC compare
- 3 Cabo Verde 29,020 million SLC compare
- 3 Colombia 179.68 million million SLC compare
- 3 United Republic of Tanzania 72.40 million million SLC compare
- 4 Democratic Republic of the Congo 65.40 million million SLC compare
- 4 Uzbekistan 167.34 million million SLC compare
- 5 Japan 137.68 million million SLC compare
- 5 Lao People's Democratic Republic 52.72 million million SLC 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$, 2015 prices 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 32.07 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 599,124 million USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, 2015 in Republic of Korea?
- Gross fixed capital formation — value standard local currency, 2015 in Republic of Korea was 646.38 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Republic of Korea?
- The highest recorded value was 646.38 million million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Republic of Korea?
- The lowest recorded value was 13.25 million million SLC in 1970.
- How does Republic of Korea rank for gross fixed capital formation — value standard local currency, 2015?
- Republic of Korea ranks 2nd out of 194 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Republic of Korea?
- Over the last ten years it is up 34.0%. The long-run trend across the full record is volatile.
- 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 — Value Standard Local Currency, 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).