Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Turkey
Turkey: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 883,949 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Turkey, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency, 2015 in Turkey stood at 883,949 million SLC. That is the highest value across all 55 years on record.
That represents a change of up 3.9% on the previous year and up 39.0% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Turkey peaked at 883,949 million SLC in 2024 and was at its lowest, 38,843 million SLC, in 1971.
That places Turkey 67th out of 222 countries with data for 2024, putting it in the middle of the range.
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 Turkey, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 42,270 million SLC | — |
| 1971 | 38,843 million SLC | -8.1% |
| 1972 | 46,252 million SLC | +19.1% |
| 1973 | 50,055 million SLC | +8.2% |
| 1974 | 75,271 million SLC | +50.4% |
| 1975 | 78,565 million SLC | +4.4% |
| 1976 | 93,988 million SLC | +19.6% |
| 1977 | 73,704 million SLC | -21.6% |
| 1978 | 61,121 million SLC | -17.1% |
| 1979 | 62,803 million SLC | +2.8% |
| 1980 | 52,285 million SLC | -16.7% |
| 1981 | 68,824 million SLC | +31.6% |
| 1982 | 64,893 million SLC | -5.7% |
| 1983 | 66,575 million SLC | +2.6% |
| 1984 | 67,193 million SLC | +0.9% |
| 1985 | 74,895 million SLC | +11.5% |
| 1986 | 81,177 million SLC | +8.4% |
| 1987 | 117,803 million SLC | +45.1% |
| 1988 | 116,577 million SLC | -1.0% |
| 1989 | 119,139 million SLC | +2.2% |
| 1990 | 138,055 million SLC | +15.9% |
| 1991 | 138,652 million SLC | +0.4% |
| 1992 | 147,463 million SLC | +6.4% |
| 1993 | 186,328 million SLC | +26.4% |
| 1994 | 156,575 million SLC | -16.0% |
| 1995 | 170,889 million SLC | +9.1% |
| 1996 | 194,932 million SLC | +14.1% |
| 1997 | 223,851 million SLC | +14.8% |
| 1998 | 215,130 million SLC | -3.9% |
| 1999 | 184,070 million SLC | -14.4% |
| 2000 | 224,397 million SLC | +21.9% |
| 2001 | 163,788 million SLC | -27.0% |
| 2002 | 192,976 million SLC | +17.8% |
| 2003 | 230,402 million SLC | +19.4% |
| 2004 | 303,944 million SLC | +31.9% |
| 2005 | 363,422 million SLC | +19.6% |
| 2006 | 419,339 million SLC | +15.4% |
| 2007 | 442,391 million SLC | +5.5% |
| 2008 | 430,365 million SLC | -2.7% |
| 2009 | 341,901 million SLC | -20.6% |
| 2010 | 416,994 million SLC | +22.0% |
| 2011 | 515,720 million SLC | +23.7% |
| 2012 | 530,482 million SLC | +2.9% |
| 2013 | 606,042 million SLC | +14.2% |
| 2014 | 635,801 million SLC | +4.9% |
| 2015 | 694,810 million SLC | +9.3% |
| 2016 | 710,131 million SLC | +2.2% |
| 2017 | 768,763 million SLC | +8.3% |
| 2018 | 769,871 million SLC | +0.1% |
| 2019 | 673,855 million SLC | -12.5% |
| 2020 | 723,232 million SLC | +7.3% |
| 2021 | 775,520 million SLC | +7.2% |
| 2022 | 785,350 million SLC | +1.3% |
| 2023 | 851,003 million SLC | +8.4% |
| 2024 | 883,949 million SLC | +3.9% |
Turkey compared with similar countries
- Turkey's 883,949 million SLC is above the median for upper middle income countries, which is 139,182 million SLC, 6.4× the median. (54 countries reporting)
- Turkey's 883,949 million SLC is above the median for Europe & Central Asia, which is 93,351 million SLC, 9.5× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 62,287 million SLC | 38,843 million SLC | 93,988 million SLC | 10 |
| 1980s | 82,936 million SLC | 52,285 million SLC | 119,139 million SLC | 10 |
| 1990s | 175,594 million SLC | 138,055 million SLC | 223,851 million SLC | 10 |
| 2000s | 311,292 million SLC | 163,788 million SLC | 442,391 million SLC | 10 |
| 2010s | 632,247 million SLC | 416,994 million SLC | 769,871 million SLC | 10 |
| 2020s | 803,811 million SLC | 723,232 million SLC | 883,949 million SLC | 5 |
Countries ranked near Turkey
More economy & growth data for Turkey
- Foreign direct investment, net outflows (BoP, current US$), gaps 6.61 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0049 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 77.33 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.70 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.77 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0086 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 136.79 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 19.3 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1162 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 2,161 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, 2015 in Turkey?
- Gross fixed capital formation — value standard local currency, 2015 in Turkey was 883,949 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 Turkey?
- The highest recorded value was 883,949 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Turkey?
- The lowest recorded value was 38,843 million SLC in 1971.
- How does Turkey rank for gross fixed capital formation — value standard local currency, 2015?
- Turkey ranks 67th out of 222 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Turkey?
- Over the last ten years it is up 39.0%. The long-run trend across the full record is volatile.
- Where does this Turkey 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.
Download this data
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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).