Gross Fixed Capital Formation — Value Standard Local Currency in Saudi Arabia
Saudi Arabia: Gross Fixed Capital Formation — Value Standard Local Currency was 1.17 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Saudi Arabia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Saudi Arabia recorded 1.17 million million SLC for gross fixed capital formation — value standard local currency in 2024. That is the highest value across all 55 years on record.
The figure is up 4.5% on the previous year and up 62.8% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Saudi Arabia peaked at 1.17 million million SLC in 2024 and was at its lowest, 3,069 million SLC, in 1970.
Saudi Arabia ranks 61st of 202 countries on this measure, 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 in Saudi Arabia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 3,069 million SLC | — |
| 1971 | 3,515 million SLC | +14.6% |
| 1972 | 4,892 million SLC | +39.2% |
| 1973 | 7,745 million SLC | +58.3% |
| 1974 | 14,242 million SLC | +83.9% |
| 1975 | 28,617 million SLC | +100.9% |
| 1976 | 48,358 million SLC | +69.0% |
| 1977 | 66,767 million SLC | +38.1% |
| 1978 | 81,836 million SLC | +22.6% |
| 1979 | 93,680 million SLC | +14.5% |
| 1980 | 113,438 million SLC | +21.1% |
| 1981 | 132,262 million SLC | +16.6% |
| 1982 | 130,767 million SLC | -1.1% |
| 1983 | 120,238 million SLC | -8.1% |
| 1984 | 106,050 million SLC | -11.8% |
| 1985 | 83,873 million SLC | -20.9% |
| 1986 | 72,696 million SLC | -13.3% |
| 1987 | 71,660 million SLC | -1.4% |
| 1988 | 62,556 million SLC | -12.7% |
| 1989 | 66,392 million SLC | +6.1% |
| 1990 | 83,251 million SLC | +25.4% |
| 1991 | 100,480 million SLC | +20.7% |
| 1992 | 103,955 million SLC | +3.5% |
| 1993 | 108,824 million SLC | +4.7% |
| 1994 | 93,002 million SLC | -14.5% |
| 1995 | 103,316 million SLC | +11.1% |
| 1996 | 102,848 million SLC | -0.5% |
| 1997 | 109,241 million SLC | +6.2% |
| 1998 | 112,959 million SLC | +3.4% |
| 1999 | 118,196 million SLC | +4.6% |
| 2000 | 123,324 million SLC | +4.3% |
| 2001 | 126,095 million SLC | +2.2% |
| 2002 | 128,066 million SLC | +1.6% |
| 2003 | 148,098 million SLC | +15.6% |
| 2004 | 185,872 million SLC | +25.5% |
| 2005 | 237,691 million SLC | +27.9% |
| 2006 | 288,680 million SLC | +21.5% |
| 2007 | 368,687 million SLC | +27.7% |
| 2008 | 444,499 million SLC | +20.6% |
| 2009 | 414,452 million SLC | -6.8% |
| 2010 | 483,921 million SLC | +16.8% |
| 2011 | 568,828 million SLC | +17.5% |
| 2012 | 615,175 million SLC | +8.1% |
| 2013 | 663,415 million SLC | +7.8% |
| 2014 | 716,601 million SLC | +8.0% |
| 2015 | 737,002 million SLC | +2.8% |
| 2016 | 639,553 million SLC | -13.2% |
| 2017 | 642,097 million SLC | +0.4% |
| 2018 | 657,827 million SLC | +2.4% |
| 2019 | 703,955 million SLC | +7.0% |
| 2020 | 663,546 million SLC | -5.7% |
| 2021 | 796,504 million SLC | +20.0% |
| 2022 | 1.02 million million SLC | +28.6% |
| 2023 | 1.12 million million SLC | +9.0% |
| 2024 | 1.17 million million SLC | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 35,272 million SLC | 3,069 million SLC | 93,680 million SLC | 10 |
| 1980s | 95,993 million SLC | 62,556 million SLC | 132,262 million SLC | 10 |
| 1990s | 103,607 million SLC | 83,251 million SLC | 118,196 million SLC | 10 |
| 2000s | 246,546 million SLC | 123,324 million SLC | 444,499 million SLC | 10 |
| 2010s | 642,837 million SLC | 483,921 million SLC | 737,002 million SLC | 10 |
| 2020s | 953,516 million SLC | 663,546 million SLC | 1.17 million million SLC | 5 |
Countries ranked near Saudi Arabia
More economy & growth data for Saudi Arabia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.26 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.52 Percent per annum (2029)
- GNI (current LCU), annual growth rate 1.96 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 3.78 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 130,594 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 22.44 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 22.44 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 2.86 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0551 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 1,904 current US$ per person (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Saudi Arabia?
- Gross fixed capital formation — value standard local currency in Saudi Arabia was 1.17 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 recorded in Saudi Arabia?
- The highest recorded value was 1.17 million million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Saudi Arabia?
- The lowest recorded value was 3,069 million SLC in 1970.
- How does Saudi Arabia rank for gross fixed capital formation — value standard local currency?
- Saudi Arabia ranks 61st out of 202 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Saudi Arabia?
- Over the last ten years it is up 62.8%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia 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. 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).