Gross Fixed Capital Formation — Value Standard Local Currency in Türkiye
Türkiye: Gross Fixed Capital Formation — Value Standard Local Currency was 13.46 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Türkiye, 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 in Türkiye stood at 13.46 million million SLC. That is the highest value across all 55 years on record.
That represents a change of up 59.1% on the previous year and up 2,178.1% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Türkiye peaked at 13.46 million million SLC in 2024 and was at its lowest, 0.05 million SLC, in 1970.
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 Türkiye, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 0.05 million SLC | — |
| 1971 | 0.057 million SLC | +14.0% |
| 1972 | 0.07 million SLC | +22.8% |
| 1973 | 0.091 million SLC | +30.0% |
| 1974 | 0.127 million SLC | +39.6% |
| 1975 | 0.175 million SLC | +37.8% |
| 1976 | 0.26 million SLC | +48.6% |
| 1977 | 0.323 million SLC | +24.2% |
| 1978 | 0.397 million SLC | +22.9% |
| 1979 | 0.721 million SLC | +81.6% |
| 1980 | 1.09 million SLC | +51.5% |
| 1981 | 2 million SLC | +83.6% |
| 1982 | 2.66 million SLC | +32.5% |
| 1983 | 3.45 million SLC | +30.0% |
| 1984 | 5.48 million SLC | +58.6% |
| 1985 | 10.05 million SLC | +83.5% |
| 1986 | 16.75 million SLC | +66.6% |
| 1987 | 24.3 million SLC | +45.1% |
| 1988 | 44.34 million SLC | +82.5% |
| 1989 | 68.12 million SLC | +53.6% |
| 1990 | 118.13 million SLC | +73.4% |
| 1991 | 197.32 million SLC | +67.0% |
| 1992 | 339.58 million SLC | +72.1% |
| 1993 | 690.59 million SLC | +103.4% |
| 1994 | 1,251 million SLC | +81.2% |
| 1995 | 2,432 million SLC | +94.3% |
| 1996 | 4,871 million SLC | +100.3% |
| 1997 | 10,012 million SLC | +105.5% |
| 1998 | 16,872 million SLC | +68.5% |
| 1999 | 21,346 million SLC | +26.5% |
| 2000 | 38,091 million SLC | +78.4% |
| 2001 | 44,385 million SLC | +16.5% |
| 2002 | 70,520 million SLC | +58.9% |
| 2003 | 97,636 million SLC | +38.5% |
| 2004 | 146,752 million SLC | +50.3% |
| 2005 | 179,663 million SLC | +22.4% |
| 2006 | 226,559 million SLC | +26.1% |
| 2007 | 247,563 million SLC | +9.3% |
| 2008 | 267,250 million SLC | +8.0% |
| 2009 | 223,711 million SLC | -16.3% |
| 2010 | 287,660 million SLC | +28.6% |
| 2011 | 389,784 million SLC | +35.5% |
| 2012 | 427,923 million SLC | +9.8% |
| 2013 | 516,878 million SLC | +20.8% |
| 2014 | 590,695 million SLC | +14.3% |
| 2015 | 694,810 million SLC | +17.6% |
| 2016 | 764,545 million SLC | +10.0% |
| 2017 | 935,635 million SLC | +22.4% |
| 2018 | 1.12 million million SLC | +19.7% |
| 2019 | 1.12 million million SLC | +0.2% |
| 2020 | 1.39 million million SLC | +23.9% |
| 2021 | 2.04 million million SLC | +47.1% |
| 2022 | 4.38 million million SLC | +114.2% |
| 2023 | 8.46 million million SLC | +93.2% |
| 2024 | 13.46 million million SLC | +59.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2271 million SLC | 0.05 million SLC | 0.721 million SLC | 10 |
| 1980s | 17.82 million SLC | 1.09 million SLC | 68.12 million SLC | 10 |
| 1990s | 5,813 million SLC | 118.13 million SLC | 21,346 million SLC | 10 |
| 2000s | 154,213 million SLC | 38,091 million SLC | 267,250 million SLC | 10 |
| 2010s | 684,917 million SLC | 287,660 million SLC | 1.12 million million SLC | 10 |
| 2020s | 5.94 million million SLC | 1.39 million million SLC | 13.46 million million SLC | 5 |
Countries ranked near Türkiye
- 3 Uzbekistan 512.19 million million SLC compare
- 4 Lebanon 451.23 million million SLC compare
- 5 Colombia 298.38 million million SLC compare
- 6 Japan 154.55 million million SLC compare
- 7 India 102.08 million million SLC compare
- 8 Argentina 91.73 million million SLC compare
- 9 Nigeria 90.11 million million SLC compare
More economy & growth data for Türkiye
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.98 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.48 Percent per annum (2029)
- Gross Domestic Product — Value US$ per capita 15,127 USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 324,980 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 883,949 million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 410,189 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.94 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.18 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 18.06 % (2024)
- Gross Domestic Product — Value US$ 1.32 million million USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Türkiye?
- Gross fixed capital formation — value standard local currency in Türkiye was 13.46 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 Türkiye?
- The highest recorded value was 13.46 million million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Türkiye?
- The lowest recorded value was 0.05 million SLC in 1970.
- How does Türkiye rank for gross fixed capital formation — value standard local currency?
- Türkiye ranks 6th out of 12 groups with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Türkiye?
- Over the last ten years it is up 2,178.1%. The long-run trend across the full record is volatile.
- Where does this Türkiye 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).