Gross Fixed Capital Formation — Value Standard Local Currency in United Kingdom
United Kingdom: Gross Fixed Capital Formation — Value Standard Local Currency was 479,736 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in United Kingdom, 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 United Kingdom stood at 479,736 million SLC. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.8% on the previous year and up 52.4% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in United Kingdom peaked at 479,736 million SLC in 2024 and was at its lowest, 12,841 million SLC, in 1970.
That places United Kingdom 92nd out of 230 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 in United Kingdom, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 12,841 million SLC | — |
| 1971 | 14,396 million SLC | +12.1% |
| 1972 | 15,803 million SLC | +9.8% |
| 1973 | 19,497 million SLC | +23.4% |
| 1974 | 23,217 million SLC | +19.1% |
| 1975 | 27,980 million SLC | +20.5% |
| 1976 | 32,706 million SLC | +16.9% |
| 1977 | 36,164 million SLC | +10.6% |
| 1978 | 41,312 million SLC | +14.2% |
| 1979 | 49,171 million SLC | +19.0% |
| 1980 | 55,631 million SLC | +13.1% |
| 1981 | 55,802 million SLC | +0.3% |
| 1982 | 61,145 million SLC | +9.6% |
| 1983 | 66,457 million SLC | +8.7% |
| 1984 | 75,614 million SLC | +13.8% |
| 1985 | 83,144 million SLC | +10.0% |
| 1986 | 88,510 million SLC | +6.5% |
| 1987 | 101,092 million SLC | +14.2% |
| 1988 | 125,402 million SLC | +24.0% |
| 1989 | 144,740 million SLC | +15.4% |
| 1990 | 146,048 million SLC | +0.9% |
| 1991 | 135,134 million SLC | -7.5% |
| 1992 | 130,355 million SLC | -3.5% |
| 1993 | 131,335 million SLC | +0.8% |
| 1994 | 140,777 million SLC | +7.2% |
| 1995 | 154,667 million SLC | +9.9% |
| 1996 | 170,008 million SLC | +9.9% |
| 1997 | 164,920 million SLC | -3.0% |
| 1998 | 177,000 million SLC | +7.3% |
| 1999 | 184,237 million SLC | +4.1% |
| 2000 | 197,097 million SLC | +7.0% |
| 2001 | 205,453 million SLC | +4.2% |
| 2002 | 213,843 million SLC | +4.1% |
| 2003 | 223,145 million SLC | +4.3% |
| 2004 | 232,259 million SLC | +4.1% |
| 2005 | 247,672 million SLC | +6.6% |
| 2006 | 264,996 million SLC | +7.0% |
| 2007 | 281,359 million SLC | +6.2% |
| 2008 | 281,063 million SLC | -0.1% |
| 2009 | 252,422 million SLC | -10.2% |
| 2010 | 258,728 million SLC | +2.5% |
| 2011 | 261,896 million SLC | +1.2% |
| 2012 | 270,371 million SLC | +3.2% |
| 2013 | 291,659 million SLC | +7.9% |
| 2014 | 314,765 million SLC | +7.9% |
| 2015 | 333,852 million SLC | +6.1% |
| 2016 | 358,104 million SLC | +7.3% |
| 2017 | 380,854 million SLC | +6.4% |
| 2018 | 390,150 million SLC | +2.4% |
| 2019 | 409,303 million SLC | +4.9% |
| 2020 | 368,530 million SLC | -10.0% |
| 2021 | 412,857 million SLC | +12.0% |
| 2022 | 430,720 million SLC | +4.3% |
| 2023 | 462,228 million SLC | +7.3% |
| 2024 | 479,736 million SLC | +3.8% |
United Kingdom compared with similar countries
- United Kingdom's 479,736 million SLC is above the median for high income countries, which is 36,467 million SLC, 13.2× the median. (73 countries reporting)
- United Kingdom's 479,736 million SLC is above the median for Europe & Central Asia, which is 116,713 million SLC, 4.1× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 27,309 million SLC | 12,841 million SLC | 49,171 million SLC | 10 |
| 1980s | 85,754 million SLC | 55,631 million SLC | 144,740 million SLC | 10 |
| 1990s | 153,448 million SLC | 130,355 million SLC | 184,237 million SLC | 10 |
| 2000s | 239,931 million SLC | 197,097 million SLC | 281,359 million SLC | 10 |
| 2010s | 326,968 million SLC | 258,728 million SLC | 409,303 million SLC | 10 |
| 2020s | 430,814 million SLC | 368,530 million SLC | 479,736 million SLC | 5 |
Countries ranked near United Kingdom
- 89 Guyana 523,012 million SLC compare
- 90 China, Hong Kong SAR 509,321 million SLC compare
- 91 Italy 483,380 million SLC compare
- 92 United Kingdom of Great Britain and Northern Ireland 479,736 million SLC compare
- 94 Kyrgyzstan 467,192 million SLC compare
- 95 Mozambique 461,543 million SLC compare
More economy & growth data for United Kingdom
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.14 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 86.93 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0217 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,251 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 76.63 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 691.49 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0191 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,103 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 22.77 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in United Kingdom?
- Gross fixed capital formation — value standard local currency in United Kingdom was 479,736 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 United Kingdom?
- The highest recorded value was 479,736 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in United Kingdom?
- The lowest recorded value was 12,841 million SLC in 1970.
- How does United Kingdom rank for gross fixed capital formation — value standard local currency?
- United Kingdom ranks 92nd out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in United Kingdom?
- Over the last ten years it is up 52.4%. The long-run trend across the full record is volatile.
- Where does this United Kingdom 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).