Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Caribbean
Caribbean: Gross Fixed Capital Formation — Value US$, 2015 prices was 64,099 million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices in Caribbean, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross fixed capital formation — value us$, 2015 prices in Caribbean stood at 64,099 million USD.
The figure is up 2.1% on the previous year and up 34.7% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Caribbean peaked at 66,243 million USD in 2019 and was at its lowest, 16,966 million USD, in 1970.
That places Caribbean 52nd out of 235 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices in Caribbean, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 16,966 million USD | — |
| 1971 | 18,819 million USD | +10.9% |
| 1972 | 19,511 million USD | +3.7% |
| 1973 | 19,343 million USD | -0.9% |
| 1974 | 19,408 million USD | +0.3% |
| 1975 | 21,111 million USD | +8.8% |
| 1976 | 20,122 million USD | -4.7% |
| 1977 | 19,523 million USD | -3.0% |
| 1978 | 20,944 million USD | +7.3% |
| 1979 | 22,151 million USD | +5.8% |
| 1980 | 22,813 million USD | +3.0% |
| 1981 | 23,007 million USD | +0.9% |
| 1982 | 22,039 million USD | -4.2% |
| 1983 | 22,330 million USD | +1.3% |
| 1984 | 23,261 million USD | +4.2% |
| 1985 | 24,380 million USD | +4.8% |
| 1986 | 22,844 million USD | -6.3% |
| 1987 | 24,090 million USD | +5.5% |
| 1988 | 26,410 million USD | +9.6% |
| 1989 | 29,347 million USD | +11.1% |
| 1990 | 28,527 million USD | -2.8% |
| 1991 | 26,231 million USD | -8.0% |
| 1992 | 24,179 million USD | -7.8% |
| 1993 | 23,625 million USD | -2.3% |
| 1994 | 23,927 million USD | +1.3% |
| 1995 | 26,432 million USD | +10.5% |
| 1996 | 29,346 million USD | +11.0% |
| 1997 | 33,427 million USD | +13.9% |
| 1998 | 37,010 million USD | +10.7% |
| 1999 | 38,292 million USD | +3.5% |
| 2000 | 40,678 million USD | +6.2% |
| 2001 | 40,568 million USD | -0.3% |
| 2002 | 40,237 million USD | -0.8% |
| 2003 | 39,352 million USD | -2.2% |
| 2004 | 40,004 million USD | +1.7% |
| 2005 | 44,811 million USD | +12.0% |
| 2006 | 49,050 million USD | +9.5% |
| 2007 | 49,783 million USD | +1.5% |
| 2008 | 49,928 million USD | +0.3% |
| 2009 | 44,064 million USD | -11.7% |
| 2010 | 45,153 million USD | +2.5% |
| 2011 | 45,193 million USD | +0.1% |
| 2012 | 47,937 million USD | +6.1% |
| 2013 | 45,250 million USD | -5.6% |
| 2014 | 47,588 million USD | +5.2% |
| 2015 | 52,746 million USD | +10.8% |
| 2016 | 56,221 million USD | +6.6% |
| 2017 | 54,066 million USD | -3.8% |
| 2018 | 63,520 million USD | +17.5% |
| 2019 | 66,243 million USD | +4.3% |
| 2020 | 55,797 million USD | -15.8% |
| 2021 | 59,833 million USD | +7.2% |
| 2022 | 59,500 million USD | -0.6% |
| 2023 | 62,763 million USD | +5.5% |
| 2024 | 64,099 million USD | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19,790 million USD | 16,966 million USD | 22,151 million USD | 10 |
| 1980s | 24,052 million USD | 22,039 million USD | 29,347 million USD | 10 |
| 1990s | 29,100 million USD | 23,625 million USD | 38,292 million USD | 10 |
| 2000s | 43,848 million USD | 39,352 million USD | 49,928 million USD | 10 |
| 2010s | 52,392 million USD | 45,153 million USD | 66,243 million USD | 10 |
| 2020s | 60,398 million USD | 55,797 million USD | 64,099 million USD | 5 |
Countries ranked near Caribbean
More economy & growth data for Caribbean
- Gross Domestic Product, GDP in millions constant 2021 international $ 828,667 (2027)
- Gross Domestic Product — Annual growth US$ per capita 6.36 % (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 0.3236 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 2.13 % change on previous year (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 16.77 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 15.55 % (2024)
- Gross Fixed Capital Formation — Value US$ 92,184 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.59 % (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 8,773 USD (2024)
- Gross Domestic Product — Value US$ per capita 13,606 USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Caribbean?
- Gross fixed capital formation — value us$, 2015 prices in Caribbean was 64,099 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Caribbean?
- The highest recorded value was 66,243 million USD in 2019.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Caribbean?
- The lowest recorded value was 16,966 million USD in 1970.
- How does Caribbean rank for gross fixed capital formation — value us$, 2015 prices?
- Caribbean ranks 52nd out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Caribbean?
- Over the last ten years it is up 34.7%. The long-run trend across the full record is rising.
- Where does this Caribbean data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 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).