Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Melanesia
Melanesia: Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) was 6,546 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Melanesia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices in Melanesia is 6,546 million USD, measured in 2024.
The figure is up 2.0% on the previous year and down 29.3% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Melanesia peaked at 9,672 million USD in 2013 and was at its lowest, 1,464 million USD, in 1985.
Melanesia ranks 119th of 235 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Melanesia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 2,843 million USD | — |
| 1971 | 2,393 million USD | -15.8% |
| 1972 | 2,098 million USD | -12.3% |
| 1973 | 1,789 million USD | -14.7% |
| 1974 | 1,826 million USD | +2.1% |
| 1975 | 1,898 million USD | +3.9% |
| 1976 | 1,715 million USD | -9.6% |
| 1977 | 1,689 million USD | -1.5% |
| 1978 | 1,862 million USD | +10.2% |
| 1979 | 1,889 million USD | +1.5% |
| 1980 | 1,948 million USD | +3.2% |
| 1981 | 1,852 million USD | -5.0% |
| 1982 | 1,973 million USD | +6.6% |
| 1983 | 1,873 million USD | -5.1% |
| 1984 | 1,640 million USD | -12.4% |
| 1985 | 1,464 million USD | -10.7% |
| 1986 | 1,693 million USD | +15.6% |
| 1987 | 1,751 million USD | +3.4% |
| 1988 | 2,020 million USD | +15.4% |
| 1989 | 2,169 million USD | +7.4% |
| 1990 | 2,318 million USD | +6.9% |
| 1991 | 2,536 million USD | +9.4% |
| 1992 | 2,422 million USD | -4.5% |
| 1993 | 2,372 million USD | -2.1% |
| 1994 | 2,415 million USD | +1.8% |
| 1995 | 2,501 million USD | +3.6% |
| 1996 | 2,990 million USD | +19.5% |
| 1997 | 2,795 million USD | -6.5% |
| 1998 | 2,960 million USD | +5.9% |
| 1999 | 3,084 million USD | +4.2% |
| 2000 | 3,471 million USD | +12.6% |
| 2001 | 3,663 million USD | +5.6% |
| 2002 | 3,994 million USD | +9.0% |
| 2003 | 4,252 million USD | +6.5% |
| 2004 | 4,192 million USD | -1.4% |
| 2005 | 4,303 million USD | +2.6% |
| 2006 | 4,701 million USD | +9.3% |
| 2007 | 4,915 million USD | +4.5% |
| 2008 | 5,721 million USD | +16.4% |
| 2009 | 6,314 million USD | +10.4% |
| 2010 | 8,082 million USD | +28.0% |
| 2011 | 9,150 million USD | +13.2% |
| 2012 | 9,435 million USD | +3.1% |
| 2013 | 9,672 million USD | +2.5% |
| 2014 | 9,257 million USD | -4.3% |
| 2015 | 6,057 million USD | -34.6% |
| 2016 | 6,020 million USD | -0.6% |
| 2017 | 6,144 million USD | +2.1% |
| 2018 | 6,148 million USD | +0.1% |
| 2019 | 6,162 million USD | +0.2% |
| 2020 | 6,078 million USD | -1.4% |
| 2021 | 6,103 million USD | +0.4% |
| 2022 | 6,438 million USD | +5.5% |
| 2023 | 6,419 million USD | -0.3% |
| 2024 | 6,546 million USD | +2.0% |
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Melanesia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | -34.6% | 9,257 million USD | 6,057 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,000 million USD | 1,689 million USD | 2,843 million USD | 10 |
| 1980s | 1,838 million USD | 1,464 million USD | 2,169 million USD | 10 |
| 1990s | 2,639 million USD | 2,318 million USD | 3,084 million USD | 10 |
| 2000s | 4,552 million USD | 3,471 million USD | 6,314 million USD | 10 |
| 2010s | 7,613 million USD | 6,020 million USD | 9,672 million USD | 10 |
| 2020s | 6,317 million USD | 6,078 million USD | 6,546 million USD | 5 |
Countries ranked near Melanesia
More economy & growth data for Melanesia
- Gross Domestic Product — Value US$ per capita, 2015 prices 3,365 USD (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 2.11 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 1.98 % change on previous year (2024)
- Gross Domestic Product — Annual growth US$ per capita 3.32 % (2024)
- Gross Domestic Product — Annual growth US$ 5.12 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 43,564 million USD (2024)
- Gross Domestic Product — Value US$ 51,880 million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 1.98 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.11 % (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 3.74 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Melanesia?
- Gross fixed capital formation — value us$, 2015 prices in Melanesia was 6,546 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Melanesia?
- The highest recorded value was 9,672 million USD in 2013.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Melanesia?
- The lowest recorded value was 1,464 million USD in 1985.
- How does Melanesia rank for gross fixed capital formation — value us$, 2015 prices?
- Melanesia ranks 119th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Melanesia?
- Over the last ten years it is down 29.3%. The long-run trend across the full record is volatile.
- Where does this Melanesia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 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).