Gross Fixed Capital Formation — Value US$, 2015 prices in Northern Europe
Northern Europe: Gross Fixed Capital Formation — Value US$, 2015 prices was 1.08 million million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices in Northern Europe, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Northern Europe recorded 1.08 million million USD for gross fixed capital formation — value us$, 2015 prices in 2024.
The figure is down 2.2% on the previous year and up 25.3% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Northern Europe peaked at 1.16 million million USD in 2019 and was at its lowest, 325,200 million USD, in 1970.
That places Northern Europe 10th out of 29 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices in Northern Europe, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 325,200 million USD | — |
| 1971 | 335,433 million USD | +3.1% |
| 1972 | 341,168 million USD | +1.7% |
| 1973 | 364,618 million USD | +6.9% |
| 1974 | 358,828 million USD | -1.6% |
| 1975 | 358,942 million USD | +0.0% |
| 1976 | 370,469 million USD | +3.2% |
| 1977 | 366,731 million USD | -1.0% |
| 1978 | 363,791 million USD | -0.8% |
| 1979 | 375,254 million USD | +3.2% |
| 1980 | 366,054 million USD | -2.5% |
| 1981 | 346,980 million USD | -5.2% |
| 1982 | 361,739 million USD | +4.3% |
| 1983 | 376,274 million USD | +4.0% |
| 1984 | 401,876 million USD | +6.8% |
| 1985 | 418,401 million USD | +4.1% |
| 1986 | 433,351 million USD | +3.6% |
| 1987 | 463,271 million USD | +6.9% |
| 1988 | 507,866 million USD | +9.6% |
| 1989 | 537,363 million USD | +5.8% |
| 1990 | 526,233 million USD | -2.1% |
| 1991 | 498,659 million USD | -5.2% |
| 1992 | 485,309 million USD | -2.7% |
| 1993 | 474,664 million USD | -2.2% |
| 1994 | 503,973 million USD | +6.2% |
| 1995 | 534,880 million USD | +6.1% |
| 1996 | 567,716 million USD | +6.1% |
| 1997 | 583,412 million USD | +2.8% |
| 1998 | 628,561 million USD | +7.7% |
| 1999 | 640,868 million USD | +2.0% |
| 2000 | 673,367 million USD | +5.1% |
| 2001 | 686,690 million USD | +2.0% |
| 2002 | 693,952 million USD | +1.1% |
| 2003 | 712,616 million USD | +2.7% |
| 2004 | 745,353 million USD | +4.6% |
| 2005 | 789,780 million USD | +6.0% |
| 2006 | 834,871 million USD | +5.7% |
| 2007 | 882,288 million USD | +5.7% |
| 2008 | 857,013 million USD | -2.9% |
| 2009 | 745,570 million USD | -13.0% |
| 2010 | 756,218 million USD | +1.4% |
| 2011 | 774,006 million USD | +2.4% |
| 2012 | 795,301 million USD | +2.8% |
| 2013 | 812,200 million USD | +2.1% |
| 2014 | 858,594 million USD | +5.7% |
| 2015 | 925,450 million USD | +7.8% |
| 2016 | 1.00 million million USD | +8.1% |
| 2017 | 1.04 million million USD | +3.8% |
| 2018 | 1.04 million million USD | -0.1% |
| 2019 | 1.16 million million USD | +11.3% |
| 2020 | 1.07 million million USD | -7.4% |
| 2021 | 1.07 million million USD | -0.4% |
| 2022 | 1.11 million million USD | +3.9% |
| 2023 | 1.10 million million USD | -0.7% |
| 2024 | 1.08 million million USD | -2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 356,043 million USD | 325,200 million USD | 375,254 million USD | 10 |
| 1980s | 421,318 million USD | 346,980 million USD | 537,363 million USD | 10 |
| 1990s | 544,428 million USD | 474,664 million USD | 640,868 million USD | 10 |
| 2000s | 762,150 million USD | 673,367 million USD | 882,288 million USD | 10 |
| 2010s | 915,587 million USD | 756,218 million USD | 1.16 million million USD | 10 |
| 2020s | 1.08 million million USD | 1.07 million million USD | 1.11 million million USD | 5 |
Countries ranked near Northern Europe
- 7 United Kingdom of Great Britain and Northern Ireland 584,388 million USD compare
- 8 Republic of Korea 571,534 million USD compare
- 9 Italy 471,911 million USD compare
- 10 Australia and New Zealand 453,936 million USD compare
- 11 Australia 399,804 million USD compare
- 12 Indonesia 390,633 million USD compare
- 13 Russian Federation 387,507 million USD compare
More economy & growth data for Northern Europe
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 110.1 USD (2024)
- Gross Fixed Capital Formation — Value US$ 1.18 million million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.6681 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 18.92 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.29 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 5.5 % (2024)
- Gross Domestic Product — Annual growth US$ 6.15 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 5.56 million million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 51,132 USD (2024)
- Gross Domestic Product — Value US$ 6.26 million million USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Northern Europe?
- Gross fixed capital formation — value us$, 2015 prices in Northern Europe was 1.08 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Northern Europe?
- The highest recorded value was 1.16 million million USD in 2019.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Northern Europe?
- The lowest recorded value was 325,200 million USD in 1970.
- How does Northern Europe rank for gross fixed capital formation — value us$, 2015 prices?
- Northern Europe ranks 10th out of 29 groups with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Northern Europe?
- Over the last ten years it is up 25.3%. The long-run trend across the full record is rising.
- Where does this Northern Europe 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.
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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).