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

Latest (2024)
1.08 million million USD
Change on year
down 2.2%
Rank
10th
of 29 groups
All-time high
1.16 million million USD
in 2019
All-time low
325,200 million USD
in 1970
Years of data
55
1970–2024

Gross Fixed Capital Formation — Value US$, 2015 prices in Northern Europe, 1970–2024

400.0k600.0k800.0k1.0M1.2M197019972024

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

Annual values for Gross Fixed Capital Formation — Value US$, 2015 prices in Northern Europe, 1970 to 2024.
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

DecadeAverage LowestHighest 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

  1. 7 United Kingdom of Great Britain and Northern Ireland 584,388 million USD compare
  2. 8 Republic of Korea 571,534 million USD compare
  3. 9 Italy 471,911 million USD compare
  4. 10 Australia and New Zealand 453,936 million USD compare
  5. 11 Australia 399,804 million USD compare
  6. 12 Indonesia 390,633 million USD compare
  7. 13 Russian Federation 387,507 million USD compare

See the full ranking of 251 places →

More economy & growth data for Northern Europe

All data for Northern Europe →

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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Gross Fixed Capital Formation — Value US$, 2015 prices in Northern Europe. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 28 August 2026, from https://economy.statizoid.com/stat/gross-fixed-capital-formation-value-us-2015-prices/northern-europe/

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About this data

Indicator
Gross Fixed Capital Formation — Value US$, 2015 prices
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
251 places, 12,844 data points, 1970–2024
Last refreshed

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).