Gross Fixed Capital Formation — Value US$, 2015 prices in Republic of Korea
Republic of Korea: Gross Fixed Capital Formation — Value US$, 2015 prices was 571,534 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Republic of Korea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross fixed capital formation — value us$, 2015 prices in Republic of Korea stood at 571,534 million USD. That is the highest value across all 55 years on record.
That represents a change of up 4.0% on the previous year and up 34.0% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Republic of Korea peaked at 571,534 million USD in 2024 and was at its lowest, 11,712 million USD, in 1970.
Republic of Korea ranks 8th of 203 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Republic of Korea, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 11,712 million USD | — |
| 1971 | 12,452 million USD | +6.3% |
| 1972 | 12,782 million USD | +2.6% |
| 1973 | 16,128 million USD | +26.2% |
| 1974 | 18,463 million USD | +14.5% |
| 1975 | 20,382 million USD | +10.4% |
| 1976 | 26,038 million USD | +27.8% |
| 1977 | 34,558 million USD | +32.7% |
| 1978 | 46,810 million USD | +35.5% |
| 1979 | 51,348 million USD | +9.7% |
| 1980 | 45,629 million USD | -11.1% |
| 1981 | 44,690 million USD | -2.1% |
| 1982 | 49,919 million USD | +11.7% |
| 1983 | 57,978 million USD | +16.1% |
| 1984 | 64,799 million USD | +11.8% |
| 1985 | 68,951 million USD | +6.4% |
| 1986 | 79,050 million USD | +14.6% |
| 1987 | 93,776 million USD | +18.6% |
| 1988 | 107,082 million USD | +14.2% |
| 1989 | 124,504 million USD | +16.3% |
| 1990 | 155,136 million USD | +24.6% |
| 1991 | 177,582 million USD | +14.5% |
| 1992 | 181,874 million USD | +2.4% |
| 1993 | 196,538 million USD | +8.1% |
| 1994 | 224,762 million USD | +14.4% |
| 1995 | 254,038 million USD | +13.0% |
| 1996 | 276,032 million USD | +8.7% |
| 1997 | 274,594 million USD | -0.5% |
| 1998 | 217,739 million USD | -20.7% |
| 1999 | 239,435 million USD | +10.0% |
| 2000 | 274,765 million USD | +14.8% |
| 2001 | 281,600 million USD | +2.5% |
| 2002 | 303,786 million USD | +7.9% |
| 2003 | 320,915 million USD | +5.6% |
| 2004 | 331,647 million USD | +3.3% |
| 2005 | 337,866 million USD | +1.9% |
| 2006 | 351,749 million USD | +4.1% |
| 2007 | 369,301 million USD | +5.0% |
| 2008 | 367,548 million USD | -0.5% |
| 2009 | 370,685 million USD | +0.9% |
| 2010 | 395,373 million USD | +6.7% |
| 2011 | 403,019 million USD | +1.9% |
| 2012 | 402,006 million USD | -0.3% |
| 2013 | 411,836 million USD | +2.4% |
| 2014 | 426,657 million USD | +3.6% |
| 2015 | 449,143 million USD | +5.3% |
| 2016 | 479,845 million USD | +6.8% |
| 2017 | 527,569 million USD | +9.9% |
| 2018 | 517,026 million USD | -2.0% |
| 2019 | 506,225 million USD | -2.1% |
| 2020 | 520,316 million USD | +2.8% |
| 2021 | 542,778 million USD | +4.3% |
| 2022 | 541,854 million USD | -0.2% |
| 2023 | 549,551 million USD | +1.4% |
| 2024 | 571,534 million USD | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25,068 million USD | 11,712 million USD | 51,348 million USD | 10 |
| 1980s | 73,638 million USD | 44,690 million USD | 124,504 million USD | 10 |
| 1990s | 219,773 million USD | 155,136 million USD | 276,032 million USD | 10 |
| 2000s | 330,986 million USD | 274,765 million USD | 370,685 million USD | 10 |
| 2010s | 451,870 million USD | 395,373 million USD | 527,569 million USD | 10 |
| 2020s | 545,207 million USD | 520,316 million USD | 571,534 million USD | 5 |
Countries ranked near Republic of Korea
- 5 Germany 725,286 million USD compare
- 5 Viet Nam 125,948 million USD compare
- 6 France 590,992 million USD compare
- 7 United Kingdom of Great Britain and Northern Ireland 584,388 million USD compare
- 8 Democratic Republic of the Congo 70,625 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
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.5 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 4 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 6.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 32.07 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 32.07 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 599,124 million USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Republic of Korea?
- Gross fixed capital formation — value us$, 2015 prices in Republic of Korea was 571,534 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Republic of Korea?
- The highest recorded value was 571,534 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Republic of Korea?
- The lowest recorded value was 11,712 million USD in 1970.
- How does Republic of Korea rank for gross fixed capital formation — value us$, 2015 prices?
- Republic of Korea ranks 8th out of 203 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Republic of Korea?
- Over the last ten years it is up 34.0%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea 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).