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

Latest (2024)
571,534 million USD
Change on year
up 4.0%
World rank
8th
of 203 countries
All-time high
571,534 million USD
in 2024
All-time low
11,712 million USD
in 1970
Years of data
55
1970–2024

Gross Fixed Capital Formation — Value US$, 2015 prices in Republic of Korea, 1970–2024

0200.0k400.0k600.0k197019972024

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

Annual values for Gross Fixed Capital Formation — Value US$, 2015 prices in Republic of Korea, 1970 to 2024.
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

DecadeAverage LowestHighest 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

  1. 5 Germany 725,286 million USD compare
  2. 5 Viet Nam 125,948 million USD compare
  3. 6 France 590,992 million USD compare
  4. 7 United Kingdom of Great Britain and Northern Ireland 584,388 million USD compare
  5. 8 Democratic Republic of the Congo 70,625 million USD compare
  6. 9 Italy 471,911 million USD compare
  7. 10 Australia and New Zealand 453,936 million USD compare
  8. 11 Australia 399,804 million USD compare

See the full ranking of 251 places →

More economy & growth data for Republic of Korea

All data for Republic of Korea →

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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Gross Fixed Capital Formation — Value US$, 2015 prices in Republic of Korea. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 02 September 2026, from https://economy.statizoid.com/stat/gross-fixed-capital-formation-value-us-2015-prices/republic-of-korea/

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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).