Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Saudi Arabia
Saudi Arabia: Gross Fixed Capital Formation — Value US$, 2015 prices was 237,852 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Saudi Arabia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Saudi Arabia recorded 237,852 million USD for gross fixed capital formation — value us$, 2015 prices in 2024. That is the highest value across all 55 years on record.
That represents a change of up 1.6% on the previous year and up 26.1% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Saudi Arabia peaked at 237,852 million USD in 2024 and was at its lowest, 7,739 million USD, in 1970.
That places Saudi Arabia 23rd out of 235 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Saudi Arabia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 7,739 million USD | — |
| 1971 | 7,777 million USD | +0.5% |
| 1972 | 10,485 million USD | +34.8% |
| 1973 | 14,723 million USD | +40.4% |
| 1974 | 11,406 million USD | -22.5% |
| 1975 | 22,707 million USD | +99.1% |
| 1976 | 31,280 million USD | +37.8% |
| 1977 | 39,884 million USD | +27.5% |
| 1978 | 46,387 million USD | +16.3% |
| 1979 | 42,298 million USD | -8.8% |
| 1980 | 37,490 million USD | -11.4% |
| 1981 | 40,224 million USD | +7.3% |
| 1982 | 42,270 million USD | +5.1% |
| 1983 | 42,158 million USD | -0.3% |
| 1984 | 38,076 million USD | -9.7% |
| 1985 | 31,878 million USD | -16.3% |
| 1986 | 33,852 million USD | +6.2% |
| 1987 | 32,225 million USD | -4.8% |
| 1988 | 29,561 million USD | -8.3% |
| 1989 | 29,059 million USD | -1.7% |
| 1990 | 32,228 million USD | +10.9% |
| 1991 | 37,735 million USD | +17.1% |
| 1992 | 39,358 million USD | +4.3% |
| 1993 | 42,508 million USD | +8.0% |
| 1994 | 35,977 million USD | -15.4% |
| 1995 | 37,761 million USD | +5.0% |
| 1996 | 35,096 million USD | -7.1% |
| 1997 | 36,564 million USD | +4.2% |
| 1998 | 38,946 million USD | +6.5% |
| 1999 | 42,312 million USD | +8.6% |
| 2000 | 44,334 million USD | +4.8% |
| 2001 | 45,014 million USD | +1.5% |
| 2002 | 45,841 million USD | +1.8% |
| 2003 | 52,646 million USD | +14.8% |
| 2004 | 64,732 million USD | +23.0% |
| 2005 | 79,578 million USD | +22.9% |
| 2006 | 95,580 million USD | +20.1% |
| 2007 | 115,314 million USD | +20.6% |
| 2008 | 129,246 million USD | +12.1% |
| 2009 | 123,151 million USD | -4.7% |
| 2010 | 136,210 million USD | +10.6% |
| 2011 | 157,505 million USD | +15.6% |
| 2012 | 165,360 million USD | +5.0% |
| 2013 | 174,956 million USD | +5.8% |
| 2014 | 188,589 million USD | +7.8% |
| 2015 | 196,534 million USD | +4.2% |
| 2016 | 170,461 million USD | -13.3% |
| 2017 | 172,232 million USD | +1.0% |
| 2018 | 176,413 million USD | +2.4% |
| 2019 | 185,006 million USD | +4.9% |
| 2020 | 165,989 million USD | -10.3% |
| 2021 | 183,366 million USD | +10.5% |
| 2022 | 222,379 million USD | +21.3% |
| 2023 | 234,193 million USD | +5.3% |
| 2024 | 237,852 million USD | +1.6% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 237,852 million USD is above the median for high income countries, which is 13,942 million USD, 17.1× the median. (73 countries reporting)
- Saudi Arabia's 237,852 million USD is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 17,125 million USD, 13.9× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$, 2015 prices in Saudi Arabia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1975 | +99.1% | 11,406 million USD | 22,707 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23,469 million USD | 7,739 million USD | 46,387 million USD | 10 |
| 1980s | 35,679 million USD | 29,059 million USD | 42,270 million USD | 10 |
| 1990s | 37,849 million USD | 32,228 million USD | 42,508 million USD | 10 |
| 2000s | 79,544 million USD | 44,334 million USD | 129,246 million USD | 10 |
| 2010s | 172,327 million USD | 136,210 million USD | 196,534 million USD | 10 |
| 2020s | 208,756 million USD | 165,989 million USD | 237,852 million USD | 5 |
Countries ranked near Saudi Arabia
- 21 Mexico 320,400 million USD compare
- 22 Spain 275,397 million USD compare
- 24 Switzerland 196,956 million USD compare
- 25 Netherlands (Kingdom of the) 188,221 million USD compare
- 26 Sweden 138,125 million USD compare
More economy & growth data for Saudi Arabia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.26 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.52 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.62 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0168 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 580.45 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.3713 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0123 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 423.84 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.52 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.008 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Saudi Arabia?
- Gross fixed capital formation — value us$, 2015 prices in Saudi Arabia was 237,852 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Saudi Arabia?
- The highest recorded value was 237,852 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Saudi Arabia?
- The lowest recorded value was 7,739 million USD in 1970.
- How does Saudi Arabia rank for gross fixed capital formation — value us$, 2015 prices?
- Saudi Arabia ranks 23rd out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Saudi Arabia?
- Over the last ten years it is up 26.1%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia 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).