Gross Fixed Capital Formation — Value US$, 2015 prices in Turkey
Turkey: Gross Fixed Capital Formation — Value US$, 2015 prices was 324,980 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Turkey, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices in Turkey is 324,980 million USD, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 3.9% on the previous year and up 39.0% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Turkey peaked at 324,980 million USD in 2024 and was at its lowest, 14,280 million USD, in 1971.
That places Turkey 19th out of 235 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Turkey, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 15,540 million USD | — |
| 1971 | 14,280 million USD | -8.1% |
| 1972 | 17,004 million USD | +19.1% |
| 1973 | 18,403 million USD | +8.2% |
| 1974 | 27,673 million USD | +50.4% |
| 1975 | 28,884 million USD | +4.4% |
| 1976 | 34,554 million USD | +19.6% |
| 1977 | 27,097 million USD | -21.6% |
| 1978 | 22,471 million USD | -17.1% |
| 1979 | 23,089 million USD | +2.8% |
| 1980 | 19,222 million USD | -16.7% |
| 1981 | 25,303 million USD | +31.6% |
| 1982 | 23,858 million USD | -5.7% |
| 1983 | 24,476 million USD | +2.6% |
| 1984 | 24,703 million USD | +0.9% |
| 1985 | 27,535 million USD | +11.5% |
| 1986 | 29,844 million USD | +8.4% |
| 1987 | 43,310 million USD | +45.1% |
| 1988 | 42,859 million USD | -1.0% |
| 1989 | 43,801 million USD | +2.2% |
| 1990 | 50,755 million USD | +15.9% |
| 1991 | 50,975 million USD | +0.4% |
| 1992 | 54,214 million USD | +6.4% |
| 1993 | 68,503 million USD | +26.4% |
| 1994 | 57,564 million USD | -16.0% |
| 1995 | 62,826 million USD | +9.1% |
| 1996 | 71,666 million USD | +14.1% |
| 1997 | 82,298 million USD | +14.8% |
| 1998 | 79,092 million USD | -3.9% |
| 1999 | 67,673 million USD | -14.4% |
| 2000 | 82,499 million USD | +21.9% |
| 2001 | 60,216 million USD | -27.0% |
| 2002 | 70,947 million USD | +17.8% |
| 2003 | 84,706 million USD | +19.4% |
| 2004 | 111,744 million USD | +31.9% |
| 2005 | 133,611 million USD | +19.6% |
| 2006 | 154,168 million USD | +15.4% |
| 2007 | 162,643 million USD | +5.5% |
| 2008 | 158,222 million USD | -2.7% |
| 2009 | 125,698 million USD | -20.6% |
| 2010 | 153,306 million USD | +22.0% |
| 2011 | 189,602 million USD | +23.7% |
| 2012 | 195,030 million USD | +2.9% |
| 2013 | 222,809 million USD | +14.2% |
| 2014 | 233,750 million USD | +4.9% |
| 2015 | 255,444 million USD | +9.3% |
| 2016 | 261,077 million USD | +2.2% |
| 2017 | 282,633 million USD | +8.3% |
| 2018 | 283,040 million USD | +0.1% |
| 2019 | 247,740 million USD | -12.5% |
| 2020 | 265,893 million USD | +7.3% |
| 2021 | 285,117 million USD | +7.2% |
| 2022 | 288,731 million USD | +1.3% |
| 2023 | 312,868 million USD | +8.4% |
| 2024 | 324,980 million USD | +3.9% |
Turkey compared with similar countries
- Turkey's 324,980 million USD is above the median for upper middle income countries, which is 7,886 million USD, 41.2× the median. (54 countries reporting)
- Turkey's 324,980 million USD is above the median for Europe & Central Asia, which is 18,064 million USD, 18.0× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22,900 million USD | 14,280 million USD | 34,554 million USD | 10 |
| 1980s | 30,491 million USD | 19,222 million USD | 43,801 million USD | 10 |
| 1990s | 64,557 million USD | 50,755 million USD | 82,298 million USD | 10 |
| 2000s | 114,445 million USD | 60,216 million USD | 162,643 million USD | 10 |
| 2010s | 232,443 million USD | 153,306 million USD | 283,040 million USD | 10 |
| 2020s | 295,518 million USD | 265,893 million USD | 324,980 million USD | 5 |
Countries ranked near Turkey
More economy & growth data for Turkey
- Foreign direct investment, net outflows (BoP, current US$), gaps 6.61 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0049 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 77.33 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.70 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.77 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0086 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 136.79 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 19.3 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1162 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 2,161 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Turkey?
- Gross fixed capital formation — value us$, 2015 prices in Turkey was 324,980 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Turkey?
- The highest recorded value was 324,980 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Turkey?
- The lowest recorded value was 14,280 million USD in 1971.
- How does Turkey rank for gross fixed capital formation — value us$, 2015 prices?
- Turkey ranks 19th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Turkey?
- Over the last ten years it is up 39.0%. The long-run trend across the full record is volatile.
- Where does this Turkey 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.
Download this data
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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).