Gross Fixed Capital Formation — Value US$, 2015 prices in Western Asia
Western Asia: Gross Fixed Capital Formation — Value US$, 2015 prices was 1.00 million million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Western Asia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Western Asia recorded 1.00 million million USD for gross fixed capital formation — value us$, 2015 prices in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 2.5% on the previous year and up 28.2% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Western Asia peaked at 1.00 million million USD in 2024 and was at its lowest, 56,714 million USD, in 1970.
Western Asia ranks 11th of 29 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Western Asia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 56,714 million USD | — |
| 1971 | 59,884 million USD | +5.6% |
| 1972 | 70,706 million USD | +18.1% |
| 1973 | 78,172 million USD | +10.6% |
| 1974 | 83,558 million USD | +6.9% |
| 1975 | 110,446 million USD | +32.2% |
| 1976 | 130,318 million USD | +18.0% |
| 1977 | 147,610 million USD | +13.3% |
| 1978 | 157,813 million USD | +6.9% |
| 1979 | 157,332 million USD | -0.3% |
| 1980 | 148,451 million USD | -5.6% |
| 1981 | 169,436 million USD | +14.1% |
| 1982 | 170,567 million USD | +0.7% |
| 1983 | 163,009 million USD | -4.4% |
| 1984 | 157,501 million USD | -3.4% |
| 1985 | 146,271 million USD | -7.1% |
| 1986 | 145,417 million USD | -0.6% |
| 1987 | 154,811 million USD | +6.5% |
| 1988 | 149,372 million USD | -3.5% |
| 1989 | 146,325 million USD | -2.0% |
| 1990 | 162,429 million USD | +11.0% |
| 1991 | 177,069 million USD | +9.0% |
| 1992 | 190,782 million USD | +7.7% |
| 1993 | 202,056 million USD | +5.9% |
| 1994 | 189,070 million USD | -6.4% |
| 1995 | 209,845 million USD | +11.0% |
| 1996 | 224,357 million USD | +6.9% |
| 1997 | 243,301 million USD | +8.4% |
| 1998 | 246,519 million USD | +1.3% |
| 1999 | 233,372 million USD | -5.3% |
| 2000 | 252,130 million USD | +8.0% |
| 2001 | 237,900 million USD | -5.6% |
| 2002 | 254,568 million USD | +7.0% |
| 2003 | 294,222 million USD | +15.6% |
| 2004 | 338,932 million USD | +15.2% |
| 2005 | 407,435 million USD | +20.2% |
| 2006 | 475,936 million USD | +16.8% |
| 2007 | 540,829 million USD | +13.6% |
| 2008 | 588,534 million USD | +8.8% |
| 2009 | 541,534 million USD | -8.0% |
| 2010 | 592,613 million USD | +9.4% |
| 2011 | 667,141 million USD | +12.6% |
| 2012 | 696,150 million USD | +4.3% |
| 2013 | 750,168 million USD | +7.8% |
| 2014 | 782,810 million USD | +4.4% |
| 2015 | 824,549 million USD | +5.3% |
| 2016 | 814,824 million USD | -1.2% |
| 2017 | 829,036 million USD | +1.7% |
| 2018 | 847,980 million USD | +2.3% |
| 2019 | 836,206 million USD | -1.4% |
| 2020 | 761,960 million USD | -8.9% |
| 2021 | 819,621 million USD | +7.6% |
| 2022 | 927,128 million USD | +13.1% |
| 2023 | 979,691 million USD | +5.7% |
| 2024 | 1.00 million million USD | +2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 105,255 million USD | 56,714 million USD | 157,813 million USD | 10 |
| 1980s | 155,116 million USD | 145,417 million USD | 170,567 million USD | 10 |
| 1990s | 207,880 million USD | 162,429 million USD | 246,519 million USD | 10 |
| 2000s | 393,202 million USD | 237,900 million USD | 588,534 million USD | 10 |
| 2010s | 764,148 million USD | 592,613 million USD | 847,980 million USD | 10 |
| 2020s | 898,444 million USD | 761,960 million USD | 1.00 million million USD | 5 |
Countries ranked near Western Asia
- 8 Republic of Korea 571,534 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
- 12 Indonesia 390,633 million USD compare
- 13 Russian Federation 387,507 million USD compare
- 14 Canada 375,620 million USD compare
More economy & growth data for Western Asia
- Gross Domestic Product — Value US$ per capita 14,704 USD (2024)
- Gross Domestic Product — Annual growth US$ per capita 4.74 % (2024)
- Gross Domestic Product — Annual growth US$ 6.59 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 3.84 million million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 12,408 USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 26.15 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 2.46 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 7.8 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 26.14 % (2024)
- Gross Domestic Product — Value US$ 4.55 million million USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Western Asia?
- Gross fixed capital formation — value us$, 2015 prices in Western Asia was 1.00 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$, 2015 prices recorded in Western Asia?
- The highest recorded value was 1.00 million million USD in 2024.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Western Asia?
- The lowest recorded value was 56,714 million USD in 1970.
- How does Western Asia rank for gross fixed capital formation — value us$, 2015 prices?
- Western Asia ranks 11th out of 29 groups with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Western Asia?
- Over the last ten years it is up 28.2%. The long-run trend across the full record is volatile.
- Where does this Western Asia 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).