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

Latest (2024)
1.00 million million USD
Change on year
up 2.5%
Rank
11th
of 29 groups
All-time high
1.00 million million USD
in 2024
All-time low
56,714 million USD
in 1970
Years of data
55
1970–2024

Gross Fixed Capital Formation — Value US$, 2015 prices in Western Asia, 1970–2024

0200.0k400.0k600.0k800.0k1.0M197019972024

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

Annual values for Gross Fixed Capital Formation — Value US$, 2015 prices in Western Asia, 1970 to 2024.
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

DecadeAverage LowestHighest 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

  1. 8 Republic of Korea 571,534 million USD compare
  2. 9 Italy 471,911 million USD compare
  3. 10 Australia and New Zealand 453,936 million USD compare
  4. 11 Australia 399,804 million USD compare
  5. 12 Indonesia 390,633 million USD compare
  6. 13 Russian Federation 387,507 million USD compare
  7. 14 Canada 375,620 million USD compare

See the full ranking of 251 places →

More economy & growth data for Western Asia

All data for Western Asia →

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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Gross Fixed Capital Formation — Value US$, 2015 prices in Western Asia. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 24 August 2026, from https://economy.statizoid.com/stat/gross-fixed-capital-formation-value-us-2015-prices/western-asia/

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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).