Gross Fixed Capital Formation — Value US$, 2015 prices in Western Europe
Western Europe: Gross Fixed Capital Formation — Value US$, 2015 prices was 1.94 million million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices in Western Europe, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross fixed capital formation — value us$, 2015 prices in Western Europe stood at 1.94 million million USD.
The figure is down 1.7% on the previous year and up 15.1% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Western Europe peaked at 1.98 million million USD in 2022 and was at its lowest, 823,078 million USD, in 1970.
That places Western Europe 8th out of 29 groups with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices in Western Europe, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 823,078 million USD | — |
| 1971 | 875,888 million USD | +6.4% |
| 1972 | 909,279 million USD | +3.8% |
| 1973 | 939,354 million USD | +3.3% |
| 1974 | 909,230 million USD | -3.2% |
| 1975 | 859,536 million USD | -5.5% |
| 1976 | 873,674 million USD | +1.6% |
| 1977 | 897,785 million USD | +2.8% |
| 1978 | 927,097 million USD | +3.3% |
| 1979 | 963,134 million USD | +3.9% |
| 1980 | 997,092 million USD | +3.5% |
| 1981 | 959,221 million USD | -3.8% |
| 1982 | 926,317 million USD | -3.4% |
| 1983 | 929,638 million USD | +0.4% |
| 1984 | 936,133 million USD | +0.7% |
| 1985 | 957,307 million USD | +2.3% |
| 1986 | 996,719 million USD | +4.1% |
| 1987 | 1.03 million million USD | +3.4% |
| 1988 | 1.11 million million USD | +7.5% |
| 1989 | 1.18 million million USD | +6.7% |
| 1990 | 1.25 million million USD | +6.0% |
| 1991 | 1.28 million million USD | +2.2% |
| 1992 | 1.29 million million USD | +0.5% |
| 1993 | 1.24 million million USD | -4.1% |
| 1994 | 1.27 million million USD | +2.8% |
| 1995 | 1.29 million million USD | +1.3% |
| 1996 | 1.29 million million USD | +0.5% |
| 1997 | 1.31 million million USD | +1.6% |
| 1998 | 1.38 million million USD | +5.1% |
| 1999 | 1.46 million million USD | +5.5% |
| 2000 | 1.52 million million USD | +3.9% |
| 2001 | 1.51 million million USD | -0.4% |
| 2002 | 1.46 million million USD | -3.4% |
| 2003 | 1.46 million million USD | +0.1% |
| 2004 | 1.49 million million USD | +2.1% |
| 2005 | 1.52 million million USD | +2.2% |
| 2006 | 1.60 million million USD | +5.5% |
| 2007 | 1.70 million million USD | +5.7% |
| 2008 | 1.71 million million USD | +1.0% |
| 2009 | 1.56 million million USD | -8.9% |
| 2010 | 1.59 million million USD | +2.2% |
| 2011 | 1.67 million million USD | +5.0% |
| 2012 | 1.67 million million USD | -0.1% |
| 2013 | 1.66 million million USD | -0.7% |
| 2014 | 1.69 million million USD | +1.7% |
| 2015 | 1.75 million million USD | +3.6% |
| 2016 | 1.79 million million USD | +2.2% |
| 2017 | 1.85 million million USD | +3.3% |
| 2018 | 1.91 million million USD | +3.2% |
| 2019 | 1.97 million million USD | +3.3% |
| 2020 | 1.89 million million USD | -3.9% |
| 2021 | 1.98 million million USD | +4.2% |
| 2022 | 1.98 million million USD | +0.3% |
| 2023 | 1.98 million million USD | -0.2% |
| 2024 | 1.94 million million USD | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 897,806 million USD | 823,078 million USD | 963,134 million USD | 10 |
| 1980s | 1.00 million million USD | 926,317 million USD | 1.18 million million USD | 10 |
| 1990s | 1.31 million million USD | 1.24 million million USD | 1.46 million million USD | 10 |
| 2000s | 1.55 million million USD | 1.46 million million USD | 1.71 million million USD | 10 |
| 2010s | 1.76 million million USD | 1.59 million million USD | 1.97 million million USD | 10 |
| 2020s | 1.95 million million USD | 1.89 million million USD | 1.98 million million USD | 5 |
Countries ranked near Western Europe
- 5 Germany 725,286 million USD compare
- 6 France 590,992 million USD compare
- 7 United Kingdom of Great Britain and Northern Ireland 584,388 million USD compare
- 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
More economy & growth data for Western Europe
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 127.32 USD (2024)
- Gross Fixed Capital Formation — Value US$ 2.48 million million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.3119 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 21.94 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 0.4755 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 3.47 % (2024)
- Gross Domestic Product — Annual growth US$ 3.64 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 9.16 million million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 45,841 USD (2024)
- Gross Domestic Product — Value US$ 11.28 million million USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Western Europe?
- Gross fixed capital formation — value us$, 2015 prices in Western Europe was 1.94 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$, 2015 prices recorded in Western Europe?
- The highest recorded value was 1.98 million million USD in 2022.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Western Europe?
- The lowest recorded value was 823,078 million USD in 1970.
- How does Western Europe rank for gross fixed capital formation — value us$, 2015 prices?
- Western Europe ranks 8th out of 29 groups with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Western Europe?
- Over the last ten years it is up 15.1%. The long-run trend across the full record is rising.
- Where does this Western Europe 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).