Gross Fixed Capital Formation — Value US$, annual growth rate in Republic of Korea
Republic of Korea: Gross Fixed Capital Formation — Value US$, annual growth rate was 1.5 % change on previous year in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, annual growth rate in Republic of Korea, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Republic of Korea recorded 1.5 % change on previous year for gross fixed capital formation — value us$, annual growth rate in 2024.
That represents a change of down 45.2% on the previous year and down 82.0% over ten years.
Over the whole period, gross fixed capital formation — value us$, annual growth rate in Republic of Korea peaked at 57.63 % change on previous year in 1974 and was at its lowest, -42.26 % change on previous year, in 1998.
Republic of Korea ranks 170th of 235 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, annual growth rate in Republic of Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | -0.5538 % change on previous year | — |
| 1972 | 0.8026 % change on previous year | -244.9% |
| 1973 | 44.95 % change on previous year | +5500.9% |
| 1974 | 57.63 % change on previous year | +28.2% |
| 1975 | 11.64 % change on previous year | -79.8% |
| 1976 | 33.19 % change on previous year | +185.2% |
| 1977 | 43.01 % change on previous year | +29.6% |
| 1978 | 54.97 % change on previous year | +27.8% |
| 1979 | 32.62 % change on previous year | -40.7% |
| 1980 | -6.95 % change on previous year | -121.3% |
| 1981 | -1.35 % change on previous year | -80.6% |
| 1982 | 9.92 % change on previous year | -835.9% |
| 1983 | 14.2 % change on previous year | +43.1% |
| 1984 | 9.13 % change on previous year | -35.7% |
| 1985 | 3.27 % change on previous year | -64.1% |
| 1986 | 15.36 % change on previous year | +369.1% |
| 1987 | 30.34 % change on previous year | +97.6% |
| 1988 | 36.78 % change on previous year | +21.2% |
| 1989 | 31.91 % change on previous year | -13.2% |
| 1990 | 30.94 % change on previous year | -3.0% |
| 1991 | 21.8 % change on previous year | -29.6% |
| 1992 | 2.14 % change on previous year | -90.2% |
| 1993 | 8.68 % change on previous year | +306.6% |
| 1994 | 18.28 % change on previous year | +110.6% |
| 1995 | 24.61 % change on previous year | +34.6% |
| 1996 | 8.82 % change on previous year | -64.2% |
| 1997 | -11.16 % change on previous year | -226.6% |
| 1998 | -42.26 % change on previous year | +278.6% |
| 1999 | 27.44 % change on previous year | -164.9% |
| 2000 | 23.58 % change on previous year | -14.1% |
| 2001 | -8.03 % change on previous year | -134.0% |
| 2002 | 13.27 % change on previous year | -265.3% |
| 2003 | 15.4 % change on previous year | +16.1% |
| 2004 | 12.34 % change on previous year | -19.9% |
| 2005 | 16.36 % change on previous year | +32.6% |
| 2006 | 12.83 % change on previous year | -21.6% |
| 2007 | 9.94 % change on previous year | -22.5% |
| 2008 | -7.98 % change on previous year | -180.2% |
| 2009 | -10.13 % change on previous year | +27.1% |
| 2010 | 19.7 % change on previous year | -294.4% |
| 2011 | 10 % change on previous year | -49.2% |
| 2012 | -0.2599 % change on previous year | -102.6% |
| 2013 | 5.21 % change on previous year | -2102.4% |
| 2014 | 8.32 % change on previous year | +59.8% |
| 2015 | -1.14 % change on previous year | -113.7% |
| 2016 | 5.01 % change on previous year | -540.3% |
| 2017 | 14.94 % change on previous year | +198.4% |
| 2018 | 2.62 % change on previous year | -82.5% |
| 2019 | -5.22 % change on previous year | -299.2% |
| 2020 | 2.67 % change on previous year | -151.2% |
| 2021 | 12.97 % change on previous year | +385.3% |
| 2022 | -6.05 % change on previous year | -146.6% |
| 2023 | 2.73 % change on previous year | -145.2% |
| 2024 | 1.5 % change on previous year | -45.2% |
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$, annual growth rate in Republic of Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1973 | +5500.9% | 0.8026 % change on previous year | 44.95 % change on previous year |
| 2013 | +2102.4% | -0.2599 % change on previous year | 5.21 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.92 % change on previous year | -0.5538 % change on previous year | 57.63 % change on previous year | 9 |
| 1980s | 14.26 % change on previous year | -6.95 % change on previous year | 36.78 % change on previous year | 10 |
| 1990s | 8.93 % change on previous year | -42.26 % change on previous year | 30.94 % change on previous year | 10 |
| 2000s | 7.76 % change on previous year | -10.13 % change on previous year | 23.58 % change on previous year | 10 |
| 2010s | 5.92 % change on previous year | -5.22 % change on previous year | 19.7 % change on previous year | 10 |
| 2020s | 2.76 % change on previous year | -6.05 % change on previous year | 12.97 % change on previous year | 5 |
Countries ranked near Republic of Korea
- 167 Sweden 1.62 % change on previous year compare
- 168 Bangladesh 1.61 % change on previous year compare
- 169 Switzerland 1.59 % change on previous year compare
- 171 Yemen Ar Rp 1.47 % change on previous year compare
- 172 Norway 1.16 % change on previous year compare
- 173 Polynesia 1.13 % change on previous year compare
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 6.06 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 4 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 4 % change on previous year (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.5 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 4 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 6.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 32.07 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.86 % (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, annual growth rate in Republic of Korea?
- Gross fixed capital formation — value us$, annual growth rate in Republic of Korea was 1.5 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, annual growth rate recorded in Republic of Korea?
- The highest recorded value was 57.63 % change on previous year in 1974.
- What is the lowest gross fixed capital formation — value us$, annual growth rate recorded in Republic of Korea?
- The lowest recorded value was -42.26 % change on previous year in 1998.
- How does Republic of Korea rank for gross fixed capital formation — value us$, annual growth rate?
- Republic of Korea ranks 170th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, annual growth rate rising or falling in Republic of Korea?
- Over the last ten years it is down 82.0%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Fixed Capital Formation — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Fixed Capital Formation — Value US$ Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Fixed Capital Formation — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.