Gross Fixed Capital Formation — Value US$, annual growth rate (US) in Turkey
Turkey: Gross Fixed Capital Formation — Value US$, annual growth rate (US) was 15.14 % change on previous year in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, annual growth rate in Turkey, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Turkey recorded 15.14 % change on previous year for gross fixed capital formation — value us$, annual growth rate in 2024.
The figure is down 56.3% on the previous year and up 2,673.1% over ten years.
Over the whole period, gross fixed capital formation — value us$, annual growth rate in Turkey peaked at 58.25 % change on previous year in 2004 and was at its lowest, -40.56 % change on previous year, in 2001.
That places Turkey 22nd out of 235 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, annual growth rate (US) in Turkey, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | -13.13 % change on previous year | — |
| 1972 | 29.03 % change on previous year | -321.1% |
| 1973 | 30 % change on previous year | +3.4% |
| 1974 | 41.79 % change on previous year | +39.3% |
| 1975 | 32.88 % change on previous year | -21.3% |
| 1976 | 33.66 % change on previous year | +2.4% |
| 1977 | 10.78 % change on previous year | -68.0% |
| 1978 | -8.88 % change on previous year | -182.4% |
| 1979 | 41.9 % change on previous year | -572.0% |
| 1980 | -38.1 % change on previous year | -190.9% |
| 1981 | 25.53 % change on previous year | -167.0% |
| 1982 | -9.37 % change on previous year | -136.7% |
| 1983 | -6.24 % change on previous year | -33.4% |
| 1984 | -2.5 % change on previous year | -59.9% |
| 1985 | 28.94 % change on previous year | -1256.9% |
| 1986 | 28.93 % change on previous year | -0.0% |
| 1987 | 14.16 % change on previous year | -51.1% |
| 1988 | 9.96 % change on previous year | -29.7% |
| 1989 | 3 % change on previous year | -69.9% |
| 1990 | 41.04 % change on previous year | +1267.4% |
| 1991 | 4.45 % change on previous year | -89.2% |
| 1992 | 4.47 % change on previous year | +0.4% |
| 1993 | 27.23 % change on previous year | +509.7% |
| 1994 | -32.77 % change on previous year | -220.3% |
| 1995 | 25.48 % change on previous year | -177.8% |
| 1996 | 12.81 % change on previous year | -49.7% |
| 1997 | 10.18 % change on previous year | -20.5% |
| 1998 | -1.84 % change on previous year | -118.0% |
| 1999 | -21.23 % change on previous year | +1056.6% |
| 2000 | 19.52 % change on previous year | -191.9% |
| 2001 | -40.56 % change on previous year | -307.7% |
| 2002 | 29.19 % change on previous year | -172.0% |
| 2003 | 39.04 % change on previous year | +33.7% |
| 2004 | 58.25 % change on previous year | +49.2% |
| 2005 | 29.89 % change on previous year | -48.7% |
| 2006 | 18.61 % change on previous year | -37.8% |
| 2007 | 19.8 % change on previous year | +6.4% |
| 2008 | 8.07 % change on previous year | -59.2% |
| 2009 | -29.71 % change on previous year | -468.2% |
| 2010 | 32.62 % change on previous year | -209.8% |
| 2011 | 21.58 % change on previous year | -33.8% |
| 2012 | 2.39 % change on previous year | -88.9% |
| 2013 | 13.95 % change on previous year | +484.8% |
| 2014 | -0.5886 % change on previous year | -104.2% |
| 2015 | -5.36 % change on previous year | +810.2% |
| 2016 | -0.8984 % change on previous year | -83.2% |
| 2017 | 1.31 % change on previous year | -246.0% |
| 2018 | -9.59 % change on previous year | -831.2% |
| 2019 | -14.74 % change on previous year | +53.7% |
| 2020 | 0.2843 % change on previous year | -101.9% |
| 2021 | 16.51 % change on previous year | +5706.1% |
| 2022 | 14.53 % change on previous year | -12.0% |
| 2023 | 34.66 % change on previous year | +138.5% |
| 2024 | 15.14 % change on previous year | -56.3% |
Turkey compared with similar countries
- Turkey's 15.14 % change on previous year is above the median for upper middle income countries, which is 6.05 % change on previous year, 2.5× the median. (54 countries reporting)
- Turkey's 15.14 % change on previous year is above the median for Europe & Central Asia, which is 4.16 % change on previous year, 3.6× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$, annual growth rate (US) in Turkey 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 |
|---|---|---|---|
| 2021 | +5706.1% | 0.2843 % change on previous year | 16.51 % change on previous year |
| 1990 | +1267.4% | 3 % change on previous year | 41.04 % change on previous year |
| 1985 | +1256.9% | -2.5 % change on previous year | 28.94 % change on previous year |
| 1999 | -1056.6% | -1.84 % change on previous year | -21.23 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22 % change on previous year | -13.13 % change on previous year | 41.9 % change on previous year | 9 |
| 1980s | 5.43 % change on previous year | -38.1 % change on previous year | 28.94 % change on previous year | 10 |
| 1990s | 6.98 % change on previous year | -32.77 % change on previous year | 41.04 % change on previous year | 10 |
| 2000s | 15.21 % change on previous year | -40.56 % change on previous year | 58.25 % change on previous year | 10 |
| 2010s | 4.07 % change on previous year | -14.74 % change on previous year | 32.62 % change on previous year | 10 |
| 2020s | 16.23 % change on previous year | 0.2843 % change on previous year | 34.66 % change on previous year | 5 |
Countries ranked near Turkey
- 19 Somalia 15.73 % change on previous year compare
- 20 Croatia 15.52 % change on previous year compare
- 21 Pakistan 15.42 % change on previous year compare
- 22 Türkiye 15.14 % change on previous year compare
- 24 Cote d'Ivoire 14.99 % change on previous year compare
- 24 Côte d'Ivoire 14.99 % change on previous year compare
More economy & growth data for Turkey
- Real gdp growth, annual growth rate 8.32 % change on previous year (2025)
- SDRs holdings, US dollar, annual growth rate 5.04 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 87.93 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.0288 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 64.2 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0039 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 72.49 units per person (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, annual growth rate in Turkey?
- Gross fixed capital formation — value us$, annual growth rate in Turkey was 15.14 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, annual growth rate recorded in Turkey?
- The highest recorded value was 58.25 % change on previous year in 2004.
- What is the lowest gross fixed capital formation — value us$, annual growth rate recorded in Turkey?
- The lowest recorded value was -40.56 % change on previous year in 2001.
- How does Turkey rank for gross fixed capital formation — value us$, annual growth rate?
- Turkey ranks 22nd out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, annual growth rate rising or falling in Turkey?
- Over the last ten years it is up 2,673.1%. The long-run trend across the full record is volatile.
- Where does this Turkey 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.