Gross Fixed Capital Formation — Value US$ in Argentina

Argentina: Gross Fixed Capital Formation — Value US$ was 100,289 million USD in 2024. ◆ Volatile

Latest (2024)
100,289 million USD
Change on year
down 16.4%
World rank
40th
of 235 countries
All-time high
119,977 million USD
in 2023
All-time low
6,810 million USD
in 1970
Years of data
55
1970–2024

Gross Fixed Capital Formation — Value US$ in Argentina, 1970–2024

025.0k50.0k75.0k100.0k125.0k197019972024

Source: Food and Agriculture Organization of the United Nations. Measured in million USD.

Analysis

In 2024, gross fixed capital formation — value us$ in Argentina stood at 100,289 million USD.

Compared with earlier readings it is down 16.4% on the previous year and up 10.7% over ten years.

Over the whole period, gross fixed capital formation — value us$ in Argentina peaked at 119,977 million USD in 2023 and was at its lowest, 6,810 million USD, in 1970.

That places Argentina 40th out of 235 countries with data for 2024, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Gross Fixed Capital Formation — Value US$ in Argentina, year by year

Annual values for Gross Fixed Capital Formation — Value US$ in Argentina, 1970 to 2024.
Year million USD Change
1970 6,810 million USD —
1971 8,027 million USD +17.9%
1972 7,427 million USD -7.5%
1973 7,115 million USD -4.2%
1974 8,646 million USD +21.5%
1975 12,639 million USD +46.2%
1976 13,827 million USD +9.4%
1977 15,844 million USD +14.6%
1978 14,680 million USD -7.3%
1979 15,857 million USD +8.0%
1980 17,135 million USD +8.1%
1981 15,927 million USD -7.0%
1982 15,702 million USD -1.4%
1983 16,310 million USD +3.9%
1984 16,476 million USD +1.0%
1985 13,933 million USD -15.4%
1986 16,613 million USD +19.2%
1987 19,121 million USD +15.1%
1988 21,255 million USD +11.2%
1989 10,684 million USD -49.7%
1990 17,780 million USD +66.4%
1991 24,953 million USD +40.3%
1992 34,339 million USD +37.6%
1993 40,543 million USD +18.1%
1994 46,174 million USD +13.9%
1995 41,604 million USD -9.9%
1996 44,237 million USD +6.3%
1997 51,002 million USD +15.3%
1998 53,581 million USD +5.1%
1999 45,920 million USD -14.3%
2000 41,376 million USD -9.9%
2001 34,254 million USD -17.2%
2002 10,968 million USD -68.0%
2003 17,629 million USD +60.7%
2004 26,375 million USD +49.6%
2005 34,810 million USD +32.0%
2006 42,967 million USD +23.4%
2007 56,549 million USD +31.6%
2008 69,510 million USD +22.9%
2009 52,411 million USD -24.6%
2010 70,974 million USD +35.4%
2011 91,443 million USD +28.8%
2012 92,201 million USD +0.8%
2013 99,906 million USD +8.4%
2014 90,614 million USD -9.3%
2015 100,378 million USD +10.8%
2016 79,573 million USD -20.7%
2017 97,588 million USD +22.6%
2018 80,040 million USD -18.0%
2019 63,436 million USD -20.7%
2020 55,093 million USD -13.2%
2021 84,130 million USD +52.7%
2022 111,187 million USD +32.2%
2023 119,977 million USD +7.9%
2024 100,289 million USD -16.4%

Argentina compared with similar countries

  • Argentina's 100,289 million USD is above the median for upper middle income countries, which is 8,136 million USD, 12.3× the median. (54 countries reporting)
  • Argentina's 100,289 million USD is above the median for Latin America & Caribbean, which is 3,605 million USD, 27.8× the median. (38 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1970s 11,087 million USD 6,810 million USD 15,857 million USD 10
1980s 16,316 million USD 10,684 million USD 21,255 million USD 10
1990s 40,013 million USD 17,780 million USD 53,581 million USD 10
2000s 38,685 million USD 10,968 million USD 69,510 million USD 10
2010s 86,615 million USD 63,436 million USD 100,378 million USD 10
2020s 94,135 million USD 55,093 million USD 119,977 million USD 5

Countries ranked near Argentina

  1. 37 Norway 114,611 million USD compare
  2. 38 United Arab Emirates 111,374 million USD compare
  3. 39 Philippines 108,789 million USD compare
  4. 41 Ireland 98,890 million USD compare
  5. 42 Romania 98,348 million USD compare
  6. 43 Denmark 95,996 million USD compare

See the full ranking of 265 places →

More economy & growth data for Argentina

All data for Argentina →

Frequently asked questions

What is gross fixed capital formation — value us$ in Argentina?
Gross fixed capital formation — value us$ in Argentina was 100,289 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest gross fixed capital formation — value us$ recorded in Argentina?
The highest recorded value was 119,977 million USD in 2023.
What is the lowest gross fixed capital formation — value us$ recorded in Argentina?
The lowest recorded value was 6,810 million USD in 1970.
How does Argentina rank for gross fixed capital formation — value us$?
Argentina ranks 40th out of 235 countries with data for 2024.
Is gross fixed capital formation — value us$ rising or falling in Argentina?
Over the last ten years it is up 10.7%. The long-run trend across the full record is volatile.
Where does this Argentina 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$. Statizoid updates them automatically from the source API.

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Gross Fixed Capital Formation — Value US$ in Argentina. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 27 September 2026, from https://economy.statizoid.com/stat/gross-fixed-capital-formation-value-us/argentina/

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About this data

Indicator
Gross Fixed Capital Formation — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
265 places, 13,517 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).