Gross Fixed Capital Formation — Value US$ (US Value) in Northern Europe
Northern Europe: Gross Fixed Capital Formation — Value US$ was 1.18 million million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Northern 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$ in Northern Europe stood at 1.18 million million USD. That is the highest value across all 55 years on record.
That represents a change of up 1.1% on the previous year and up 21.3% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Northern Europe peaked at 1.18 million million USD in 2024 and was at its lowest, 53,788 million USD, in 1970.
Northern Europe ranks 12th of 30 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$ in Northern Europe, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 53,788 million USD | — |
| 1971 | 60,738 million USD | +12.9% |
| 1972 | 70,254 million USD | +15.7% |
| 1973 | 87,025 million USD | +23.9% |
| 1974 | 99,617 million USD | +14.5% |
| 1975 | 116,678 million USD | +17.1% |
| 1976 | 119,087 million USD | +2.1% |
| 1977 | 128,516 million USD | +7.9% |
| 1978 | 147,549 million USD | +14.8% |
| 1979 | 184,377 million USD | +25.0% |
| 1980 | 219,713 million USD | +19.2% |
| 1981 | 193,003 million USD | -12.2% |
| 1982 | 183,563 million USD | -4.9% |
| 1983 | 174,497 million USD | -4.9% |
| 1984 | 174,583 million USD | +0.0% |
| 1985 | 185,614 million USD | +6.3% |
| 1986 | 234,547 million USD | +26.4% |
| 1987 | 295,702 million USD | +26.1% |
| 1988 | 371,376 million USD | +25.6% |
| 1989 | 396,166 million USD | +6.7% |
| 1990 | 443,272 million USD | +11.9% |
| 1991 | 410,341 million USD | -7.4% |
| 1992 | 389,054 million USD | -5.2% |
| 1993 | 319,465 million USD | -17.9% |
| 1994 | 349,207 million USD | +9.3% |
| 1995 | 408,119 million USD | +16.9% |
| 1996 | 444,267 million USD | +8.9% |
| 1997 | 448,319 million USD | +0.9% |
| 1998 | 486,637 million USD | +8.5% |
| 1999 | 493,742 million USD | +1.5% |
| 2000 | 485,636 million USD | -1.6% |
| 2001 | 483,110 million USD | -0.5% |
| 2002 | 523,594 million USD | +8.4% |
| 2003 | 614,744 million USD | +17.4% |
| 2004 | 724,791 million USD | +17.9% |
| 2005 | 785,362 million USD | +8.4% |
| 2006 | 870,780 million USD | +10.9% |
| 2007 | 1.03 million million USD | +17.8% |
| 2008 | 1.00 million million USD | -2.3% |
| 2009 | 771,795 million USD | -22.9% |
| 2010 | 768,969 million USD | -0.4% |
| 2011 | 844,014 million USD | +9.8% |
| 2012 | 854,278 million USD | +1.2% |
| 2013 | 903,549 million USD | +5.8% |
| 2014 | 976,680 million USD | +8.1% |
| 2015 | 925,450 million USD | -5.2% |
| 2016 | 948,946 million USD | +2.5% |
| 2017 | 992,573 million USD | +4.6% |
| 2018 | 1.05 million million USD | +5.7% |
| 2019 | 1.15 million million USD | +9.3% |
| 2020 | 1.07 million million USD | -6.9% |
| 2021 | 1.16 million million USD | +9.1% |
| 2022 | 1.12 million million USD | -4.2% |
| 2023 | 1.17 million million USD | +5.0% |
| 2024 | 1.18 million million USD | +1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 106,763 million USD | 53,788 million USD | 184,377 million USD | 10 |
| 1980s | 242,876 million USD | 174,497 million USD | 396,166 million USD | 10 |
| 1990s | 419,242 million USD | 319,465 million USD | 493,742 million USD | 10 |
| 2000s | 728,679 million USD | 483,110 million USD | 1.03 million million USD | 10 |
| 2010s | 941,142 million USD | 768,969 million USD | 1.15 million million USD | 10 |
| 2020s | 1.14 million million USD | 1.07 million million USD | 1.18 million million USD | 5 |
Countries ranked near Northern Europe
- 9 Republic of Korea 599,124 million USD compare
- 10 Australia and New Zealand 529,563 million USD compare
- 11 Italy 523,201 million USD compare
- 12 Canada 500,302 million USD compare
- 13 Russian Federation 471,135 million USD compare
- 13 Russia 471,135 million USD compare
- 15 Australia 464,153 million USD compare
More economy & growth data for Northern Europe
- Gross Domestic Product, GDP in millions constant 2021 international $ 6.84 million (2027)
- Gross Domestic Product — Value US$, 2015 prices 5.56 million million USD (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 1.29 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 1.08 million million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.6681 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.29 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 5.5 % (2024)
- Gross Domestic Product — Annual growth US$ 6.15 % (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 51,132 USD (2024)
- Gross Domestic Product — Value US$ 6.26 million million USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Northern Europe?
- Gross fixed capital formation — value us$ in Northern Europe was 1.18 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$ recorded in Northern Europe?
- The highest recorded value was 1.18 million million USD in 2024.
- What is the lowest gross fixed capital formation — value us$ recorded in Northern Europe?
- The lowest recorded value was 53,788 million USD in 1970.
- How does Northern Europe rank for gross fixed capital formation — value us$?
- Northern Europe ranks 12th out of 30 groups with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Northern Europe?
- Over the last ten years it is up 21.3%. The long-run trend across the full record is volatile.
- Where does this Northern 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$. 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).