Gross Fixed Capital Formation — Value US$ in Saudi Arabia
Saudi Arabia: Gross Fixed Capital Formation — Value US$ was 311,076 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Saudi Arabia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$ in Saudi Arabia is 311,076 million USD, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 4.5% on the previous year and up 62.8% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Saudi Arabia peaked at 311,076 million USD in 2024 and was at its lowest, 681.92 million USD, in 1970.
That places Saudi Arabia 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$ in Saudi Arabia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 681.92 million USD | — |
| 1971 | 783.49 million USD | +14.9% |
| 1972 | 1,180 million USD | +50.6% |
| 1973 | 2,089 million USD | +77.0% |
| 1974 | 4,012 million USD | +92.0% |
| 1975 | 8,135 million USD | +102.8% |
| 1976 | 13,699 million USD | +68.4% |
| 1977 | 18,941 million USD | +38.3% |
| 1978 | 24,073 million USD | +27.1% |
| 1979 | 27,874 million USD | +15.8% |
| 1980 | 34,099 million USD | +22.3% |
| 1981 | 39,102 million USD | +14.7% |
| 1982 | 38,145 million USD | -2.4% |
| 1983 | 34,804 million USD | -8.8% |
| 1984 | 30,095 million USD | -13.5% |
| 1985 | 23,156 million USD | -23.1% |
| 1986 | 19,614 million USD | -15.3% |
| 1987 | 19,109 million USD | -2.6% |
| 1988 | 16,682 million USD | -12.7% |
| 1989 | 17,705 million USD | +6.1% |
| 1990 | 22,200 million USD | +25.4% |
| 1991 | 26,795 million USD | +20.7% |
| 1992 | 27,721 million USD | +3.5% |
| 1993 | 29,020 million USD | +4.7% |
| 1994 | 24,801 million USD | -14.5% |
| 1995 | 27,551 million USD | +11.1% |
| 1996 | 27,426 million USD | -0.5% |
| 1997 | 29,131 million USD | +6.2% |
| 1998 | 30,122 million USD | +3.4% |
| 1999 | 31,519 million USD | +4.6% |
| 2000 | 32,886 million USD | +4.3% |
| 2001 | 33,625 million USD | +2.2% |
| 2002 | 34,151 million USD | +1.6% |
| 2003 | 39,493 million USD | +15.6% |
| 2004 | 49,566 million USD | +25.5% |
| 2005 | 63,384 million USD | +27.9% |
| 2006 | 76,981 million USD | +21.5% |
| 2007 | 98,317 million USD | +27.7% |
| 2008 | 118,533 million USD | +20.6% |
| 2009 | 110,521 million USD | -6.8% |
| 2010 | 129,046 million USD | +16.8% |
| 2011 | 151,688 million USD | +17.5% |
| 2012 | 164,047 million USD | +8.1% |
| 2013 | 176,911 million USD | +7.8% |
| 2014 | 191,094 million USD | +8.0% |
| 2015 | 196,534 million USD | +2.8% |
| 2016 | 170,547 million USD | -13.2% |
| 2017 | 171,226 million USD | +0.4% |
| 2018 | 175,420 million USD | +2.4% |
| 2019 | 187,721 million USD | +7.0% |
| 2020 | 176,946 million USD | -5.7% |
| 2021 | 212,401 million USD | +20.0% |
| 2022 | 273,137 million USD | +28.6% |
| 2023 | 297,794 million USD | +9.0% |
| 2024 | 311,076 million USD | +4.5% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 311,076 million USD is above the median for high income countries, which is 20,129 million USD, 15.5× the median. (73 countries reporting)
- Saudi Arabia's 311,076 million USD is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 20,159 million USD, 15.4× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$ in Saudi Arabia 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 |
|---|---|---|---|
| 1975 | +102.8% | 4,012 million USD | 8,135 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10,147 million USD | 681.92 million USD | 27,874 million USD | 10 |
| 1980s | 27,251 million USD | 16,682 million USD | 39,102 million USD | 10 |
| 1990s | 27,629 million USD | 22,200 million USD | 31,519 million USD | 10 |
| 2000s | 65,746 million USD | 32,886 million USD | 118,533 million USD | 10 |
| 2010s | 171,423 million USD | 129,046 million USD | 196,534 million USD | 10 |
| 2020s | 254,271 million USD | 176,946 million USD | 311,076 million USD | 5 |
Countries ranked near Saudi Arabia
More economy & growth data for Saudi Arabia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.26 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.52 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 27.03 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0212 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 731.09 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 32.63 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 52.91 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0256 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 882.47 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 8.9 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Saudi Arabia?
- Gross fixed capital formation — value us$ in Saudi Arabia was 311,076 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 Saudi Arabia?
- The highest recorded value was 311,076 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$ recorded in Saudi Arabia?
- The lowest recorded value was 681.92 million USD in 1970.
- How does Saudi Arabia rank for gross fixed capital formation — value us$?
- Saudi Arabia ranks 22nd out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Saudi Arabia?
- Over the last ten years it is up 62.8%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia 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.
Download this data
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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).