Gross Fixed Capital Formation — Value US$ in Turkey
Turkey: Gross Fixed Capital Formation — Value US$ was 410,189 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Turkey, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Turkey recorded 410,189 million USD for gross fixed capital formation — value us$ in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 15.1% on the previous year and up 52.0% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Turkey peaked at 410,189 million USD in 2024 and was at its lowest, 3,834 million USD, in 1971.
That places Turkey 17th 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 Turkey, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 4,414 million USD | — |
| 1971 | 3,834 million USD | -13.1% |
| 1972 | 4,947 million USD | +29.0% |
| 1973 | 6,431 million USD | +30.0% |
| 1974 | 9,119 million USD | +41.8% |
| 1975 | 12,117 million USD | +32.9% |
| 1976 | 16,196 million USD | +33.7% |
| 1977 | 17,942 million USD | +10.8% |
| 1978 | 16,349 million USD | -8.9% |
| 1979 | 23,200 million USD | +41.9% |
| 1980 | 14,361 million USD | -38.1% |
| 1981 | 18,028 million USD | +25.5% |
| 1982 | 16,339 million USD | -9.4% |
| 1983 | 15,320 million USD | -6.2% |
| 1984 | 14,937 million USD | -2.5% |
| 1985 | 19,259 million USD | +28.9% |
| 1986 | 24,831 million USD | +28.9% |
| 1987 | 28,348 million USD | +14.2% |
| 1988 | 31,171 million USD | +10.0% |
| 1989 | 32,107 million USD | +3.0% |
| 1990 | 45,284 million USD | +41.0% |
| 1991 | 47,300 million USD | +4.5% |
| 1992 | 49,412 million USD | +4.5% |
| 1993 | 62,868 million USD | +27.2% |
| 1994 | 42,267 million USD | -32.8% |
| 1995 | 53,038 million USD | +25.5% |
| 1996 | 59,833 million USD | +12.8% |
| 1997 | 65,924 million USD | +10.2% |
| 1998 | 64,714 million USD | -1.8% |
| 1999 | 50,972 million USD | -21.2% |
| 2000 | 60,925 million USD | +19.5% |
| 2001 | 36,215 million USD | -40.6% |
| 2002 | 46,788 million USD | +29.2% |
| 2003 | 65,052 million USD | +39.0% |
| 2004 | 102,945 million USD | +58.2% |
| 2005 | 133,720 million USD | +29.9% |
| 2006 | 158,604 million USD | +18.6% |
| 2007 | 190,004 million USD | +19.8% |
| 2008 | 205,337 million USD | +8.1% |
| 2009 | 144,333 million USD | -29.7% |
| 2010 | 191,410 million USD | +32.6% |
| 2011 | 232,713 million USD | +21.6% |
| 2012 | 238,264 million USD | +2.4% |
| 2013 | 271,502 million USD | +14.0% |
| 2014 | 269,904 million USD | -0.6% |
| 2015 | 255,444 million USD | -5.4% |
| 2016 | 253,149 million USD | -0.9% |
| 2017 | 256,469 million USD | +1.3% |
| 2018 | 231,876 million USD | -9.6% |
| 2019 | 197,691 million USD | -14.7% |
| 2020 | 198,253 million USD | +0.3% |
| 2021 | 230,976 million USD | +16.5% |
| 2022 | 264,542 million USD | +14.5% |
| 2023 | 356,238 million USD | +34.7% |
| 2024 | 410,189 million USD | +15.1% |
Turkey compared with similar countries
- Turkey's 410,189 million USD is above the median for upper middle income countries, which is 8,136 million USD, 50.4× the median. (54 countries reporting)
- Turkey's 410,189 million USD is above the median for Europe & Central Asia, which is 26,071 million USD, 15.7× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11,455 million USD | 3,834 million USD | 23,200 million USD | 10 |
| 1980s | 21,470 million USD | 14,361 million USD | 32,107 million USD | 10 |
| 1990s | 54,161 million USD | 42,267 million USD | 65,924 million USD | 10 |
| 2000s | 114,392 million USD | 36,215 million USD | 205,337 million USD | 10 |
| 2010s | 239,842 million USD | 191,410 million USD | 271,502 million USD | 10 |
| 2020s | 292,040 million USD | 198,253 million USD | 410,189 million USD | 5 |
Countries ranked near Turkey
More economy & growth data for Turkey
- Foreign direct investment, net outflows (BoP, current US$), gaps 6.61 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0049 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 77.33 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.70 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.77 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0086 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 136.79 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 19.3 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1162 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 2,161 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Turkey?
- Gross fixed capital formation — value us$ in Turkey was 410,189 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 Turkey?
- The highest recorded value was 410,189 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$ recorded in Turkey?
- The lowest recorded value was 3,834 million USD in 1971.
- How does Turkey rank for gross fixed capital formation — value us$?
- Turkey ranks 17th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Turkey?
- Over the last ten years it is up 52.0%. The long-run trend across the full record is volatile.
- Where does this Turkey 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).