Gross Fixed Capital Formation — Value US$ (US Value) in Western Asia
Western Asia: Gross Fixed Capital Formation — Value US$ (US Value) was 1.19 million million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Western Asia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Western Asia recorded 1.19 million million USD for gross fixed capital formation — value us$ in 2024. That is the highest value across all 55 years on record.
The figure is up 7.8% on the previous year and up 39.3% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Western Asia peaked at 1.19 million million USD in 2024 and was at its lowest, 9,064 million USD, in 1970.
Western Asia ranks 11th 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$ (US Value) in Western Asia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 9,064 million USD | — |
| 1971 | 9,486 million USD | +4.6% |
| 1972 | 12,270 million USD | +29.3% |
| 1973 | 17,008 million USD | +38.6% |
| 1974 | 25,304 million USD | +48.8% |
| 1975 | 37,450 million USD | +48.0% |
| 1976 | 50,842 million USD | +35.8% |
| 1977 | 63,290 million USD | +24.5% |
| 1978 | 69,404 million USD | +9.7% |
| 1979 | 85,158 million USD | +22.7% |
| 1980 | 87,459 million USD | +2.7% |
| 1981 | 101,938 million USD | +16.6% |
| 1982 | 101,995 million USD | +0.1% |
| 1983 | 96,416 million USD | -5.5% |
| 1984 | 87,698 million USD | -9.0% |
| 1985 | 78,199 million USD | -10.8% |
| 1986 | 80,084 million USD | +2.4% |
| 1987 | 82,390 million USD | +2.9% |
| 1988 | 84,137 million USD | +2.1% |
| 1989 | 86,581 million USD | +2.9% |
| 1990 | 109,284 million USD | +26.2% |
| 1991 | 124,590 million USD | +14.0% |
| 1992 | 134,523 million USD | +8.0% |
| 1993 | 148,941 million USD | +10.7% |
| 1994 | 129,710 million USD | -12.9% |
| 1995 | 153,716 million USD | +18.5% |
| 1996 | 167,374 million USD | +8.9% |
| 1997 | 178,643 million USD | +6.7% |
| 1998 | 178,303 million USD | -0.2% |
| 1999 | 163,115 million USD | -8.5% |
| 2000 | 178,018 million USD | +9.1% |
| 2001 | 157,135 million USD | -11.7% |
| 2002 | 172,863 million USD | +10.0% |
| 2003 | 210,307 million USD | +21.7% |
| 2004 | 270,781 million USD | +28.8% |
| 2005 | 345,119 million USD | +27.5% |
| 2006 | 413,943 million USD | +19.9% |
| 2007 | 524,776 million USD | +26.8% |
| 2008 | 630,172 million USD | +20.1% |
| 2009 | 530,869 million USD | -15.8% |
| 2010 | 614,168 million USD | +15.7% |
| 2011 | 718,989 million USD | +17.1% |
| 2012 | 744,425 million USD | +3.5% |
| 2013 | 816,855 million USD | +9.7% |
| 2014 | 853,515 million USD | +4.5% |
| 2015 | 824,549 million USD | -3.4% |
| 2016 | 796,694 million USD | -3.4% |
| 2017 | 797,514 million USD | +0.1% |
| 2018 | 804,377 million USD | +0.9% |
| 2019 | 794,383 million USD | -1.2% |
| 2020 | 706,646 million USD | -11.0% |
| 2021 | 837,809 million USD | +18.6% |
| 2022 | 982,941 million USD | +17.3% |
| 2023 | 1.10 million million USD | +12.2% |
| 2024 | 1.19 million million USD | +7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 37,928 million USD | 9,064 million USD | 85,158 million USD | 10 |
| 1980s | 88,690 million USD | 78,199 million USD | 101,995 million USD | 10 |
| 1990s | 148,820 million USD | 109,284 million USD | 178,643 million USD | 10 |
| 2000s | 343,398 million USD | 157,135 million USD | 630,172 million USD | 10 |
| 2010s | 776,547 million USD | 614,168 million USD | 853,515 million USD | 10 |
| 2020s | 963,797 million USD | 706,646 million USD | 1.19 million million USD | 5 |
Countries ranked near Western Asia
- 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
More economy & growth data for Western Asia
- Gross Domestic Product, GDP in millions constant 2021 international $ 4.37 million (2027)
- Gross Domestic Product — Value US$, 2015 prices 3.84 million million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 2.46 % (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate 4.45 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 5.21 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 6.59 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 2.05 % change on previous year (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 12,408 USD (2024)
- Gross Domestic Product — Value US$ 4.55 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 14,704 USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Western Asia?
- Gross fixed capital formation — value us$ in Western Asia was 1.19 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 Western Asia?
- The highest recorded value was 1.19 million million USD in 2024.
- What is the lowest gross fixed capital formation — value us$ recorded in Western Asia?
- The lowest recorded value was 9,064 million USD in 1970.
- How does Western Asia rank for gross fixed capital formation — value us$?
- Western Asia ranks 11th out of 30 groups with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Western Asia?
- Over the last ten years it is up 39.3%. The long-run trend across the full record is volatile.
- Where does this Western Asia 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).