Gross Fixed Capital Formation — Value US$ (US Value) in Western Europe
Western Europe: Gross Fixed Capital Formation — Value US$ was 2.48 million million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Western Europe, 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 Western Europe is 2.48 million million USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 0.7% on the previous year and up 25.1% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Western Europe peaked at 2.48 million million USD in 2024 and was at its lowest, 134,327 million USD, in 1970.
Western Europe ranks 9th 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 Western Europe, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 134,327 million USD | — |
| 1971 | 157,426 million USD | +17.2% |
| 1972 | 188,790 million USD | +19.9% |
| 1973 | 243,511 million USD | +29.0% |
| 1974 | 263,090 million USD | +8.0% |
| 1975 | 285,232 million USD | +8.4% |
| 1976 | 293,290 million USD | +2.8% |
| 1977 | 332,368 million USD | +13.3% |
| 1978 | 414,951 million USD | +24.8% |
| 1979 | 497,104 million USD | +19.8% |
| 1980 | 567,554 million USD | +14.2% |
| 1981 | 465,650 million USD | -18.0% |
| 1982 | 430,461 million USD | -7.6% |
| 1983 | 416,647 million USD | -3.2% |
| 1984 | 379,633 million USD | -8.9% |
| 1985 | 385,267 million USD | +1.5% |
| 1986 | 551,374 million USD | +43.1% |
| 1987 | 687,578 million USD | +24.7% |
| 1988 | 767,416 million USD | +11.6% |
| 1989 | 780,506 million USD | +1.7% |
| 1990 | 999,795 million USD | +28.1% |
| 1991 | 1.02 million million USD | +2.0% |
| 1992 | 1.11 million million USD | +9.3% |
| 1993 | 1.02 million million USD | -8.1% |
| 1994 | 1.09 million million USD | +6.1% |
| 1995 | 1.25 million million USD | +14.8% |
| 1996 | 1.21 million million USD | -3.4% |
| 1997 | 1.06 million million USD | -11.7% |
| 1998 | 1.10 million million USD | +3.7% |
| 1999 | 1.11 million million USD | +1.1% |
| 2000 | 1.02 million million USD | -8.6% |
| 2001 | 995,787 million USD | -2.2% |
| 2002 | 1.02 million million USD | +2.4% |
| 2003 | 1.22 million million USD | +19.7% |
| 2004 | 1.38 million million USD | +12.9% |
| 2005 | 1.44 million million USD | +4.4% |
| 2006 | 1.56 million million USD | +8.6% |
| 2007 | 1.84 million million USD | +17.5% |
| 2008 | 2.05 million million USD | +11.7% |
| 2009 | 1.80 million million USD | -12.1% |
| 2010 | 1.77 million million USD | -1.8% |
| 2011 | 2.02 million million USD | +14.0% |
| 2012 | 1.88 million million USD | -7.1% |
| 2013 | 1.92 million million USD | +2.3% |
| 2014 | 1.98 million million USD | +3.0% |
| 2015 | 1.75 million million USD | -11.5% |
| 2016 | 1.79 million million USD | +2.3% |
| 2017 | 1.92 million million USD | +6.9% |
| 2018 | 2.09 million million USD | +9.3% |
| 2019 | 2.10 million million USD | +0.2% |
| 2020 | 2.12 million million USD | +0.8% |
| 2021 | 2.36 million million USD | +11.6% |
| 2022 | 2.29 million million USD | -3.1% |
| 2023 | 2.46 million million USD | +7.4% |
| 2024 | 2.48 million million USD | +0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 281,009 million USD | 134,327 million USD | 497,104 million USD | 10 |
| 1980s | 543,209 million USD | 379,633 million USD | 780,506 million USD | 10 |
| 1990s | 1.10 million million USD | 999,795 million USD | 1.25 million million USD | 10 |
| 2000s | 1.43 million million USD | 995,787 million USD | 2.05 million million USD | 10 |
| 2010s | 1.92 million million USD | 1.75 million million USD | 2.10 million million USD | 10 |
| 2020s | 2.34 million million USD | 2.12 million million USD | 2.48 million million USD | 5 |
Countries ranked near Western Europe
- 6 France 707,095 million USD compare
- 7 United Kingdom of Great Britain and Northern Ireland 613,148 million USD compare
- 7 United Kingdom 613,148 million USD compare
- 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
More economy & growth data for Western Europe
- Gross Domestic Product, GDP in millions constant 2021 international $ 12.78 million (2027)
- Gross Domestic Product — Value US$, 2015 prices 9.16 million million USD (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 0.4755 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 1.94 million million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.3119 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 0.4755 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 3.47 % (2024)
- Gross Domestic Product — Annual growth US$ 3.64 % (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 45,841 USD (2024)
- Gross Domestic Product — Value US$ 11.28 million million USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Western Europe?
- Gross fixed capital formation — value us$ in Western Europe was 2.48 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 Europe?
- The highest recorded value was 2.48 million million USD in 2024.
- What is the lowest gross fixed capital formation — value us$ recorded in Western Europe?
- The lowest recorded value was 134,327 million USD in 1970.
- How does Western Europe rank for gross fixed capital formation — value us$?
- Western Europe ranks 9th out of 30 groups with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Western Europe?
- Over the last ten years it is up 25.1%. The long-run trend across the full record is volatile.
- Where does this Western 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.
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).