Gross capital formation in US dollars — all countries

Gross capital formation in US dollars — Western Asia

Gross capital formation in US dollars in Western Asia in 2024 — 1,103,730,630,723 US$. Since 1987, the indicator has risen by 1,477.1%.

2024 1.1T US$ −7.76% vs 2023
World rank
Period maximum 1.21T US$2022
Period minimum 62.68B US$1989

Trend over time

1987–2024 · US$

Gross capital formation in US dollars — Western Asia, 1987–20240500B1T1.5T19871991199519992003200720112015201920231987: 69,983,200,795 US$1988: 76,542,005,061 US$1989: 62,684,287,529 US$1990: 167,050,497,580 US$1991: 98,977,018,628 US$1992: 111,065,757,938 US$1993: 124,901,027,986 US$1994: 107,369,862,190 US$1995: 154,456,783,556 US$1996: 166,861,380,843 US$1997: 162,959,342,327 US$1998: 166,639,562,286 US$1999: 162,068,416,943 US$2000: 178,866,639,317 US$2001: 179,553,983,829 US$2002: 185,794,642,865 US$2003: 218,277,990,928 US$2004: 278,726,834,460 US$2005: 358,801,521,707 US$2006: 436,197,286,274 US$2007: 554,391,739,812 US$2008: 674,568,610,439 US$2009: 548,686,926,087 US$2010: 671,853,773,404 US$2011: 774,785,992,870 US$2012: 795,126,314,755 US$2013: 870,862,827,148 US$2014: 893,669,979,874 US$2015: 833,869,592,611 US$2016: 817,826,703,515 US$2017: 852,467,753,012 US$2018: 864,688,562,375 US$2019: 870,231,723,263 US$2020: 800,733,992,446 US$2021: 979,479,159,436 US$2022: 1,209,998,882,511 US$2023: 1,196,587,917,813 US$2024: 1,103,730,630,723 US$
Change over the period: +1.03T (+1,477.14%) Average annual rate: 7.74 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Western Asia

Western Asia 1.1T US$
World 29.36T US$
Gross capital formation in US dollars — Western Asia, by year Western Asia All countries CSV XLSX
Year US$ Change Change, %
2024 1.1T −92.86B −7.76%
2023 1.2T −13.41B −1.11%
2022 1.21T +231B +23.53%
2021 979B +179B +22.32%
2020 801B −69.5B −7.99%
2019 870B +5.54B +0.64%
2018 865B +12.22B +1.43%
2017 852B +34.64B +4.24%
2016 818B −16.04B −1.92%
2015 834B −59.8B −6.69%
2014 894B +22.81B +2.62%
2013 871B +75.74B +9.53%
2012 795B +20.34B +2.63%
2011 775B +103B +15.32%
2010 672B +123B +22.45%
2009 549B −126B −18.66%
2008 675B +120B +21.68%
2007 554B +118B +27.1%
2006 436B +77.4B +21.57%
2005 359B +80.07B +28.73%
2004 279B +60.45B +27.69%
2003 218B +32.48B +17.48%
2002 186B +6.24B +3.48%
2001 180B +687M +0.38%
2000 179B +16.8B +10.36%
1999 162B −4.57B −2.74%
1998 167B +3.68B +2.26%
1997 163B −3.9B −2.34%
1996 167B +12.4B +8.03%
1995 154B +47.09B +43.85%
1994 107B −17.53B −14.04%
1993 125B +13.84B +12.46%
1992 111B +12.09B +12.21%
1991 98.98B −68.07B −40.75%
1990 167B +104B +166.5%
1989 62.68B −13.86B −18.1%
1988 76.54B +6.56B +9.37%
1987 69.98B

About the indicator

Gross fixed capital formation and changes in inventories in current US dollars — what is commonly called investment in the economy. It covers the construction of buildings and structures, purchases of machinery and equipment, roads and networks, as well as the build-up of inventories. The word gross means that the wear of existing capital is not deducted: part of these outlays merely replaces what is retiring rather than adding to the stock.

Important: This concerns outlays on physical capital inside the country, not financial investment and not inflows of foreign capital.

Source: World Development Indicators (World Bank), license CC BY 4.0.