Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — San Marino

Gross capital formation (% of GDP) in San Marino in 2023 — 16.6%. Ranked 146 in the world out of 174. Since 2015, the indicator has risen by 4.5 pp.

2023 16.6% −6.4 pp vs 2022
World rank 146of 174
Period maximum 24%2019
Period minimum 12.1%2015

Trend over time

2015–2023 · % of GDP

Gross capital formation (% of GDP) — San Marino, 2015–2023101520252015201620172018201920202021202220232015: 12.1%2016: 15.8%2017: 19.1%2018: 20.6%2019: 24%2020: 18.1%2021: 22.2%2022: 23%2023: 16.6%
Change over the period: +4.5 pp Annual average: 0.56 pp

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: San Marino

San Marino 16.6%
World 26.7%
Southern Europe computed 22%
High-income countries computed 23%
Gross capital formation (% of GDP) — San Marino, by year San Marino All countries CSV XLSX
Year % Change, pp
2023 16.6 −6.4 pp
2022 23 +0.8 pp
2021 22.2 +4.2 pp
2020 18.1 −6 pp
2019 24 +3.4 pp
2018 20.6 +1.5 pp
2017 19.1 +3.4 pp
2016 15.8 +3.7 pp
2015 12.1

About the indicator

Gross capital formation as a percent of GDP: outlays on fixed assets (buildings, structures, machinery, transport equipment, infrastructure), changes in inventories of material working assets and net acquisition of valuables. A steadily high rate of capital formation is a necessary condition for fast growth: during the economic surges of East Asia the indicator exceeded 35–40% of GDP.

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