Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — Melanesia

Gross capital formation (% of GDP) in Melanesia in 2024 — 21.7%. Since 1980, the indicator has fallen by 4.2 pp.

2024 21.7% −1.5 pp vs 2023
World rank
Period maximum 35.3%2010
Period minimum 17.3%1993

Trend over time

1980–2024 · % of GDP

Gross capital formation (% of GDP) — Melanesia, 1980–202415202530354019801985199019952000200520102015202020241980: 25.9%1981: 26.2%1982: 26.6%1983: 24.1%1984: 21.9%1985: 18.1%1986: 19.6%1987: 19.3%1988: 23.3%1989: 20.6%1990: 24.7%1991: 23.6%1992: 20.1%1993: 17.3%1994: 19.2%1995: 19.1%1996: 20.2%1997: 19.5%1998: 20.2%1999: 20.2%2000: 21.3%2001: 21.6%2002: 22.3%2003: 25%2004: 24.3%2005: 25.8%2006: 28.4%2007: 30.9%2008: 35.3%2009: 29.7%2010: 35.3%2011: 34.4%2012: 32.1%2013: 33.4%2014: 29%2015: 29.1%2016: 25.7%2017: 25.1%2018: 24.6%2019: 24.9%2020: 22.9%2021: 23.8%2022: 24.1%2023: 23.2%2024: 21.7%
Change over the period: −4.2 pp Annual average: -0.09 pp

Comparison, 2024

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

Melanesia 21.7%
World 26.3%
Gross capital formation (% of GDP) — Melanesia, by year Melanesia All countries CSV XLSX
Year % Change, pp
2024 21.7 −1.5 pp
2023 23.2 −0.9 pp
2022 24.1 +0.3 pp
2021 23.8 +0.8 pp
2020 22.9 −1.9 pp
2019 24.9 +0.3 pp
2018 24.6 −0.6 pp
2017 25.1 −0.5 pp
2016 25.7 −3.4 pp
2015 29.1 +0.1 pp
2014 29 −4.4 pp
2013 33.4 +1.3 pp
2012 32.1 −2.3 pp
2011 34.4 −1 pp
2010 35.3 +5.7 pp
2009 29.7 −5.6 pp
2008 35.3 +4.3 pp
2007 30.9 +2.5 pp
2006 28.4 +2.6 pp
2005 25.8 +1.5 pp
2004 24.3 −0.7 pp
2003 25 +2.7 pp
2002 22.3 +0.7 pp
2001 21.6 +0.3 pp
2000 21.3 +1.1 pp
1999 20.2 −0 pp
1998 20.2 +0.8 pp
1997 19.5 −0.8 pp
1996 20.2 +1.1 pp
1995 19.1 −0.1 pp
1994 19.2 +1.9 pp
1993 17.3 −2.8 pp
1992 20.1 −3.4 pp
1991 23.6 −1.1 pp
1990 24.7 +4.1 pp
1989 20.6 −2.7 pp
1988 23.3 +4 pp
1987 19.3 −0.3 pp
1986 19.6 +1.5 pp
1985 18.1 −3.8 pp
1984 21.9 −2.2 pp
1983 24.1 −2.5 pp
1982 26.6 +0.5 pp
1981 26.2 +0.3 pp
1980 25.9

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.