Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — Western Asia

Gross capital formation (% of GDP) in Western Asia in 2024 — 27.8%. Since 1987, the indicator has risen by 6.6 pp.

2024 27.8% −0.8 pp vs 2023
World rank
Period maximum 28.6%2023
Period minimum 16.4%1989

Trend over time

1987–2024 · % of GDP

Gross capital formation (% of GDP) — Western Asia, 1987–20241520253019871991199519992003200720112015201920231987: 21.2%1988: 21.7%1989: 16.4%1990: 27.9%1991: 22.8%1992: 23.9%1993: 25.3%1994: 22.7%1995: 25.5%1996: 25.8%1997: 23.6%1998: 24.5%1999: 23.1%2000: 22.5%2001: 22.3%2002: 21.7%2003: 22%2004: 23%2005: 24.1%2006: 25.3%2007: 27.1%2008: 27.1%2009: 26.1%2010: 26.8%2011: 26%2012: 24.8%2013: 25.6%2014: 26.1%2015: 27.8%2016: 27.4%2017: 27.1%2018: 25.7%2019: 26%2020: 27%2021: 27.5%2022: 28.4%2023: 28.6%2024: 27.8%
Change over the period: +6.6 pp Annual average: 0.18 pp

Comparison, 2024

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

Western Asia 27.8%
World 26.3%
Gross capital formation (% of GDP) — Western Asia, by year Western Asia All countries CSV XLSX
Year % Change, pp
2024 27.8 −0.8 pp
2023 28.6 +0.2 pp
2022 28.4 +0.9 pp
2021 27.5 +0.5 pp
2020 27 +1.1 pp
2019 26 +0.3 pp
2018 25.7 −1.5 pp
2017 27.1 −0.3 pp
2016 27.4 −0.3 pp
2015 27.8 +1.7 pp
2014 26.1 +0.5 pp
2013 25.6 +0.8 pp
2012 24.8 −1.2 pp
2011 26 −0.8 pp
2010 26.8 +0.7 pp
2009 26.1 −1 pp
2008 27.1 −0 pp
2007 27.1 +1.8 pp
2006 25.3 +1.2 pp
2005 24.1 +1.1 pp
2004 23 +1 pp
2003 22 +0.3 pp
2002 21.7 −0.5 pp
2001 22.3 −0.2 pp
2000 22.5 −0.6 pp
1999 23.1 −1.4 pp
1998 24.5 +0.9 pp
1997 23.6 −2.1 pp
1996 25.8 +0.2 pp
1995 25.5 +2.8 pp
1994 22.7 −2.6 pp
1993 25.3 +1.4 pp
1992 23.9 +1.1 pp
1991 22.8 −5.1 pp
1990 27.9 +11.5 pp
1989 16.4 −5.3 pp
1988 21.7 +0.5 pp
1987 21.2

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.