Northern Mariana Islands: Gross fixed capital formation, private sector (current LCU)

Key figures

What the numbers say

In 2022, Northern Mariana Islands' gross fixed capital formation, private sector (current LCU) rose 12.5% on 2021 (from 104 million to 117 million).

Across the 19 yearly changes before that (2003 to 2021), the average change was +6% and a typical year strayed about 34.8% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 107.3% in 2016 and the biggest yearly fall was 42.6% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to Northern Mariana Islands in the 2022 ranking

• Burkina Faso — 2nd of 6: 1.19 trillion
• Guam — 3rd of 6: 2.01 billion
• Virgin Islands (US) — 4th of 6: 448 million
• American Samoa — 6th of 6: 53 million

What this measures

Private investment covers outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets. Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 21 values

Gross fixed capital formation, private sector (current LCU) in nearby economies

• American Samoa — 53 million (2022)
• Australia — 565.23 billion (2025)
• Brunei Darussalam — 5.03 billion (2025)
• China — 43.34 trillion (2023)
• Guam — 2.01 billion (2022)
• Hong Kong SAR, China — 365.65 billion (2025)
• Korea, Rep. — 635.16 trillion (2025)
• Lao PDR — 27.34 trillion (2016)
• Macao SAR, China

More economic policy & debt data for Northern Mariana Islands

• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• Adjusted savings, energy depletion (current US$) — US$0 (2021)
• Households and NPISHs Final consumption expenditure per capita, PPP (constant 2021 international $) — 16,049 (2022)
• Households and NPISHs final consumption expenditure (current US$) — US$726 million (2022)
• Households and NPISHs final consumption expenditure (current LCU) — 726 million (2022)
• Households and NPISHs final consumption expenditure, linked series (current LCU) — 726 million (2022)
• Households and NPISHs final consumption expenditure (constant 2015 US$)

Reading data like this

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Questions people ask

What is Northern Mariana Islands's gross fixed capital formation, private sector (current LCU)?

117 million in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is up 46.25% from 80 million in 2002 (1.92% a year on average, compounded). The highest value was 398 million in 2016 and the lowest 74 million in 2011.

Is the latest change in gross fixed capital formation, private sector (current LCU) unusual for Northern Mariana Islands?

In 2022, Northern Mariana Islands' gross fixed capital formation, private sector (current LCU) rose 12.5% on 2021 (from 104 million to 117 million). Across the 19 yearly changes before that (2003 to 2021), the average change was +6% and a typical year strayed about 34.8% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NE.GDI.FPRV.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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