Small states: Gross capital formation (annual % growth)

Key figures

What the numbers say

In 2024, Small states' gross capital formation (annual % growth) rose 2.37 percentage points on 2023 (from 1.07% to 3.44%).

Across the 22 yearly changes before that (2002 to 2023), the average change was +0.14 percentage points and a typical year strayed about 10.81 percentage points 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 25.25 percentage points in 2010 and the biggest yearly fall was 19.68 percentage points in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 7% 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.

How it compares

See how every economy compares in the full ranking.

What this measures

Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 24 values

Gross capital formation (annual % growth) in nearby economies

• Algeria — 10.97% (2025)
• Bahrain — 3.45% (2024)
• Djibouti — -41.22% (2025)
• Egypt, Arab Rep. — -5.47% (2025)
• Iran, Islamic Rep. — -10.46% (2025)
• Iraq — -40.48% (2024)
• Israel — 7.38% (2025)
• Kuwait — -18.28% (2024)
• Lebanon — -31.63% (2024)
• Libya — 8.56% (2025)

More economic policy & debt data for Small states

• Foreign direct investment, net outflows (BoP, current US$) — US$12.49 billion (2025)
• Personal remittances, paid (current US$) — US$4.28 billion (2025)
• Foreign direct investment, net inflows (BoP, current US$) — US$40.34 billion (2025)
• Foreign direct investment, net inflows (% of GDP) — 12.23% (2025)
• Portfolio equity, net inflows (BoP, current US$) — US$643.45 million (2025)
• Personal remittances, received (current US$) — US$4.56 billion (2025)
• GDP (current US$) — US$337.31 billion (2025)
• GDP per capita (current US$) — US$16,578 (2025)
• Net financial flows, IBRD (NFL, current US$) — US$94.11 million (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Small states's gross capital formation (annual % growth)?

3.44% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2001?

It is up 5.53 percentage points from -2.09% in 2001. The highest value was 16.63% in 2006 and the lowest -21.42% in 2009.

Is the latest change in gross capital formation (annual % growth) unusual for Small states?

In 2024, Small states' gross capital formation (annual % growth) rose 2.37 percentage points on 2023 (from 1.07% to 3.44%). Across the 22 yearly changes before that (2002 to 2023), the average change was +0.14 percentage points and a typical year strayed about 10.81 percentage points 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.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator NE.GDI.TOTL.KD.ZG, 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.