Small states's gross fixed capital formation (current US$) was US$67.79 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 53.66% from US$44.11 billion in 2014 (4.39% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$67.79 billion | 2024 |
| Five years earlier | US$54.92 billion | 2019 |
| Ten years earlier | US$44.11 billion | 2014 |
| Highest | US$67.79 billion | 2024 |
| Lowest | US$10.68 billion | 1993 |
| Average since 2015 | US$54.97 billion | 2015–2024 |
| First recorded | US$10.68 billion |
What the numbers say
In 2024, Small states' gross fixed capital formation (current US$) rose 5.5% on 2023 (from US$64.27 billion to US$67.79 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +6.7% and a typical year strayed about 10.2% from that (the standard deviation). This year's change was 0.1 standard deviations below 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 25.7% in 2006 and the biggest yearly fall was 20.6% 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 the straight-line trend is upward, about US$2.45 billion a year. A straight line explains 88% of the movement over 10 observed years.
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.
| Value | Year | |
|---|---|---|
| Small states | US$67.79 billion | 2024 |
| World | US$28.61 trillion | 2024 |
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 32 values
| Year | Gross fixed capital formation (current US$) |
|---|---|
| 2024 | 67,785,241,024 |
| 2023 | 64,273,438,029 |
| 2022 | 60,048,611,340 |
| 2021 | 57,522,283,162 |
| 2020 | 50,606,662,364 |
| 2019 | 54,918,078,276 |
| 2018 | 56,125,897,007 |
| 2017 | 50,197,411,389 |
| 2016 | 44,546,533,525 |
| 2015 | 43,649,694,308 |
Gross fixed capital formation (current US$) in nearby economies
- Algeria — US$113.09 billion (2025)
- Bahrain — US$13.63 billion (2024)
- Djibouti — US$1.18 billion (2025)
- Egypt, Arab Rep. — US$42.75 billion (2025)
- Iran, Islamic Rep. — US$104.45 billion (2025)
- Iraq — US$40.15 billion (2024)
- Israel — US$145.39 billion (2025)
- Kuwait — US$26.95 billion (2024)
- Lebanon — US$375.26 million (2024)
- Libya — US$6.86 billion (2025)
More economic policy & debt data for Small states
- Foreign direct investment, net outflows (BoP, current US$) — 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$94.11 million (2024)
Reading data like this
Questions people ask
- What is Small states's gross fixed capital formation (current US$)?
- US$67.79 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1993?
- It is up 534.91% from US$10.68 billion in 1993 (6.14% a year on average, compounded). The highest value was US$67.79 billion in 2024 and the lowest US$10.68 billion in 1993.
- Is the latest change in gross fixed capital formation (current US$) unusual for Small states?
- In 2024, Small states' gross fixed capital formation (current US$) rose 5.5% on 2023 (from US$64.27 billion to US$67.79 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +6.7% and a typical year strayed about 10.2% from that (the standard deviation). This year's change was 0.1 standard deviations below 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.FTOT.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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