Gross Capital Formation (As % of GDP) rose to 30.7% in Turkey in 2018

Gross Capital Formation (As % of GDP) (%)
Economy | Turkey | May 17, 2019
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Gross capital formation as a share of GDP reached 30.7 % in 2018 in Turkey, according to the National Statistical Office. This is 9797 % more than in the previous year.

Historically, gross capital formation as a share of GDP in Turkey reached an all time high of 30.7 % in 2018 and an all time low of 0.100 % in 1961. When compared to Turkey's main peers, gross capital formation as a share of GDP in Bulgaria amounted to 21.5 %, 12.6 % in Greece and 39.1 % in Iran in 2018.

Turkey has been ranked 26th within the group of 163 countries we follow in terms of gross capital formation as a share of GDP, 30 places above the position seen 10 years ago.

Measures the value of acquisitions of new or existing fixed assets by the business sector, governments and "pure" households (excluding their unincorporated enterprises), less disposals of fixed assets.

Gross Capital Formation (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Albania % 0.249% 21.7% 21.7% 22.1% 22.9%
Bulgaria % 0.201% 21.5% 21.6% 21.4% 21.2%
Greece % 0.125% 12.6% 13.8% 14.8% 15.4%
Iran % 0.347% 39.1% 39.2% 38.7% 38.5%
Iraq % 0.179% ... ... ... ... ... ...
Kuwait % 0.289% 22.2% 22.8% 23.9% 24.8%
Macedonia % 0.330% ... ... ... ... ... ...
Pakistan % 0.161% 16.4% 16.0% 15.1% 14.9%
Romania % 0.244% 24.3% 22.9% 22.8% 22.6%
Saudi Arabia % 0.279% 26.6% 26.5% 26.9% 26.9%
Serbia % 0.210% 21.3% 21.6% 21.8% 21.7%
Syria % ... ... ... ... ... ... ... ... ...
Turkey % 0.310% 30.7% 26.4% 25.2% 24.4%
Turkmenistan % ... ... ... ... ... ... ... ... ...