In 2022, real gross fixed capital formation for Saudi Arabia was 846,898 million LCU. Real gross fixed capital formation of Saudi Arabia increased from 55,413 million LCU in 1973 to 846,898 million LCU in 2022 growing at an average annual rate of 6.98%.
The description is composed by our digital data assistant.Gross fixed capital formation is measured by the total value of a producer’s acquisitions, less disposals, of fixed assets during the accounting period plus certain additions to the value of non- produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realised by the productive activity of institutional units.
| Date | Value | Change, % |
|---|---|---|
| 2022 | 846,898,109,933 | 24.13% |
| 2021 | 682,291,659,690 | 10.13% |
| 2020 | 619,544,382,250 | -10.41% |
| 2019 | 691,500,053,983 | 4.83% |
| 2018 | 659,652,757,350 | 2.44% |
| 2017 | 643,933,465,181 | 1.04% |
| 2016 | 637,309,286,104 | -13.53% |
| 2015 | 737,002,343,241 | 4.00% |
| 2014 | 708,646,889,289 | 7.68% |
| 2013 | 658,096,621,934 | 5.72% |
| 2012 | 622,504,750,306 | 5.01% |
| 2011 | 592,815,317,453 |