Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) — Agriculture orientation index US$, 2015 prices by country
As part of the FAO Agriculture Capital Stock (ACS) database, the Statistics Division of FAO publishes country-by-country data on physical investment in agriculture, forestry and fishing as measured by the System of National Accounts (SNA) concept of Gross Fixed Capital Formation (GFCF). Additional variables...
What the numbers show
Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) — Agriculture orientation index US$, 2015 prices is currently reported for 187 countries. The highest value is 9.77 in Luxembourg; the lowest is 0.044 in Anguilla.
The median across all reporting countries is 0.5408, and the mean is 0.8519.
The gap between the highest and lowest reporting country is a factor of about 222.
Over the past decade 124 countries rose and 63 fell. The largest increase was in Liberia (up 584.9%), and the largest decrease in Mauritius (down 82.1%).
Gross Fixed Capital Formation (Agriculture, Forestry and Fishing): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Luxembourg | 9.77 | 2023 | down 24.7% | volatile |
| 2 | Estonia | 6.43 | 2023 | up 196.8% | rising |
| 3 | Latvia | 4.47 | 2023 | up 113.2% | volatile |
| 3 | Türkiye | 0.6287 | 2023 | up 2.7% | falling |
| 4 | Denmark | 3.55 | 2023 | up 19.6% | falling |
| 5 | United Kingdom of Great Britain and Northern Ireland | 3.43 | 2023 | up 17.8% | flat |
| 6 | Greece | 3.27 | 2023 | up 49.5% | rising |
| 6 | Viet Nam | 0.5722 | 2023 | up 43.3% | rising |
| 7 | Belarus | 2.67 | 2023 | up 26.4% | rising |
| 8 | Lithuania | 2.66 | 2023 | down 16.5% | rising |
| 9 | Slovenia | 2.63 | 2023 | up 52.4% | rising |
| 10 | Belgium | 2.5 | 2023 | up 14.2% | rising |
| 10 | Timor-Leste | 0.3904 | 2023 | up 17.5% | rising |
| 11 | Austria | 2.33 | 2023 | down 17.5% | falling |
| 12 | Singapore | 2.15 | 2023 | up 19.7% | rising |
| 12 | Cabo Verde | 0.8855 | 2023 | up 95.5% | rising |
| 13 | Sweden | 2.05 | 2023 | up 18.3% | falling |
| 14 | France | 1.97 | 2023 | up 1.5% | falling |
| 15 | Ireland | 1.94 | 2023 | down 26.2% | falling |
| 16 | Poland | 1.9 | 2023 | up 15.5% | rising |
| 16 | Democratic Republic of the Congo | 0.2168 | 2023 | down 11.3% | falling |
| 17 | Germany | 1.88 | 2023 | down 17.7% | rising |
| 18 | South Africa | 1.79 | 2023 | up 13.8% | falling |
| 19 | Italy | 1.79 | 2023 | up 40.4% | rising |
| 20 | Norway | 1.76 | 2023 | up 64.1% | falling |
| 21 | Switzerland | 1.74 | 2023 | down 0.1% | flat |
| 22 | Bulgaria | 1.72 | 2023 | up 23.8% | rising |
| 23 | Hungary | 1.72 | 2023 | up 41.6% | rising |
| 24 | Slovakia | 1.67 | 2023 | up 3.5% | falling |
| 25 | Croatia | 1.56 | 2023 | up 93.2% | rising |
| 26 | Netherlands (Kingdom of the) | 1.54 | 2023 | down 35.4% | rising |
| 27 | Uruguay | 1.48 | 2023 | up 33.7% | rising |
| 28 | New Zealand | 1.42 | 2023 | up 16.9% | rising |
| 29 | Guinea | 1.4 | 2023 | up 175.3% | volatile |
| 30 | Romania | 1.4 | 2023 | down 9.3% | rising |
| 31 | Portugal | 1.35 | 2023 | down 23.8% | rising |
| 32 | Czechia | 1.34 | 2023 | down 20.1% | rising |
| 33 | British Virgin Islands | 1.22 | 2023 | up 65.1% | rising |
| 34 | Australia and New Zealand | 1.21 | 2023 | up 17.9% | falling |
| 35 | Australia | 1.18 | 2023 | up 16.0% | falling |
| 36 | Papua New Guinea | 1.13 | 2023 | up 200.2% | rising |
| 37 | Libya | 1.11 | 2023 | up 293.3% | volatile |
| 38 | Angola | 1.1 | 2023 | up 245.0% | volatile |
| 39 | Spain | 1.09 | 2023 | up 43.6% | rising |
| 40 | Finland | 1.06 | 2023 | down 43.5% | falling |
| 41 | Jordan | 1.05 | 2023 | up 289.8% | volatile |
| 42 | Argentina | 1.04 | 2023 | down 18.0% | rising |
| 43 | Pakistan | 1.02 | 2023 | up 8.5% | rising |
| 44 | Canada | 1 | 2023 | up 45.0% | falling |
| 45 | Eswatini | 0.9864 | 2023 | down 12.8% | rising |
| 46 | Sri Lanka | 0.9648 | 2023 | up 137.8% | rising |
| 47 | Cuba | 0.928 | 2023 | down 2.8% | rising |
| 48 | Serbia | 0.9236 | 2023 | down 10.1% | falling |
| 49 | Equatorial Guinea | 0.9102 | 2023 | up 150.3% | volatile |
| 50 | Russian Federation | 0.9093 | 2023 | up 13.4% | rising |
| 51 | Cyprus | 0.9084 | 2023 | up 356.7% | falling |
| 52 | Honduras | 0.9082 | 2023 | up 29.8% | rising |
| 53 | Japan | 0.8944 | 2023 | down 21.3% | falling |
| 54 | Puerto Rico | 0.8944 | 2023 | down 22.6% | falling |
| 55 | Curaçao | 0.8901 | 2022 | up 26.6% | falling |
| 56 | Palestine | 0.8814 | 2023 | up 34.0% | rising |
| 57 | Eritrea | 0.8583 | 2023 | up 85.7% | volatile |
| 58 | Turks and Caicos Islands | 0.8571 | 2023 | up 10.4% | volatile |
| 59 | Israel | 0.8356 | 2023 | up 14.2% | falling |
| 60 | Thailand | 0.7897 | 2023 | up 1.8% | rising |
| 61 | Costa Rica | 0.7745 | 2023 | up 13.5% | falling |
| 62 | Ghana | 0.7736 | 2023 | up 97.4% | rising |
| 63 | Kuwait | 0.7515 | 2023 | up 35.9% | volatile |
| 64 | Colombia | 0.7456 | 2023 | up 199.7% | rising |
| 65 | Guatemala | 0.7433 | 2023 | down 5.6% | falling |
| 66 | Paraguay | 0.7414 | 2023 | up 20.4% | flat |
| 67 | Philippines | 0.7397 | 2023 | up 32.2% | rising |
| 68 | El Salvador | 0.7175 | 2023 | down 10.6% | rising |
| 69 | Haiti | 0.717 | 2023 | up 60.9% | rising |
| 70 | Morocco | 0.7152 | 2023 | up 1.9% | falling |
| 71 | Armenia | 0.6973 | 2023 | up 110.6% | rising |
| 72 | Albania | 0.6833 | 2023 | up 31.4% | falling |
| 73 | Tunisia | 0.6669 | 2023 | down 10.8% | rising |
| 74 | Liberia | 0.6653 | 2023 | up 584.9% | volatile |
| 75 | Comoros | 0.6452 | 2023 | up 52.7% | rising |
| 76 | Peru | 0.6397 | 2023 | up 83.7% | rising |
| 77 | Bosnia and Herzegovina | 0.6389 | 2023 | down 5.6% | rising |
| 78 | Namibia | 0.6363 | 2023 | up 3.3% | rising |
| 79 | Republic of Korea | 0.6008 | 2023 | up 3.7% | falling |
| 80 | Cayman Islands | 0.5941 | 2023 | up 7.1% | rising |
| 81 | Malaysia | 0.5847 | 2023 | up 60.1% | rising |
| 82 | Trinidad and Tobago | 0.5822 | 2023 | up 359.1% | volatile |
| 83 | Guinea-Bissau | 0.5817 | 2023 | up 2.3% | rising |
| 84 | Yemen | 0.5786 | 2023 | up 21.5% | falling |
| 85 | Brunei Darussalam | 0.5723 | 2023 | up 73.3% | falling |
| 86 | Guyana | 0.5692 | 2023 | up 66.4% | rising |
| 87 | Mexico | 0.5655 | 2023 | up 33.4% | volatile |
| 88 | Andorra | 0.5639 | 2023 | up 2.0% | rising |
| 89 | Nigeria | 0.5632 | 2023 | down 55.9% | rising |
| 90 | Nicaragua | 0.5501 | 2023 | up 48.3% | rising |
| 91 | Chile | 0.5408 | 2023 | down 9.1% | falling |
| 92 | Burkina Faso | 0.5271 | 2023 | up 88.4% | rising |
| 93 | Brazil | 0.5168 | 2023 | up 48.6% | falling |
| 94 | Iceland | 0.5164 | 2023 | down 23.3% | rising |
| 95 | Indonesia | 0.5163 | 2023 | up 13.7% | falling |
| 96 | Uganda | 0.5156 | 2023 | up 16.9% | rising |
| 97 | Cameroon | 0.5133 | 2023 | up 2.3% | rising |
| 98 | Zambia | 0.513 | 2023 | down 25.2% | falling |
| 99 | Bahamas | 0.5093 | 2023 | up 1.5% | rising |
| 100 | Malawi | 0.4926 | 2023 | up 56.0% | rising |
| 101 | Montenegro | 0.4908 | 2023 | down 5.2% | falling |
| 102 | United Arab Emirates | 0.4789 | 2023 | up 13.1% | rising |
| 103 | India | 0.4779 | 2023 | up 2.4% | rising |
| 104 | Tajikistan | 0.4711 | 2023 | up 81.0% | falling |
| 105 | Vanuatu | 0.4663 | 2023 | up 5.4% | falling |
| 106 | Kenya | 0.457 | 2023 | up 137.1% | rising |
| 107 | Solomon Islands | 0.4431 | 2023 | down 27.9% | rising |
| 108 | Bahrain | 0.4431 | 2023 | down 1.4% | falling |
| 109 | Zimbabwe | 0.4402 | 2023 | down 69.6% | volatile |
| 110 | Afghanistan | 0.4397 | 2023 | up 17.6% | rising |
| 111 | Azerbaijan | 0.438 | 2023 | down 15.8% | volatile |
| 112 | Bhutan | 0.4358 | 2023 | up 112.8% | rising |
| 113 | Sudan | 0.4355 | 2022 | down 23.6% | falling |
| 114 | Egypt | 0.433 | 2023 | up 43.6% | volatile |
| 115 | Iraq | 0.4298 | 2023 | up 140.1% | volatile |
| 116 | Georgia | 0.4287 | 2023 | up 5.5% | flat |
| 117 | Mauritania | 0.4286 | 2023 | up 116.5% | rising |
| 118 | Tonga | 0.4216 | 2023 | down 18.5% | flat |
| 119 | Malta | 0.4178 | 2023 | down 61.9% | falling |
| 120 | Kazakhstan | 0.4147 | 2023 | up 9.4% | rising |
| 121 | Grenada | 0.4089 | 2023 | up 8.4% | falling |
| 122 | Bangladesh | 0.3965 | 2023 | up 40.4% | rising |
| 123 | Mongolia | 0.3952 | 2023 | down 11.1% | rising |
| 124 | Saint Kitts and Nevis | 0.3924 | 2023 | up 6.3% | rising |
| 125 | Botswana | 0.3858 | 2023 | up 23.3% | rising |
| 126 | Fiji | 0.3839 | 2023 | up 68.8% | rising |
| 127 | Congo | 0.3828 | 2023 | up 115.1% | falling |
| 128 | Senegal | 0.3823 | 2023 | up 2.0% | flat |
| 129 | Saudi Arabia | 0.3759 | 2023 | up 3.2% | falling |
| 130 | China, mainland | 0.3667 | 2023 | up 6.2% | rising |
| 131 | Mauritius | 0.3665 | 2023 | down 82.1% | falling |
| 132 | Mali | 0.3618 | 2023 | up 10.0% | rising |
| 133 | Rwanda | 0.3611 | 2023 | up 50.4% | rising |
| 134 | Turkmenistan | 0.3545 | 2023 | up 19.4% | flat |
| 135 | Gabon | 0.3268 | 2023 | up 9.2% | falling |
| 136 | Cambodia | 0.3253 | 2023 | down 5.5% | rising |
| 137 | Lesotho | 0.3174 | 2023 | up 4.0% | rising |
| 138 | Algeria | 0.3167 | 2023 | up 24.7% | falling |
| 139 | Bermuda | 0.3105 | 2023 | down 9.2% | rising |
| 140 | Ethiopia | 0.3064 | 2023 | up 69.8% | rising |
| 141 | Panama | 0.3026 | 2023 | down 1.5% | falling |
| 142 | Togo | 0.2971 | 2023 | up 16.5% | rising |
| 143 | Sao Tome and Principe | 0.2932 | 2023 | up 98.8% | volatile |
| 144 | Myanmar | 0.2917 | 2023 | up 21.0% | falling |
| 145 | Nepal | 0.2905 | 2023 | up 8.9% | flat |
| 146 | Ukraine | 0.2903 | 2023 | down 54.7% | flat |
| 147 | Somalia | 0.2846 | 2023 | down 31.8% | rising |
| 148 | Barbados | 0.2842 | 2023 | down 21.2% | falling |
| 149 | North Macedonia | 0.2817 | 2023 | up 10.5% | rising |
| 150 | Gambia | 0.2797 | 2023 | up 2.1% | rising |
| 151 | Antigua and Barbuda | 0.2756 | 2023 | up 25.2% | rising |
| 152 | Tuvalu | 0.2663 | 2023 | down 80.9% | volatile |
| 153 | Djibouti | 0.2658 | 2023 | up 3.1% | rising |
| 154 | Uzbekistan | 0.2629 | 2023 | down 1.4% | falling |
| 155 | Burundi | 0.26 | 2023 | up 4.8% | rising |
| 156 | Kiribati | 0.2489 | 2023 | down 11.8% | falling |
| 157 | Seychelles | 0.2463 | 2023 | up 24.3% | rising |
| 158 | Suriname | 0.2401 | 2023 | down 5.9% | falling |
| 159 | Madagascar | 0.2328 | 2023 | up 0.1% | falling |
| 160 | Naoero | 0.2209 | 2023 | up 16.0% | rising |
| 161 | Ecuador | 0.2193 | 2023 | up 44.7% | volatile |
| 162 | Oman | 0.2163 | 2023 | up 253.9% | volatile |
| 163 | Benin | 0.2127 | 2023 | down 34.2% | flat |
| 164 | Maldives | 0.2076 | 2023 | up 27.8% | rising |
| 165 | Mozambique | 0.2001 | 2023 | up 124.8% | rising |
| 166 | Saint Lucia | 0.1998 | 2023 | down 30.3% | rising |
| 167 | Saint Vincent and the Grenadines | 0.1881 | 2023 | down 16.1% | rising |
| 168 | Sierra Leone | 0.1871 | 2023 | down 52.3% | falling |
| 169 | Dominica | 0.1845 | 2023 | down 52.8% | rising |
| 170 | Belize | 0.1718 | 2023 | down 57.9% | falling |
| 171 | Chad | 0.1716 | 2023 | down 32.2% | rising |
| 172 | Marshall Islands | 0.1626 | 2023 | down 70.6% | falling |
| 173 | French Polynesia | 0.1601 | 2023 | up 7.8% | rising |
| 174 | Central African Republic | 0.1532 | 2023 | down 69.2% | falling |
| 175 | Dominican Republic | 0.1532 | 2023 | down 13.2% | falling |
| 176 | Kyrgyzstan | 0.151 | 2023 | down 13.3% | volatile |
| 177 | Jamaica | 0.1366 | 2023 | down 23.1% | flat |
| 178 | Palau | 0.1254 | 2023 | down 24.0% | falling |
| 179 | Lebanon | 0.0953 | 2023 | down 80.3% | rising |
| 180 | Niger | 0.0836 | 2023 | down 0.8% | volatile |
| 181 | New Caledonia | 0.0756 | 2023 | down 80.3% | falling |
| 182 | Anguilla | 0.044 | 2023 | down 68.1% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Northern Europe 2.67
- Syrian Arab Republic 1.07
- Western Europe 1.91
- Bolivia (Plurinational State of) 0.7769
- European Union (27) 1.8
- United States of America 1.76
- Melanesia 0.6109
- Europe 1.67
- Lao People's Democratic Republic 0.6077
- Northern America 1.67
- Southern Africa 1.58
- Iran (Islamic Republic of) 0.4953
- Southern Europe 1.5
- Asia 0.4471
- Eastern Europe 1.14
- Middle Africa 0.4032
- Oceania 1.13
- Americas 1.08
- Small island developing states (SIDS) 0.3484
- Least Developed Countries (LDCs) 0.3353
- World 0.6652
- Micronesia (Federated States of) 0.3169
- South America 0.6292
- Polynesia 0.2649
- South-Eastern Asia 0.5923
- Micronesia 0.2284
- Western Asia 0.5825
- Central America 0.5774
- United Republic of Tanzania 0.2166
- Western Africa 0.5073
- Southern Asia 0.4931
- Côte d'Ivoire 0.4693
- Net Food Importing Developing Countries (NFIDCs) 0.4608
- Africa 0.4534
- Northern Africa 0.4483
- Eastern Asia 0.4151
- Land Locked Developing Countries (LLDCs) 0.3416
- Central Asia 0.3357
- Caribbean 0.3281
- Eastern Africa 0.3233
About this data
As part of the FAO Agriculture Capital Stock (ACS) database, the Statistics Division of FAO publishes country-by-country data on physical investment in agriculture, forestry and fishing as measured by the System of National Accounts (SNA) concept of Gross Fixed Capital Formation (GFCF). Additional variables included in the ACS are Net and Gross Capital Stock, Consumption of Fixed Capital, the Agriculture Investment ratio, and the Gross Fixed Capital Formation Agriculture Orientation Index. The FAO Agriculture Capital Stock Database is an analytical database: whenever available, the database integrates official National Accounts data harvested from the UNSD National Accounts Main Aggregates Database (UNSD AMA) and the OECD Annual National Accounts Database (OECD ANA). The database is further supplemented by OECD Structural Analysis database (OECD STAN) and, in a few cases, data from country’s statistics websites. If the full set of official data is not available for any specific country, imputation methods are applied to obtain estimates over the complete time series. Many data points in ACS are estimated and are flagged as such; they do not represent official submissions by Member Countries. With a view of producing internationally comparable net capital stock estimates, the Perpetual Inventory Method (PIM) with a constant geometric depreciation rate is employed to impute missing data. The Perpetual Inventory Method is a well-established economic model to calculate Net Capital Stocks (NCS) and Consumption of Fixed Capital (CFC) from time series of Gross Fixed Capital Formation (GFCF). Specifically, annual measures of the NCS are obtained from cumulating historical series on physical investment flows and deducting the part of assets that are depreciated (the Consumption of Fixed Capital that occurs in every period). In order to implement the PIM, long time series on aggregate GFCF in agriculture, forestry and fishing is required.An attempt is made to rely as much as possible on National Accounts data published by the OECD and UNSD. When country data are partially or fully missing, econometric techniques to impute missing observations are employed. Depending on the pattern of data missingness for the countries, different imputation methods are applied (from among the ARIMAX, PANEL regression, and OLS approaches) for the data series from 1995 to 2022. The values of Agriculture Capital Stock related indicators for 2023, including Agriculture Investment Ratio, Agriculture Orientation Index, Net Capital Stock, Gross Fixed Capital Formation and Consumption of Fixed Capital, are estimated using the Holt-Winters (HW) method (Cipra et al., 1995). The HW method is an exponential smoothing method for forecasting the annual values of economic variables. In this context, the HW method relies on existing (historical) values of the Agriculture Capital Stock. The predicted value is an extrapolation of the historical values to the specified target date, which extends the timeline without considering seasonality in the annual series.All data series in the database are provided both in national currencies and in US dollars as well as in current prices and constant prices with base year 2015.