Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in European Union (27)
European Union (27): Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) was 34.75 % in 2023. ▲ Rising
Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in European Union (27), 1995–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2023, gross fixed capital formation (agriculture, forestry and fishing) in European Union (27) stood at 34.75 %.
The figure is up 10.4% on the previous year and up 9.2% over ten years.
Over the whole period, gross fixed capital formation (agriculture, forestry and fishing) in European Union (27) peaked at 36.46 % in 2008 and was at its lowest, 21.94 %, in 1995.
European Union (27) ranks 4th of 29 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in European Union (27), year by year
| Year | % | Change |
|---|---|---|
| 1995 | 21.94 % | — |
| 1996 | 22.94 % | +4.6% |
| 1997 | 23.28 % | +1.5% |
| 1998 | 24.1 % | +3.5% |
| 1999 | 26.12 % | +8.3% |
| 2000 | 26.29 % | +0.7% |
| 2001 | 25.08 % | -4.6% |
| 2002 | 26.14 % | +4.3% |
| 2003 | 26.23 % | +0.3% |
| 2004 | 25.98 % | -1.0% |
| 2005 | 30.64 % | +18.0% |
| 2006 | 32.7 % | +6.7% |
| 2007 | 32.9 % | +0.6% |
| 2008 | 36.46 % | +10.8% |
| 2009 | 35.81 % | -1.8% |
| 2010 | 31.94 % | -10.8% |
| 2011 | 33.13 % | +3.7% |
| 2012 | 33.1 % | -0.1% |
| 2013 | 31.84 % | -3.8% |
| 2014 | 30.85 % | -3.1% |
| 2015 | 31.28 % | +1.4% |
| 2016 | 30.98 % | -1.0% |
| 2017 | 30.02 % | -3.1% |
| 2018 | 32.14 % | +7.1% |
| 2019 | 32.13 % | -0.1% |
| 2020 | 32.27 % | +0.5% |
| 2021 | 32.2 % | -0.2% |
| 2022 | 31.47 % | -2.3% |
| 2023 | 34.75 % | +10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.68 % | 21.94 % | 26.12 % | 5 |
| 2000s | 29.82 % | 25.08 % | 36.46 % | 10 |
| 2010s | 31.74 % | 30.02 % | 33.13 % | 10 |
| 2020s | 32.67 % | 31.47 % | 34.75 % | 4 |
Countries ranked near European Union (27)
- 1 Luxembourg 142.05 % compare
- 1 Türkiye 17.23 % compare
- 2 Estonia 110.94 % compare
- 2 Viet Nam 17.18 % compare
- 3 Denmark 87.51 % compare
- 4 Bolivia (Plurinational State of) 12.04 % compare
- 4 Latvia 77.84 % compare
- 5 Lao People's Democratic Republic 11.19 % compare
- 5 Lithuania 60.82 % compare
- 6 Iran (Islamic Republic of) 9.57 % compare
- 6 United Kingdom of Great Britain and Northern Ireland 57.67 % compare
- 7 Austria 53.74 % compare
- 7 Micronesia (Federated States of) 8.54 % compare
More environment data for European Union (27)
- Standard Deviation, annual growth rate 0 % change on previous year (2025)
- Standard Deviation 0.429 °C (2025)
- Temperature change 2.31 °C (2025)
- Nutrient potash K2O (total) — Use per capita 5.35 kg/cap (2024)
- Nutrient phosphate P2O5 (total) — Use per capita 4.18 kg/cap (2024)
- Nutrient phosphate P2O5 (total) — Use per value of agricultural 5.46 g/Int$ (2024)
- Nutrient potash K2O (total) — Import quantity 3.99 million t (2024)
- Nutrient potash K2O (total) — Agricultural Use 2.41 million t (2024)
- Nutrient potash K2O (total) — Use per value of agricultural production 6.99 g/Int$ (2024)
- Land area — Area 398,812 1000 ha (2024)
Frequently asked questions
- What is gross fixed capital formation (agriculture, forestry and fishing) in European Union (27)?
- Gross fixed capital formation (agriculture, forestry and fishing) in European Union (27) was 34.75 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation (agriculture, forestry and fishing) recorded in European Union (27)?
- The highest recorded value was 36.46 % in 2008.
- What is the lowest gross fixed capital formation (agriculture, forestry and fishing) recorded in European Union (27)?
- The lowest recorded value was 21.94 % in 1995.
- How does European Union (27) rank for gross fixed capital formation (agriculture, forestry and fishing)?
- European Union (27) ranks 4th out of 29 groups with data for 2023.
- Is gross fixed capital formation (agriculture, forestry and fishing) rising or falling in European Union (27)?
- Over the last ten years it is up 9.2%. The long-run trend across the full record is rising.
- Where does this European Union (27) data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) — Share of Value Added US$. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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.