Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) — Share of Value Added Standard Local Currency 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) — Share of Value Added Standard Local Currency is currently reported for 186 countries. The highest value is 142.05 % in Luxembourg; the lowest is 0.6968 % in Anguilla.
The median across all reporting countries is 11.3 %, and the mean is 17.08 %.
The gap between the highest and lowest reporting country is a factor of about 204.
Over the past decade 118 countries rose and 68 fell. The largest increase was in Cyprus (up 495.5%), and the largest decrease in Mauritius (down 80.6%).
Gross Fixed Capital Formation (Agriculture, Forestry and Fishing): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Luxembourg | 142.05 % | 2023 | down 22.6% | rising |
| 1 | Türkiye | 17.23 % | 2023 | down 4.7% | rising |
| 2 | Estonia | 110.94 % | 2023 | up 117.9% | rising |
| 2 | Viet Nam | 17.18 % | 2023 | up 48.5% | rising |
| 2 | Cabo Verde | 13.27 % | 2023 | down 0.8% | rising |
| 3 | Denmark | 87.51 % | 2023 | up 105.0% | rising |
| 4 | Latvia | 77.84 % | 2023 | up 47.6% | volatile |
| 5 | Lithuania | 60.82 % | 2023 | up 10.6% | rising |
| 6 | United Kingdom of Great Britain and Northern Ireland | 57.67 % | 2023 | up 40.2% | rising |
| 7 | Austria | 53.74 % | 2023 | down 7.6% | rising |
| 8 | Belarus | 52.92 % | 2023 | down 25.2% | volatile |
| 8 | Timor-Leste | 7.44 % | 2023 | down 41.3% | falling |
| 9 | Slovenia | 52.17 % | 2023 | up 58.7% | rising |
| 9 | Democratic Republic of the Congo | 5.84 % | 2023 | up 8.2% | rising |
| 10 | Hungary | 49.45 % | 2023 | up 113.5% | rising |
| 11 | Ireland | 48.82 % | 2023 | up 19.5% | rising |
| 12 | Singapore | 48.53 % | 2023 | down 0.5% | rising |
| 13 | Bulgaria | 48.4 % | 2023 | up 72.5% | volatile |
| 14 | Sweden | 48.2 % | 2023 | up 28.0% | rising |
| 15 | Belgium | 47.4 % | 2023 | up 11.1% | rising |
| 16 | Czechia | 41.8 % | 2023 | up 10.5% | rising |
| 17 | Greece | 39.83 % | 2023 | up 45.7% | rising |
| 18 | Switzerland | 38.93 % | 2023 | down 4.9% | rising |
| 19 | Germany | 38.43 % | 2023 | up 5.2% | rising |
| 20 | Romania | 38.08 % | 2023 | up 14.4% | volatile |
| 21 | Slovakia | 37.28 % | 2023 | up 17.8% | falling |
| 22 | Italy | 36.39 % | 2023 | up 74.4% | rising |
| 23 | Australia | 35.65 % | 2023 | up 8.1% | falling |
| 24 | France | 34.16 % | 2023 | down 18.4% | rising |
| 25 | Croatia | 30.64 % | 2023 | up 97.4% | rising |
| 26 | Netherlands (Kingdom of the) | 29.82 % | 2023 | down 27.3% | rising |
| 27 | Norway | 28.38 % | 2023 | down 7.0% | falling |
| 28 | South Africa | 27.32 % | 2023 | down 16.2% | rising |
| 29 | New Zealand | 25.78 % | 2023 | up 55.4% | rising |
| 30 | Curaçao | 25.22 % | 2022 | up 32.6% | volatile |
| 31 | Poland | 24.64 % | 2023 | down 11.9% | flat |
| 32 | Japan | 23.26 % | 2023 | down 23.8% | falling |
| 33 | Uruguay | 22.65 % | 2023 | up 17.7% | rising |
| 34 | Portugal | 22.39 % | 2023 | down 12.5% | rising |
| 35 | Russian Federation | 21.99 % | 2023 | up 3.5% | rising |
| 36 | Canada | 21.64 % | 2023 | up 23.1% | flat |
| 37 | Serbia | 21.54 % | 2023 | up 46.1% | rising |
| 38 | Israel | 21.22 % | 2023 | up 15.1% | falling |
| 39 | Finland | 21.14 % | 2023 | down 40.4% | falling |
| 40 | Kuwait | 20.94 % | 2023 | up 83.2% | falling |
| 41 | British Virgin Islands | 20.61 % | 2023 | up 26.3% | rising |
| 42 | Honduras | 19.96 % | 2023 | up 19.1% | rising |
| 43 | Nigeria | 19.38 % | 2023 | up 6.7% | rising |
| 44 | Republic of Korea | 19.22 % | 2023 | up 18.1% | falling |
| 45 | Palestine | 19.2 % | 2023 | up 31.3% | rising |
| 46 | Grenada | 19.05 % | 2023 | up 166.8% | volatile |
| 47 | Spain | 18.76 % | 2023 | up 32.7% | rising |
| 48 | Morocco | 18.56 % | 2023 | down 6.0% | rising |
| 49 | Thailand | 18.5 % | 2023 | up 7.4% | flat |
| 50 | Cyprus | 17.83 % | 2023 | up 495.5% | falling |
| 51 | Turkmenistan | 17.57 % | 2023 | up 17.6% | rising |
| 52 | Jordan | 16.91 % | 2023 | up 140.2% | volatile |
| 53 | Sri Lanka | 16.56 % | 2023 | up 24.1% | rising |
| 54 | El Salvador | 16.51 % | 2023 | up 9.0% | rising |
| 55 | Brunei Darussalam | 16.49 % | 2023 | down 9.8% | falling |
| 56 | Iceland | 16.34 % | 2023 | up 67.8% | rising |
| 57 | Zambia | 15.79 % | 2023 | up 24.1% | rising |
| 58 | China, mainland | 15.7 % | 2023 | up 6.5% | rising |
| 59 | Malta | 15.65 % | 2023 | down 7.9% | rising |
| 60 | Namibia | 15.58 % | 2023 | down 18.5% | falling |
| 61 | Philippines | 15.57 % | 2023 | up 37.7% | rising |
| 62 | Bosnia and Herzegovina | 15.4 % | 2023 | up 8.6% | rising |
| 63 | Armenia | 15.22 % | 2023 | up 160.2% | rising |
| 64 | Bhutan | 15.2 % | 2023 | up 44.4% | rising |
| 65 | Bahrain | 14.94 % | 2023 | up 17.7% | flat |
| 66 | Albania | 14.88 % | 2023 | up 7.1% | falling |
| 67 | Indonesia | 14.79 % | 2023 | down 0.9% | rising |
| 68 | Eswatini | 14.68 % | 2023 | up 7.4% | flat |
| 69 | India | 14.57 % | 2023 | down 12.5% | rising |
| 70 | Vanuatu | 14.47 % | 2023 | up 28.4% | rising |
| 71 | Zimbabwe | 14.46 % | 2023 | up 4.9% | rising |
| 72 | Peru | 14 % | 2023 | up 46.3% | rising |
| 73 | Costa Rica | 13.79 % | 2023 | down 4.6% | rising |
| 74 | Mongolia | 13.51 % | 2023 | down 12.3% | rising |
| 75 | Chile | 13.01 % | 2023 | down 21.0% | flat |
| 76 | Nicaragua | 12.92 % | 2023 | up 16.2% | rising |
| 77 | Guinea | 12.52 % | 2023 | up 2.9% | falling |
| 78 | Tonga | 12.48 % | 2023 | up 7.3% | rising |
| 79 | United Arab Emirates | 12.35 % | 2023 | up 28.2% | rising |
| 80 | Bangladesh | 12.3 % | 2023 | up 51.3% | rising |
| 81 | Puerto Rico | 12.28 % | 2023 | up 12.5% | falling |
| 82 | Tajikistan | 12.25 % | 2023 | up 59.7% | rising |
| 83 | Senegal | 12.19 % | 2023 | up 38.9% | rising |
| 84 | Argentina | 12.18 % | 2023 | down 23.0% | flat |
| 85 | Libya | 12.14 % | 2023 | up 69.8% | flat |
| 86 | Bahamas | 11.68 % | 2023 | down 15.0% | rising |
| 87 | Saudi Arabia | 11.53 % | 2023 | up 6.6% | rising |
| 88 | Panama | 11.51 % | 2023 | down 6.9% | rising |
| 89 | Guatemala | 11.36 % | 2023 | down 4.7% | falling |
| 90 | Pakistan | 11.33 % | 2023 | down 14.0% | falling |
| 91 | Uganda | 11.28 % | 2023 | up 27.8% | rising |
| 92 | Mexico | 11.22 % | 2023 | up 17.8% | falling |
| 93 | Andorra | 11.16 % | 2023 | up 16.3% | falling |
| 94 | Kazakhstan | 11.14 % | 2023 | up 27.7% | rising |
| 95 | Turks and Caicos Islands | 11.05 % | 2023 | up 3.8% | rising |
| 96 | Montenegro | 11.01 % | 2023 | up 3.9% | rising |
| 97 | Mauritania | 10.82 % | 2023 | up 27.2% | rising |
| 98 | Liberia | 10.81 % | 2023 | up 94.1% | rising |
| 99 | Botswana | 10.58 % | 2023 | up 18.4% | rising |
| 100 | Paraguay | 10.41 % | 2023 | up 17.8% | rising |
| 101 | Myanmar | 10.17 % | 2023 | up 35.9% | rising |
| 102 | Uzbekistan | 9.75 % | 2023 | up 56.9% | flat |
| 103 | Congo | 9.66 % | 2023 | down 25.0% | falling |
| 104 | Burkina Faso | 9.65 % | 2023 | up 42.9% | rising |
| 105 | Tunisia | 9.53 % | 2023 | down 45.0% | falling |
| 106 | Cameroon | 9.45 % | 2023 | down 1.4% | flat |
| 107 | Sudan | 9.45 % | 2022 | down 3.2% | flat |
| 108 | Equatorial Guinea | 9.29 % | 2023 | down 29.8% | rising |
| 109 | Georgia | 9.29 % | 2023 | up 23.4% | rising |
| 110 | Malaysia | 9.24 % | 2023 | down 2.3% | rising |
| 111 | Azerbaijan | 9.03 % | 2023 | down 41.6% | volatile |
| 112 | Colombia | 9 % | 2023 | up 52.5% | flat |
| 113 | Ukraine | 8.97 % | 2023 | down 29.9% | rising |
| 114 | Yemen | 8.94 % | 2023 | up 5.3% | falling |
| 115 | Algeria | 8.92 % | 2023 | down 11.8% | falling |
| 116 | Saint Kitts and Nevis | 8.86 % | 2023 | down 0.7% | falling |
| 117 | Cambodia | 8.83 % | 2023 | up 41.1% | rising |
| 118 | Benin | 8.82 % | 2023 | up 26.3% | rising |
| 119 | Cayman Islands | 8.67 % | 2023 | up 6.7% | rising |
| 120 | Antigua and Barbuda | 8.67 % | 2023 | up 64.2% | rising |
| 121 | Papua New Guinea | 8.53 % | 2023 | down 11.4% | falling |
| 122 | Solomon Islands | 8.5 % | 2023 | down 3.9% | rising |
| 123 | Haiti | 8.47 % | 2023 | up 3.0% | rising |
| 124 | Angola | 8.45 % | 2023 | down 12.7% | falling |
| 125 | Ghana | 8.32 % | 2023 | down 11.7% | rising |
| 126 | Nepal | 8.27 % | 2023 | up 29.9% | rising |
| 127 | Suriname | 8.09 % | 2023 | down 23.2% | rising |
| 128 | Djibouti | 8.06 % | 2023 | up 10.8% | rising |
| 129 | Comoros | 8.06 % | 2023 | up 14.9% | rising |
| 130 | Lesotho | 7.97 % | 2023 | down 8.0% | rising |
| 131 | Mauritius | 7.8 % | 2023 | down 80.6% | rising |
| 132 | Brazil | 7.37 % | 2023 | up 15.8% | falling |
| 133 | North Macedonia | 7.23 % | 2023 | up 20.0% | rising |
| 134 | Tuvalu | 7.17 % | 2023 | up 53.7% | rising |
| 135 | Rwanda | 7.1 % | 2023 | up 25.6% | rising |
| 136 | Afghanistan | 7.1 % | 2023 | up 22.3% | rising |
| 137 | Gambia | 7 % | 2023 | up 82.1% | rising |
| 138 | Iraq | 6.92 % | 2023 | up 13.7% | volatile |
| 139 | Mali | 6.92 % | 2023 | up 26.3% | rising |
| 140 | Saint Lucia | 6.89 % | 2023 | up 16.3% | rising |
| 141 | Gabon | 6.89 % | 2023 | down 35.0% | flat |
| 142 | Togo | 6.72 % | 2023 | up 37.4% | rising |
| 143 | Saint Vincent and the Grenadines | 6.68 % | 2023 | up 17.0% | rising |
| 144 | Maldives | 6.61 % | 2023 | up 50.6% | rising |
| 145 | Dominica | 6.42 % | 2023 | up 11.9% | falling |
| 146 | Eritrea | 6.38 % | 2023 | up 27.2% | rising |
| 147 | Somalia | 6.37 % | 2023 | up 18.0% | rising |
| 148 | Malawi | 6.08 % | 2023 | up 35.0% | rising |
| 149 | Oman | 5.99 % | 2023 | up 178.0% | volatile |
| 150 | Kyrgyzstan | 5.91 % | 2023 | up 15.3% | rising |
| 151 | Kenya | 5.85 % | 2023 | up 34.0% | falling |
| 152 | Mozambique | 5.84 % | 2023 | up 10.6% | rising |
| 153 | Guyana | 5.78 % | 2023 | down 2.1% | rising |
| 154 | Egypt | 5.57 % | 2023 | up 39.0% | volatile |
| 155 | Palau | 5.46 % | 2023 | up 52.9% | falling |
| 156 | Ethiopia | 5.44 % | 2023 | down 4.9% | rising |
| 157 | Naoero | 5.38 % | 2023 | down 5.4% | volatile |
| 158 | Trinidad and Tobago | 5.24 % | 2023 | up 235.5% | rising |
| 159 | Kiribati | 5.2 % | 2023 | down 39.8% | rising |
| 160 | New Caledonia | 4.9 % | 2023 | down 65.7% | falling |
| 161 | Madagascar | 4.87 % | 2023 | up 2.4% | rising |
| 162 | Marshall Islands | 4.86 % | 2023 | down 54.2% | falling |
| 163 | Ecuador | 4.83 % | 2023 | up 14.4% | rising |
| 164 | Sao Tome and Principe | 4.82 % | 2023 | up 12.4% | rising |
| 165 | Fiji | 4.72 % | 2023 | down 2.7% | flat |
| 166 | Cuba | 4.54 % | 2023 | down 41.4% | rising |
| 167 | Chad | 4.51 % | 2023 | down 17.8% | rising |
| 168 | Belize | 4.41 % | 2023 | down 27.9% | falling |
| 169 | Barbados | 4.27 % | 2023 | down 23.8% | falling |
| 170 | Dominican Republic | 4.26 % | 2023 | down 4.1% | falling |
| 171 | Central African Republic | 4.23 % | 2023 | up 30.0% | flat |
| 172 | Sierra Leone | 4.2 % | 2023 | down 24.0% | rising |
| 173 | Seychelles | 3.96 % | 2023 | down 26.0% | rising |
| 174 | French Polynesia | 3.76 % | 2023 | up 18.4% | rising |
| 175 | Burundi | 3.56 % | 2023 | up 6.9% | rising |
| 176 | Guinea-Bissau | 3.29 % | 2023 | down 14.1% | rising |
| 177 | Bermuda | 3.27 % | 2023 | down 11.8% | rising |
| 178 | Lebanon | 2.85 % | 2023 | down 75.1% | falling |
| 179 | Jamaica | 2.67 % | 2023 | down 33.8% | falling |
| 180 | Niger | 1.94 % | 2023 | down 21.5% | falling |
| 181 | Anguilla | 0.6968 % | 2023 | down 73.2% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- United States of America 35.38 %
- Côte d'Ivoire 13.04 %
- Bolivia (Plurinational State of) 12.04 %
- Lao People's Democratic Republic 11.19 %
- Iran (Islamic Republic of) 9.57 %
- Micronesia (Federated States of) 8.54 %
- United Republic of Tanzania 8.01 %
- Syrian Arab Republic 3.78 %
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.