Annual capital formation by economic activity — Gross fixed capital formation by country
This table presents gross capital formation, gross fixed capital formation (GFCF, or investment), changes in inventories and acquisition less disposals of valuables broken down by detailed industries based on detailed breakdowns of Revision 4 of the International Standard Industrial Classification of All Economic...
What the numbers show
Annual capital formation by economic activity — Gross fixed capital formation is currently reported for 33 countries. The highest value is 173.25 Index in Hungary; the lowest is 110.19 Index in Sweden.
The median across all reporting countries is 133.37 Index, and the mean is 131.55 Index.
The gap between the highest and lowest reporting country is a factor of about 2.
Annual capital formation by economic activity — Gross fixed capital: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Hungary | 173.25 Index | 2024 | up 152.7% | volatile |
| 1 | Estonia | 142.01 Index | 2024 | up 48.2% | rising |
| 1 | Croatia | 135.3 Index | 2024 | up 50.8% | rising |
| 2 | Romania | 154.76 Index | 2024 | up 89.2% | volatile |
| 2 | Lithuania | 141.93 Index | 2024 | up 65.4% | rising |
| 3 | Bulgaria | 152.74 Index | 2023 | up 71.3% | rising |
| 3 | Latvia | 140.76 Index | 2024 | up 74.8% | volatile |
| 4 | Iceland | 139.94 Index | 2025 | up 75.9% | rising |
| 4 | Slovenia | 135.71 Index | 2024 | up 54.4% | rising |
| 5 | Czechia | 139.38 Index | 2025 | up 58.2% | rising |
| 5 | Poland | 131.89 Index | 2024 | up 44.7% | rising |
| 6 | Germany | 139.37 Index | 2024 | up 65.3% | rising |
| 6 | Netherlands | 124 Index | 2024 | up 40.7% | rising |
| 7 | New Zealand | 136.66 Index | 2024 | up 81.0% | rising |
| 8 | Mexico | 136.23 Index | 2024 | up 94.6% | volatile |
| 9 | Australia | 136.15 Index | 2024 | up 56.1% | volatile |
| 10 | Luxembourg | 136.08 Index | 2024 | up 52.8% | rising |
| 11 | Canada | 134.31 Index | 2024 | up 63.3% | volatile |
| 12 | Portugal | 133.37 Index | 2024 | up 81.2% | rising |
| 13 | United States of America | 130.48 Index | 2023 | up 59.1% | rising |
| 14 | Austria | 128.08 Index | 2024 | up 47.6% | rising |
| 15 | United Kingdom of Great Britain and Northern Ireland | 125.37 Index | 2025 | up 39.3% | rising |
| 16 | Denmark | 125.11 Index | 2025 | up 41.5% | volatile |
| 17 | Spain | 123.73 Index | 2024 | up 39.4% | rising |
| 18 | Israel | 121.02 Index | 2024 | up 29.3% | rising |
| 19 | Japan | 118.5 Index | 2024 | up 26.1% | rising |
| 20 | Belgium | 117.57 Index | 2024 | up 33.7% | rising |
| 21 | Greece | 116.88 Index | 2024 | up 10.2% | rising |
| 22 | France | 115.96 Index | 2024 | up 26.5% | rising |
| 23 | Italy | 115.4 Index | 2025 | up 20.5% | rising |
| 24 | Switzerland | 115.06 Index | 2024 | up 14.2% | rising |
| 25 | Finland | 113.85 Index | 2025 | up 33.8% | rising |
| 26 | Sweden | 110.19 Index | 2023 | up 38.1% | rising |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Slovak Republic 129.38 Index
- Korea 122.58 Index
About this data
This table presents gross capital formation, gross fixed capital formation (GFCF, or investment), changes in inventories and acquisition less disposals of valuables broken down by detailed industries based on detailed breakdowns of Revision 4 of the International Standard Industrial Classification of All Economic Activities (ISIC). GFCF is also available broken down by type of non-financial asset, which can be selected using the ‘Financial instruments and non-financial assets’ filter. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data is presented in current prices (default view), but it is also possible to select chain linked volume and other price measures using the ‘Price base’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE8A dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage OECD statistics contact: STAT.Contact@oecd.org