Gross capital formation in OECD members
OECD members: Gross capital formation was 0.8% in 2024. ◆ Volatile
Gross capital formation in OECD members, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
OECD members recorded 0.8% for gross capital formation in 2024.
That represents a change of up 407.5% on the previous year and down 82.3% over ten years.
Over the whole period, gross capital formation in OECD members peaked at 10.5% in 1984 and was at its lowest, -15.5%, in 2009.
OECD members ranks 38th of 38 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in OECD members, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 1.8% | — |
| 1972 | 5.5% | +211.5% |
| 1973 | 9.8% | +79.2% |
| 1974 | -1.6% | -116.7% |
| 1975 | -10.0% | +509.5% |
| 1976 | 8.5% | -184.9% |
| 1977 | 3.4% | -59.9% |
| 1978 | 5.3% | +56.5% |
| 1979 | 6.5% | +22.4% |
| 1980 | -1.8% | -128.4% |
| 1981 | -0.8% | -58.5% |
| 1982 | -5.0% | +545.0% |
| 1983 | 1.8% | -136.4% |
| 1984 | 10.5% | +485.0% |
| 1985 | 4.2% | -60.4% |
| 1986 | 3.6% | -14.6% |
| 1987 | 4.7% | +33.2% |
| 1988 | 8.2% | +72.8% |
| 1989 | 6.4% | -21.6% |
| 1990 | 3.3% | -49.4% |
| 1991 | -0.9% | -126.4% |
| 1992 | 0.5% | -162.8% |
| 1993 | -1.3% | -339.1% |
| 1994 | 6.2% | -580.7% |
| 1995 | 3.1% | -49.7% |
| 1996 | 4.5% | +46.3% |
| 1997 | 5.2% | +15.1% |
| 1998 | 3.6% | -30.6% |
| 1999 | 4.3% | +18.8% |
| 2000 | 5.4% | +25.1% |
| 2001 | -1.6% | -129.3% |
| 2002 | -1.1% | -27.5% |
| 2003 | 2.5% | -316.5% |
| 2004 | 4.9% | +99.2% |
| 2005 | 4.3% | -13.7% |
| 2006 | 4.6% | +7.9% |
| 2007 | 2.3% | -50.2% |
| 2008 | -2.9% | -225.1% |
| 2009 | -15.5% | +440.7% |
| 2010 | 7.5% | -148.2% |
| 2011 | 4.5% | -39.2% |
| 2012 | 1.3% | -71.7% |
| 2013 | 2.4% | +83.4% |
| 2014 | 4.6% | +97.5% |
| 2015 | 4.3% | -7.9% |
| 2016 | 1.3% | -70.1% |
| 2017 | 4.4% | +242.2% |
| 2018 | 3.9% | -11.3% |
| 2019 | 2.7% | -29.8% |
| 2020 | -5.0% | -282.4% |
| 2021 | 7.2% | -244.4% |
| 2022 | 3.9% | -45.2% |
| 2023 | -0.3% | -106.8% |
| 2024 | 0.8% | -407.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.2% | -10.0% | 9.8% | 9 |
| 1980s | 3.2% | -5.0% | 10.5% | 10 |
| 1990s | 2.9% | -1.3% | 6.2% | 10 |
| 2000s | 0.3% | -15.5% | 5.4% | 10 |
| 2010s | 3.7% | 1.3% | 7.5% | 10 |
| 2020s | 1.3% | -5.0% | 7.2% | 5 |
Countries ranked near OECD members
More economy & growth data for OECD members
- Industry (including construction), value added 11.64 trillion constant 2015 US$ (2024)
- Trade 56.9% (2024)
- Agriculture, forestry, and fishing, value added 731.26 billion constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added 0.7% (2024)
- Manufacturing, value added 7.62 trillion current US$ (2022)
- Trade in services 14.9% (2025)
- Manufacturing, value added 12.4% (2022)
- Industry (including construction), value added 12.98 trillion current US$ (2022)
- Inflation, GDP deflator 3.1% (2025)
- Services, value added 69.8% (2021)
Frequently asked questions
- What is gross capital formation in OECD members?
- Gross capital formation in OECD members was 0.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in OECD members?
- The highest recorded value was 10.5% in 1984.
- What is the lowest gross capital formation recorded in OECD members?
- The lowest recorded value was -15.5% in 2009.
- How does OECD members rank for gross capital formation?
- OECD members ranks 38th out of 38 groups with data for 2024.
- Is gross capital formation rising or falling in OECD members?
- Over the last ten years it is down 82.3%. The long-run trend across the full record is volatile.
- Where does this OECD members data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.