Gross capital formation (constant 2015 US$) by country
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is...
Countries reporting
158
Highest
7.36 trillion constant 2015 US$
China
Lowest
-82.41 million constant 2015 US$
Djibouti
Median
11.56 billion constant 2015 US$
Years covered
66
1960–2025
Data points
8,378
What the numbers show
Gross capital formation (constant 2015 US$) is currently reported for 158 countries. The highest value is 7.36 trillion constant 2015 US$ in China; the lowest is -82.41 million constant 2015 US$ in Djibouti.
The median across all reporting countries is 11.56 billion constant 2015 US$, and the mean is 155.15 billion constant 2015 US$.
The gap between the highest and lowest reporting country is a factor of about 89,309.
Over the past decade 127 countries rose and 31 fell. The largest increase was in Somalia (up 247.4%), and the largest decrease in Lebanon (down 99.2%).
Gross capital formation: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | China | 7.36 trillion constant 2015 US$ | 2025 | up 52.7% | volatile |
| 2 | United States | 5.12 trillion constant 2015 US$ | 2024 | up 38.2% | rising |
| 3 | Japan | 1.24 trillion constant 2015 US$ | 2024 | up 7.1% | rising |
| 4 | India | 1.21 trillion constant 2015 US$ | 2025 | up 78.6% | volatile |
| 5 | Germany | 771.95 billion constant 2015 US$ | 2025 | up 15.6% | rising |
| 6 | United Kingdom | 664.58 billion constant 2015 US$ | 2025 | up 22.1% | rising |
| 7 | France | 589.63 billion constant 2015 US$ | 2025 | up 11.2% | rising |
| 8 | South Korea | 527.10 billion constant 2015 US$ | 2025 | up 16.8% | volatile |
| 9 | Italy | 459.25 billion constant 2015 US$ | 2025 | up 44.0% | rising |
| 10 | Russia | 432.17 billion constant 2015 US$ | 2025 | up 43.1% | rising |
| 11 | Indonesia | 428.53 billion constant 2015 US$ | 2025 | up 46.1% | volatile |
| 12 | Canada | 406.46 billion constant 2015 US$ | 2025 | up 9.6% | rising |
| 13 | Brazil | 344.80 billion constant 2015 US$ | 2025 | up 9.9% | rising |
| 14 | Spain | 309.59 billion constant 2015 US$ | 2025 | up 32.5% | rising |
| 15 | Mexico | 296.44 billion constant 2015 US$ | 2025 | up 2.9% | rising |
| 16 | Saudi Arabia | 286.19 billion constant 2015 US$ | 2025 | up 27.3% | rising |
| 17 | Switzerland | 234.70 billion constant 2015 US$ | 2025 | up 28.1% | rising |
| 18 | Netherlands | 187.92 billion constant 2015 US$ | 2025 | up 9.3% | rising |
| 19 | Iran | 184.32 billion constant 2015 US$ | 2025 | up 40.8% | rising |
| 20 | Vietnam | 148.92 billion constant 2015 US$ | 2025 | up 93.9% | volatile |
| 21 | Sweden | 145.46 billion constant 2015 US$ | 2025 | up 21.9% | rising |
| 22 | United Arab Emirates | 134.43 billion constant 2015 US$ | 2023 | up 69.7% | rising |
| 23 | Poland | 131.44 billion constant 2015 US$ | 2025 | up 31.6% | rising |
| 24 | Belgium | 126.47 billion constant 2015 US$ | 2025 | up 17.6% | rising |
| 26 | Algeria | 118.44 billion constant 2015 US$ | 2025 | up 22.0% | volatile |
| 27 | Singapore | 106.08 billion constant 2015 US$ | 2025 | up 35.8% | volatile |
| 28 | Argentina | 103.96 billion constant 2015 US$ | 2025 | up 2.4% | rising |
| 29 | Israel | 103.93 billion constant 2015 US$ | 2025 | up 55.0% | volatile |
| 30 | Norway | 103.74 billion constant 2015 US$ | 2025 | up 1.2% | rising |
| 31 | Bangladesh | 102.98 billion constant 2015 US$ | 2025 | up 82.7% | volatile |
| 32 | Philippines | 101.95 billion constant 2015 US$ | 2025 | up 55.9% | volatile |
| 33 | Malaysia | 101.08 billion constant 2015 US$ | 2025 | up 31.9% | volatile |
| 34 | Austria | 96.05 billion constant 2015 US$ | 2025 | up 5.4% | rising |
| 35 | Denmark | 79.73 billion constant 2015 US$ | 2025 | up 28.6% | rising |
| 36 | Kazakhstan | 79.18 billion constant 2015 US$ | 2024 | up 62.3% | volatile |
| 37 | Chile | 73.49 billion constant 2015 US$ | 2025 | up 18.4% | volatile |
| 38 | Romania | 66.72 billion constant 2015 US$ | 2025 | up 47.1% | rising |
| 39 | Qatar | 66.23 billion constant 2015 US$ | 2020 | up 66.2% | volatile |
| 40 | Czechia | 64.74 billion constant 2015 US$ | 2025 | up 26.9% | rising |
| 41 | Colombia | 63.44 billion constant 2015 US$ | 2025 | down 9.1% | volatile |
| 42 | Peru | 53.76 billion constant 2015 US$ | 2025 | up 16.5% | volatile |
| 43 | Pakistan | 53.68 billion constant 2015 US$ | 2025 | up 13.2% | volatile |
| 44 | Finland | 53.08 billion constant 2015 US$ | 2025 | up 3.9% | rising |
| 45 | South Africa | 51.11 billion constant 2015 US$ | 2025 | down 20.9% | volatile |
| 46 | New Zealand | 50.31 billion constant 2015 US$ | 2024 | up 23.5% | volatile |
| 47 | Portugal | 50.15 billion constant 2015 US$ | 2025 | up 58.1% | rising |
| 48 | Morocco | 49.02 billion constant 2015 US$ | 2025 | up 47.1% | volatile |
| 49 | Egypt | 44.09 billion constant 2015 US$ | 2025 | down 6.3% | volatile |
| 50 | Ethiopia | 41.64 billion constant 2015 US$ | 2025 | up 64.8% | rising |
| 51 | Greece | 36.69 billion constant 2015 US$ | 2025 | up 57.0% | rising |
| 52 | Tanzania | 33.05 billion constant 2015 US$ | 2025 | up 112.8% | volatile |
| 53 | Hungary | 32.90 billion constant 2015 US$ | 2025 | up 10.1% | rising |
| 54 | Dominican Republic | 28.06 billion constant 2015 US$ | 2025 | up 74.6% | volatile |
| 55 | Ukraine | 26.30 billion constant 2015 US$ | 2025 | up 81.3% | volatile |
| 56 | Panama | 25.84 billion constant 2015 US$ | 2024 | up 16.3% | volatile |
| 57 | Ecuador | 24.60 billion constant 2015 US$ | 2025 | up 11.6% | rising |
| 58 | Sri Lanka | 24.41 billion constant 2015 US$ | 2025 | down 16.3% | falling |
| 59 | Oman | 24.00 billion constant 2015 US$ | 2024 | down 0.2% | rising |
| 60 | Cote d'Ivoire | 23.74 billion constant 2015 US$ | 2025 | up 121.5% | volatile |
| 61 | Kuwait | 23.28 billion constant 2015 US$ | 2024 | down 7.7% | rising |
| 62 | Democratic Republic of Congo | 21.87 billion constant 2015 US$ | 2025 | up 92.7% | volatile |
| 63 | Slovakia | 21.86 billion constant 2015 US$ | 2025 | down 4.9% | rising |
| 64 | Kenya | 20.43 billion constant 2015 US$ | 2025 | up 31.8% | volatile |
| 65 | Belarus | 17.86 billion constant 2015 US$ | 2025 | up 9.0% | volatile |
| 66 | Angola | 17.12 billion constant 2015 US$ | 2024 | down 44.8% | rising |
| 67 | Croatia | 16.52 billion constant 2015 US$ | 2025 | up 66.3% | rising |
| 68 | Serbia | 16.06 billion constant 2015 US$ | 2025 | up 110.0% | volatile |
| 69 | Guatemala | 15.68 billion constant 2015 US$ | 2025 | up 70.1% | volatile |
| 70 | Bulgaria | 14.61 billion constant 2015 US$ | 2025 | up 37.1% | rising |
| 71 | Iraq | 14.54 billion constant 2015 US$ | 2024 | down 46.9% | rising |
| 72 | Lithuania | 14.31 billion constant 2015 US$ | 2025 | up 52.7% | rising |
| 73 | Uganda | 14.21 billion constant 2015 US$ | 2025 | up 83.9% | volatile |
| 74 | Paraguay | 14.20 billion constant 2015 US$ | 2025 | up 79.2% | volatile |
| 75 | Ghana | 13.89 billion constant 2015 US$ | 2024 | down 1.2% | rising |
| 76 | Costa Rica | 13.50 billion constant 2015 US$ | 2025 | up 26.9% | volatile |
| 77 | Cambodia | 13.43 billion constant 2015 US$ | 2025 | up 85.9% | volatile |
| 78 | Slovenia | 12.36 billion constant 2015 US$ | 2025 | up 48.7% | rising |
| 79 | Bahrain | 12.01 billion constant 2015 US$ | 2024 | up 33.9% | rising |
| 80 | Nepal | 11.89 billion constant 2015 US$ | 2025 | up 56.1% | volatile |
| 81 | Uruguay | 11.23 billion constant 2015 US$ | 2025 | down 1.2% | rising |
| 82 | Senegal | 10.62 billion constant 2015 US$ | 2025 | up 131.2% | volatile |
| 84 | Latvia | 10.20 billion constant 2015 US$ | 2025 | up 60.3% | rising |
| 85 | Gabon | 9.83 billion constant 2015 US$ | 2025 | up 133.9% | volatile |
| 86 | Cameroon | 9.05 billion constant 2015 US$ | 2025 | up 53.9% | volatile |
| 87 | Tunisia | 8.87 billion constant 2015 US$ | 2025 | down 10.8% | volatile |
| 88 | Cuba | 8.52 billion constant 2015 US$ | 2024 | up 23.1% | rising |
| 89 | El Salvador | 8.35 billion constant 2015 US$ | 2025 | up 122.4% | rising |
| 90 | Libya | 7.95 billion constant 2015 US$ | 2025 | down 6.1% | falling |
| 91 | Estonia | 7.46 billion constant 2015 US$ | 2025 | up 29.8% | rising |
| 92 | Mongolia | 7.38 billion constant 2015 US$ | 2025 | up 159.2% | rising |
| 93 | Honduras | 7.30 billion constant 2015 US$ | 2025 | up 38.6% | volatile |
| 94 | Guinea | 7.17 billion constant 2015 US$ | 2025 | up 237.5% | volatile |
| 95 | Bosnia and Herzegovina | 6.95 billion constant 2015 US$ | 2025 | up 91.0% | rising |
| 96 | Puerto Rico | 6.61 billion constant 2015 US$ | 2025 | down 25.6% | rising |
| 97 | Bolivia | 6.40 billion constant 2015 US$ | 2024 | down 3.6% | volatile |
| 98 | Cyprus | 6.21 billion constant 2015 US$ | 2025 | up 134.1% | rising |
| 99 | Botswana | 6.18 billion constant 2015 US$ | 2024 | up 79.2% | volatile |
| 100 | Iceland | 6.12 billion constant 2015 US$ | 2025 | up 80.0% | volatile |
| 101 | Benin | 5.97 billion constant 2015 US$ | 2025 | up 152.8% | volatile |
| 102 | Mali | 5.80 billion constant 2015 US$ | 2025 | up 49.6% | volatile |
| 103 | Georgia | 5.60 billion constant 2015 US$ | 2025 | up 36.8% | rising |
| 104 | Macao | 5.57 billion constant 2015 US$ | 2025 | down 51.2% | volatile |
| 105 | Kyrgyzstan | 5.40 billion constant 2015 US$ | 2025 | up 133.3% | rising |
| 106 | Nicaragua | 5.40 billion constant 2015 US$ | 2025 | up 26.3% | volatile |
| 107 | Mauritania | 5.28 billion constant 2015 US$ | 2025 | up 122.1% | volatile |
| 108 | Burkina Faso | 5.24 billion constant 2015 US$ | 2025 | up 128.0% | volatile |
| 109 | Armenia | 5.00 billion constant 2015 US$ | 2025 | up 128.4% | rising |
| 110 | Laos | 4.87 billion constant 2015 US$ | 2016 | up 140.0% | rising |
| 111 | Mozambique | 4.84 billion constant 2015 US$ | 2025 | down 29.4% | volatile |
| 112 | Rwanda | 4.70 billion constant 2015 US$ | 2025 | up 126.7% | volatile |
| 113 | Albania | 4.51 billion constant 2015 US$ | 2024 | up 44.2% | rising |
| 114 | Niger | 4.33 billion constant 2015 US$ | 2025 | up 38.3% | volatile |
| 115 | Tajikistan | 4.28 billion constant 2015 US$ | 2024 | up 44.8% | volatile |
| 116 | Zimbabwe | 4.02 billion constant 2015 US$ | 2024 | up 111.7% | rising |
| 117 | Congo | 3.93 billion constant 2015 US$ | 2025 | down 58.8% | volatile |
| 118 | Togo | 3.90 billion constant 2015 US$ | 2023 | up 167.7% | volatile |
| 119 | Bahamas | 3.74 billion constant 2015 US$ | 2024 | up 5.3% | rising |
| 121 | Brunei | 3.70 billion constant 2015 US$ | 2025 | down 18.9% | rising |
| 122 | North Macedonia | 3.67 billion constant 2015 US$ | 2025 | up 19.8% | volatile |
| 123 | Palestine | 3.64 billion constant 2015 US$ | 2025 | up 4.0% | rising |
| 124 | Madagascar | 3.53 billion constant 2015 US$ | 2025 | up 95.0% | volatile |
| 125 | Moldova | 3.49 billion constant 2015 US$ | 2025 | up 86.1% | rising |
| 126 | Chad | 3.25 billion constant 2015 US$ | 2025 | down 2.3% | rising |
| 127 | Venezuela | 2.83 billion constant 2015 US$ | 2025 | down 88.4% | volatile |
| 128 | Somalia | 2.81 billion constant 2015 US$ | 2025 | up 247.4% | rising |
| 129 | Mauritius | 2.80 billion constant 2015 US$ | 2025 | up 33.1% | volatile |
| 130 | Namibia | 2.53 billion constant 2015 US$ | 2025 | down 26.9% | volatile |
| 131 | Sierra Leone | 2.27 billion constant 2015 US$ | 2025 | up 85.1% | volatile |
| 132 | Yemen | 2.16 billion constant 2015 US$ | 2018 | down 75.3% | falling |
| 133 | Montenegro | 1.69 billion constant 2015 US$ | 2025 | up 113.0% | rising |
| 134 | Bhutan | 1.40 billion constant 2015 US$ | 2024 | up 32.1% | volatile |
| 135 | Greenland | 1.04 billion constant 2015 US$ | 2023 | up 49.4% | rising |
| 136 | Maldives | 948.67 million constant 2015 US$ | 2024 | down 27.9% | falling |
| 137 | Lesotho | 876.02 million constant 2015 US$ | 2025 | up 22.0% | volatile |
| 138 | Bermuda | 872.17 million constant 2015 US$ | 2024 | up 11.6% | flat |
| 139 | Gambia | 845.19 million constant 2015 US$ | 2025 | up 201.4% | volatile |
| 140 | South Sudan | 689.96 million constant 2015 US$ | 2015 | down 56.3% | falling |
| 141 | Eswatini | 605.51 million constant 2015 US$ | 2024 | down 12.6% | flat |
| 142 | Cape Verde | 558.46 million constant 2015 US$ | 2025 | up 9.6% | falling |
| 143 | Haiti | 557.96 million constant 2015 US$ | 2025 | down 73.1% | rising |
| 144 | East Timor | 543.83 million constant 2015 US$ | 2024 | down 12.1% | volatile |
| 145 | Belize | 519.12 million constant 2015 US$ | 2024 | up 45.5% | rising |
| 146 | Equatorial Guinea | 413.16 million constant 2015 US$ | 2025 | down 87.3% | volatile |
| 147 | Seychelles | 394.30 million constant 2015 US$ | 2025 | up 2.4% | volatile |
| 148 | Samoa | 348.69 million constant 2015 US$ | 2025 | up 18.0% | rising |
| 149 | Solomon Islands | 347.76 million constant 2015 US$ | 2024 | up 103.9% | volatile |
| 150 | Vanuatu | 335.30 million constant 2015 US$ | 2024 | up 156.0% | rising |
| 151 | Guinea-Bissau | 329.00 million constant 2015 US$ | 2025 | up 94.4% | rising |
| 152 | Central African Republic | 317.18 million constant 2015 US$ | 2025 | down 14.2% | rising |
| 153 | San Marino | 250.60 million constant 2015 US$ | 2023 | up 46.1% | rising |
| 154 | Comoros | 160.36 million constant 2015 US$ | 2025 | up 21.7% | rising |
| 155 | Tonga | 150.61 million constant 2015 US$ | 2024 | up 50.8% | rising |
| 156 | Kiribati | 94.93 million constant 2015 US$ | 2024 | up 95.4% | rising |
| 157 | Lebanon | 89.93 million constant 2015 US$ | 2024 | down 99.2% | volatile |
| 158 | Palau | 85.63 million constant 2015 US$ | 2024 | up 9.7% | rising |
| 159 | Marshall Islands | 56.43 million constant 2015 US$ | 2024 | up 47.3% | rising |
| 160 | Sao Tome and Principe | 46.91 million constant 2015 US$ | 2025 | up 24.0% | rising |
| 161 | Djibouti | -82.41 million constant 2015 US$ | 2025 | up 13.9% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- World 26.46 trillion constant 2015 US$
- High income 13.68 trillion constant 2015 US$
- IDA & IBRD total 13.25 trillion constant 2015 US$
- OECD members 12.80 trillion constant 2015 US$
- Low & middle income 12.48 trillion constant 2015 US$
- IBRD only 12.38 trillion constant 2015 US$
- Middle income 12.33 trillion constant 2015 US$
- Post-demographic dividend 11.96 trillion constant 2015 US$
- East Asia & Pacific 11.11 trillion constant 2015 US$
- Upper middle income 10.29 trillion constant 2015 US$
- Late-demographic dividend 9.62 trillion constant 2015 US$
- East Asia & Pacific (excluding high income) 8.37 trillion constant 2015 US$
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.