Gross capital formation (constant 2015 US$) in North America
North America: Gross capital formation (constant 2015 US$) was 5.52 trillion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
5.52 trillion constant 2015 US$
Change on year
up 3.2%
Rank
14th
of 40 groups
All-time high
5.52 trillion constant 2015 US$
in 2024
All-time low
923.03 billion constant 2015 US$
in 1970
Years of data
55
1970–2024
Gross capital formation in North America, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
North America recorded 5.52 trillion constant 2015 US$ for gross capital formation in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.2% on the previous year and up 34.5% over ten years.
Over the whole period, gross capital formation in North America peaked at 5.52 trillion constant 2015 US$ in 2024 and was at its lowest, 923.03 billion constant 2015 US$, in 1970.
North America ranks 14th of 40 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross capital formation (constant 2015 US$) in North America, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 923.03 billion constant 2015 US$ | — |
| 1971 | 975.67 billion constant 2015 US$ | +5.7% |
| 1972 | 1.05 trillion constant 2015 US$ | +7.7% |
| 1973 | 1.15 trillion constant 2015 US$ | +9.3% |
| 1974 | 1.11 trillion constant 2015 US$ | -3.5% |
| 1975 | 983.89 billion constant 2015 US$ | -11.2% |
| 1976 | 1.12 trillion constant 2015 US$ | +14.0% |
| 1977 | 1.23 trillion constant 2015 US$ | +9.9% |
| 1978 | 1.35 trillion constant 2015 US$ | +9.7% |
| 1979 | 1.42 trillion constant 2015 US$ | +4.7% |
| 1980 | 1.31 trillion constant 2015 US$ | -7.3% |
| 1981 | 1.40 trillion constant 2015 US$ | +7.0% |
| 1982 | 1.25 trillion constant 2015 US$ | -11.4% |
| 1983 | 1.35 trillion constant 2015 US$ | +8.7% |
| 1984 | 1.66 trillion constant 2015 US$ | +22.7% |
| 1985 | 1.71 trillion constant 2015 US$ | +2.9% |
| 1986 | 1.74 trillion constant 2015 US$ | +1.9% |
| 1987 | 1.81 trillion constant 2015 US$ | +3.9% |
| 1988 | 1.85 trillion constant 2015 US$ | +2.5% |
| 1989 | 1.92 trillion constant 2015 US$ | +3.8% |
| 1990 | 1.89 trillion constant 2015 US$ | -1.7% |
| 1991 | 1.79 trillion constant 2015 US$ | -5.5% |
| 1992 | 1.87 trillion constant 2015 US$ | +4.7% |
| 1993 | 1.97 trillion constant 2015 US$ | +5.2% |
| 1994 | 2.15 trillion constant 2015 US$ | +9.0% |
| 1995 | 2.21 trillion constant 2015 US$ | +2.9% |
| 1996 | 2.37 trillion constant 2015 US$ | +7.0% |
| 1997 | 2.60 trillion constant 2015 US$ | +10.0% |
| 1998 | 2.81 trillion constant 2015 US$ | +8.1% |
| 1999 | 3.03 trillion constant 2015 US$ | +7.7% |
| 2000 | 3.22 trillion constant 2015 US$ | +6.3% |
| 2001 | 3.09 trillion constant 2015 US$ | -3.9% |
| 2002 | 3.11 trillion constant 2015 US$ | +0.6% |
| 2003 | 3.25 trillion constant 2015 US$ | +4.5% |
| 2004 | 3.51 trillion constant 2015 US$ | +7.9% |
| 2005 | 3.72 trillion constant 2015 US$ | +6.1% |
| 2006 | 3.85 trillion constant 2015 US$ | +3.3% |
| 2007 | 3.80 trillion constant 2015 US$ | -1.2% |
| 2008 | 3.59 trillion constant 2015 US$ | -5.5% |
| 2009 | 3.01 trillion constant 2015 US$ | -16.2% |
| 2010 | 3.32 trillion constant 2015 US$ | +10.6% |
| 2011 | 3.48 trillion constant 2015 US$ | +4.7% |
| 2012 | 3.73 trillion constant 2015 US$ | +7.3% |
| 2013 | 3.92 trillion constant 2015 US$ | +5.0% |
| 2014 | 4.10 trillion constant 2015 US$ | +4.7% |
| 2015 | 4.29 trillion constant 2015 US$ | +4.5% |
| 2016 | 4.29 trillion constant 2015 US$ | -0.1% |
| 2017 | 4.48 trillion constant 2015 US$ | +4.5% |
| 2018 | 4.72 trillion constant 2015 US$ | +5.3% |
| 2019 | 4.86 trillion constant 2015 US$ | +3.0% |
| 2020 | 4.69 trillion constant 2015 US$ | -3.3% |
| 2021 | 5.05 trillion constant 2015 US$ | +7.5% |
| 2022 | 5.30 trillion constant 2015 US$ | +5.0% |
| 2023 | 5.35 trillion constant 2015 US$ | +1.0% |
| 2024 | 5.52 trillion constant 2015 US$ | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.13 trillion constant 2015 US$ | 923.03 billion constant 2015 US$ | 1.42 trillion constant 2015 US$ | 10 |
| 1980s | 1.60 trillion constant 2015 US$ | 1.25 trillion constant 2015 US$ | 1.92 trillion constant 2015 US$ | 10 |
| 1990s | 2.27 trillion constant 2015 US$ | 1.79 trillion constant 2015 US$ | 3.03 trillion constant 2015 US$ | 10 |
| 2000s | 3.41 trillion constant 2015 US$ | 3.01 trillion constant 2015 US$ | 3.85 trillion constant 2015 US$ | 10 |
| 2010s | 4.12 trillion constant 2015 US$ | 3.32 trillion constant 2015 US$ | 4.86 trillion constant 2015 US$ | 10 |
| 2020s | 5.18 trillion constant 2015 US$ | 4.69 trillion constant 2015 US$ | 5.52 trillion constant 2015 US$ | 5 |
Countries ranked near North America
- 11 Indonesia 428.53 billion constant 2015 US$ compare
- 12 Canada 406.46 billion constant 2015 US$ compare
- 13 Brazil 344.80 billion constant 2015 US$ compare
- 14 Spain 309.59 billion constant 2015 US$ compare
- 15 Mexico 296.44 billion constant 2015 US$ compare
- 16 Saudi Arabia 286.19 billion constant 2015 US$ compare
- 17 Switzerland 234.70 billion constant 2015 US$ compare
More economy & growth data for North America
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0142 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,224 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 30.35 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 469.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,250 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0145 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 479.40 billion BoP, current US$ (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 65,820 current US$ per person (2021)
- Services, value added (current US$), annual growth rate 10.37 % change on previous year (2021)
- Services, value added (current US$), per unit of GDP 0.7546 current US$ per US$ of GDP (2021)
Frequently asked questions
- What is gross capital formation in North America?
- Gross capital formation in North America was 5.52 trillion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in North America?
- The highest recorded value was 5.52 trillion constant 2015 US$ in 2024.
- What is the lowest gross capital formation recorded in North America?
- The lowest recorded value was 923.03 billion constant 2015 US$ in 1970.
- How does North America rank for gross capital formation?
- North America ranks 14th out of 40 groups with data for 2024.
- Is gross capital formation rising or falling in North America?
- Over the last ten years it is up 34.5%. The long-run trend across the full record is rising.
- Where does this North America data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.