Gross capital formation in North America
North America: Gross capital formation 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 38 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$, in 1970.
North America ranks 14th of 38 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross capital formation in North America, year by year
| Year | constant 2015 US$ | 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
- Households and NPISHs Final consumption expenditure 21.16 trillion current US$ (2024)
- Final consumption expenditure 25.64 trillion current US$ (2024)
- Households and NPISHs final consumption expenditure 67.0% (2024)
- Imports of goods and services 5.0% (2024)
- Imports of goods and services 15.4% (2024)
- Households and NPISHs Final consumption expenditure per capita growth 1.7% (2024)
- Households and NPISHs Final consumption expenditure per capita 43,939 constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 2.9% (2024)
- Households and NPISHs Final consumption expenditure 16.76 trillion constant 2015 US$ (2024)
- Manufacturing, value added 2.69 trillion current US$ (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 38 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.