Gross capital formation (constant 2015 US$) in United States
United States: Gross capital formation (constant 2015 US$) was 5.12 trillion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
5.12 trillion constant 2015 US$
Change on year
up 3.5%
World rank
2nd
of 163 countries
All-time high
5.12 trillion constant 2015 US$
in 2024
All-time low
846.58 billion constant 2015 US$
in 1970
Years of data
55
1970–2024
Gross capital formation in United States, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross capital formation in United States stood at 5.12 trillion constant 2015 US$. That is the highest value across all 55 years on record.
That represents a change of up 3.5% on the previous year and up 38.2% over ten years.
Over the whole period, gross capital formation in United States peaked at 5.12 trillion constant 2015 US$ in 2024 and was at its lowest, 846.58 billion constant 2015 US$, in 1970.
That places United States 2nd out of 163 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Gross capital formation (constant 2015 US$) in United States, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 846.58 billion constant 2015 US$ | — |
| 1971 | 892.72 billion constant 2015 US$ | +5.5% |
| 1972 | 962.50 billion constant 2015 US$ | +7.8% |
| 1973 | 1.05 trillion constant 2015 US$ | +9.0% |
| 1974 | 998.36 billion constant 2015 US$ | -4.8% |
| 1975 | 874.39 billion constant 2015 US$ | -12.4% |
| 1976 | 1.01 trillion constant 2015 US$ | +15.0% |
| 1977 | 1.12 trillion constant 2015 US$ | +11.0% |
| 1978 | 1.24 trillion constant 2015 US$ | +10.7% |
| 1979 | 1.28 trillion constant 2015 US$ | +3.9% |
| 1980 | 1.18 trillion constant 2015 US$ | -7.7% |
| 1981 | 1.26 trillion constant 2015 US$ | +6.8% |
| 1982 | 1.14 trillion constant 2015 US$ | -10.2% |
| 1983 | 1.23 trillion constant 2015 US$ | +8.7% |
| 1984 | 1.53 trillion constant 2015 US$ | +23.7% |
| 1985 | 1.56 trillion constant 2015 US$ | +2.4% |
| 1986 | 1.59 trillion constant 2015 US$ | +1.8% |
| 1987 | 1.65 trillion constant 2015 US$ | +3.5% |
| 1988 | 1.68 trillion constant 2015 US$ | +1.7% |
| 1989 | 1.74 trillion constant 2015 US$ | +3.6% |
| 1990 | 1.72 trillion constant 2015 US$ | -1.0% |
| 1991 | 1.63 trillion constant 2015 US$ | -5.3% |
| 1992 | 1.72 trillion constant 2015 US$ | +5.5% |
| 1993 | 1.81 trillion constant 2015 US$ | +5.4% |
| 1994 | 1.97 trillion constant 2015 US$ | +9.0% |
| 1995 | 2.03 trillion constant 2015 US$ | +2.9% |
| 1996 | 2.18 trillion constant 2015 US$ | +7.6% |
| 1997 | 2.39 trillion constant 2015 US$ | +9.5% |
| 1998 | 2.60 trillion constant 2015 US$ | +8.7% |
| 1999 | 2.81 trillion constant 2015 US$ | +7.9% |
| 2000 | 2.98 trillion constant 2015 US$ | +6.1% |
| 2001 | 2.86 trillion constant 2015 US$ | -4.0% |
| 2002 | 2.87 trillion constant 2015 US$ | +0.5% |
| 2003 | 2.99 trillion constant 2015 US$ | +4.1% |
| 2004 | 3.22 trillion constant 2015 US$ | +7.8% |
| 2005 | 3.40 trillion constant 2015 US$ | +5.6% |
| 2006 | 3.51 trillion constant 2015 US$ | +3.1% |
| 2007 | 3.45 trillion constant 2015 US$ | -1.6% |
| 2008 | 3.24 trillion constant 2015 US$ | -6.3% |
| 2009 | 2.70 trillion constant 2015 US$ | -16.5% |
| 2010 | 2.98 trillion constant 2015 US$ | +10.4% |
| 2011 | 3.11 trillion constant 2015 US$ | +4.3% |
| 2012 | 3.35 trillion constant 2015 US$ | +7.7% |
| 2013 | 3.52 trillion constant 2015 US$ | +5.2% |
| 2014 | 3.71 trillion constant 2015 US$ | +5.2% |
| 2015 | 3.92 trillion constant 2015 US$ | +5.7% |
| 2016 | 3.93 trillion constant 2015 US$ | +0.4% |
| 2017 | 4.10 trillion constant 2015 US$ | +4.2% |
| 2018 | 4.33 trillion constant 2015 US$ | +5.6% |
| 2019 | 4.47 trillion constant 2015 US$ | +3.3% |
| 2020 | 4.34 trillion constant 2015 US$ | -2.8% |
| 2021 | 4.64 trillion constant 2015 US$ | +6.9% |
| 2022 | 4.87 trillion constant 2015 US$ | +4.9% |
| 2023 | 4.95 trillion constant 2015 US$ | +1.6% |
| 2024 | 5.12 trillion constant 2015 US$ | +3.5% |
United States compared with similar countries
- United States's 5.12 trillion constant 2015 US$ is above the median for high income countries, which is 50.23 billion constant 2015 US$, 101.9× the median. (58 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.03 trillion constant 2015 US$ | 846.58 billion constant 2015 US$ | 1.28 trillion constant 2015 US$ | 10 |
| 1980s | 1.46 trillion constant 2015 US$ | 1.14 trillion constant 2015 US$ | 1.74 trillion constant 2015 US$ | 10 |
| 1990s | 2.09 trillion constant 2015 US$ | 1.63 trillion constant 2015 US$ | 2.81 trillion constant 2015 US$ | 10 |
| 2000s | 3.12 trillion constant 2015 US$ | 2.70 trillion constant 2015 US$ | 3.51 trillion constant 2015 US$ | 10 |
| 2010s | 3.74 trillion constant 2015 US$ | 2.98 trillion constant 2015 US$ | 4.47 trillion constant 2015 US$ | 10 |
| 2020s | 4.78 trillion constant 2015 US$ | 4.34 trillion constant 2015 US$ | 5.12 trillion constant 2015 US$ | 5 |
Countries ranked near United States
More economy & growth data for United States
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.26 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0057 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 509.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.7205 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0041 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 371.72 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 0.9623 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation in United States?
- Gross capital formation in United States was 5.12 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 United States?
- The highest recorded value was 5.12 trillion constant 2015 US$ in 2024.
- What is the lowest gross capital formation recorded in United States?
- The lowest recorded value was 846.58 billion constant 2015 US$ in 1970.
- How does United States rank for gross capital formation?
- United States ranks 2nd out of 163 countries with data for 2024.
- Is gross capital formation rising or falling in United States?
- Over the last ten years it is up 38.2%. The long-run trend across the full record is rising.
- Where does this United States 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.