Gross capital formation in United States of America
United States of America: Gross capital formation 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 162 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 of America, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross capital formation in United States of America stood at 5.12 trillion constant 2015 US$. 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 of America peaked at 5.12 trillion constant 2015 US$ in 2024 and was at its lowest, 846.58 billion constant 2015 US$, in 1970.
That places United States of America 2nd out of 162 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Gross capital formation in United States of America, year by year
| Year | constant 2015 US$ | 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% |
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 of America
More economy & growth data for United States of America
- 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)
- Net primary income (Net income from abroad) (current LCU), annual -109.66 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 15.63 % change on previous year (2021)
- Taxes less subsidies on products (current US$), per unit of GDP 0.035 current US$ per US$ of GDP (2021)
- Taxes less subsidies on products (current US$), per capita 2,497 current US$ per person (2021)
- Taxes less subsidies on products (current LCU), annual growth rate 15.63 % change on previous year (2021)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.035 current LCU per US$ of GDP (2021)
- Taxes less subsidies on products (current LCU), per capita 2,497 current LCU per person (2021)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
Frequently asked questions
- What is gross capital formation in United States of America?
- Gross capital formation in United States of America 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 of America?
- The highest recorded value was 5.12 trillion constant 2015 US$ in 2024.
- What is the lowest gross capital formation recorded in United States of America?
- The lowest recorded value was 846.58 billion constant 2015 US$ in 1970.
- How does United States of America rank for gross capital formation?
- United States of America ranks 2nd out of 162 countries with data for 2024.
- Is gross capital formation rising or falling in United States of America?
- 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 of 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
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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 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.