Gross capital formation in United States
United States: Gross capital formation was 5.41 trillion constant LCU in 2024. ▲ Rising
Latest (2024)
5.41 trillion constant LCU
Change on year
up 3.5%
World rank
33rd
of 169 countries
All-time high
5.41 trillion constant LCU
in 2024
All-time low
893.71 billion constant LCU
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 LCU.
Analysis
United States recorded 5.41 trillion constant LCU for gross capital formation in 2024. 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 5.41 trillion constant LCU in 2024 and was at its lowest, 893.71 billion constant LCU, in 1970.
United States ranks 33rd of 169 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross capital formation in United States, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 893.71 billion constant LCU | — |
| 1971 | 942.42 billion constant LCU | +5.5% |
| 1972 | 1.02 trillion constant LCU | +7.8% |
| 1973 | 1.11 trillion constant LCU | +9.0% |
| 1974 | 1.05 trillion constant LCU | -4.8% |
| 1975 | 923.08 billion constant LCU | -12.4% |
| 1976 | 1.06 trillion constant LCU | +15.0% |
| 1977 | 1.18 trillion constant LCU | +11.0% |
| 1978 | 1.30 trillion constant LCU | +10.7% |
| 1979 | 1.35 trillion constant LCU | +3.9% |
| 1980 | 1.25 trillion constant LCU | -7.7% |
| 1981 | 1.33 trillion constant LCU | +6.8% |
| 1982 | 1.20 trillion constant LCU | -10.2% |
| 1983 | 1.30 trillion constant LCU | +8.7% |
| 1984 | 1.61 trillion constant LCU | +23.7% |
| 1985 | 1.65 trillion constant LCU | +2.4% |
| 1986 | 1.68 trillion constant LCU | +1.8% |
| 1987 | 1.74 trillion constant LCU | +3.5% |
| 1988 | 1.77 trillion constant LCU | +1.7% |
| 1989 | 1.83 trillion constant LCU | +3.6% |
| 1990 | 1.81 trillion constant LCU | -1.0% |
| 1991 | 1.72 trillion constant LCU | -5.3% |
| 1992 | 1.81 trillion constant LCU | +5.5% |
| 1993 | 1.91 trillion constant LCU | +5.4% |
| 1994 | 2.08 trillion constant LCU | +9.0% |
| 1995 | 2.14 trillion constant LCU | +2.9% |
| 1996 | 2.31 trillion constant LCU | +7.6% |
| 1997 | 2.52 trillion constant LCU | +9.5% |
| 1998 | 2.74 trillion constant LCU | +8.7% |
| 1999 | 2.96 trillion constant LCU | +7.9% |
| 2000 | 3.14 trillion constant LCU | +6.1% |
| 2001 | 3.02 trillion constant LCU | -4.0% |
| 2002 | 3.03 trillion constant LCU | +0.5% |
| 2003 | 3.16 trillion constant LCU | +4.1% |
| 2004 | 3.40 trillion constant LCU | +7.8% |
| 2005 | 3.59 trillion constant LCU | +5.6% |
| 2006 | 3.70 trillion constant LCU | +3.1% |
| 2007 | 3.64 trillion constant LCU | -1.6% |
| 2008 | 3.42 trillion constant LCU | -6.3% |
| 2009 | 2.85 trillion constant LCU | -16.5% |
| 2010 | 3.15 trillion constant LCU | +10.4% |
| 2011 | 3.28 trillion constant LCU | +4.3% |
| 2012 | 3.54 trillion constant LCU | +7.7% |
| 2013 | 3.72 trillion constant LCU | +5.2% |
| 2014 | 3.91 trillion constant LCU | +5.2% |
| 2015 | 4.14 trillion constant LCU | +5.7% |
| 2016 | 4.15 trillion constant LCU | +0.4% |
| 2017 | 4.33 trillion constant LCU | +4.2% |
| 2018 | 4.57 trillion constant LCU | +5.6% |
| 2019 | 4.72 trillion constant LCU | +3.3% |
| 2020 | 4.58 trillion constant LCU | -2.8% |
| 2021 | 4.90 trillion constant LCU | +6.9% |
| 2022 | 5.14 trillion constant LCU | +4.9% |
| 2023 | 5.22 trillion constant LCU | +1.6% |
| 2024 | 5.41 trillion constant LCU | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.08 trillion constant LCU | 893.71 billion constant LCU | 1.35 trillion constant LCU | 10 |
| 1980s | 1.54 trillion constant LCU | 1.20 trillion constant LCU | 1.83 trillion constant LCU | 10 |
| 1990s | 2.20 trillion constant LCU | 1.72 trillion constant LCU | 2.96 trillion constant LCU | 10 |
| 2000s | 3.30 trillion constant LCU | 2.85 trillion constant LCU | 3.70 trillion constant LCU | 10 |
| 2010s | 3.95 trillion constant LCU | 3.15 trillion constant LCU | 4.72 trillion constant LCU | 10 |
| 2020s | 5.05 trillion constant LCU | 4.58 trillion constant LCU | 5.41 trillion constant LCU | 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)
- GNI (current LCU), annual growth rate 5.49 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.994 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 89,488 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual -109.66 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual -109.66 % change on previous year (2024)
- Taxes less subsidies on products (current US$), 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)
Frequently asked questions
- What is gross capital formation in United States?
- Gross capital formation in United States was 5.41 trillion constant LCU 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 5.41 trillion constant LCU in 2024.
- What is the lowest gross capital formation recorded in United States?
- The lowest recorded value was 893.71 billion constant LCU in 1970.
- How does United States rank for gross capital formation?
- United States ranks 33rd out of 169 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 LCU). 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 varies by country. This series is expressed in local currency units.