Gross capital formation (current US$) in North America
North America: Gross capital formation (current US$) was 6.84 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
6.84 trillion current US$
Change on year
up 4.9%
Rank
15th
of 43 groups
All-time high
6.84 trillion current US$
in 2024
All-time low
249.43 billion current 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 current US$.
Analysis
In 2024, gross capital formation in North America stood at 6.84 trillion current US$. That is the highest value across all 55 years on record.
The figure is up 4.9% on the previous year and up 65.5% over ten years.
Over the whole period, gross capital formation in North America peaked at 6.84 trillion current US$ in 2024 and was at its lowest, 249.43 billion current US$, in 1970.
North America ranks 15th of 43 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current US$) in North America, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 249.43 billion current US$ | — |
| 1971 | 278.41 billion current US$ | +11.6% |
| 1972 | 315.16 billion current US$ | +13.2% |
| 1973 | 364.72 billion current US$ | +15.7% |
| 1974 | 392.41 billion current US$ | +7.6% |
| 1975 | 385.08 billion current US$ | -1.9% |
| 1976 | 465.06 billion current US$ | +20.8% |
| 1977 | 541.49 billion current US$ | +16.4% |
| 1978 | 635.66 billion current US$ | +17.4% |
| 1979 | 721.27 billion current US$ | +13.5% |
| 1980 | 731.54 billion current US$ | +1.4% |
| 1981 | 856.52 billion current US$ | +17.1% |
| 1982 | 800.88 billion current US$ | -6.5% |
| 1983 | 878.05 billion current US$ | +9.6% |
| 1984 | 1.09 trillion current US$ | +23.9% |
| 1985 | 1.13 trillion current US$ | +3.7% |
| 1986 | 1.17 trillion current US$ | +3.6% |
| 1987 | 1.24 trillion current US$ | +6.3% |
| 1988 | 1.32 trillion current US$ | +5.8% |
| 1989 | 1.40 trillion current US$ | +6.8% |
| 1990 | 1.41 trillion current US$ | +0.5% |
| 1991 | 1.36 trillion current US$ | -3.8% |
| 1992 | 1.42 trillion current US$ | +4.5% |
| 1993 | 1.51 trillion current US$ | +6.2% |
| 1994 | 1.66 trillion current US$ | +10.5% |
| 1995 | 1.74 trillion current US$ | +4.7% |
| 1996 | 1.87 trillion current US$ | +7.4% |
| 1997 | 2.06 trillion current US$ | +10.1% |
| 1998 | 2.21 trillion current US$ | +7.4% |
| 1999 | 2.40 trillion current US$ | +8.2% |
| 2000 | 2.58 trillion current US$ | +7.7% |
| 2001 | 2.49 trillion current US$ | -3.4% |
| 2002 | 2.52 trillion current US$ | +1.3% |
| 2003 | 2.68 trillion current US$ | +6.0% |
| 2004 | 2.99 trillion current US$ | +11.7% |
| 2005 | 3.31 trillion current US$ | +10.9% |
| 2006 | 3.56 trillion current US$ | +7.5% |
| 2007 | 3.62 trillion current US$ | +1.5% |
| 2008 | 3.48 trillion current US$ | -3.7% |
| 2009 | 2.88 trillion current US$ | -17.4% |
| 2010 | 3.19 trillion current US$ | +11.0% |
| 2011 | 3.40 trillion current US$ | +6.7% |
| 2012 | 3.70 trillion current US$ | +8.7% |
| 2013 | 3.90 trillion current US$ | +5.5% |
| 2014 | 4.13 trillion current US$ | +5.9% |
| 2015 | 4.29 trillion current US$ | +3.9% |
| 2016 | 4.28 trillion current US$ | -0.3% |
| 2017 | 4.54 trillion current US$ | +6.1% |
| 2018 | 4.86 trillion current US$ | +7.1% |
| 2019 | 5.07 trillion current US$ | +4.3% |
| 2020 | 4.96 trillion current US$ | -2.2% |
| 2021 | 5.57 trillion current US$ | +12.4% |
| 2022 | 6.29 trillion current US$ | +12.9% |
| 2023 | 6.52 trillion current US$ | +3.6% |
| 2024 | 6.84 trillion current US$ | +4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 434.87 billion current US$ | 249.43 billion current US$ | 721.27 billion current US$ | 10 |
| 1980s | 1.06 trillion current US$ | 731.54 billion current US$ | 1.40 trillion current US$ | 10 |
| 1990s | 1.76 trillion current US$ | 1.36 trillion current US$ | 2.40 trillion current US$ | 10 |
| 2000s | 3.01 trillion current US$ | 2.49 trillion current US$ | 3.62 trillion current US$ | 10 |
| 2010s | 4.14 trillion current US$ | 3.19 trillion current US$ | 5.07 trillion current US$ | 10 |
| 2020s | 6.04 trillion current US$ | 4.96 trillion current US$ | 6.84 trillion current US$ | 5 |
Countries ranked near North America
- 12 Turkey 505.81 billion current US$ compare
- 13 Indonesia 442.64 billion current US$ compare
- 14 Australia 439.94 billion current US$ compare
- 15 Mexico 414.38 billion current US$ compare
- 16 Spain 408.17 billion current US$ compare
- 17 Saudi Arabia 403.83 billion current US$ compare
- 18 Brazil 389.32 billion current 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 6.84 trillion current 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 6.84 trillion current US$ in 2024.
- What is the lowest gross capital formation recorded in North America?
- The lowest recorded value was 249.43 billion current US$ in 1970.
- How does North America rank for gross capital formation?
- North America ranks 15th out of 43 groups with data for 2024.
- Is gross capital formation rising or falling in North America?
- Over the last ten years it is up 65.5%. The long-run trend across the full record is volatile.
- 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 (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.