Gross capital formation in OECD members
OECD members: Gross capital formation was 15.34 trillion current US$ in 2024. ◆ Volatile
Gross capital formation in OECD members, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, gross capital formation in OECD members stood at 15.34 trillion current US$. That is the highest value across all 55 years on record.
The figure is up 2.4% on the previous year and up 37.4% over ten years.
Over the whole period, gross capital formation in OECD members peaked at 15.34 trillion current US$ in 2024 and was at its lowest, 645.22 billion current US$, in 1970.
That places OECD members 3rd out of 44 groups with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.25 trillion current US$ | 645.22 billion current US$ | 2.18 trillion current US$ | 10 |
| 1980s | 2.94 trillion current US$ | 2.17 trillion current US$ | 4.49 trillion current US$ | 10 |
| 1990s | 5.81 trillion current US$ | 4.97 trillion current US$ | 6.54 trillion current US$ | 10 |
| 2000s | 8.37 trillion current US$ | 6.44 trillion current US$ | 10.84 trillion current US$ | 10 |
| 2010s | 11.06 trillion current US$ | 9.61 trillion current US$ | 12.51 trillion current US$ | 10 |
| 2020s | 14.16 trillion current US$ | 12.13 trillion current US$ | 15.34 trillion current US$ | 5 |
Countries ranked near OECD members
More economy & growth data for OECD members
- Final consumption expenditure 52.86 trillion current US$ (2024)
- Households and NPISHs Final consumption expenditure per capita growth 1.3% (2024)
- Manufacturing, value added 7.62 trillion current US$ (2022)
- Agriculture, forestry, and fishing, value added 0.7% (2024)
- Households and NPISHs final consumption expenditure 60.1% (2024)
- Final consumption expenditure 2.2% (2024)
- Gross national expenditure 56.77 trillion constant 2015 US$ (2024)
- Gross national expenditure 68.20 trillion current US$ (2024)
- Households and NPISHs Final consumption expenditure per capita 24,690 constant 2015 US$ (2024)
- Final consumption expenditure 44.42 trillion constant 2015 US$ (2024)
Frequently asked questions
- What is gross capital formation in OECD members?
- Gross capital formation in OECD members was 15.34 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 OECD members?
- The highest recorded value was 15.34 trillion current US$ in 2024.
- What is the lowest gross capital formation recorded in OECD members?
- The lowest recorded value was 645.22 billion current US$ in 1970.
- How does OECD members rank for gross capital formation?
- OECD members ranks 3rd out of 44 groups with data for 2024.
- Is gross capital formation rising or falling in OECD members?
- Over the last ten years it is up 37.4%. The long-run trend across the full record is volatile.
- Where does this OECD members 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.