Gross capital formation in OECD members
OECD members: Gross capital formation was 15.34 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
15.34 trillion current US$
Change on year
up 2.4%
Rank
3rd
of 43 groups
All-time high
15.34 trillion current US$
in 2024
All-time low
645.22 billion current US$
in 1970
Years of data
55
1970–2024
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$, in 1970.
That places OECD members 3rd out of 43 groups with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in OECD members, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 645.22 billion current US$ | — |
| 1971 | 703.87 billion current US$ | +9.1% |
| 1972 | 827.37 billion current US$ | +17.5% |
| 1973 | 1.06 trillion current US$ | +27.6% |
| 1974 | 1.19 trillion current US$ | +12.3% |
| 1975 | 1.18 trillion current US$ | -0.2% |
| 1976 | 1.33 trillion current US$ | +12.3% |
| 1977 | 1.51 trillion current US$ | +13.7% |
| 1978 | 1.84 trillion current US$ | +22.1% |
| 1979 | 2.18 trillion current US$ | +18.5% |
| 1980 | 2.36 trillion current US$ | +8.3% |
| 1981 | 2.35 trillion current US$ | -0.7% |
| 1982 | 2.17 trillion current US$ | -7.4% |
| 1983 | 2.20 trillion current US$ | +1.3% |
| 1984 | 2.43 trillion current US$ | +10.4% |
| 1985 | 2.53 trillion current US$ | +4.3% |
| 1986 | 3.08 trillion current US$ | +21.4% |
| 1987 | 3.60 trillion current US$ | +17.0% |
| 1988 | 4.22 trillion current US$ | +17.3% |
| 1989 | 4.49 trillion current US$ | +6.4% |
| 1990 | 4.97 trillion current US$ | +10.8% |
| 1991 | 5.09 trillion current US$ | +2.4% |
| 1992 | 5.30 trillion current US$ | +4.0% |
| 1993 | 5.27 trillion current US$ | -0.4% |
| 1994 | 5.72 trillion current US$ | +8.4% |
| 1995 | 6.35 trillion current US$ | +11.0% |
| 1996 | 6.39 trillion current US$ | +0.6% |
| 1997 | 6.25 trillion current US$ | -2.1% |
| 1998 | 6.22 trillion current US$ | -0.5% |
| 1999 | 6.54 trillion current US$ | +5.1% |
| 2000 | 6.82 trillion current US$ | +4.3% |
| 2001 | 6.44 trillion current US$ | -5.6% |
| 2002 | 6.48 trillion current US$ | +0.7% |
| 2003 | 7.23 trillion current US$ | +11.5% |
| 2004 | 8.21 trillion current US$ | +13.5% |
| 2005 | 8.87 trillion current US$ | +8.1% |
| 2006 | 9.56 trillion current US$ | +7.8% |
| 2007 | 10.45 trillion current US$ | +9.3% |
| 2008 | 10.84 trillion current US$ | +3.7% |
| 2009 | 8.81 trillion current US$ | -18.7% |
| 2010 | 9.61 trillion current US$ | +9.1% |
| 2011 | 10.67 trillion current US$ | +11.0% |
| 2012 | 10.62 trillion current US$ | -0.5% |
| 2013 | 10.75 trillion current US$ | +1.3% |
| 2014 | 11.17 trillion current US$ | +3.8% |
| 2015 | 10.66 trillion current US$ | -4.5% |
| 2016 | 10.80 trillion current US$ | +1.2% |
| 2017 | 11.49 trillion current US$ | +6.4% |
| 2018 | 12.32 trillion current US$ | +7.2% |
| 2019 | 12.51 trillion current US$ | +1.5% |
| 2020 | 12.13 trillion current US$ | -3.0% |
| 2021 | 13.79 trillion current US$ | +13.7% |
| 2022 | 14.55 trillion current US$ | +5.5% |
| 2023 | 14.99 trillion current US$ | +3.0% |
| 2024 | 15.34 trillion current US$ | +2.4% |
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
- Foreign direct investment, net outflows (BoP, current US$), per capita 779.17 BoP, current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1456 constant 2015 US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0151 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2.7 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 8,471 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1733 current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0107 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 2.6 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 777.22 billion BoP, current US$ (2025)
- General government final consumption expenditure (constant 2015 US$) 7,116 constant 2015 US$ per person (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 43 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.
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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.