Gross capital formation in United States
United States: Gross capital formation was 6.31 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
6.31 trillion current US$
Change on year
up 5.2%
World rank
2nd
of 187 countries
All-time high
6.31 trillion current US$
in 2024
All-time low
229.84 billion current US$
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 current US$.
Analysis
The most recent figure for gross capital formation in United States is 6.31 trillion current US$, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 5.2% on the previous year and up 71.4% over ten years.
Over the whole period, gross capital formation in United States peaked at 6.31 trillion current US$ in 2024 and was at its lowest, 229.84 billion current US$, in 1970.
United States ranks 2nd of 187 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in United States, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 229.84 billion current US$ | — |
| 1971 | 255.33 billion current US$ | +11.1% |
| 1972 | 288.83 billion current US$ | +13.1% |
| 1973 | 332.57 billion current US$ | +15.1% |
| 1974 | 350.69 billion current US$ | +5.5% |
| 1975 | 341.66 billion current US$ | -2.6% |
| 1976 | 412.87 billion current US$ | +20.8% |
| 1977 | 489.78 billion current US$ | +18.6% |
| 1978 | 583.94 billion current US$ | +19.2% |
| 1979 | 659.75 billion current US$ | +13.0% |
| 1980 | 666.05 billion current US$ | +1.0% |
| 1981 | 778.57 billion current US$ | +16.9% |
| 1982 | 737.98 billion current US$ | -5.2% |
| 1983 | 808.68 billion current US$ | +9.6% |
| 1984 | 1.01 trillion current US$ | +25.3% |
| 1985 | 1.05 trillion current US$ | +3.6% |
| 1986 | 1.09 trillion current US$ | +3.6% |
| 1987 | 1.15 trillion current US$ | +5.5% |
| 1988 | 1.20 trillion current US$ | +4.2% |
| 1989 | 1.27 trillion current US$ | +6.3% |
| 1990 | 1.28 trillion current US$ | +1.1% |
| 1991 | 1.24 trillion current US$ | -3.5% |
| 1992 | 1.31 trillion current US$ | +5.7% |
| 1993 | 1.40 trillion current US$ | +6.8% |
| 1994 | 1.55 trillion current US$ | +10.9% |
| 1995 | 1.63 trillion current US$ | +4.8% |
| 1996 | 1.75 trillion current US$ | +7.8% |
| 1997 | 1.92 trillion current US$ | +9.7% |
| 1998 | 2.08 trillion current US$ | +8.2% |
| 1999 | 2.26 trillion current US$ | +8.4% |
| 2000 | 2.43 trillion current US$ | +7.6% |
| 2001 | 2.35 trillion current US$ | -3.3% |
| 2002 | 2.37 trillion current US$ | +1.2% |
| 2003 | 2.49 trillion current US$ | +4.9% |
| 2004 | 2.77 trillion current US$ | +11.1% |
| 2005 | 3.05 trillion current US$ | +10.1% |
| 2006 | 3.25 trillion current US$ | +6.7% |
| 2007 | 3.27 trillion current US$ | +0.4% |
| 2008 | 3.11 trillion current US$ | -4.8% |
| 2009 | 2.57 trillion current US$ | -17.2% |
| 2010 | 2.81 trillion current US$ | +9.2% |
| 2011 | 2.97 trillion current US$ | +5.7% |
| 2012 | 3.24 trillion current US$ | +9.2% |
| 2013 | 3.44 trillion current US$ | +6.1% |
| 2014 | 3.68 trillion current US$ | +7.0% |
| 2015 | 3.92 trillion current US$ | +6.5% |
| 2016 | 3.93 trillion current US$ | +0.3% |
| 2017 | 4.15 trillion current US$ | +5.6% |
| 2018 | 4.46 trillion current US$ | +7.4% |
| 2019 | 4.67 trillion current US$ | +4.8% |
| 2020 | 4.58 trillion current US$ | -1.8% |
| 2021 | 5.08 trillion current US$ | +10.8% |
| 2022 | 5.74 trillion current US$ | +13.0% |
| 2023 | 6.00 trillion current US$ | +4.5% |
| 2024 | 6.31 trillion current US$ | +5.2% |
United States compared with similar countries
- United States's 6.31 trillion current US$ is above the median for high income countries, which is 48.39 billion current US$, 130.4× the median. (67 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 394.53 billion current US$ | 229.84 billion current US$ | 659.75 billion current US$ | 10 |
| 1980s | 975.36 billion current US$ | 666.05 billion current US$ | 1.27 trillion current US$ | 10 |
| 1990s | 1.64 trillion current US$ | 1.24 trillion current US$ | 2.26 trillion current US$ | 10 |
| 2000s | 2.77 trillion current US$ | 2.35 trillion current US$ | 3.27 trillion current US$ | 10 |
| 2010s | 3.73 trillion current US$ | 2.81 trillion current US$ | 4.67 trillion current US$ | 10 |
| 2020s | 5.54 trillion current US$ | 4.58 trillion current US$ | 6.31 trillion current US$ | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 422.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0137 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,235 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 400.52 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.83 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.013 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,172 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 52.24 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in United States?
- Gross capital formation in United States was 6.31 trillion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in United States?
- The highest recorded value was 6.31 trillion current US$ in 2024.
- What is the lowest gross capital formation recorded in United States?
- The lowest recorded value was 229.84 billion current US$ in 1970.
- How does United States rank for gross capital formation?
- United States ranks 2nd out of 187 countries with data for 2024.
- Is gross capital formation rising or falling in United States?
- Over the last ten years it is up 71.4%. The long-run trend across the full record is volatile.
- 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.