Gross capital formation in OECD members
OECD members: Gross capital formation was 22.5% in 2024. ▼ Falling
Gross capital formation in OECD members, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
OECD members recorded 22.5% for gross capital formation in 2024.
Compared with earlier readings it is down 1.9% on the previous year and up 2.1% over ten years.
Over the whole period, gross capital formation in OECD members peaked at 28.2% in 1974 and was at its lowest, 20.3%, in 2009.
OECD members ranks 31st of 43 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Gross capital formation in OECD members, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 26.8% | — |
| 1971 | 26.4% | -1.5% |
| 1972 | 26.7% | +1.2% |
| 1973 | 28.2% | +5.4% |
| 1974 | 28.2% | +0.1% |
| 1975 | 25.1% | -11.0% |
| 1976 | 26.0% | +3.6% |
| 1977 | 26.2% | +0.7% |
| 1978 | 26.5% | +1.4% |
| 1979 | 27.2% | +2.6% |
| 1980 | 26.6% | -2.5% |
| 1981 | 25.9% | -2.5% |
| 1982 | 24.4% | -6.0% |
| 1983 | 23.9% | -2.1% |
| 1984 | 25.2% | +5.6% |
| 1985 | 25.0% | -0.9% |
| 1986 | 25.0% | +0.1% |
| 1987 | 25.2% | +1.0% |
| 1988 | 26.3% | +4.0% |
| 1989 | 26.7% | +1.7% |
| 1990 | 26.3% | -1.6% |
| 1991 | 25.4% | -3.3% |
| 1992 | 24.6% | -3.4% |
| 1993 | 24.1% | -2.0% |
| 1994 | 24.4% | +1.4% |
| 1995 | 24.5% | +0.5% |
| 1996 | 24.5% | -0.3% |
| 1997 | 24.3% | -0.6% |
| 1998 | 24.1% | -1.1% |
| 1999 | 24.1% | +0.0% |
| 2000 | 24.6% | +2.0% |
| 2001 | 23.4% | -4.7% |
| 2002 | 22.6% | -3.5% |
| 2003 | 22.5% | -0.2% |
| 2004 | 23.0% | +2.0% |
| 2005 | 23.5% | +2.2% |
| 2006 | 24.0% | +2.2% |
| 2007 | 23.9% | -0.2% |
| 2008 | 23.4% | -2.3% |
| 2009 | 20.3% | -13.2% |
| 2010 | 21.1% | +4.0% |
| 2011 | 21.8% | +3.2% |
| 2012 | 21.7% | -0.4% |
| 2013 | 21.7% | -0.1% |
| 2014 | 22.0% | +1.6% |
| 2015 | 22.3% | +1.2% |
| 2016 | 22.1% | -0.7% |
| 2017 | 22.5% | +1.9% |
| 2018 | 22.8% | +1.4% |
| 2019 | 23.0% | +0.5% |
| 2020 | 22.7% | -0.9% |
| 2021 | 23.1% | +1.6% |
| 2022 | 23.7% | +2.7% |
| 2023 | 22.9% | -3.5% |
| 2024 | 22.5% | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26.7% | 25.1% | 28.2% | 10 |
| 1980s | 25.4% | 23.9% | 26.7% | 10 |
| 1990s | 24.6% | 24.1% | 26.3% | 10 |
| 2000s | 23.1% | 20.3% | 24.6% | 10 |
| 2010s | 22.1% | 21.1% | 23.0% | 10 |
| 2020s | 23.0% | 22.5% | 23.7% | 5 |
Countries ranked near OECD members
More economy & growth data for OECD members
- Agriculture, forestry, and fishing, value added 731.26 billion constant 2015 US$ (2024)
- Imports of goods and services 17.02 trillion constant 2015 US$ (2025)
- Imports of goods and services 3.8% (2025)
- Imports of goods and services 28.3% (2025)
- External balance on goods and services -0.1% (2025)
- Trade 56.9% (2024)
- GDP (current US$), per capita 51,734 current US$ per person (2025)
- Industry (including construction), value added 11.64 trillion constant 2015 US$ (2024)
- Industry (including construction), value added 12.98 trillion current US$ (2022)
- Manufacturing, value added 7.62 trillion constant 2015 US$ (2024)
Frequently asked questions
- What is gross capital formation in OECD members?
- Gross capital formation in OECD members was 22.5% 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 28.2% in 1974.
- What is the lowest gross capital formation recorded in OECD members?
- The lowest recorded value was 20.3% in 2009.
- How does OECD members rank for gross capital formation?
- OECD members ranks 31st 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 2.1%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.