Gross fixed capital formation (annual % growth) by country
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year...
Countries reporting
166
Highest
466.9%
Eritrea
Lowest
-39.8%
Iraq
Median
4.6%
Years covered
65
1961–2025
Data points
8,106
What the numbers show
Gross fixed capital formation (annual % growth) is currently reported for 166 countries. The highest value is 466.9% in Eritrea; the lowest is -39.8% in Iraq.
The median across all reporting countries is 4.6%, and the mean is 8.7%.
The gap between the highest and lowest reporting country is a factor of about 12.
Over the past decade 89 countries rose and 77 fell. The largest increase was in Israel (up 10,443.8%), and the largest decrease in Iraq (down 705.5%).
Gross fixed capital formation: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Eritrea | 466.9% | 2011 | up 531.1% | volatile |
| 2 | Yemen | 181.8% | 2018 | up 2,670.8% | volatile |
| 3 | Ireland | 42.6% | 2025 | down 23.4% | volatile |
| 4 | Timor-Leste | 41.7% | 2024 | up 579.3% | volatile |
| 5 | Kiribati | 27.1% | 2024 | up 1,384.7% | volatile |
| 6 | Guinea | 26.0% | 2025 | up 179.7% | volatile |
| 7 | El Salvador | 22.6% | 2025 | up 151.1% | volatile |
| 8 | Sao Tome and Principe | 22.2% | 2025 | up 369.0% | volatile |
| 9 | Nicaragua | 21.3% | 2025 | up 25.3% | volatile |
| 10 | Kyrgyzstan | 21.1% | 2025 | up 463.2% | volatile |
| 11 | Bahamas | 20.7% | 2024 | up 67.4% | volatile |
| 12 | Sierra Leone | 19.7% | 2025 | up 168.9% | volatile |
| 13 | Syrian Arab Republic | 19.5% | 2022 | up 138.0% | volatile |
| 14 | Marshall Islands | 19.0% | 2024 | up 200.6% | volatile |
| 15 | Chad | 18.8% | 2025 | up 266.0% | volatile |
| 16 | Republic of Moldova | 16.9% | 2025 | up 450.2% | volatile |
| 17 | Argentina | 16.4% | 2025 | up 372.4% | volatile |
| 18 | Armenia | 15.6% | 2025 | up 524.0% | volatile |
| 19 | Vanuatu | 14.2% | 2024 | up 451.3% | volatile |
| 20 | Samoa | 14.1% | 2025 | up 524.5% | volatile |
| 21 | Ghana | 13.8% | 2024 | up 170.8% | volatile |
| 22 | Sri Lanka | 13.7% | 2025 | up 2.6% | volatile |
| 23 | Pakistan | 13.2% | 2025 | down 3.6% | volatile |
| 24 | Djibouti | 12.9% | 2025 | down 34.6% | volatile |
| 25 | Morocco | 12.8% | 2024 | up 1,121.2% | volatile |
| 26 | Palau | 12.6% | 2024 | down 69.0% | volatile |
| 27 | Madagascar | 12.3% | 2025 | up 1,068.7% | volatile |
| 28 | Paraguay | 12.2% | 2025 | up 696.9% | volatile |
| 29 | Algeria | 12.2% | 2025 | up 134.1% | volatile |
| 30 | Guatemala | 11.3% | 2025 | up 831.3% | volatile |
| 31 | Gabon | 11.3% | 2025 | up 172.2% | volatile |
| 32 | Montenegro | 11.0% | 2025 | down 6.9% | volatile |
| 33 | Rwanda | 10.9% | 2025 | down 42.2% | volatile |
| 34 | Ukraine | 10.9% | 2025 | up 218.2% | volatile |
| 35 | Benin | 10.7% | 2025 | up 115.3% | volatile |
| 36 | Côte d'Ivoire | 10.5% | 2025 | down 34.2% | volatile |
| 37 | Uzbekistan | 10.5% | 2025 | up 11.6% | volatile |
| 38 | Bosnia and Herzegovina | 10.2% | 2024 | down 15.5% | volatile |
| 39 | Belarus | 10.0% | 2025 | up 164.7% | volatile |
| 40 | Peru | 9.9% | 2025 | up 237.6% | volatile |
| 41 | Latvia | 9.8% | 2025 | up 425.7% | volatile |
| 42 | Malaysia | 9.6% | 2025 | up 166.0% | volatile |
| 43 | Mali | 9.6% | 2025 | up 68.4% | volatile |
| 44 | Tonga | 9.2% | 2024 | down 12.3% | volatile |
| 45 | United Arab Emirates | 9.1% | 2009 | up 56.0% | volatile |
| 46 | Tanzania, United Republic of | 9.0% | 2025 | up 27.5% | volatile |
| 47 | Mongolia | 9.0% | 2025 | up 129.5% | volatile |
| 48 | Greece | 8.9% | 2025 | up 4,789.9% | volatile |
| 49 | Somalia | 8.7% | 2025 | down 24.3% | volatile |
| 50 | Viet Nam | 8.6% | 2025 | down 12.2% | volatile |
| 51 | Libya | 8.6% | 2025 | up 122.9% | volatile |
| 52 | Israel | 8.4% | 2025 | up 10,443.8% | volatile |
| 53 | Gambia | 8.3% | 2025 | down 74.9% | volatile |
| 54 | Cameroon | 8.2% | 2025 | up 350.4% | volatile |
| 55 | Lithuania | 8.0% | 2025 | up 87.5% | volatile |
| 56 | Burkina Faso | 7.9% | 2025 | down 50.5% | volatile |
| 57 | Mauritania | 7.7% | 2025 | up 185.3% | volatile |
| 58 | Uganda | 7.2% | 2025 | up 1,429.3% | volatile |
| 59 | Oman | 7.1% | 2024 | up 163.2% | volatile |
| 60 | India | 7.1% | 2025 | up 8.5% | volatile |
| 61 | Lao People's Democratic Republic | 7.0% | 2016 | down 74.4% | volatile |
| 62 | Chile | 7.0% | 2025 | up 6,418.2% | volatile |
| 63 | Kosovo | 7.0% | 2024 | up 456.8% | volatile |
| 64 | Türkiye | 7.0% | 2025 | down 20.4% | volatile |
| 65 | Lesotho | 6.6% | 2025 | up 15.3% | volatile |
| 66 | Kazakhstan | 6.5% | 2024 | up 47.7% | volatile |
| 67 | Bahrain | 6.5% | 2024 | up 10.5% | volatile |
| 68 | Singapore | 6.1% | 2025 | up 213.6% | volatile |
| 69 | Croatia | 6.1% | 2025 | down 33.2% | volatile |
| 70 | Belize | 5.9% | 2024 | down 65.8% | volatile |
| 71 | Senegal | 5.8% | 2025 | down 0.8% | volatile |
| 72 | Spain | 5.8% | 2025 | up 9.3% | volatile |
| 73 | Bhutan | 5.7% | 2024 | up 202.4% | volatile |
| 74 | Kenya | 5.6% | 2025 | up 3,692.1% | volatile |
| 75 | Ecuador | 5.6% | 2025 | up 171.5% | volatile |
| 76 | Maldives | 5.4% | 2024 | down 54.3% | volatile |
| 77 | Indonesia | 5.1% | 2025 | up 1.6% | volatile |
| 78 | Tajikistan | 5.1% | 2013 | down 83.7% | volatile |
| 79 | Albania | 5.0% | 2025 | up 122.7% | volatile |
| 80 | Congo | 5.0% | 2025 | down 78.2% | volatile |
| 81 | North Macedonia | 5.0% | 2024 | up 24.0% | volatile |
| 82 | Thailand | 4.9% | 2025 | up 12.4% | volatile |
| 83 | Palestine, State of | 4.7% | 2025 | down 67.3% | volatile |
| 84 | Sudan | 4.5% | 2025 | up 2,349.1% | volatile |
| 85 | Poland | 4.3% | 2025 | down 36.1% | volatile |
| 86 | Hong Kong, China | 4.3% | 2025 | up 236.4% | volatile |
| 87 | Tunisia | 4.3% | 2025 | up 1,413.6% | volatile |
| 88 | United Kingdom | 4.3% | 2025 | down 37.0% | volatile |
| 89 | Slovenia | 4.1% | 2025 | up 759.6% | volatile |
| 90 | Iceland | 4.0% | 2025 | down 81.0% | volatile |
| 91 | Costa Rica | 3.9% | 2025 | up 10.7% | volatile |
| 92 | Comoros | 3.8% | 2025 | up 17.1% | volatile |
| 93 | Guinea-Bissau | 3.7% | 2025 | up 41.6% | volatile |
| 94 | Cambodia | 3.7% | 2025 | down 63.7% | volatile |
| 95 | Cuba | 3.7% | 2024 | up 236.5% | volatile |
| 96 | Portugal | 3.6% | 2025 | down 40.4% | volatile |
| 97 | Italy | 3.5% | 2025 | up 78.0% | volatile |
| 98 | United States | 3.5% | 2024 | down 41.1% | volatile |
| 99 | Romania | 3.4% | 2025 | down 46.7% | volatile |
| 100 | Ethiopia | 3.4% | 2025 | down 86.9% | volatile |
| 101 | Bermuda | 3.3% | 2024 | up 170.6% | volatile |
| 102 | Estonia | 3.2% | 2025 | up 201.3% | volatile |
| 103 | Brazil | 2.9% | 2025 | up 121.0% | volatile |
| 104 | Angola | 2.6% | 2024 | down 20.1% | volatile |
| 105 | Czechia | 2.4% | 2025 | down 72.5% | volatile |
| 106 | Panama | 2.4% | 2024 | down 72.3% | volatile |
| 107 | Slovak Republic | 2.2% | 2025 | down 89.2% | volatile |
| 108 | Solomon Islands | 2.1% | 2024 | up 131.7% | volatile |
| 109 | Central African Republic | 2.1% | 2025 | down 56.1% | volatile |
| 110 | Sweden | 2.0% | 2025 | down 71.2% | volatile |
| 111 | Puerto Rico | 2.0% | 2025 | up 154.5% | volatile |
| 112 | Australia | 1.6% | 2025 | up 142.8% | volatile |
| 113 | Canada | 1.4% | 2025 | up 127.1% | volatile |
| 114 | Azerbaijan | 1.4% | 2014 | down 94.5% | volatile |
| 115 | Austria | 1.4% | 2025 | down 33.5% | volatile |
| 116 | Colombia | 1.3% | 2025 | down 52.4% | volatile |
| 117 | Norway | 1.3% | 2025 | up 136.1% | volatile |
| 118 | Zimbabwe | 1.2% | 2024 | down 90.6% | volatile |
| 119 | Netherlands | 1.1% | 2025 | down 96.2% | volatile |
| 120 | Serbia | 0.8% | 2025 | down 84.6% | volatile |
| 121 | Philippines | 0.8% | 2025 | down 94.4% | volatile |
| 122 | Finland | 0.8% | 2025 | up 345.4% | volatile |
| 123 | France | 0.5% | 2025 | down 11.4% | volatile |
| 124 | Uruguay | 0.3% | 2025 | up 102.9% | volatile |
| 125 | Eswatini | 0.3% | 2024 | up 161.0% | volatile |
| 126 | Belgium | 0.1% | 2025 | down 96.7% | volatile |
| 127 | Cyprus | 0.0% | 2025 | up 100.1% | volatile |
| 128 | Bulgaria | 0.0% | 2025 | up 100.0% | volatile |
| 129 | Malta | -0.1% | 2025 | down 100.1% | volatile |
| 130 | Honduras | -0.1% | 2025 | down 101.0% | volatile |
| 131 | Germany | -0.2% | 2025 | down 110.2% | volatile |
| 132 | Russia | -0.4% | 2025 | up 96.5% | volatile |
| 133 | Luxembourg | -0.5% | 2025 | up 94.4% | volatile |
| 134 | Papua New Guinea | -0.5% | 2004 | down 107.7% | volatile |
| 135 | Switzerland | -0.5% | 2025 | down 121.6% | volatile |
| 136 | Japan | -0.6% | 2024 | down 113.9% | volatile |
| 137 | Seychelles | -0.7% | 2025 | down 168.6% | volatile |
| 138 | Botswana | -1.2% | 2025 | down 133.2% | volatile |
| 139 | Saudi Arabia | -1.7% | 2025 | down 139.1% | volatile |
| 140 | South Africa | -2.2% | 2025 | down 263.6% | volatile |
| 141 | Bangladesh | -2.5% | 2025 | down 134.5% | falling |
| 142 | Hungary | -2.8% | 2025 | down 157.5% | volatile |
| 143 | Georgia | -2.8% | 2025 | down 118.6% | volatile |
| 144 | Dominican Republic | -3.0% | 2025 | down 116.5% | volatile |
| 145 | Mauritius | -3.1% | 2025 | up 43.4% | volatile |
| 146 | Korea | -3.2% | 2025 | down 161.2% | volatile |
| 147 | Denmark | -3.5% | 2025 | down 187.5% | volatile |
| 148 | Niger | -3.7% | 2025 | down 130.4% | volatile |
| 149 | Greenland | -3.8% | 2023 | up 83.0% | volatile |
| 150 | Nepal | -4.1% | 2025 | down 127.1% | volatile |
| 151 | San Marino | -4.7% | 2023 | down 134.7% | volatile |
| 152 | New Zealand | -4.9% | 2024 | down 160.0% | volatile |
| 153 | Venezuela, Bolivarian Republic of | -5.1% | 2025 | up 75.0% | volatile |
| 154 | Brunei Darussalam | -6.0% | 2025 | down 192.4% | volatile |
| 155 | Egypt | -6.2% | 2025 | down 131.1% | volatile |
| 156 | Mexico | -6.3% | 2025 | down 242.7% | volatile |
| 157 | Macau, China | -7.8% | 2025 | down 243.8% | volatile |
| 158 | Namibia | -8.3% | 2025 | down 64.4% | volatile |
| 159 | Equatorial Guinea | -10.7% | 2025 | up 72.7% | volatile |
| 160 | Bolivia, Plurinational State of | -10.9% | 2024 | down 209.5% | volatile |
| 161 | Iran, Islamic Republic of | -14.4% | 2025 | down 1.9% | volatile |
| 162 | Haiti | -15.3% | 2025 | down 36.3% | volatile |
| 163 | Congo, Democratic Republic of the | -16.4% | 2025 | down 15.1% | volatile |
| 164 | Togo | -19.8% | 2023 | down 242.5% | volatile |
| 165 | Lebanon | -31.6% | 2024 | down 508.2% | volatile |
| 166 | Iraq | -39.8% | 2024 | down 705.5% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Europe & Central Asia (excluding high income) 7.7%
- Lower middle income 6.3%
- South Asia 6.3%
- South Asia (IDA & IBRD) 6.3%
- IDA total 5.2%
- Heavily indebted poor countries (HIPC) 5.2%
- Europe & Central Asia (IDA & IBRD countries) 4.0%
- Early-demographic dividend 3.9%
- Sub-Saharan Africa (excluding high income) 3.6%
- Sub-Saharan Africa 3.6%
- Sub-Saharan Africa (IDA & IBRD countries) 3.6%
- North America 3.3%
About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.