Gross fixed capital formation in North America
North America: Gross fixed capital formation was 3.3% in 2024. ◆ Volatile
Gross fixed capital formation in North America, 1971–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
North America recorded 3.3% for gross fixed capital formation in 2024.
Compared with earlier readings it is down 4.5% on the previous year and down 41.0% over ten years.
Over the whole period, gross fixed capital formation in North America peaked at 13.8% in 1984 and was at its lowest, -12.4%, in 2009.
That places North America 12th out of 31 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in North America, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 6.0% | — |
| 1972 | 10.4% | +72.8% |
| 1973 | 7.2% | -31.1% |
| 1974 | -3.1% | -143.0% |
| 1975 | -6.2% | +100.7% |
| 1976 | 7.9% | -226.9% |
| 1977 | 9.5% | +20.9% |
| 1978 | 9.8% | +3.1% |
| 1979 | 5.8% | -41.2% |
| 1980 | -3.4% | -159.2% |
| 1981 | 2.6% | -177.1% |
| 1982 | -5.6% | -312.7% |
| 1983 | 6.5% | -215.7% |
| 1984 | 13.8% | +113.7% |
| 1985 | 7.1% | -48.4% |
| 1986 | 3.2% | -54.9% |
| 1987 | 2.4% | -25.5% |
| 1988 | 2.9% | +22.6% |
| 1989 | 3.1% | +7.2% |
| 1990 | -0.4% | -113.9% |
| 1991 | -4.1% | +841.1% |
| 1992 | 3.4% | -183.2% |
| 1993 | 4.5% | +32.3% |
| 1994 | 6.2% | +35.8% |
| 1995 | 4.6% | -25.3% |
| 1996 | 7.5% | +63.1% |
| 1997 | 7.5% | +0.5% |
| 1998 | 8.8% | +16.7% |
| 1999 | 8.1% | -8.2% |
| 2000 | 6.3% | -22.0% |
| 2001 | -0.0% | -100.5% |
| 2002 | -1.5% | +4765.9% |
| 2003 | 4.3% | -390.8% |
| 2004 | 6.2% | +43.4% |
| 2005 | 6.3% | +2.0% |
| 2006 | 3.0% | -52.8% |
| 2007 | -0.2% | -108.4% |
| 2008 | -3.7% | +1371.3% |
| 2009 | -12.4% | +237.5% |
| 2010 | 3.2% | -125.4% |
| 2011 | 4.6% | +46.7% |
| 2012 | 6.7% | +44.7% |
| 2013 | 3.8% | -43.2% |
| 2014 | 5.5% | +45.1% |
| 2015 | 3.5% | -37.3% |
| 2016 | 2.2% | -35.6% |
| 2017 | 4.2% | +88.2% |
| 2018 | 4.8% | +14.5% |
| 2019 | 2.8% | -42.6% |
| 2020 | -1.0% | -137.4% |
| 2021 | 5.8% | -665.6% |
| 2022 | 1.8% | -69.7% |
| 2023 | 3.4% | +93.4% |
| 2024 | 3.3% | -4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.2% | -6.2% | 10.4% | 9 |
| 1980s | 3.3% | -5.6% | 13.8% | 10 |
| 1990s | 4.6% | -4.1% | 8.8% | 10 |
| 2000s | 0.8% | -12.4% | 6.3% | 10 |
| 2010s | 4.1% | 2.2% | 6.7% | 10 |
| 2020s | 2.6% | -1.0% | 5.8% | 5 |
Countries ranked near North America
- 9 Nicaragua 21.3% compare
- 10 Kyrgyzstan 21.1% compare
- 11 Bahamas 20.7% compare
- 12 Sierra Leone 19.7% compare
- 13 Syria 19.5% compare
- 14 Marshall Islands 19.0% compare
- 15 Chad 18.8% compare
More economy & growth data for North America
- Services, value added 19.44 trillion current US$ (2021)
- External balance on goods and services -2.8% (2024)
- Trade 28.5% (2024)
- Manufacturing, value added 2.69 trillion current US$ (2021)
- Manufacturing, value added 10.4% (2021)
- Industry (including construction), value added 4.69 trillion current US$ (2021)
- Trade in services 7.5% (2025)
- GDP 25.12 trillion constant 2015 US$ (2025)
- GDP 33.10 trillion current US$ (2025)
- Gross value added at basic prices (GVA) 24.38 trillion current US$ (2021)
Frequently asked questions
- What is gross fixed capital formation in North America?
- Gross fixed capital formation in North America was 3.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in North America?
- The highest recorded value was 13.8% in 1984.
- What is the lowest gross fixed capital formation recorded in North America?
- The lowest recorded value was -12.4% in 2009.
- How does North America rank for gross fixed capital formation?
- North America ranks 12th out of 31 groups with data for 2024.
- Is gross fixed capital formation rising or falling in North America?
- Over the last ten years it is down 41.0%. The long-run trend across the full record is volatile.
- Where does this North America data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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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.