Gross fixed capital formation in United States
United States: Gross fixed capital formation was 3.5% in 2024. ◆ Volatile
Gross fixed capital formation in United States, 1971–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for gross fixed capital formation in United States is 3.5%, measured in 2024.
The figure is down 8.5% on the previous year and down 41.1% over ten years.
Over the whole period, gross fixed capital formation in United States peaked at 15.0% in 1984 and was at its lowest, -12.5%, in 2009.
That places United States 98th out of 166 countries 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 United States, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 5.9% | — |
| 1972 | 11.0% | +87.3% |
| 1973 | 7.1% | -35.9% |
| 1974 | -3.9% | -155.2% |
| 1975 | -7.3% | +87.0% |
| 1976 | 8.0% | -210.0% |
| 1977 | 10.3% | +28.6% |
| 1978 | 10.7% | +3.1% |
| 1979 | 5.7% | -46.5% |
| 1980 | -4.3% | -175.3% |
| 1981 | 1.9% | -144.4% |
| 1982 | -5.0% | -360.3% |
| 1983 | 7.3% | -246.2% |
| 1984 | 15.0% | +106.8% |
| 1985 | 7.0% | -53.3% |
| 1986 | 3.1% | -55.1% |
| 1987 | 1.8% | -43.8% |
| 1988 | 2.3% | +30.8% |
| 1989 | 2.9% | +26.7% |
| 1990 | -0.1% | -103.6% |
| 1991 | -4.1% | +3816.6% |
| 1992 | 4.1% | -199.8% |
| 1993 | 5.1% | +24.3% |
| 1994 | 6.1% | +19.8% |
| 1995 | 5.2% | -15.5% |
| 1996 | 7.7% | +48.5% |
| 1997 | 7.2% | -6.2% |
| 1998 | 9.3% | +29.4% |
| 1999 | 8.3% | -10.4% |
| 2000 | 6.4% | -23.1% |
| 2001 | -0.4% | -106.6% |
| 2002 | -1.7% | +300.8% |
| 2003 | 4.2% | -349.9% |
| 2004 | 6.0% | +41.4% |
| 2005 | 6.1% | +1.1% |
| 2006 | 2.7% | -55.9% |
| 2007 | -0.6% | -121.6% |
| 2008 | -4.2% | +626.5% |
| 2009 | -12.5% | +197.7% |
| 2010 | 2.3% | -118.0% |
| 2011 | 4.6% | +105.0% |
| 2012 | 6.9% | +49.4% |
| 2013 | 4.1% | -41.0% |
| 2014 | 5.9% | +44.5% |
| 2015 | 4.4% | -25.3% |
| 2016 | 2.9% | -34.0% |
| 2017 | 4.3% | +47.2% |
| 2018 | 5.0% | +17.6% |
| 2019 | 2.9% | -41.7% |
| 2020 | -0.8% | -126.9% |
| 2021 | 5.6% | -807.0% |
| 2022 | 1.9% | -65.6% |
| 2023 | 3.8% | +97.6% |
| 2024 | 3.5% | -8.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.3% | -7.3% | 11.0% | 9 |
| 1980s | 3.2% | -5.0% | 15.0% | 10 |
| 1990s | 4.9% | -4.1% | 9.3% | 10 |
| 2000s | 0.6% | -12.5% | 6.4% | 10 |
| 2010s | 4.3% | 2.3% | 6.9% | 10 |
| 2020s | 2.8% | -0.8% | 5.6% | 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)
- Services, value added (current US$), annual growth rate 9.94 % change on previous year (2021)
- Services, value added (current US$), per unit of GDP 0.7626 current US$ per US$ of GDP (2021)
- Services, value added (current US$), per capita 54,478 current US$ per person (2021)
- Services, value added (current LCU), annual growth rate 9.94 % change on previous year (2021)
- Services, value added (current LCU), per unit of GDP 0.7626 current LCU per US$ of GDP (2021)
- Services, value added (current LCU), per capita 54,478 current LCU per person (2021)
- GDP deflator (base year varies by country), annual growth rate 2.8 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.53 % change on previous year (2021)
Frequently asked questions
- What is gross fixed capital formation in United States?
- Gross fixed capital formation in United States was 3.5% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in United States?
- The highest recorded value was 15.0% in 1984.
- What is the lowest gross fixed capital formation recorded in United States?
- The lowest recorded value was -12.5% in 2009.
- How does United States rank for gross fixed capital formation?
- United States ranks 98th out of 166 countries with data for 2024.
- Is gross fixed capital formation rising or falling in United States?
- Over the last ten years it is down 41.1%. 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 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.