Gross fixed capital formation in Japan
Japan: Gross fixed capital formation was 1.25 trillion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
1.25 trillion constant 2015 US$
Change on year
down 0.6%
World rank
2nd
of 161 countries
All-time high
1.37 trillion constant 2015 US$
in 1991
All-time low
555.21 billion constant 2015 US$
in 1970
Years of data
55
1970–2024
Gross fixed capital formation in Japan, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Japan recorded 1.25 trillion constant 2015 US$ for gross fixed capital formation in 2024.
That represents a change of down 0.6% on the previous year and up 7.6% over ten years.
Over the whole period, gross fixed capital formation in Japan peaked at 1.37 trillion constant 2015 US$ in 1991 and was at its lowest, 555.21 billion constant 2015 US$, in 1970.
Japan ranks 2nd of 161 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Gross fixed capital formation in Japan, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 555.21 billion constant 2015 US$ | — |
| 1971 | 581.35 billion constant 2015 US$ | +4.7% |
| 1972 | 639.97 billion constant 2015 US$ | +10.1% |
| 1973 | 713.98 billion constant 2015 US$ | +11.6% |
| 1974 | 653.24 billion constant 2015 US$ | -8.5% |
| 1975 | 648.80 billion constant 2015 US$ | -0.7% |
| 1976 | 667.61 billion constant 2015 US$ | +2.9% |
| 1977 | 686.64 billion constant 2015 US$ | +2.8% |
| 1978 | 741.05 billion constant 2015 US$ | +7.9% |
| 1979 | 784.75 billion constant 2015 US$ | +5.9% |
| 1980 | 781.72 billion constant 2015 US$ | -0.4% |
| 1981 | 799.15 billion constant 2015 US$ | +2.2% |
| 1982 | 798.19 billion constant 2015 US$ | -0.1% |
| 1983 | 804.16 billion constant 2015 US$ | +0.7% |
| 1984 | 836.74 billion constant 2015 US$ | +4.1% |
| 1985 | 882.56 billion constant 2015 US$ | +5.5% |
| 1986 | 941.74 billion constant 2015 US$ | +6.7% |
| 1987 | 1.03 trillion constant 2015 US$ | +9.8% |
| 1988 | 1.17 trillion constant 2015 US$ | +12.8% |
| 1989 | 1.25 trillion constant 2015 US$ | +7.2% |
| 1990 | 1.33 trillion constant 2015 US$ | +6.3% |
| 1991 | 1.37 trillion constant 2015 US$ | +2.9% |
| 1992 | 1.33 trillion constant 2015 US$ | -2.5% |
| 1993 | 1.27 trillion constant 2015 US$ | -4.9% |
| 1994 | 1.24 trillion constant 2015 US$ | -2.2% |
| 1995 | 1.27 trillion constant 2015 US$ | +2.2% |
| 1996 | 1.35 trillion constant 2015 US$ | +6.4% |
| 1997 | 1.34 trillion constant 2015 US$ | -0.5% |
| 1998 | 1.27 trillion constant 2015 US$ | -5.6% |
| 1999 | 1.25 trillion constant 2015 US$ | -1.1% |
| 2000 | 1.27 trillion constant 2015 US$ | +1.2% |
| 2001 | 1.25 trillion constant 2015 US$ | -1.5% |
| 2002 | 1.19 trillion constant 2015 US$ | -4.4% |
| 2003 | 1.18 trillion constant 2015 US$ | -1.0% |
| 2004 | 1.18 trillion constant 2015 US$ | +0.2% |
| 2005 | 1.22 trillion constant 2015 US$ | +2.9% |
| 2006 | 1.23 trillion constant 2015 US$ | +0.7% |
| 2007 | 1.21 trillion constant 2015 US$ | -1.1% |
| 2008 | 1.17 trillion constant 2015 US$ | -3.7% |
| 2009 | 1.05 trillion constant 2015 US$ | -10.5% |
| 2010 | 1.03 trillion constant 2015 US$ | -1.6% |
| 2011 | 1.04 trillion constant 2015 US$ | +1.4% |
| 2012 | 1.08 trillion constant 2015 US$ | +3.4% |
| 2013 | 1.12 trillion constant 2015 US$ | +3.5% |
| 2014 | 1.16 trillion constant 2015 US$ | +4.1% |
| 2015 | 1.20 trillion constant 2015 US$ | +2.9% |
| 2016 | 1.20 trillion constant 2015 US$ | +0.7% |
| 2017 | 1.22 trillion constant 2015 US$ | +1.6% |
| 2018 | 1.24 trillion constant 2015 US$ | +1.3% |
| 2019 | 1.26 trillion constant 2015 US$ | +1.7% |
| 2020 | 1.22 trillion constant 2015 US$ | -3.5% |
| 2021 | 1.23 trillion constant 2015 US$ | +1.0% |
| 2022 | 1.23 trillion constant 2015 US$ | +0.5% |
| 2023 | 1.26 trillion constant 2015 US$ | +1.9% |
| 2024 | 1.25 trillion constant 2015 US$ | -0.6% |
Japan compared with similar countries
- Japan's 1.25 trillion constant 2015 US$ is above the median for high income countries, which is 50.87 billion constant 2015 US$, 24.6× the median. (57 countries reporting)
- Japan's 1.25 trillion constant 2015 US$ is above the median for East Asia & Pacific, which is 9.80 billion constant 2015 US$, 127.6× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 667.26 billion constant 2015 US$ | 555.21 billion constant 2015 US$ | 784.75 billion constant 2015 US$ | 10 |
| 1980s | 929.52 billion constant 2015 US$ | 781.72 billion constant 2015 US$ | 1.25 trillion constant 2015 US$ | 10 |
| 1990s | 1.30 trillion constant 2015 US$ | 1.24 trillion constant 2015 US$ | 1.37 trillion constant 2015 US$ | 10 |
| 2000s | 1.19 trillion constant 2015 US$ | 1.05 trillion constant 2015 US$ | 1.27 trillion constant 2015 US$ | 10 |
| 2010s | 1.16 trillion constant 2015 US$ | 1.03 trillion constant 2015 US$ | 1.26 trillion constant 2015 US$ | 10 |
| 2020s | 1.24 trillion constant 2015 US$ | 1.22 trillion constant 2015 US$ | 1.26 trillion constant 2015 US$ | 5 |
Countries ranked near Japan
- 1 United States 5.02 trillion constant 2015 US$ compare
- 3 India 1.15 trillion constant 2015 US$ compare
- 4 Germany 703.36 billion constant 2015 US$ compare
- 5 United Kingdom 664.11 billion constant 2015 US$ compare
More economy & growth data for Japan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.03 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.4463 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 217.76 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0491 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,765 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 45.81 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 142.69 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0103 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 371.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 11.44 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Japan?
- Gross fixed capital formation in Japan was 1.25 trillion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Japan?
- The highest recorded value was 1.37 trillion constant 2015 US$ in 1991.
- What is the lowest gross fixed capital formation recorded in Japan?
- The lowest recorded value was 555.21 billion constant 2015 US$ in 1970.
- How does Japan rank for gross fixed capital formation?
- Japan ranks 2nd out of 161 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Japan?
- Over the last ten years it is up 7.6%. The long-run trend across the full record is rising.
- Where does this Japan data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.