Gross fixed capital formation in North America
North America: Gross fixed capital formation was 5.42 trillion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
5.42 trillion constant 2015 US$
Change on year
up 3.3%
Rank
6th
of 31 groups
All-time high
5.42 trillion constant 2015 US$
in 2024
All-time low
895.87 billion constant 2015 US$
in 1970
Years of data
55
1970–2024
Gross fixed capital formation in North America, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross fixed capital formation in North America stood at 5.42 trillion constant 2015 US$. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.3% on the previous year and up 35.1% over ten years.
Over the whole period, gross fixed capital formation in North America peaked at 5.42 trillion constant 2015 US$ in 2024 and was at its lowest, 895.87 billion constant 2015 US$, in 1970.
North America ranks 6th of 31 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross fixed capital formation in North America, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 895.87 billion constant 2015 US$ | — |
| 1971 | 949.84 billion constant 2015 US$ | +6.0% |
| 1972 | 1.05 trillion constant 2015 US$ | +10.4% |
| 1973 | 1.12 trillion constant 2015 US$ | +7.2% |
| 1974 | 1.09 trillion constant 2015 US$ | -3.1% |
| 1975 | 1.02 trillion constant 2015 US$ | -6.2% |
| 1976 | 1.10 trillion constant 2015 US$ | +7.9% |
| 1977 | 1.21 trillion constant 2015 US$ | +9.5% |
| 1978 | 1.32 trillion constant 2015 US$ | +9.8% |
| 1979 | 1.40 trillion constant 2015 US$ | +5.8% |
| 1980 | 1.35 trillion constant 2015 US$ | -3.4% |
| 1981 | 1.39 trillion constant 2015 US$ | +2.6% |
| 1982 | 1.31 trillion constant 2015 US$ | -5.6% |
| 1983 | 1.40 trillion constant 2015 US$ | +6.5% |
| 1984 | 1.59 trillion constant 2015 US$ | +13.8% |
| 1985 | 1.70 trillion constant 2015 US$ | +7.1% |
| 1986 | 1.76 trillion constant 2015 US$ | +3.2% |
| 1987 | 1.80 trillion constant 2015 US$ | +2.4% |
| 1988 | 1.85 trillion constant 2015 US$ | +2.9% |
| 1989 | 1.91 trillion constant 2015 US$ | +3.1% |
| 1990 | 1.90 trillion constant 2015 US$ | -0.4% |
| 1991 | 1.82 trillion constant 2015 US$ | -4.1% |
| 1992 | 1.89 trillion constant 2015 US$ | +3.4% |
| 1993 | 1.97 trillion constant 2015 US$ | +4.5% |
| 1994 | 2.09 trillion constant 2015 US$ | +6.2% |
| 1995 | 2.19 trillion constant 2015 US$ | +4.6% |
| 1996 | 2.35 trillion constant 2015 US$ | +7.5% |
| 1997 | 2.53 trillion constant 2015 US$ | +7.5% |
| 1998 | 2.75 trillion constant 2015 US$ | +8.8% |
| 1999 | 2.98 trillion constant 2015 US$ | +8.1% |
| 2000 | 3.16 trillion constant 2015 US$ | +6.3% |
| 2001 | 3.16 trillion constant 2015 US$ | -0.0% |
| 2002 | 3.12 trillion constant 2015 US$ | -1.5% |
| 2003 | 3.25 trillion constant 2015 US$ | +4.3% |
| 2004 | 3.45 trillion constant 2015 US$ | +6.2% |
| 2005 | 3.67 trillion constant 2015 US$ | +6.3% |
| 2006 | 3.78 trillion constant 2015 US$ | +3.0% |
| 2007 | 3.77 trillion constant 2015 US$ | -0.2% |
| 2008 | 3.63 trillion constant 2015 US$ | -3.7% |
| 2009 | 3.18 trillion constant 2015 US$ | -12.4% |
| 2010 | 3.28 trillion constant 2015 US$ | +3.2% |
| 2011 | 3.43 trillion constant 2015 US$ | +4.6% |
| 2012 | 3.66 trillion constant 2015 US$ | +6.7% |
| 2013 | 3.80 trillion constant 2015 US$ | +3.8% |
| 2014 | 4.01 trillion constant 2015 US$ | +5.5% |
| 2015 | 4.15 trillion constant 2015 US$ | +3.5% |
| 2016 | 4.24 trillion constant 2015 US$ | +2.2% |
| 2017 | 4.42 trillion constant 2015 US$ | +4.2% |
| 2018 | 4.63 trillion constant 2015 US$ | +4.8% |
| 2019 | 4.76 trillion constant 2015 US$ | +2.8% |
| 2020 | 4.71 trillion constant 2015 US$ | -1.0% |
| 2021 | 4.99 trillion constant 2015 US$ | +5.8% |
| 2022 | 5.07 trillion constant 2015 US$ | +1.8% |
| 2023 | 5.25 trillion constant 2015 US$ | +3.4% |
| 2024 | 5.42 trillion constant 2015 US$ | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.12 trillion constant 2015 US$ | 895.87 billion constant 2015 US$ | 1.40 trillion constant 2015 US$ | 10 |
| 1980s | 1.61 trillion constant 2015 US$ | 1.31 trillion constant 2015 US$ | 1.91 trillion constant 2015 US$ | 10 |
| 1990s | 2.25 trillion constant 2015 US$ | 1.82 trillion constant 2015 US$ | 2.98 trillion constant 2015 US$ | 10 |
| 2000s | 3.42 trillion constant 2015 US$ | 3.12 trillion constant 2015 US$ | 3.78 trillion constant 2015 US$ | 10 |
| 2010s | 4.04 trillion constant 2015 US$ | 3.28 trillion constant 2015 US$ | 4.76 trillion constant 2015 US$ | 10 |
| 2020s | 5.09 trillion constant 2015 US$ | 4.71 trillion constant 2015 US$ | 5.42 trillion constant 2015 US$ | 5 |
Countries ranked near North America
- 3 India 1.15 trillion constant 2015 US$ compare
- 4 Germany 703.36 billion constant 2015 US$ compare
- 5 United Kingdom of Great Britain and Northern Ireland 664.11 billion constant 2015 US$ compare
- 6 France 592.76 billion constant 2015 US$ compare
- 7 Republic of Korea 519.10 billion constant 2015 US$ compare
- 8 Italy 474.73 billion constant 2015 US$ compare
- 9 Australia 417.59 billion constant 2015 US$ compare
More economy & growth data for North America
- Households and NPISHs Final consumption expenditure 21.16 trillion current US$ (2024)
- Final consumption expenditure 25.64 trillion current US$ (2024)
- Households and NPISHs final consumption expenditure 67.0% (2024)
- Imports of goods and services 5.0% (2024)
- Imports of goods and services 15.4% (2024)
- Households and NPISHs Final consumption expenditure per capita growth 1.7% (2024)
- Households and NPISHs Final consumption expenditure per capita 43,939 constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 2.9% (2024)
- Households and NPISHs Final consumption expenditure 16.76 trillion constant 2015 US$ (2024)
- Manufacturing, value added 2.69 trillion current US$ (2021)
Frequently asked questions
- What is gross fixed capital formation in North America?
- Gross fixed capital formation in North America was 5.42 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 North America?
- The highest recorded value was 5.42 trillion constant 2015 US$ in 2024.
- What is the lowest gross fixed capital formation recorded in North America?
- The lowest recorded value was 895.87 billion constant 2015 US$ in 1970.
- How does North America rank for gross fixed capital formation?
- North America ranks 6th 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 up 35.1%. The long-run trend across the full record is rising.
- Where does this North America 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.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.