Gross fixed capital formation in OECD members
OECD members: Gross fixed capital formation was 12.72 trillion constant 2015 US$ in 2024. β² Rising
Gross fixed capital formation in OECD members, 1970β2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross fixed capital formation in OECD members is 12.72 trillion constant 2015 US$, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 1.0% on the previous year and up 26.8% over ten years.
Over the whole period, gross fixed capital formation in OECD members peaked at 12.72 trillion constant 2015 US$ in 2024 and was at its lowest, 3.17 trillion constant 2015 US$, in 1970.
That places OECD members 3rd out of 32 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.71 trillion constant 2015 US$ | 3.17 trillion constant 2015 US$ | 4.32 trillion constant 2015 US$ | 10 |
| 1980s | 4.84 trillion constant 2015 US$ | 4.23 trillion constant 2015 US$ | 5.96 trillion constant 2015 US$ | 10 |
| 1990s | 6.72 trillion constant 2015 US$ | 6.15 trillion constant 2015 US$ | 7.88 trillion constant 2015 US$ | 10 |
| 2000s | 8.90 trillion constant 2015 US$ | 8.19 trillion constant 2015 US$ | 9.86 trillion constant 2015 US$ | 10 |
| 2010s | 10.25 trillion constant 2015 US$ | 8.84 trillion constant 2015 US$ | 11.76 trillion constant 2015 US$ | 10 |
| 2020s | 12.19 trillion constant 2015 US$ | 11.39 trillion constant 2015 US$ | 12.72 trillion constant 2015 US$ | 5 |
Countries ranked near OECD members
- 1 United States 5.02 trillion constant 2015 US$ compare
- 2 Japan 1.25 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
- 6 France 592.76 billion constant 2015 US$ compare
More economy & growth data for OECD members
- Final consumption expenditure 52.86 trillion current US$ (2024)
- Households and NPISHs Final consumption expenditure per capita growth 1.3% (2024)
- Manufacturing, value added 7.62 trillion current US$ (2022)
- Agriculture, forestry, and fishing, value added 0.7% (2024)
- Households and NPISHs final consumption expenditure 60.1% (2024)
- Final consumption expenditure 2.2% (2024)
- Gross national expenditure 56.77 trillion constant 2015 US$ (2024)
- Gross national expenditure 68.20 trillion current US$ (2024)
- Households and NPISHs Final consumption expenditure per capita 24,690 constant 2015 US$ (2024)
- Final consumption expenditure 44.42 trillion constant 2015 US$ (2024)
Frequently asked questions
- What is gross fixed capital formation in OECD members?
- Gross fixed capital formation in OECD members was 12.72 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 OECD members?
- The highest recorded value was 12.72 trillion constant 2015 US$ in 2024.
- What is the lowest gross fixed capital formation recorded in OECD members?
- The lowest recorded value was 3.17 trillion constant 2015 US$ in 1970.
- How does OECD members rank for gross fixed capital formation?
- OECD members ranks 3rd out of 32 groups with data for 2024.
- Is gross fixed capital formation rising or falling in OECD members?
- Over the last ten years it is up 26.8%. The long-run trend across the full record is rising.
- Where does this OECD members 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 Β· JSON β 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.