Gross fixed capital formation (current US$) by country
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price...
Countries reporting
176
Highest
7.43 trillion current US$
China
Lowest
65.14 million current US$
Marshall Islands
Median
10.72 billion current US$
Years covered
66
1960–2025
Data points
10,305
What the numbers show
Gross fixed capital formation (current US$) is currently reported for 176 countries. The highest value is 7.43 trillion current US$ in China; the lowest is 65.14 million current US$ in Marshall Islands.
The median across all reporting countries is 10.72 billion current US$, and the mean is 162.87 billion current US$.
Over the past decade 145 countries rose and 29 fell. The largest increase was in Guinea (up 412.0%), and the largest decrease in Lebanon (down 96.8%).
Gross fixed capital formation: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | China | 7.43 trillion current US$ | 2024 | up 60.4% | volatile |
| 2 | United States | 6.26 trillion current US$ | 2024 | up 74.0% | volatile |
| 3 | India | 1.25 trillion current US$ | 2025 | up 107.3% | volatile |
| 4 | Japan | 1.17 trillion current US$ | 2024 | down 11.5% | rising |
| 5 | Germany | 1.03 trillion current US$ | 2025 | up 51.7% | volatile |
| 6 | United Kingdom | 755.83 billion current US$ | 2025 | up 43.0% | volatile |
| 7 | France | 741.24 billion current US$ | 2025 | up 47.6% | volatile |
| 8 | Russia | 591.40 billion current US$ | 2025 | up 110.4% | volatile |
| 9 | Italy | 557.13 billion current US$ | 2025 | up 76.7% | volatile |
| 10 | Canada | 531.31 billion current US$ | 2025 | up 43.1% | volatile |
| 11 | South Korea | 530.44 billion current US$ | 2025 | up 18.1% | volatile |
| 12 | Turkey | 488.63 billion current US$ | 2025 | up 88.1% | volatile |
| 13 | Australia | 437.56 billion current US$ | 2025 | up 23.5% | volatile |
| 14 | Indonesia | 415.87 billion current US$ | 2025 | up 47.2% | volatile |
| 15 | Mexico | 410.62 billion current US$ | 2025 | up 46.1% | volatile |
| 16 | Spain | 392.89 billion current US$ | 2025 | up 78.0% | volatile |
| 17 | Saudi Arabia | 384.53 billion current US$ | 2025 | up 89.8% | volatile |
| 18 | Brazil | 383.92 billion current US$ | 2025 | up 19.4% | volatile |
| 19 | Switzerland | 271.28 billion current US$ | 2025 | up 45.0% | volatile |
| 20 | Netherlands | 263.85 billion current US$ | 2025 | up 56.0% | volatile |
| 21 | Poland | 176.33 billion current US$ | 2025 | up 81.5% | rising |
| 22 | Belgium | 173.35 billion current US$ | 2025 | up 62.4% | volatile |
| 23 | Sweden | 168.78 billion current US$ | 2025 | up 44.8% | volatile |
| 25 | Vietnam | 150.32 billion current US$ | 2025 | up 108.2% | volatile |
| 26 | Israel | 145.39 billion current US$ | 2025 | up 125.4% | volatile |
| 27 | Austria | 136.33 billion current US$ | 2025 | up 56.9% | volatile |
| 28 | Singapore | 133.36 billion current US$ | 2025 | up 59.1% | volatile |
| 29 | Thailand | 130.77 billion current US$ | 2025 | up 32.9% | volatile |
| 30 | Bangladesh | 130.24 billion current US$ | 2025 | up 131.0% | volatile |
| 31 | Norway | 124.08 billion current US$ | 2025 | up 28.2% | volatile |
| 32 | Algeria | 113.08 billion current US$ | 2025 | up 40.9% | volatile |
| 33 | Philippines | 110.75 billion current US$ | 2025 | up 62.6% | volatile |
| 34 | Romania | 109.78 billion current US$ | 2025 | up 147.6% | volatile |
| 35 | Argentina | 109.30 billion current US$ | 2025 | up 18.1% | volatile |
| 36 | Iran | 104.45 billion current US$ | 2025 | up 0.6% | volatile |
| 37 | Czechia | 103.26 billion current US$ | 2025 | up 112.7% | volatile |
| 38 | Denmark | 101.06 billion current US$ | 2025 | up 69.1% | volatile |
| 39 | Malaysia | 100.74 billion current US$ | 2025 | up 29.2% | volatile |
| 40 | Chile | 86.08 billion current US$ | 2025 | up 39.4% | volatile |
| 41 | United Arab Emirates | 73.31 billion current US$ | 2009 | up 238.2% | rising |
| 42 | Colombia | 73.23 billion current US$ | 2025 | up 6.7% | volatile |
| 43 | Hong Kong | 72.38 billion current US$ | 2025 | up 4.4% | volatile |
| 44 | Portugal | 71.74 billion current US$ | 2025 | up 130.2% | volatile |
| 45 | Kazakhstan | 70.88 billion current US$ | 2024 | up 48.5% | volatile |
| 46 | Finland | 69.22 billion current US$ | 2025 | up 38.6% | volatile |
| 47 | Peru | 68.70 billion current US$ | 2025 | up 56.8% | volatile |
| 48 | New Zealand | 61.12 billion current US$ | 2024 | up 34.2% | volatile |
| 49 | South Africa | 59.29 billion current US$ | 2025 | down 5.0% | volatile |
| 50 | Hungary | 54.09 billion current US$ | 2025 | up 93.7% | volatile |
| 51 | Pakistan | 51.21 billion current US$ | 2025 | up 21.1% | volatile |
| 52 | Uzbekistan | 50.01 billion current US$ | 2025 | up 148.0% | volatile |
| 53 | Morocco | 48.89 billion current US$ | 2025 | up 71.1% | volatile |
| 54 | Greece | 47.37 billion current US$ | 2025 | up 118.2% | volatile |
| 55 | Egypt | 42.75 billion current US$ | 2025 | down 4.9% | volatile |
| 56 | Ukraine | 41.49 billion current US$ | 2025 | up 236.4% | volatile |
| 57 | Iraq | 40.15 billion current US$ | 2024 | down 16.2% | volatile |
| 58 | Tanzania | 38.06 billion current US$ | 2025 | up 151.9% | volatile |
| 59 | Slovakia | 31.73 billion current US$ | 2025 | up 46.3% | volatile |
| 60 | Dominican Republic | 31.69 billion current US$ | 2025 | up 97.8% | volatile |
| 61 | Oman | 27.36 billion current US$ | 2024 | down 1.1% | volatile |
| 62 | Panama | 27.17 billion current US$ | 2024 | up 31.4% | volatile |
| 63 | Croatia | 27.04 billion current US$ | 2025 | up 177.7% | rising |
| 64 | Kuwait | 26.95 billion current US$ | 2024 | up 1.3% | volatile |
| 65 | Bulgaria | 26.33 billion current US$ | 2025 | up 148.6% | volatile |
| 66 | Democratic Republic of Congo | 26.21 billion current US$ | 2025 | up 148.4% | volatile |
| 67 | Ecuador | 25.98 billion current US$ | 2025 | up 18.6% | volatile |
| 68 | Ethiopia | 25.42 billion current US$ | 2025 | up 0.7% | rising |
| 69 | Kenya | 24.36 billion current US$ | 2025 | up 57.2% | volatile |
| 70 | Belarus | 23.43 billion current US$ | 2025 | up 44.8% | volatile |
| 71 | Serbia | 22.83 billion current US$ | 2025 | up 229.0% | volatile |
| 72 | Sri Lanka | 22.61 billion current US$ | 2025 | down 6.0% | volatile |
| 73 | Lithuania | 21.84 billion current US$ | 2025 | up 168.3% | volatile |
| 74 | Guatemala | 20.60 billion current US$ | 2025 | up 128.2% | volatile |
| 75 | Cote d'Ivoire | 20.00 billion current US$ | 2025 | up 85.3% | volatile |
| 76 | Puerto Rico | 17.97 billion current US$ | 2025 | up 104.2% | volatile |
| 77 | Slovenia | 16.83 billion current US$ | 2025 | up 108.3% | rising |
| 78 | Costa Rica | 16.73 billion current US$ | 2025 | up 56.1% | volatile |
| 79 | Cambodia | 15.85 billion current US$ | 2025 | up 126.0% | volatile |
| 81 | Bahrain | 13.63 billion current US$ | 2024 | up 50.3% | volatile |
| 82 | Uganda | 13.55 billion current US$ | 2025 | up 79.8% | volatile |
| 83 | Uruguay | 13.52 billion current US$ | 2025 | up 18.4% | volatile |
| 84 | Azerbaijan | 12.37 billion current US$ | 2025 | down 16.2% | volatile |
| 85 | Latvia | 11.41 billion current US$ | 2025 | up 94.2% | volatile |
| 86 | Cameroon | 11.40 billion current US$ | 2025 | up 90.1% | volatile |
| 87 | Estonia | 11.39 billion current US$ | 2025 | up 103.2% | volatile |
| 88 | Angola | 10.95 billion current US$ | 2024 | down 74.9% | volatile |
| 89 | Guinea | 10.79 billion current US$ | 2025 | up 412.0% | volatile |
| 90 | Nepal | 10.72 billion current US$ | 2025 | up 59.7% | volatile |
| 91 | Paraguay | 10.71 billion current US$ | 2025 | up 52.5% | volatile |
| 92 | Senegal | 10.63 billion current US$ | 2025 | up 159.8% | volatile |
| 93 | Cuba | 10.54 billion current US$ | 2020 | up 104.6% | rising |
| 94 | Iceland | 10.29 billion current US$ | 2025 | up 204.0% | volatile |
| 95 | El Salvador | 9.98 billion current US$ | 2025 | up 171.3% | volatile |
| 96 | Honduras | 9.24 billion current US$ | 2025 | up 86.0% | volatile |
| 97 | Bolivia | 9.12 billion current US$ | 2024 | up 31.7% | volatile |
| 98 | Benin | 8.70 billion current US$ | 2025 | up 272.9% | volatile |
| 99 | Cyprus | 8.26 billion current US$ | 2025 | up 223.3% | volatile |
| 100 | Turkmenistan | 8.24 billion current US$ | 2025 | down 51.3% | volatile |
| 101 | Ghana | 8.11 billion current US$ | 2024 | down 43.8% | volatile |
| 102 | Tunisia | 7.82 billion current US$ | 2024 | down 27.8% | volatile |
| 103 | Albania | 7.41 billion current US$ | 2025 | up 147.7% | volatile |
| 104 | Georgia | 7.25 billion current US$ | 2025 | up 99.2% | volatile |
| 105 | Bosnia and Herzegovina | 7.25 billion current US$ | 2024 | up 66.8% | rising |
| 106 | Mongolia | 7.11 billion current US$ | 2025 | up 234.7% | volatile |
| 107 | Libya | 6.86 billion current US$ | 2025 | down 17.6% | volatile |
| 108 | Mali | 6.52 billion current US$ | 2025 | up 76.0% | volatile |
| 109 | Armenia | 6.26 billion current US$ | 2025 | up 187.9% | volatile |
| 110 | Macao | 6.21 billion current US$ | 2025 | down 44.4% | volatile |
| 111 | Kyrgyzstan | 5.83 billion current US$ | 2025 | up 167.7% | volatile |
| 112 | Botswana | 5.62 billion current US$ | 2025 | up 53.4% | volatile |
| 113 | Nicaragua | 5.47 billion current US$ | 2025 | up 46.6% | rising |
| 114 | Zambia | 5.47 billion current US$ | 2024 | down 35.1% | flat |
| 115 | Gabon | 5.32 billion current US$ | 2025 | up 26.5% | volatile |
| 116 | Rwanda | 5.27 billion current US$ | 2025 | up 157.2% | volatile |
| 118 | Trinidad and Tobago | 4.75 billion current US$ | 2023 | down 19.9% | rising |
| 119 | Congo | 4.74 billion current US$ | 2025 | down 51.1% | volatile |
| 120 | Jordan | 4.70 billion current US$ | 2007 | up 151.6% | volatile |
| 121 | Burkina Faso | 4.62 billion current US$ | 2025 | up 104.0% | volatile |
| 122 | Laos | 4.62 billion current US$ | 2016 | up 344.3% | volatile |
| 123 | Venezuela | 4.56 billion current US$ | 2025 | down 79.1% | volatile |
| 124 | Niger | 4.53 billion current US$ | 2025 | up 43.6% | volatile |
| 125 | Moldova | 4.49 billion current US$ | 2025 | up 139.4% | volatile |
| 126 | Tajikistan | 4.36 billion current US$ | 2024 | up 82.8% | volatile |
| 127 | Madagascar | 4.13 billion current US$ | 2025 | up 92.3% | volatile |
| 128 | Palestine | 4.11 billion current US$ | 2025 | up 24.5% | volatile |
| 129 | Bahamas | 4.08 billion current US$ | 2024 | up 20.9% | volatile |
| 130 | Brunei | 4.05 billion current US$ | 2025 | down 10.7% | volatile |
| 131 | North Macedonia | 3.98 billion current US$ | 2024 | up 49.7% | volatile |
| 132 | Haiti | 3.87 billion current US$ | 2025 | up 86.4% | volatile |
| 133 | Somalia | 3.65 billion current US$ | 2025 | up 351.7% | volatile |
| 134 | Chad | 3.52 billion current US$ | 2025 | up 8.6% | volatile |
| 135 | Zimbabwe | 3.29 billion current US$ | 2024 | up 75.7% | volatile |
| 136 | Namibia | 3.24 billion current US$ | 2025 | down 7.6% | volatile |
| 137 | Mauritius | 3.19 billion current US$ | 2025 | up 57.2% | volatile |
| 138 | Mauritania | 3.15 billion current US$ | 2025 | up 48.6% | volatile |
| 139 | Afghanistan | 3.03 billion current US$ | 2024 | — | rising |
| 140 | Maldives | 2.46 billion current US$ | 2024 | up 148.9% | rising |
| 141 | Montenegro | 2.06 billion current US$ | 2025 | up 148.2% | volatile |
| 142 | Togo | 2.04 billion current US$ | 2023 | up 69.8% | volatile |
| 143 | New Caledonia | 1.89 billion current US$ | 2024 | down 49.2% | rising |
| 144 | Sierra Leone | 1.73 billion current US$ | 2025 | up 43.1% | volatile |
| 145 | Suriname | 1.64 billion current US$ | 2010 | — | rising |
| 146 | Bhutan | 1.41 billion current US$ | 2024 | up 23.6% | volatile |
| 147 | French Polynesia | 1.39 billion current US$ | 2024 | up 20.1% | flat |
| 148 | Yemen | 1.33 billion current US$ | 2018 | down 67.8% | falling |
| 149 | Fiji | 1.20 billion current US$ | 2024 | up 28.2% | volatile |
| 150 | Djibouti | 1.18 billion current US$ | 2025 | up 60.1% | rising |
| 151 | Greenland | 1.15 billion current US$ | 2023 | up 42.7% | rising |
| 152 | Syria | 1.05 billion current US$ | 2022 | down 80.9% | volatile |
| 153 | Gambia | 1.05 billion current US$ | 2025 | up 273.5% | volatile |
| 154 | Curacao | 1.04 billion current US$ | 2018 | up 30.5% | rising |
| 155 | Bermuda | 1.01 billion current US$ | 2024 | up 30.8% | rising |
| 156 | Equatorial Guinea | 817.03 million current US$ | 2025 | down 74.7% | volatile |
| 157 | Lesotho | 794.97 million current US$ | 2025 | up 18.9% | volatile |
| 158 | Eswatini | 780.84 million current US$ | 2024 | up 12.5% | rising |
| 159 | Papua New Guinea | 712.14 million current US$ | 2004 | down 31.2% | volatile |
| 160 | South Sudan | 689.96 million current US$ | 2015 | down 65.6% | falling |
| 161 | Belize | 677.06 million current US$ | 2024 | up 92.3% | volatile |
| 162 | Guinea-Bissau | 563.56 million current US$ | 2025 | up 202.0% | volatile |
| 163 | East Timor | 503.86 million current US$ | 2024 | down 15.3% | volatile |
| 164 | Central African Republic | 453.25 million current US$ | 2025 | up 29.9% | volatile |
| 165 | Seychelles | 446.64 million current US$ | 2025 | up 16.0% | volatile |
| 166 | Sudan | 441.77 million current US$ | 2025 | down 93.3% | volatile |
| 167 | Lebanon | 375.26 million current US$ | 2024 | down 96.8% | volatile |
| 168 | Samoa | 370.66 million current US$ | 2025 | up 29.1% | rising |
| 169 | San Marino | 342.26 million current US$ | 2023 | up 39.4% | rising |
| 170 | Vanuatu | 316.29 million current US$ | 2024 | up 139.9% | volatile |
| 171 | Solomon Islands | 308.25 million current US$ | 2024 | up 65.8% | volatile |
| 172 | Guyana | 266.72 million current US$ | 2005 | up 29.1% | volatile |
| 173 | Eritrea | 260.73 million current US$ | 2011 | down 1.7% | rising |
| 174 | Comoros | 214.98 million current US$ | 2025 | up 64.9% | volatile |
| 175 | Tonga | 169.33 million current US$ | 2024 | up 77.8% | volatile |
| 176 | Palau | 115.22 million current US$ | 2024 | up 45.5% | rising |
| 177 | Kiribati | 99.64 million current US$ | 2024 | up 77.0% | rising |
| 178 | Sao Tome and Principe | 85.07 million current US$ | 2025 | up 126.9% | rising |
| 179 | Marshall Islands | 65.14 million current US$ | 2024 | up 75.4% | rising |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- World 28.61 trillion current US$
- High income 16.03 trillion current US$
- OECD members 15.18 trillion current US$
- Post-demographic dividend 14.03 trillion current US$
- IDA & IBRD total 13.52 trillion current US$
- IBRD only 12.66 trillion current US$
- Low & middle income 12.63 trillion current US$
- Middle income 12.49 trillion current US$
- East Asia & Pacific 10.99 trillion current US$
- Upper middle income 10.46 trillion current US$
- Late-demographic dividend 9.86 trillion current US$
- East Asia & Pacific (excluding high income) 8.38 trillion current US$
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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.