Gross fixed capital formation in China
China: Gross fixed capital formation was 7.43 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
7.43 trillion current US$
Change on year
up 0.5%
World rank
1st
of 181 countries
All-time high
7.55 trillion current US$
in 2022
All-time low
7.31 billion current US$
in 1962
Years of data
65
1960–2024
Gross fixed capital formation in China, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross fixed capital formation in China is 7.43 trillion current US$, measured in 2024.
That represents a change of up 0.5% on the previous year and up 60.4% over ten years.
Over the whole period, gross fixed capital formation in China peaked at 7.55 trillion current US$ in 2022 and was at its lowest, 7.31 billion current US$, in 1962.
China ranks 1st of 181 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in China, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 19.50 billion current US$ | — |
| 1961 | 9.51 billion current US$ | -51.2% |
| 1962 | 7.31 billion current US$ | -23.1% |
| 1963 | 9.00 billion current US$ | +23.2% |
| 1964 | 12.10 billion current US$ | +34.4% |
| 1965 | 14.54 billion current US$ | +20.2% |
| 1966 | 16.74 billion current US$ | +15.2% |
| 1967 | 13.25 billion current US$ | -20.9% |
| 1968 | 12.30 billion current US$ | -7.1% |
| 1969 | 16.72 billion current US$ | +35.9% |
| 1970 | 22.35 billion current US$ | +33.7% |
| 1971 | 24.80 billion current US$ | +10.9% |
| 1972 | 28.00 billion current US$ | +12.9% |
| 1973 | 33.64 billion current US$ | +20.2% |
| 1974 | 38.29 billion current US$ | +13.8% |
| 1975 | 47.47 billion current US$ | +24.0% |
| 1976 | 44.70 billion current US$ | -5.8% |
| 1977 | 49.20 billion current US$ | +10.1% |
| 1978 | 43.88 billion current US$ | -10.8% |
| 1979 | 50.55 billion current US$ | +15.2% |
| 1980 | 54.59 billion current US$ | +8.0% |
| 1981 | 53.39 billion current US$ | -2.2% |
| 1982 | 57.92 billion current US$ | +8.5% |
| 1983 | 65.00 billion current US$ | +12.2% |
| 1984 | 76.22 billion current US$ | +17.3% |
| 1985 | 94.18 billion current US$ | +23.6% |
| 1986 | 93.11 billion current US$ | -1.1% |
| 1987 | 83.42 billion current US$ | -10.4% |
| 1988 | 96.99 billion current US$ | +16.3% |
| 1989 | 89.05 billion current US$ | -8.2% |
| 1990 | 86.57 billion current US$ | -2.8% |
| 1991 | 100.10 billion current US$ | +15.6% |
| 1992 | 131.19 billion current US$ | +31.1% |
| 1993 | 166.61 billion current US$ | +27.0% |
| 1994 | 196.69 billion current US$ | +18.1% |
| 1995 | 240.86 billion current US$ | +22.5% |
| 1996 | 277.14 billion current US$ | +15.1% |
| 1997 | 302.43 billion current US$ | +9.1% |
| 1998 | 342.98 billion current US$ | +13.4% |
| 1999 | 360.68 billion current US$ | +5.2% |
| 2000 | 399.52 billion current US$ | +10.8% |
| 2001 | 453.39 billion current US$ | +13.5% |
| 2002 | 521.26 billion current US$ | +15.0% |
| 2003 | 641.31 billion current US$ | +23.0% |
| 2004 | 780.79 billion current US$ | +21.7% |
| 2005 | 910.11 billion current US$ | +16.6% |
| 2006 | 1.08 trillion current US$ | +18.2% |
| 2007 | 1.36 trillion current US$ | +26.3% |
| 2008 | 1.81 trillion current US$ | +33.4% |
| 2009 | 2.25 trillion current US$ | +24.4% |
| 2010 | 2.70 trillion current US$ | +19.6% |
| 2011 | 3.34 trillion current US$ | +23.9% |
| 2012 | 3.81 trillion current US$ | +14.0% |
| 2013 | 4.29 trillion current US$ | +12.8% |
| 2014 | 4.63 trillion current US$ | +7.8% |
| 2015 | 4.69 trillion current US$ | +1.4% |
| 2016 | 4.71 trillion current US$ | +0.2% |
| 2017 | 5.19 trillion current US$ | +10.3% |
| 2018 | 6.00 trillion current US$ | +15.5% |
| 2019 | 6.15 trillion current US$ | +2.6% |
| 2020 | 6.28 trillion current US$ | +2.0% |
| 2021 | 7.53 trillion current US$ | +19.9% |
| 2022 | 7.55 trillion current US$ | +0.3% |
| 2023 | 7.39 trillion current US$ | -2.1% |
| 2024 | 7.43 trillion current US$ | +0.5% |
China compared with similar countries
- China's 7.43 trillion current US$ is above the median for upper middle income countries, which is 10.71 billion current US$, 693.3× the median. (51 countries reporting)
- China's 7.43 trillion current US$ is above the median for East Asia & Pacific, which is 6.21 billion current US$, 1195.0× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.10 billion current US$ | 7.31 billion current US$ | 19.50 billion current US$ | 10 |
| 1970s | 38.29 billion current US$ | 22.35 billion current US$ | 50.55 billion current US$ | 10 |
| 1980s | 76.39 billion current US$ | 53.39 billion current US$ | 96.99 billion current US$ | 10 |
| 1990s | 220.52 billion current US$ | 86.57 billion current US$ | 360.68 billion current US$ | 10 |
| 2000s | 1.02 trillion current US$ | 399.52 billion current US$ | 2.25 trillion current US$ | 10 |
| 2010s | 4.55 trillion current US$ | 2.70 trillion current US$ | 6.15 trillion current US$ | 10 |
| 2020s | 7.23 trillion current US$ | 6.28 trillion current US$ | 7.55 trillion current US$ | 5 |
Countries ranked near China
More economy & growth data for China
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.46 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.31 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 157.21 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0081 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 111.77 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 79.98 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 87.54 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 56.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 8.47 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in China?
- Gross fixed capital formation in China was 7.43 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in China?
- The highest recorded value was 7.55 trillion current US$ in 2022.
- What is the lowest gross fixed capital formation recorded in China?
- The lowest recorded value was 7.31 billion current US$ in 1962.
- How does China rank for gross fixed capital formation?
- China ranks 1st out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in China?
- Over the last ten years it is up 60.4%. The long-run trend across the full record is volatile.
- Where does this China data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross fixed capital formation (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.