Gross fixed capital formation (current US$) in North America
North America: Gross fixed capital formation (current US$) was 6.78 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
6.78 trillion current US$
Change on year
up 5.0%
Rank
15th
of 43 groups
All-time high
6.78 trillion current US$
in 2024
All-time low
236.80 billion current US$
in 1970
Years of data
55
1970–2024
Gross fixed capital formation in North America, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross fixed capital formation in North America is 6.78 trillion current US$, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 5.0% on the previous year and up 67.9% over ten years.
Over the whole period, gross fixed capital formation in North America peaked at 6.78 trillion current US$ in 2024 and was at its lowest, 236.80 billion current US$, in 1970.
That places North America 15th out of 43 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$) in North America, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 236.80 billion current US$ | — |
| 1971 | 265.60 billion current US$ | +12.2% |
| 1972 | 305.26 billion current US$ | +14.9% |
| 1973 | 346.97 billion current US$ | +13.7% |
| 1974 | 374.84 billion current US$ | +8.0% |
| 1975 | 390.48 billion current US$ | +4.2% |
| 1976 | 445.57 billion current US$ | +14.1% |
| 1977 | 517.42 billion current US$ | +16.1% |
| 1978 | 609.02 billion current US$ | +17.7% |
| 1979 | 699.18 billion current US$ | +14.8% |
| 1980 | 738.46 billion current US$ | +5.6% |
| 1981 | 825.86 billion current US$ | +11.8% |
| 1982 | 824.13 billion current US$ | -0.2% |
| 1983 | 886.55 billion current US$ | +7.6% |
| 1984 | 1.02 trillion current US$ | +15.1% |
| 1985 | 1.10 trillion current US$ | +8.2% |
| 1986 | 1.16 trillion current US$ | +5.2% |
| 1987 | 1.21 trillion current US$ | +4.6% |
| 1988 | 1.29 trillion current US$ | +6.4% |
| 1989 | 1.37 trillion current US$ | +6.2% |
| 1990 | 1.40 trillion current US$ | +1.9% |
| 1991 | 1.36 trillion current US$ | -2.6% |
| 1992 | 1.41 trillion current US$ | +3.3% |
| 1993 | 1.49 trillion current US$ | +5.5% |
| 1994 | 1.60 trillion current US$ | +7.6% |
| 1995 | 1.71 trillion current US$ | +6.6% |
| 1996 | 1.84 trillion current US$ | +7.9% |
| 1997 | 1.98 trillion current US$ | +7.9% |
| 1998 | 2.15 trillion current US$ | +8.2% |
| 1999 | 2.33 trillion current US$ | +8.6% |
| 2000 | 2.52 trillion current US$ | +8.0% |
| 2001 | 2.53 trillion current US$ | +0.6% |
| 2002 | 2.51 trillion current US$ | -1.1% |
| 2003 | 2.66 trillion current US$ | +6.0% |
| 2004 | 2.92 trillion current US$ | +9.8% |
| 2005 | 3.25 trillion current US$ | +11.3% |
| 2006 | 3.49 trillion current US$ | +7.3% |
| 2007 | 3.57 trillion current US$ | +2.6% |
| 2008 | 3.50 trillion current US$ | -2.0% |
| 2009 | 3.03 trillion current US$ | -13.5% |
| 2010 | 3.14 trillion current US$ | +3.5% |
| 2011 | 3.35 trillion current US$ | +6.7% |
| 2012 | 3.62 trillion current US$ | +8.2% |
| 2013 | 3.78 trillion current US$ | +4.5% |
| 2014 | 4.04 trillion current US$ | +6.7% |
| 2015 | 4.15 trillion current US$ | +2.8% |
| 2016 | 4.24 trillion current US$ | +2.1% |
| 2017 | 4.49 trillion current US$ | +6.0% |
| 2018 | 4.79 trillion current US$ | +6.7% |
| 2019 | 4.99 trillion current US$ | +4.1% |
| 2020 | 5.00 trillion current US$ | +0.2% |
| 2021 | 5.53 trillion current US$ | +10.7% |
| 2022 | 6.07 trillion current US$ | +9.6% |
| 2023 | 6.45 trillion current US$ | +6.4% |
| 2024 | 6.78 trillion current US$ | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 419.12 billion current US$ | 236.80 billion current US$ | 699.18 billion current US$ | 10 |
| 1980s | 1.04 trillion current US$ | 738.46 billion current US$ | 1.37 trillion current US$ | 10 |
| 1990s | 1.73 trillion current US$ | 1.36 trillion current US$ | 2.33 trillion current US$ | 10 |
| 2000s | 3.00 trillion current US$ | 2.51 trillion current US$ | 3.57 trillion current US$ | 10 |
| 2010s | 4.06 trillion current US$ | 3.14 trillion current US$ | 4.99 trillion current US$ | 10 |
| 2020s | 5.97 trillion current US$ | 5.00 trillion current US$ | 6.78 trillion current US$ | 5 |
Countries ranked near North America
- 12 Turkey 488.63 billion current US$ compare
- 13 Australia 437.56 billion current US$ compare
- 14 Indonesia 415.87 billion current US$ compare
- 15 Mexico 410.62 billion current US$ compare
- 16 Spain 392.89 billion current US$ compare
- 17 Saudi Arabia 384.53 billion current US$ compare
- 18 Brazil 383.92 billion current US$ compare
More economy & growth data for North America
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0142 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,224 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 30.35 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 469.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,250 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0145 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 479.40 billion BoP, current US$ (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 65,820 current US$ per person (2021)
- Services, value added (current US$), annual growth rate 10.37 % change on previous year (2021)
- Services, value added (current US$), per unit of GDP 0.7546 current US$ per US$ of GDP (2021)
Frequently asked questions
- What is gross fixed capital formation in North America?
- Gross fixed capital formation in North America was 6.78 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in North America?
- The highest recorded value was 6.78 trillion current US$ in 2024.
- What is the lowest gross fixed capital formation recorded in North America?
- The lowest recorded value was 236.80 billion current US$ in 1970.
- How does North America rank for gross fixed capital formation?
- North America ranks 15th out of 43 groups with data for 2024.
- Is gross fixed capital formation rising or falling in North America?
- Over the last ten years it is up 67.9%. The long-run trend across the full record is volatile.
- Where does this North America 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.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.