Gross fixed capital formation (current US$) in OECD members
OECD members: Gross fixed capital formation (current US$) was 15.18 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
15.18 trillion current US$
Change on year
up 2.6%
Rank
3rd
of 43 groups
All-time high
15.18 trillion current US$
in 2024
All-time low
597.05 billion current US$
in 1970
Years of data
55
1970–2024
Gross fixed capital formation in OECD members, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross fixed capital formation in OECD members stood at 15.18 trillion current US$. That is the highest value across all 55 years on record.
That represents a change of up 2.6% on the previous year and up 39.1% over ten years.
Over the whole period, gross fixed capital formation in OECD members peaked at 15.18 trillion current US$ in 2024 and was at its lowest, 597.05 billion current US$, in 1970.
OECD members ranks 3rd of 43 groups on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$) in OECD members, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 597.05 billion current US$ | — |
| 1971 | 669.31 billion current US$ | +12.1% |
| 1972 | 798.06 billion current US$ | +19.2% |
| 1973 | 997.63 billion current US$ | +25.0% |
| 1974 | 1.10 trillion current US$ | +10.1% |
| 1975 | 1.18 trillion current US$ | +7.1% |
| 1976 | 1.26 trillion current US$ | +7.2% |
| 1977 | 1.44 trillion current US$ | +14.4% |
| 1978 | 1.78 trillion current US$ | +23.6% |
| 1979 | 2.09 trillion current US$ | +17.1% |
| 1980 | 2.30 trillion current US$ | +10.3% |
| 1981 | 2.30 trillion current US$ | +0.1% |
| 1982 | 2.17 trillion current US$ | -5.6% |
| 1983 | 2.19 trillion current US$ | +0.9% |
| 1984 | 2.32 trillion current US$ | +5.6% |
| 1985 | 2.46 trillion current US$ | +6.2% |
| 1986 | 3.01 trillion current US$ | +22.4% |
| 1987 | 3.53 trillion current US$ | +17.1% |
| 1988 | 4.09 trillion current US$ | +16.0% |
| 1989 | 4.33 trillion current US$ | +5.9% |
| 1990 | 4.84 trillion current US$ | +11.7% |
| 1991 | 5.00 trillion current US$ | +3.2% |
| 1992 | 5.22 trillion current US$ | +4.4% |
| 1993 | 5.22 trillion current US$ | +0.0% |
| 1994 | 5.57 trillion current US$ | +6.8% |
| 1995 | 6.16 trillion current US$ | +10.5% |
| 1996 | 6.24 trillion current US$ | +1.3% |
| 1997 | 6.05 trillion current US$ | -3.0% |
| 1998 | 6.04 trillion current US$ | -0.3% |
| 1999 | 6.42 trillion current US$ | +6.4% |
| 2000 | 6.67 trillion current US$ | +3.8% |
| 2001 | 6.39 trillion current US$ | -4.1% |
| 2002 | 6.42 trillion current US$ | +0.4% |
| 2003 | 7.15 trillion current US$ | +11.3% |
| 2004 | 8.04 trillion current US$ | +12.5% |
| 2005 | 8.70 trillion current US$ | +8.2% |
| 2006 | 9.33 trillion current US$ | +7.2% |
| 2007 | 10.17 trillion current US$ | +9.1% |
| 2008 | 10.63 trillion current US$ | +4.5% |
| 2009 | 9.14 trillion current US$ | -14.0% |
| 2010 | 9.42 trillion current US$ | +3.1% |
| 2011 | 10.32 trillion current US$ | +9.5% |
| 2012 | 10.44 trillion current US$ | +1.2% |
| 2013 | 10.55 trillion current US$ | +1.0% |
| 2014 | 10.91 trillion current US$ | +3.5% |
| 2015 | 10.41 trillion current US$ | -4.6% |
| 2016 | 10.67 trillion current US$ | +2.5% |
| 2017 | 11.28 trillion current US$ | +5.6% |
| 2018 | 12.03 trillion current US$ | +6.7% |
| 2019 | 12.29 trillion current US$ | +2.2% |
| 2020 | 12.06 trillion current US$ | -1.9% |
| 2021 | 13.41 trillion current US$ | +11.2% |
| 2022 | 13.83 trillion current US$ | +3.1% |
| 2023 | 14.79 trillion current US$ | +7.0% |
| 2024 | 15.18 trillion current US$ | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.19 trillion current US$ | 597.05 billion current US$ | 2.09 trillion current US$ | 10 |
| 1980s | 2.87 trillion current US$ | 2.17 trillion current US$ | 4.33 trillion current US$ | 10 |
| 1990s | 5.68 trillion current US$ | 4.84 trillion current US$ | 6.42 trillion current US$ | 10 |
| 2000s | 8.26 trillion current US$ | 6.39 trillion current US$ | 10.63 trillion current US$ | 10 |
| 2010s | 10.83 trillion current US$ | 9.42 trillion current US$ | 12.29 trillion current US$ | 10 |
| 2020s | 13.86 trillion current US$ | 12.06 trillion current US$ | 15.18 trillion current US$ | 5 |
Countries ranked near OECD members
More economy & growth data for OECD members
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0107 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1456 constant 2015 US$ per US$ of GDP (2024)
- General government final consumption expenditure (constant 2015 US$) 2.7 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 8,471 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1733 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$) 5.65 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 554.27 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 779.17 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.09 trillion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0151 BoP, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in OECD members?
- Gross fixed capital formation in OECD members was 15.18 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in OECD members?
- The highest recorded value was 15.18 trillion current US$ in 2024.
- What is the lowest gross fixed capital formation recorded in OECD members?
- The lowest recorded value was 597.05 billion current US$ in 1970.
- How does OECD members rank for gross fixed capital formation?
- OECD members ranks 3rd out of 43 groups with data for 2024.
- Is gross fixed capital formation rising or falling in OECD members?
- Over the last ten years it is up 39.1%. The long-run trend across the full record is volatile.
- Where does this OECD members 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
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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.