Gross fixed capital formation (current US$) in United States
United States: Gross fixed capital formation (current US$) was 6.26 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
6.26 trillion current US$
Change on year
up 5.2%
World rank
2nd
of 181 countries
All-time high
6.26 trillion current US$
in 2024
All-time low
217.46 billion current US$
in 1970
Years of data
55
1970–2024
Gross fixed capital formation in United States, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross fixed capital formation in United States is 6.26 trillion current US$, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 5.2% on the previous year and up 74.0% over ten years.
Over the whole period, gross fixed capital formation in United States peaked at 6.26 trillion current US$ in 2024 and was at its lowest, 217.46 billion current US$, in 1970.
United States ranks 2nd of 181 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$) in United States, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 217.46 billion current US$ | — |
| 1971 | 242.89 billion current US$ | +11.7% |
| 1972 | 279.72 billion current US$ | +15.2% |
| 1973 | 316.69 billion current US$ | +13.2% |
| 1974 | 336.70 billion current US$ | +6.3% |
| 1975 | 347.91 billion current US$ | +3.3% |
| 1976 | 395.75 billion current US$ | +13.8% |
| 1977 | 467.45 billion current US$ | +18.1% |
| 1978 | 558.15 billion current US$ | +19.4% |
| 1979 | 641.77 billion current US$ | +15.0% |
| 1980 | 672.38 billion current US$ | +4.8% |
| 1981 | 748.76 billion current US$ | +11.4% |
| 1982 | 752.89 billion current US$ | +0.6% |
| 1983 | 814.43 billion current US$ | +8.2% |
| 1984 | 947.87 billion current US$ | +16.4% |
| 1985 | 1.03 trillion current US$ | +8.4% |
| 1986 | 1.08 trillion current US$ | +5.2% |
| 1987 | 1.12 trillion current US$ | +3.6% |
| 1988 | 1.18 trillion current US$ | +5.1% |
| 1989 | 1.24 trillion current US$ | +5.6% |
| 1990 | 1.27 trillion current US$ | +2.2% |
| 1991 | 1.24 trillion current US$ | -2.4% |
| 1992 | 1.29 trillion current US$ | +4.4% |
| 1993 | 1.38 trillion current US$ | +6.6% |
| 1994 | 1.49 trillion current US$ | +7.9% |
| 1995 | 1.59 trillion current US$ | +7.2% |
| 1996 | 1.72 trillion current US$ | +8.0% |
| 1997 | 1.85 trillion current US$ | +7.6% |
| 1998 | 2.02 trillion current US$ | +8.9% |
| 1999 | 2.19 trillion current US$ | +8.8% |
| 2000 | 2.37 trillion current US$ | +8.1% |
| 2001 | 2.39 trillion current US$ | +0.5% |
| 2002 | 2.35 trillion current US$ | -1.3% |
| 2003 | 2.48 trillion current US$ | +5.2% |
| 2004 | 2.70 trillion current US$ | +9.1% |
| 2005 | 2.99 trillion current US$ | +10.6% |
| 2006 | 3.18 trillion current US$ | +6.4% |
| 2007 | 3.23 trillion current US$ | +1.5% |
| 2008 | 3.14 trillion current US$ | -2.9% |
| 2009 | 2.72 trillion current US$ | -13.2% |
| 2010 | 2.76 trillion current US$ | +1.2% |
| 2011 | 2.92 trillion current US$ | +6.1% |
| 2012 | 3.17 trillion current US$ | +8.5% |
| 2013 | 3.33 trillion current US$ | +5.1% |
| 2014 | 3.60 trillion current US$ | +7.8% |
| 2015 | 3.78 trillion current US$ | +5.1% |
| 2016 | 3.89 trillion current US$ | +2.9% |
| 2017 | 4.12 trillion current US$ | +5.9% |
| 2018 | 4.40 trillion current US$ | +6.9% |
| 2019 | 4.59 trillion current US$ | +4.4% |
| 2020 | 4.61 trillion current US$ | +0.4% |
| 2021 | 5.05 trillion current US$ | +9.5% |
| 2022 | 5.56 trillion current US$ | +10.0% |
| 2023 | 5.95 trillion current US$ | +7.0% |
| 2024 | 6.26 trillion current US$ | +5.2% |
United States compared with similar countries
- United States's 6.26 trillion current US$ is above the median for high income countries, which is 50.73 billion current US$, 123.3× the median. (64 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 380.45 billion current US$ | 217.46 billion current US$ | 641.77 billion current US$ | 10 |
| 1980s | 958.37 billion current US$ | 672.38 billion current US$ | 1.24 trillion current US$ | 10 |
| 1990s | 1.60 trillion current US$ | 1.24 trillion current US$ | 2.19 trillion current US$ | 10 |
| 2000s | 2.76 trillion current US$ | 2.35 trillion current US$ | 3.23 trillion current US$ | 10 |
| 2010s | 3.66 trillion current US$ | 2.76 trillion current US$ | 4.59 trillion current US$ | 10 |
| 2020s | 5.48 trillion current US$ | 4.61 trillion current US$ | 6.26 trillion current US$ | 5 |
Countries ranked near United States
More economy & growth data for United States
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.26 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0057 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 509.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.7205 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0041 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 371.72 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 0.9623 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in United States?
- Gross fixed capital formation in United States was 6.26 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in United States?
- The highest recorded value was 6.26 trillion current US$ in 2024.
- What is the lowest gross fixed capital formation recorded in United States?
- The lowest recorded value was 217.46 billion current US$ in 1970.
- How does United States rank for gross fixed capital formation?
- United States ranks 2nd out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in United States?
- Over the last ten years it is up 74.0%. The long-run trend across the full record is volatile.
- Where does this United States 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.