Gross fixed capital formation in World
World: Gross fixed capital formation was 28.61 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
28.61 trillion current US$
Change on year
up 2.6%
Rank
1st
of 43 groups
All-time high
28.61 trillion current US$
in 2024
All-time low
729.96 billion current US$
in 1970
Years of data
55
1970–2024
Gross fixed capital formation in World, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross fixed capital formation in World is 28.61 trillion current US$, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 2.6% on the previous year and up 43.0% over ten years.
Over the whole period, gross fixed capital formation in World peaked at 28.61 trillion current US$ in 2024 and was at its lowest, 729.96 billion current US$, in 1970.
That places World 1st out of 43 groups with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in World, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 729.96 billion current US$ | — |
| 1971 | 820.14 billion current US$ | +12.4% |
| 1972 | 973.00 billion current US$ | +18.6% |
| 1973 | 1.22 trillion current US$ | +25.3% |
| 1974 | 1.37 trillion current US$ | +12.5% |
| 1975 | 1.51 trillion current US$ | +9.9% |
| 1976 | 1.64 trillion current US$ | +8.4% |
| 1977 | 1.88 trillion current US$ | +14.7% |
| 1978 | 2.28 trillion current US$ | +21.5% |
| 1979 | 2.63 trillion current US$ | +15.5% |
| 1980 | 2.94 trillion current US$ | +11.5% |
| 1981 | 2.98 trillion current US$ | +1.4% |
| 1982 | 2.86 trillion current US$ | -4.0% |
| 1983 | 2.88 trillion current US$ | +0.6% |
| 1984 | 3.00 trillion current US$ | +4.4% |
| 1985 | 3.15 trillion current US$ | +5.0% |
| 1986 | 3.78 trillion current US$ | +19.9% |
| 1987 | 4.34 trillion current US$ | +14.7% |
| 1988 | 4.99 trillion current US$ | +15.0% |
| 1989 | 5.30 trillion current US$ | +6.3% |
| 1990 | 5.84 trillion current US$ | +10.2% |
| 1991 | 5.97 trillion current US$ | +2.2% |
| 1992 | 6.27 trillion current US$ | +5.0% |
| 1993 | 6.30 trillion current US$ | +0.6% |
| 1994 | 6.79 trillion current US$ | +7.8% |
| 1995 | 7.57 trillion current US$ | +11.4% |
| 1996 | 7.75 trillion current US$ | +2.4% |
| 1997 | 7.61 trillion current US$ | -1.8% |
| 1998 | 7.49 trillion current US$ | -1.5% |
| 1999 | 7.83 trillion current US$ | +4.5% |
| 2000 | 8.18 trillion current US$ | +4.5% |
| 2001 | 7.96 trillion current US$ | -2.7% |
| 2002 | 8.03 trillion current US$ | +0.9% |
| 2003 | 9.03 trillion current US$ | +12.5% |
| 2004 | 10.33 trillion current US$ | +14.4% |
| 2005 | 11.41 trillion current US$ | +10.4% |
| 2006 | 12.55 trillion current US$ | +10.0% |
| 2007 | 14.28 trillion current US$ | +13.8% |
| 2008 | 15.71 trillion current US$ | +10.0% |
| 2009 | 14.43 trillion current US$ | -8.1% |
| 2010 | 15.75 trillion current US$ | +9.1% |
| 2011 | 17.90 trillion current US$ | +13.7% |
| 2012 | 18.66 trillion current US$ | +4.2% |
| 2013 | 19.33 trillion current US$ | +3.6% |
| 2014 | 20.00 trillion current US$ | +3.5% |
| 2015 | 19.08 trillion current US$ | -4.6% |
| 2016 | 19.33 trillion current US$ | +1.3% |
| 2017 | 20.80 trillion current US$ | +7.6% |
| 2018 | 22.54 trillion current US$ | +8.4% |
| 2019 | 23.05 trillion current US$ | +2.3% |
| 2020 | 22.51 trillion current US$ | -2.3% |
| 2021 | 25.85 trillion current US$ | +14.8% |
| 2022 | 26.85 trillion current US$ | +3.9% |
| 2023 | 27.89 trillion current US$ | +3.9% |
| 2024 | 28.61 trillion current US$ | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.50 trillion current US$ | 729.96 billion current US$ | 2.63 trillion current US$ | 10 |
| 1980s | 3.62 trillion current US$ | 2.86 trillion current US$ | 5.30 trillion current US$ | 10 |
| 1990s | 6.94 trillion current US$ | 5.84 trillion current US$ | 7.83 trillion current US$ | 10 |
| 2000s | 11.19 trillion current US$ | 7.96 trillion current US$ | 15.71 trillion current US$ | 10 |
| 2010s | 19.64 trillion current US$ | 15.75 trillion current US$ | 23.05 trillion current US$ | 10 |
| 2020s | 26.34 trillion current US$ | 22.51 trillion current US$ | 28.61 trillion current US$ | 5 |
Countries ranked near World
More economy & growth data for World
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.23 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2028)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.49 trillion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0126 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 180.85 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.35 trillion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -14.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0114 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 163.93 BoP, current US$ per person (2025)
- General government final consumption expenditure (current US$) 4.45 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation in World?
- Gross fixed capital formation in World was 28.61 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in World?
- The highest recorded value was 28.61 trillion current US$ in 2024.
- What is the lowest gross fixed capital formation recorded in World?
- The lowest recorded value was 729.96 billion current US$ in 1970.
- How does World rank for gross fixed capital formation?
- World ranks 1st out of 43 groups with data for 2024.
- Is gross fixed capital formation rising or falling in World?
- Over the last ten years it is up 43.0%. The long-run trend across the full record is volatile.
- Where does this World 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 — 55 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.