Gross fixed capital formation in China
China: Gross fixed capital formation was 39.7% in 2024. ▲ Rising
Gross fixed capital formation in China, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross fixed capital formation in China stood at 39.7%.
The figure is down 2.0% on the previous year and down 8.6% over ten years.
Over the whole period, gross fixed capital formation in China peaked at 44.1% in 2013 and was at its lowest, 15.4%, in 1962.
China ranks 4th of 180 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 65 years of available data.
Gross fixed capital formation in China, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 32.6% | — |
| 1961 | 19.0% | -41.8% |
| 1962 | 15.4% | -18.5% |
| 1963 | 17.7% | +14.7% |
| 1964 | 20.2% | +14.2% |
| 1965 | 20.6% | +1.9% |
| 1966 | 21.8% | +5.7% |
| 1967 | 18.1% | -16.7% |
| 1968 | 17.3% | -4.5% |
| 1969 | 20.9% | +20.8% |
| 1970 | 24.1% | +15.1% |
| 1971 | 24.8% | +2.9% |
| 1972 | 24.6% | -0.9% |
| 1973 | 24.2% | -1.4% |
| 1974 | 26.5% | +9.4% |
| 1975 | 29.0% | +9.4% |
| 1976 | 29.0% | -0.0% |
| 1977 | 28.1% | -3.1% |
| 1978 | 29.3% | +4.3% |
| 1979 | 28.3% | -3.4% |
| 1980 | 28.5% | +0.7% |
| 1981 | 27.2% | -4.6% |
| 1982 | 28.2% | +3.6% |
| 1983 | 28.1% | -0.2% |
| 1984 | 29.3% | +4.1% |
| 1985 | 30.4% | +3.8% |
| 1986 | 30.9% | +1.7% |
| 1987 | 30.5% | -1.3% |
| 1988 | 31.0% | +1.6% |
| 1989 | 25.6% | -17.5% |
| 1990 | 23.9% | -6.3% |
| 1991 | 26.0% | +8.7% |
| 1992 | 30.6% | +17.6% |
| 1993 | 37.3% | +21.9% |
| 1994 | 34.7% | -7.0% |
| 1995 | 32.6% | -6.0% |
| 1996 | 31.9% | -2.2% |
| 1997 | 31.3% | -2.1% |
| 1998 | 33.1% | +5.8% |
| 1999 | 32.7% | -1.2% |
| 2000 | 32.6% | -0.1% |
| 2001 | 33.5% | +2.5% |
| 2002 | 35.0% | +4.6% |
| 2003 | 38.1% | +8.9% |
| 2004 | 39.4% | +3.3% |
| 2005 | 39.3% | -0.2% |
| 2006 | 38.5% | -1.9% |
| 2007 | 37.7% | -2.2% |
| 2008 | 38.8% | +3.0% |
| 2009 | 43.4% | +11.9% |
| 2010 | 43.5% | +0.3% |
| 2011 | 43.5% | -0.0% |
| 2012 | 43.9% | +0.8% |
| 2013 | 44.1% | +0.5% |
| 2014 | 43.4% | -1.6% |
| 2015 | 41.6% | -4.1% |
| 2016 | 41.1% | -1.3% |
| 2017 | 41.4% | +0.8% |
| 2018 | 42.4% | +2.3% |
| 2019 | 42.3% | -0.3% |
| 2020 | 41.8% | -0.9% |
| 2021 | 41.4% | -1.2% |
| 2022 | 41.2% | -0.3% |
| 2023 | 40.5% | -1.9% |
| 2024 | 39.7% | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.4% | 15.4% | 32.6% | 10 |
| 1970s | 26.8% | 24.1% | 29.3% | 10 |
| 1980s | 29.0% | 25.6% | 31.0% | 10 |
| 1990s | 31.4% | 23.9% | 37.3% | 10 |
| 2000s | 37.6% | 32.6% | 43.4% | 10 |
| 2010s | 42.7% | 41.1% | 44.1% | 10 |
| 2020s | 40.9% | 39.7% | 41.8% | 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)
- Industry (including construction), value added (constant 2015 US$) 4.5 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.3727 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 5,166 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 4.5 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 2.48 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 34,444 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 5.69 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.577 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in China?
- Gross fixed capital formation in China was 39.7% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in China?
- The highest recorded value was 44.1% in 2013.
- What is the lowest gross fixed capital formation recorded in China?
- The lowest recorded value was 15.4% in 1962.
- How does China rank for gross fixed capital formation?
- China ranks 4th out of 180 countries with data for 2024.
- Is gross fixed capital formation rising or falling in China?
- Over the last ten years it is down 8.6%. The long-run trend across the full record is rising.
- Where does this China data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.