Gross fixed capital formation in North America
North America: Gross fixed capital formation was 21.5% in 2024. ▼ Falling
Gross fixed capital formation in North America, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross fixed capital formation in North America is 21.5%, measured in 2024.
Compared with earlier readings it is down 0.2% on the previous year and up 3.2% over ten years.
Over the whole period, gross fixed capital formation in North America peaked at 24.3% in 1979 and was at its lowest, 18.8%, in 2010.
North America ranks 33rd of 43 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 55 years of available data.
Gross fixed capital formation in North America, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 20.4% | — |
| 1971 | 21.0% | +3.0% |
| 1972 | 21.9% | +4.4% |
| 1973 | 22.3% | +1.7% |
| 1974 | 22.0% | -1.4% |
| 1975 | 21.0% | -4.4% |
| 1976 | 21.4% | +2.0% |
| 1977 | 22.5% | +5.3% |
| 1978 | 23.7% | +5.0% |
| 1979 | 24.3% | +2.8% |
| 1980 | 23.6% | -3.2% |
| 1981 | 23.5% | -0.3% |
| 1982 | 22.5% | -4.1% |
| 1983 | 22.3% | -1.0% |
| 1984 | 23.2% | +4.1% |
| 1985 | 23.5% | +1.1% |
| 1986 | 23.4% | -0.2% |
| 1987 | 23.0% | -1.9% |
| 1988 | 22.5% | -2.1% |
| 1989 | 22.1% | -1.7% |
| 1990 | 21.3% | -3.6% |
| 1991 | 20.1% | -5.6% |
| 1992 | 19.8% | -1.7% |
| 1993 | 20.0% | +1.0% |
| 1994 | 20.3% | +1.8% |
| 1995 | 20.7% | +1.7% |
| 1996 | 21.1% | +2.2% |
| 1997 | 21.5% | +1.7% |
| 1998 | 22.1% | +3.0% |
| 1999 | 22.6% | +2.1% |
| 2000 | 22.9% | +1.3% |
| 2001 | 22.4% | -2.3% |
| 2002 | 21.4% | -4.2% |
| 2003 | 21.5% | +0.3% |
| 2004 | 22.0% | +2.4% |
| 2005 | 22.8% | +3.7% |
| 2006 | 23.0% | +0.8% |
| 2007 | 22.4% | -2.6% |
| 2008 | 21.4% | -4.3% |
| 2009 | 19.1% | -10.9% |
| 2010 | 18.8% | -1.6% |
| 2011 | 19.2% | +2.2% |
| 2012 | 20.0% | +4.1% |
| 2013 | 20.2% | +0.9% |
| 2014 | 20.8% | +3.0% |
| 2015 | 20.9% | +0.5% |
| 2016 | 20.8% | -0.3% |
| 2017 | 21.1% | +1.4% |
| 2018 | 21.4% | +1.3% |
| 2019 | 21.4% | +0.1% |
| 2020 | 21.7% | +1.3% |
| 2021 | 21.5% | -0.9% |
| 2022 | 21.5% | -0.1% |
| 2023 | 21.5% | +0.1% |
| 2024 | 21.5% | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.1% | 20.4% | 24.3% | 10 |
| 1980s | 23.0% | 22.1% | 23.6% | 10 |
| 1990s | 21.0% | 19.8% | 22.6% | 10 |
| 2000s | 21.9% | 19.1% | 23.0% | 10 |
| 2010s | 20.5% | 18.8% | 21.4% | 10 |
| 2020s | 21.5% | 21.5% | 21.7% | 5 |
Countries ranked near North America
- 30 Bahrain 28.9% compare
- 31 Iran, Islamic Republic of 28.8% compare
- 32 Congo, Democratic Republic of the 28.8% compare
- 33 Samoa 28.8% compare
- 34 Indonesia 28.8% compare
- 35 Senegal 28.7% compare
- 36 Bangladesh 28.5% compare
More economy & growth data for North America
- Imports of goods and services 15.4% (2024)
- Gross capital formation 5.52 trillion constant 2015 US$ (2024)
- Gross capital formation 3.2% (2024)
- Gross capital formation 21.6% (2024)
- Imports of goods and services 4.86 trillion current US$ (2024)
- Imports of goods and services 4.34 trillion constant 2015 US$ (2024)
- Imports of goods and services 5.0% (2024)
- Industry (including construction), value added 4.69 trillion current US$ (2021)
- Services, value added 19.44 trillion current US$ (2021)
- Industry (including construction), value added 18.2% (2021)
Frequently asked questions
- What is gross fixed capital formation in North America?
- Gross fixed capital formation in North America was 21.5% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in North America?
- The highest recorded value was 24.3% in 1979.
- What is the lowest gross fixed capital formation recorded in North America?
- The lowest recorded value was 18.8% in 2010.
- How does North America rank for gross fixed capital formation?
- North America ranks 33rd 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 3.2%. The long-run trend across the full record is falling.
- Where does this North America 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.