Gross fixed capital formation in OECD members
OECD members: Gross fixed capital formation was 22.2% in 2024. ▼ Falling
Gross fixed capital formation in OECD members, 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 OECD members is 22.2%, measured in 2024.
That represents a change of down 1.7% on the previous year and up 3.3% over ten years.
Over the whole period, gross fixed capital formation in OECD members peaked at 26.6% in 1973 and was at its lowest, 20.7%, in 2010.
OECD members ranks 27th of 41 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Gross fixed capital formation in OECD members, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 24.8% | — |
| 1971 | 25.1% | +1.2% |
| 1972 | 25.8% | +2.6% |
| 1973 | 26.6% | +3.2% |
| 1974 | 26.1% | -1.8% |
| 1975 | 25.0% | -4.5% |
| 1976 | 24.7% | -1.1% |
| 1977 | 25.0% | +1.4% |
| 1978 | 25.7% | +2.7% |
| 1979 | 26.1% | +1.5% |
| 1980 | 25.9% | -0.7% |
| 1981 | 25.4% | -1.7% |
| 1982 | 24.4% | -4.1% |
| 1983 | 23.8% | -2.5% |
| 1984 | 24.0% | +1.1% |
| 1985 | 24.3% | +0.9% |
| 1986 | 24.5% | +1.0% |
| 1987 | 24.7% | +1.1% |
| 1988 | 25.5% | +2.9% |
| 1989 | 25.8% | +1.2% |
| 1990 | 25.6% | -0.8% |
| 1991 | 24.9% | -2.5% |
| 1992 | 24.2% | -3.0% |
| 1993 | 23.8% | -1.5% |
| 1994 | 23.8% | -0.1% |
| 1995 | 23.8% | +0.1% |
| 1996 | 23.9% | +0.4% |
| 1997 | 23.6% | -1.5% |
| 1998 | 23.4% | -0.9% |
| 1999 | 23.6% | +1.3% |
| 2000 | 24.0% | +1.5% |
| 2001 | 23.2% | -3.2% |
| 2002 | 22.4% | -3.7% |
| 2003 | 22.3% | -0.4% |
| 2004 | 22.5% | +1.1% |
| 2005 | 23.0% | +2.3% |
| 2006 | 23.4% | +1.5% |
| 2007 | 23.3% | -0.4% |
| 2008 | 22.9% | -1.6% |
| 2009 | 21.1% | -8.1% |
| 2010 | 20.7% | -1.8% |
| 2011 | 21.1% | +1.8% |
| 2012 | 21.3% | +1.3% |
| 2013 | 21.2% | -0.5% |
| 2014 | 21.5% | +1.3% |
| 2015 | 21.8% | +1.2% |
| 2016 | 21.9% | +0.5% |
| 2017 | 22.1% | +1.1% |
| 2018 | 22.3% | +0.8% |
| 2019 | 22.6% | +1.1% |
| 2020 | 22.6% | +0.3% |
| 2021 | 22.5% | -0.6% |
| 2022 | 22.6% | +0.4% |
| 2023 | 22.6% | +0.2% |
| 2024 | 22.2% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.5% | 24.7% | 26.6% | 10 |
| 1980s | 24.8% | 23.8% | 25.9% | 10 |
| 1990s | 24.1% | 23.4% | 25.6% | 10 |
| 2000s | 22.8% | 21.1% | 24.0% | 10 |
| 2010s | 21.6% | 20.7% | 22.6% | 10 |
| 2020s | 22.5% | 22.2% | 22.6% | 5 |
Countries ranked near OECD members
More economy & growth data for OECD members
- Inflation, GDP deflator 3.1% (2025)
- Manufacturing, value added 12.4% (2022)
- Industry (including construction), value added 12.98 trillion current US$ (2022)
- Industry (including construction), value added 11.64 trillion constant 2015 US$ (2024)
- Industry (including construction), value added -0.8% (2024)
- Trade in services 14.9% (2025)
- Services, value added 41.66 trillion current US$ (2021)
- Services, value added 69.8% (2021)
- GDP per capita 41,261 constant 2015 US$ (2025)
- GDP per capita 51,734 current US$ (2025)
Frequently asked questions
- What is gross fixed capital formation in OECD members?
- Gross fixed capital formation in OECD members was 22.2% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in OECD members?
- The highest recorded value was 26.6% in 1973.
- What is the lowest gross fixed capital formation recorded in OECD members?
- The lowest recorded value was 20.7% in 2010.
- How does OECD members rank for gross fixed capital formation?
- OECD members ranks 27th out of 41 groups with data for 2024.
- Is gross fixed capital formation rising or falling in OECD members?
- Over the last ten years it is up 3.3%. The long-run trend across the full record is falling.
- Where does this OECD members 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.