Gross fixed capital formation, private sector in China (People’s Republic of)

China (People’s Republic of): Gross fixed capital formation, private sector was 43.34 trillion current LCU in 2023. ◆ Volatile

Latest (2023)
43.34 trillion current LCU
Change on year
up 0.5%
World rank
5th
of 105 countries
All-time high
43.34 trillion current LCU
in 2023
All-time low
755.25 billion current LCU
in 1992
Years of data
32
1992–2023

Gross fixed capital formation, private sector in China (People’s Republic of), 1992–2023

010.0T20.0T30.0T40.0T1992200720231992: 755.2B current LCU1993: 1.2T current LCU1994: 1.5T current LCU1995: 1.8T current LCU1996: 2.1T current LCU1997: 2.2T current LCU1998: 2.5T current LCU1999: 2.6T current LCU2000: 2.9T current LCU2001: 3.3T current LCU2002: 3.8T current LCU2003: 4.5T current LCU2004: 5.5T current LCU2005: 6.4T current LCU2006: 7.4T current LCU2007: 9.1T current LCU2008: 10.9T current LCU2009: 13.4T current LCU2010: 15.9T current LCU2011: 18.9T current LCU2012: 21.0T current LCU2013: 23.3T current LCU2014: 25.0T current LCU2015: 25.4T current LCU2016: 27.4T current LCU2017: 30.2T current LCU2018: 34.5T current LCU2019: 37.2T current LCU2020: 36.7T current LCU2021: 41.2T current LCU2022: 43.1T current LCU2023: 43.3T current LCU

Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.

Analysis

China (People’s Republic of) recorded 43.34 trillion current LCU for gross fixed capital formation, private sector in 2023. That is the highest value across all 32 years on record.

The figure is up 0.5% on the previous year and up 85.7% over ten years.

Over the whole period, gross fixed capital formation, private sector in China (People’s Republic of) peaked at 43.34 trillion current LCU in 2023 and was at its lowest, 755.25 billion current LCU, in 1992.

China (People’s Republic of) ranks 5th of 105 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 1.84 trillion current LCU 755.25 billion current LCU 2.64 trillion current LCU 8
2000s 6.73 trillion current LCU 2.92 trillion current LCU 13.43 trillion current LCU 10
2010s 25.88 trillion current LCU 15.89 trillion current LCU 37.20 trillion current LCU 10
2020s 41.10 trillion current LCU 36.69 trillion current LCU 43.34 trillion current LCU 4

Countries ranked near China (People’s Republic of)

  1. 2 India 80.37 trillion current LCU compare
  2. 3 Chile 76.24 trillion current LCU compare
  3. 4 Tanzania 52.79 trillion current LCU compare
  4. 6 Congo, Democratic Republic of the 31.41 trillion current LCU compare
  5. 7 Uganda 30.62 trillion current LCU compare
  6. 8 Lebanon 28.12 trillion current LCU compare

See the full ranking of 105 places →

More economy & growth data for China (People’s Republic of)

All data for China (People’s Republic of) →

Frequently asked questions

What is gross fixed capital formation, private sector in China (People’s Republic of)?
Gross fixed capital formation, private sector in China (People’s Republic of) was 43.34 trillion current LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
What is the highest gross fixed capital formation, private sector recorded in China (People’s Republic of)?
The highest recorded value was 43.34 trillion current LCU in 2023.
What is the lowest gross fixed capital formation, private sector recorded in China (People’s Republic of)?
The lowest recorded value was 755.25 billion current LCU in 1992.
How does China (People’s Republic of) rank for gross fixed capital formation, private sector?
China (People’s Republic of) ranks 5th out of 105 countries with data for 2023.
Is gross fixed capital formation, private sector rising or falling in China (People’s Republic of)?
Over the last ten years it is up 85.7%. The long-run trend across the full record is volatile.
Where does this China (People’s Republic of) 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, private sector (current LCU). Statizoid updates them automatically from the source API.

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Gross fixed capital formation, private sector in China (People’s Republic of). Statizoid, drawing on Country official statistics, National Statistical Organizations and/or Central Banks. Retrieved 18 August 2026, from https://economy.statizoid.com/stat/gross-fixed-capital-formation-private-sector-current-lcu/china/

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About this data

Indicator
Gross fixed capital formation, private sector (current LCU)
Unit
current LCU
Source
Country official statistics, National Statistical Organizations and/or Central Banks
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
105 places, 3,078 data points, 1960–2025
Last refreshed

Private investment covers outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets. 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 series is expressed in local currency units.