Gross fixed capital formation, private sector in China
China: Gross fixed capital formation, private sector was 33.5% in 2023. ▲ Rising
Gross fixed capital formation, private sector in China, 1992–2023
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, private sector in China is 33.5%, measured in 2023.
Compared with earlier readings it is down 4.2% on the previous year and down 13.4% over ten years.
Over the whole period, gross fixed capital formation, private sector in China peaked at 38.6% in 2013 and was at its lowest, 27.7%, in 1997.
That places China 2nd out of 106 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 32 years of available data.
Gross fixed capital formation, private sector in China, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | 27.7% | — |
| 1993 | 33.7% | +21.7% |
| 1994 | 31.1% | -7.7% |
| 1995 | 29.3% | -5.8% |
| 1996 | 28.6% | -2.3% |
| 1997 | 27.7% | -3.3% |
| 1998 | 29.1% | +5.2% |
| 1999 | 28.8% | -0.9% |
| 2000 | 28.8% | -0.0% |
| 2001 | 29.5% | +2.1% |
| 2002 | 30.7% | +4.4% |
| 2003 | 32.4% | +5.4% |
| 2004 | 33.4% | +3.2% |
| 2005 | 33.8% | +1.1% |
| 2006 | 33.4% | -1.1% |
| 2007 | 33.2% | -0.6% |
| 2008 | 33.6% | +1.2% |
| 2009 | 37.9% | +12.8% |
| 2010 | 37.9% | +0.0% |
| 2011 | 38.0% | +0.3% |
| 2012 | 38.4% | +1.0% |
| 2013 | 38.6% | +0.6% |
| 2014 | 38.1% | -1.5% |
| 2015 | 36.2% | -4.9% |
| 2016 | 36.0% | -0.7% |
| 2017 | 35.6% | -1.0% |
| 2018 | 36.9% | +3.5% |
| 2019 | 37.0% | +0.3% |
| 2020 | 35.5% | -4.1% |
| 2021 | 35.1% | -0.9% |
| 2022 | 35.0% | -0.5% |
| 2023 | 33.5% | -4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.5% | 27.7% | 33.7% | 8 |
| 2000s | 32.7% | 28.8% | 37.9% | 10 |
| 2010s | 37.3% | 35.6% | 38.6% | 10 |
| 2020s | 34.8% | 33.5% | 35.5% | 4 |
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)
- Gross capital formation (constant 2015 US$), annual growth rate 1.94 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3775 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 5,232 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 0.3692 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.1689 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 2,341 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 0.2626 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 1.21 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation, private sector in China?
- Gross fixed capital formation, private sector in China was 33.5% 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?
- The highest recorded value was 38.6% in 2013.
- What is the lowest gross fixed capital formation, private sector recorded in China?
- The lowest recorded value was 27.7% in 1997.
- How does China rank for gross fixed capital formation, private sector?
- China ranks 2nd out of 106 countries with data for 2023.
- Is gross fixed capital formation, private sector rising or falling in China?
- Over the last ten years it is down 13.4%. 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, private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
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 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.