Gross Fixed Capital Formation — Value Standard Local Currency in United States
United States: Gross Fixed Capital Formation — Value Standard Local Currency was 6.29 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in United States, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency in United States is 6.29 million million SLC, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 6.1% on the previous year and up 75.0% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in United States peaked at 6.29 million million SLC in 2024 and was at its lowest, 111,744 million SLC, in 1970.
That places United States 47th out of 230 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in United States, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 111,744 million SLC | — |
| 1971 | 130,792 million SLC | +17.0% |
| 1972 | 279,724 million SLC | +113.9% |
| 1973 | 316,688 million SLC | +13.2% |
| 1974 | 336,702 million SLC | +6.3% |
| 1975 | 347,912 million SLC | +3.3% |
| 1976 | 395,754 million SLC | +13.8% |
| 1977 | 467,452 million SLC | +18.1% |
| 1978 | 558,153 million SLC | +19.4% |
| 1979 | 641,769 million SLC | +15.0% |
| 1980 | 672,378 million SLC | +4.8% |
| 1981 | 748,760 million SLC | +11.4% |
| 1982 | 752,891 million SLC | +0.6% |
| 1983 | 814,433 million SLC | +8.2% |
| 1984 | 947,866 million SLC | +16.4% |
| 1985 | 1.03 million million SLC | +8.4% |
| 1986 | 1.08 million million SLC | +5.2% |
| 1987 | 1.12 million million SLC | +3.6% |
| 1988 | 1.18 million million SLC | +5.1% |
| 1989 | 1.24 million million SLC | +5.6% |
| 1990 | 1.27 million million SLC | +2.2% |
| 1991 | 1.24 million million SLC | -2.4% |
| 1992 | 1.29 million million SLC | +4.4% |
| 1993 | 1.38 million million SLC | +6.6% |
| 1994 | 1.49 million million SLC | +7.9% |
| 1995 | 1.59 million million SLC | +7.2% |
| 1996 | 1.72 million million SLC | +8.0% |
| 1997 | 1.85 million million SLC | +7.6% |
| 1998 | 2.02 million million SLC | +8.9% |
| 1999 | 2.19 million million SLC | +8.8% |
| 2000 | 2.37 million million SLC | +8.1% |
| 2001 | 2.39 million million SLC | +0.5% |
| 2002 | 2.35 million million SLC | -1.3% |
| 2003 | 2.48 million million SLC | +5.2% |
| 2004 | 2.70 million million SLC | +9.1% |
| 2005 | 2.99 million million SLC | +10.6% |
| 2006 | 3.18 million million SLC | +6.4% |
| 2007 | 3.23 million million SLC | +1.5% |
| 2008 | 3.14 million million SLC | -2.9% |
| 2009 | 2.72 million million SLC | -13.2% |
| 2010 | 2.76 million million SLC | +1.2% |
| 2011 | 2.92 million million SLC | +6.1% |
| 2012 | 3.17 million million SLC | +8.5% |
| 2013 | 3.33 million million SLC | +5.1% |
| 2014 | 3.60 million million SLC | +7.8% |
| 2015 | 3.78 million million SLC | +5.1% |
| 2016 | 3.89 million million SLC | +2.9% |
| 2017 | 4.12 million million SLC | +5.9% |
| 2018 | 4.40 million million SLC | +6.9% |
| 2019 | 4.59 million million SLC | +4.4% |
| 2020 | 4.61 million million SLC | +0.3% |
| 2021 | 5.04 million million SLC | +9.3% |
| 2022 | 5.56 million million SLC | +10.3% |
| 2023 | 5.93 million million SLC | +6.7% |
| 2024 | 6.29 million million SLC | +6.1% |
United States compared with similar countries
- United States's 6.29 million million SLC is above the median for high income countries, which is 36,467 million SLC, 172.6× the median. (73 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency in United States changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1972 | +113.9% | 130,792 million SLC | 279,724 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 358,669 million SLC | 111,744 million SLC | 641,769 million SLC | 10 |
| 1980s | 958,367 million SLC | 672,378 million SLC | 1.24 million million SLC | 10 |
| 1990s | 1.60 million million SLC | 1.24 million million SLC | 2.19 million million SLC | 10 |
| 2000s | 2.76 million million SLC | 2.35 million million SLC | 3.23 million million SLC | 10 |
| 2010s | 3.66 million million SLC | 2.76 million million SLC | 4.59 million million SLC | 10 |
| 2020s | 5.49 million million SLC | 4.61 million million SLC | 6.29 million million SLC | 5 |
Countries ranked near United States
More economy & growth data for United States
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 422.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0137 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,235 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 400.52 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.83 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.013 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,172 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 52.24 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in United States?
- Gross fixed capital formation — value standard local currency in United States was 6.29 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in United States?
- The highest recorded value was 6.29 million million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in United States?
- The lowest recorded value was 111,744 million SLC in 1970.
- How does United States rank for gross fixed capital formation — value standard local currency?
- United States ranks 47th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in United States?
- Over the last ten years it is up 75.0%. The long-run trend across the full record is volatile.
- Where does this United States data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).