Gross capital formation (current US$) by country
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Countries reporting
185
Highest
7.58 trillion current US$
China
Lowest
-471.79 million current US$
Equatorial Guinea
Median
10.49 billion current US$
Years covered
66
1960–2025
Data points
10,929
What the numbers show
Gross capital formation (current US$) is currently reported for 185 countries. The highest value is 7.58 trillion current US$ in China; the lowest is -471.79 million current US$ in Equatorial Guinea.
The median across all reporting countries is 10.49 billion current US$, and the mean is 161.31 billion current US$.
The gap between the highest and lowest reporting country is a factor of about 16,071.
Over the past decade 156 countries rose and 27 fell. The largest increase was in Turkmenistan (up 869.0%), and the largest decrease in Equatorial Guinea (down 114.5%).
Gross capital formation: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | China | 7.58 trillion current US$ | 2024 | up 56.8% | volatile |
| 2 | United States | 6.31 trillion current US$ | 2024 | up 71.4% | volatile |
| 3 | India | 1.37 trillion current US$ | 2025 | up 102.6% | volatile |
| 4 | Japan | 1.16 trillion current US$ | 2024 | down 11.7% | rising |
| 5 | Germany | 1.11 trillion current US$ | 2025 | up 65.9% | volatile |
| 6 | United Kingdom | 788.04 billion current US$ | 2025 | up 44.8% | volatile |
| 7 | France | 738.52 billion current US$ | 2025 | up 39.2% | volatile |
| 8 | Russia | 663.16 billion current US$ | 2025 | up 119.6% | volatile |
| 9 | Italy | 567.71 billion current US$ | 2025 | up 78.0% | volatile |
| 10 | South Korea | 545.44 billion current US$ | 2025 | up 20.9% | volatile |
| 11 | Canada | 537.16 billion current US$ | 2025 | up 44.9% | volatile |
| 12 | Turkey | 505.81 billion current US$ | 2025 | up 94.4% | volatile |
| 13 | Indonesia | 442.64 billion current US$ | 2025 | up 51.0% | volatile |
| 14 | Australia | 439.94 billion current US$ | 2025 | up 23.9% | volatile |
| 15 | Mexico | 414.38 billion current US$ | 2025 | up 43.9% | volatile |
| 16 | Spain | 408.17 billion current US$ | 2025 | up 74.7% | volatile |
| 17 | Saudi Arabia | 403.83 billion current US$ | 2025 | up 79.6% | volatile |
| 18 | Brazil | 389.32 billion current US$ | 2025 | up 24.1% | volatile |
| 19 | Switzerland | 307.71 billion current US$ | 2025 | up 68.0% | volatile |
| 20 | Netherlands | 264.15 billion current US$ | 2025 | up 53.6% | volatile |
| 21 | Belgium | 186.78 billion current US$ | 2025 | up 73.7% | volatile |
| 22 | Poland | 185.22 billion current US$ | 2025 | up 85.5% | rising |
| 23 | Sweden | 170.37 billion current US$ | 2025 | up 42.8% | volatile |
| 24 | Ireland | 165.50 billion current US$ | 2025 | up 110.0% | volatile |
| 25 | Vietnam | 158.50 billion current US$ | 2025 | up 106.3% | volatile |
| 26 | Iran | 151.50 billion current US$ | 2025 | up 15.8% | volatile |
| 27 | Israel | 148.71 billion current US$ | 2025 | up 121.8% | volatile |
| 28 | United Arab Emirates | 139.22 billion current US$ | 2023 | up 60.8% | rising |
| 29 | Austria | 137.10 billion current US$ | 2025 | up 50.4% | volatile |
| 30 | Singapore | 135.79 billion current US$ | 2025 | up 73.9% | volatile |
| 31 | Bangladesh | 130.24 billion current US$ | 2025 | up 131.0% | volatile |
| 32 | Algeria | 129.93 billion current US$ | 2025 | up 33.8% | volatile |
| 33 | Thailand | 127.35 billion current US$ | 2025 | up 42.0% | volatile |
| 34 | Norway | 123.20 billion current US$ | 2025 | up 20.2% | volatile |
| 35 | Romania | 111.03 billion current US$ | 2025 | up 144.8% | volatile |
| 36 | Argentina | 110.07 billion current US$ | 2025 | up 8.4% | volatile |
| 37 | Philippines | 107.84 billion current US$ | 2025 | up 64.9% | volatile |
| 38 | Czechia | 104.62 billion current US$ | 2025 | up 105.1% | volatile |
| 39 | Denmark | 102.32 billion current US$ | 2025 | up 65.1% | volatile |
| 40 | Malaysia | 96.62 billion current US$ | 2025 | up 26.1% | volatile |
| 41 | Chile | 85.97 billion current US$ | 2025 | up 38.5% | volatile |
| 42 | Kazakhstan | 79.32 billion current US$ | 2024 | up 38.9% | volatile |
| 43 | Hong Kong | 78.41 billion current US$ | 2025 | up 17.6% | volatile |
| 44 | Colombia | 76.47 billion current US$ | 2025 | up 9.6% | volatile |
| 45 | Portugal | 72.92 billion current US$ | 2025 | up 129.9% | volatile |
| 46 | Qatar | 72.23 billion current US$ | 2022 | up 42.4% | volatile |
| 47 | Finland | 69.44 billion current US$ | 2025 | up 35.9% | volatile |
| 48 | Peru | 68.11 billion current US$ | 2025 | up 47.6% | volatile |
| 49 | New Zealand | 60.39 billion current US$ | 2024 | up 29.6% | volatile |
| 50 | South Africa | 59.26 billion current US$ | 2025 | down 8.3% | volatile |
| 51 | Pakistan | 58.17 billion current US$ | 2025 | up 22.7% | volatile |
| 52 | Morocco | 58.12 billion current US$ | 2025 | up 74.4% | volatile |
| 53 | Hungary | 54.60 billion current US$ | 2025 | up 82.7% | volatile |
| 54 | Iraq | 53.51 billion current US$ | 2024 | up 28.6% | volatile |
| 55 | Uzbekistan | 48.93 billion current US$ | 2025 | up 105.3% | volatile |
| 56 | Greece | 48.39 billion current US$ | 2025 | up 107.1% | volatile |
| 57 | Egypt | 47.08 billion current US$ | 2025 | up 0.0% | volatile |
| 58 | Ukraine | 44.52 billion current US$ | 2025 | up 206.9% | volatile |
| 59 | Tanzania | 36.67 billion current US$ | 2025 | up 136.1% | volatile |
| 60 | Sri Lanka | 32.26 billion current US$ | 2025 | up 10.6% | volatile |
| 61 | Dominican Republic | 31.47 billion current US$ | 2025 | up 95.8% | volatile |
| 62 | Slovakia | 31.04 billion current US$ | 2025 | up 35.0% | volatile |
| 63 | Panama | 29.01 billion current US$ | 2024 | up 29.5% | volatile |
| 64 | Democratic Republic of Congo | 28.81 billion current US$ | 2025 | up 153.9% | volatile |
| 65 | Bulgaria | 28.40 billion current US$ | 2025 | up 166.4% | volatile |
| 66 | Ecuador | 27.29 billion current US$ | 2025 | up 23.7% | volatile |
| 67 | Oman | 26.62 billion current US$ | 2024 | up 0.3% | volatile |
| 68 | Croatia | 25.83 billion current US$ | 2025 | up 160.0% | rising |
| 69 | Ethiopia | 25.42 billion current US$ | 2025 | up 0.7% | volatile |
| 70 | Belarus | 25.33 billion current US$ | 2025 | up 54.5% | volatile |
| 71 | Kuwait | 24.30 billion current US$ | 2024 | down 8.3% | volatile |
| 72 | Serbia | 23.37 billion current US$ | 2025 | up 205.7% | volatile |
| 73 | Kenya | 23.05 billion current US$ | 2025 | up 48.7% | volatile |
| 74 | Lithuania | 21.17 billion current US$ | 2025 | up 126.0% | volatile |
| 75 | Guatemala | 20.68 billion current US$ | 2025 | up 124.3% | volatile |
| 76 | Cote d'Ivoire | 19.26 billion current US$ | 2025 | up 79.7% | volatile |
| 77 | Puerto Rico | 18.41 billion current US$ | 2025 | up 107.2% | volatile |
| 78 | Slovenia | 17.55 billion current US$ | 2025 | up 111.0% | rising |
| 79 | Costa Rica | 16.24 billion current US$ | 2025 | up 52.6% | volatile |
| 80 | Cambodia | 16.16 billion current US$ | 2025 | up 123.8% | volatile |
| 81 | Luxembourg | 15.68 billion current US$ | 2025 | up 37.7% | volatile |
| 82 | Azerbaijan | 14.34 billion current US$ | 2025 | down 3.2% | volatile |
| 83 | Uganda | 14.04 billion current US$ | 2025 | up 81.7% | volatile |
| 84 | Uruguay | 13.81 billion current US$ | 2025 | up 21.5% | volatile |
| 85 | Bahrain | 13.39 billion current US$ | 2024 | up 42.9% | volatile |
| 86 | Nepal | 13.38 billion current US$ | 2025 | up 75.5% | volatile |
| 87 | Paraguay | 12.46 billion current US$ | 2025 | up 57.3% | volatile |
| 88 | Latvia | 11.70 billion current US$ | 2025 | up 83.8% | volatile |
| 89 | Estonia | 11.69 billion current US$ | 2025 | up 103.4% | volatile |
| 90 | Cameroon | 11.40 billion current US$ | 2025 | up 93.9% | volatile |
| 91 | Angola | 10.97 billion current US$ | 2024 | down 75.3% | volatile |
| 92 | Cuba | 10.60 billion current US$ | 2020 | up 76.7% | rising |
| 93 | Guinea | 10.49 billion current US$ | 2025 | up 393.5% | volatile |
| 94 | Iceland | 10.25 billion current US$ | 2025 | up 201.8% | volatile |
| 95 | Senegal | 9.95 billion current US$ | 2025 | up 116.6% | volatile |
| 96 | Bolivia | 9.85 billion current US$ | 2024 | up 41.9% | volatile |
| 97 | El Salvador | 9.67 billion current US$ | 2025 | up 157.5% | volatile |
| 98 | Honduras | 9.57 billion current US$ | 2025 | up 81.6% | volatile |
| 99 | Turkmenistan | 9.42 billion current US$ | 2009 | up 869.0% | volatile |
| 100 | Bosnia and Herzegovina | 9.37 billion current US$ | 2025 | up 157.6% | volatile |
| 101 | Benin | 8.80 billion current US$ | 2025 | up 272.8% | volatile |
| 102 | Tunisia | 8.76 billion current US$ | 2025 | down 12.0% | volatile |
| 103 | Ghana | 8.25 billion current US$ | 2024 | down 44.5% | volatile |
| 104 | Georgia | 8.12 billion current US$ | 2025 | up 98.4% | volatile |
| 105 | Mongolia | 7.97 billion current US$ | 2025 | up 179.8% | volatile |
| 106 | Cyprus | 7.94 billion current US$ | 2025 | up 199.3% | volatile |
| 107 | Armenia | 7.08 billion current US$ | 2025 | up 223.6% | volatile |
| 108 | Libya | 6.86 billion current US$ | 2025 | down 18.9% | volatile |
| 109 | Albania | 6.75 billion current US$ | 2024 | up 79.3% | volatile |
| 110 | Macao | 6.38 billion current US$ | 2025 | down 44.1% | volatile |
| 111 | Kyrgyzstan | 6.33 billion current US$ | 2025 | up 173.2% | volatile |
| 112 | North Macedonia | 6.06 billion current US$ | 2025 | up 98.0% | volatile |
| 113 | Mali | 6.02 billion current US$ | 2025 | up 55.2% | volatile |
| 114 | Zambia | 6.02 billion current US$ | 2024 | down 34.9% | falling |
| 115 | Venezuela | 5.91 billion current US$ | 2025 | down 75.7% | volatile |
| 116 | Botswana | 5.81 billion current US$ | 2025 | up 51.0% | volatile |
| 117 | Nicaragua | 5.73 billion current US$ | 2025 | up 34.1% | volatile |
| 118 | Rwanda | 5.59 billion current US$ | 2025 | up 169.7% | volatile |
| 119 | Mozambique | 5.40 billion current US$ | 2025 | down 21.1% | volatile |
| 120 | Gabon | 5.32 billion current US$ | 2025 | up 26.5% | volatile |
| 121 | Malta | 5.20 billion current US$ | 2025 | up 95.3% | volatile |
| 122 | Jordan | 5.18 billion current US$ | 2007 | up 177.8% | volatile |
| 123 | Mauritania | 5.18 billion current US$ | 2025 | up 117.7% | volatile |
| 124 | Moldova | 4.92 billion current US$ | 2025 | up 162.3% | volatile |
| 125 | Congo | 4.79 billion current US$ | 2025 | down 49.8% | volatile |
| 126 | Burkina Faso | 4.76 billion current US$ | 2025 | up 107.2% | volatile |
| 127 | Niger | 4.76 billion current US$ | 2025 | up 51.8% | volatile |
| 128 | Trinidad and Tobago | 4.75 billion current US$ | 2023 | down 19.9% | rising |
| 129 | Madagascar | 4.74 billion current US$ | 2025 | up 161.7% | volatile |
| 130 | Tajikistan | 4.68 billion current US$ | 2024 | up 93.6% | volatile |
| 131 | Laos | 4.62 billion current US$ | 2016 | up 344.3% | volatile |
| 132 | Palestine | 4.39 billion current US$ | 2025 | up 25.3% | volatile |
| 133 | Chad | 4.37 billion current US$ | 2025 | up 31.1% | volatile |
| 135 | Bahamas | 4.24 billion current US$ | 2024 | up 21.3% | volatile |
| 136 | Brunei | 4.08 billion current US$ | 2025 | down 10.5% | volatile |
| 137 | Haiti | 3.87 billion current US$ | 2025 | up 86.4% | volatile |
| 138 | Zimbabwe | 3.67 billion current US$ | 2024 | up 95.4% | volatile |
| 139 | Somalia | 3.65 billion current US$ | 2025 | up 351.7% | volatile |
| 140 | Mauritius | 3.22 billion current US$ | 2025 | up 53.1% | volatile |
| 141 | Afghanistan | 3.04 billion current US$ | 2024 | — | volatile |
| 142 | Namibia | 2.82 billion current US$ | 2025 | down 18.7% | volatile |
| 143 | Montenegro | 2.49 billion current US$ | 2025 | up 214.2% | volatile |
| 144 | Malawi | 2.35 billion current US$ | 2025 | up 29.4% | flat |
| 145 | Togo | 2.18 billion current US$ | 2023 | up 63.5% | volatile |
| 146 | Maldives | 2.17 billion current US$ | 2024 | up 111.1% | rising |
| 147 | New Caledonia | 1.89 billion current US$ | 2024 | down 50.1% | volatile |
| 148 | Sierra Leone | 1.73 billion current US$ | 2025 | up 41.2% | volatile |
| 149 | Suriname | 1.58 billion current US$ | 2010 | — | rising |
| 150 | Bhutan | 1.43 billion current US$ | 2024 | up 20.8% | volatile |
| 151 | French Polynesia | 1.39 billion current US$ | 2024 | up 18.8% | flat |
| 152 | Yemen | 1.33 billion current US$ | 2018 | down 67.8% | falling |
| 153 | Curacao | 1.25 billion current US$ | 2018 | up 13.4% | rising |
| 154 | Fiji | 1.25 billion current US$ | 2024 | up 22.8% | volatile |
| 155 | Greenland | 1.20 billion current US$ | 2023 | up 48.2% | rising |
| 156 | Faroe Islands | 1.14 billion current US$ | 2024 | up 80.1% | rising |
| 157 | Aruba | 1.07 billion current US$ | 2024 | up 66.4% | rising |
| 158 | Gambia | 1.05 billion current US$ | 2025 | up 273.5% | volatile |
| 159 | Bermuda | 1.01 billion current US$ | 2024 | up 30.8% | rising |
| 160 | Lesotho | 803.80 million current US$ | 2025 | up 11.9% | volatile |
| 161 | Papua New Guinea | 785.48 million current US$ | 2004 | down 33.2% | volatile |
| 162 | Eswatini | 727.48 million current US$ | 2024 | down 13.5% | rising |
| 163 | South Sudan | 689.96 million current US$ | 2015 | down 65.6% | falling |
| 164 | Guinea-Bissau | 652.51 million current US$ | 2025 | up 285.5% | volatile |
| 165 | Belize | 633.93 million current US$ | 2024 | up 73.4% | volatile |
| 166 | East Timor | 561.69 million current US$ | 2024 | down 10.1% | volatile |
| 167 | Cape Verde | 532.06 million current US$ | 2025 | up 4.5% | falling |
| 168 | Seychelles | 446.64 million current US$ | 2025 | up 16.0% | volatile |
| 169 | Sudan | 441.77 million current US$ | 2025 | down 93.3% | volatile |
| 170 | Samoa | 386.85 million current US$ | 2025 | up 30.9% | rising |
| 171 | Lebanon | 375.26 million current US$ | 2024 | down 96.9% | volatile |
| 172 | Syria | 358.57 million current US$ | 1969 | up 205.0% | rising |
| 173 | Vanuatu | 338.58 million current US$ | 2024 | up 112.1% | volatile |
| 174 | San Marino | 336.18 million current US$ | 2023 | up 96.0% | rising |
| 175 | Solomon Islands | 308.22 million current US$ | 2024 | up 82.6% | volatile |
| 176 | Central African Republic | 285.28 million current US$ | 2025 | down 22.9% | volatile |
| 177 | Guyana | 266.72 million current US$ | 2005 | up 29.1% | rising |
| 178 | Eritrea | 260.73 million current US$ | 2011 | down 1.7% | rising |
| 179 | Comoros | 214.98 million current US$ | 2025 | up 63.2% | volatile |
| 180 | Tonga | 170.87 million current US$ | 2024 | up 71.5% | volatile |
| 181 | Palau | 112.42 million current US$ | 2024 | up 46.0% | rising |
| 182 | Kiribati | 102.65 million current US$ | 2024 | up 78.8% | rising |
| 183 | Sao Tome and Principe | 85.79 million current US$ | 2025 | up 126.8% | rising |
| 184 | Djibouti | 71.69 million current US$ | 2025 | up 174.9% | volatile |
| 185 | Marshall Islands | 60.18 million current US$ | 2024 | up 58.1% | rising |
| 186 | Equatorial Guinea | -471.79 million current US$ | 2025 | down 114.5% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Kosovo 4.31 billion current US$
- World 29.36 trillion current US$
- High income 16.34 trillion current US$
- OECD members 15.34 trillion current US$
- Post-demographic dividend 14.19 trillion current US$
- IDA & IBRD total 14.10 trillion current US$
- IBRD only 13.20 trillion current US$
- Low & middle income 13.11 trillion current US$
- Middle income 12.97 trillion current US$
- East Asia & Pacific 11.20 trillion current US$
- Upper middle income 10.81 trillion current US$
- Late-demographic dividend 10.06 trillion current US$
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.