Gross capital formation in North America
North America: Gross capital formation was 6.84 trillion current US$ in 2024. ◆ Volatile
Gross capital formation in North America, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, gross capital formation in North America stood at 6.84 trillion current US$. That is the highest value across all 55 years on record.
The figure is up 4.9% on the previous year and up 65.5% over ten years.
Over the whole period, gross capital formation in North America peaked at 6.84 trillion current US$ in 2024 and was at its lowest, 249.43 billion current US$, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 434.87 billion current US$ | 249.43 billion current US$ | 721.27 billion current US$ | 10 |
| 1980s | 1.06 trillion current US$ | 731.54 billion current US$ | 1.40 trillion current US$ | 10 |
| 1990s | 1.76 trillion current US$ | 1.36 trillion current US$ | 2.40 trillion current US$ | 10 |
| 2000s | 3.01 trillion current US$ | 2.49 trillion current US$ | 3.62 trillion current US$ | 10 |
| 2010s | 4.14 trillion current US$ | 3.19 trillion current US$ | 5.07 trillion current US$ | 10 |
| 2020s | 6.04 trillion current US$ | 4.96 trillion current US$ | 6.84 trillion current US$ | 5 |
More economy & growth data for North America
- Households and NPISHs Final consumption expenditure 21.16 trillion current US$ (2024)
- Final consumption expenditure 25.64 trillion current US$ (2024)
- Households and NPISHs final consumption expenditure 67.0% (2024)
- Imports of goods and services 5.0% (2024)
- Imports of goods and services 15.4% (2024)
- Households and NPISHs Final consumption expenditure per capita growth 1.7% (2024)
- Households and NPISHs Final consumption expenditure per capita 43,939 constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 2.9% (2024)
- Households and NPISHs Final consumption expenditure 16.76 trillion constant 2015 US$ (2024)
- Manufacturing, value added 2.69 trillion current US$ (2021)
Frequently asked questions
- What is gross capital formation in North America?
- Gross capital formation in North America was 6.84 trillion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in North America?
- The highest recorded value was 6.84 trillion current US$ in 2024.
- What is the lowest gross capital formation recorded in North America?
- The lowest recorded value was 249.43 billion current US$ in 1970.
- Is gross capital formation rising or falling in North America?
- Over the last ten years it is up 65.5%. The long-run trend across the full record is volatile.
- Where does this North America data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (current US$). Statizoid updates them automatically from the source API.
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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.