Gross fixed capital formation (constant 2015 US$) by country
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for...
Countries reporting
159
Highest
5.02 trillion constant 2015 US$
United States
Lowest
46.50 million constant 2015 US$
Sao Tome and Principe
Median
11.70 billion constant 2015 US$
Years covered
66
1960–2025
Data points
8,101
What the numbers show
Gross fixed capital formation (constant 2015 US$) is currently reported for 159 countries. The highest value is 5.02 trillion constant 2015 US$ in United States; the lowest is 46.50 million constant 2015 US$ in Sao Tome and Principe.
The median across all reporting countries is 11.70 billion constant 2015 US$, and the mean is 111.04 billion constant 2015 US$.
Over the past decade 135 countries rose and 24 fell. The largest increase was in Uzbekistan (up 286.3%), and the largest decrease in Lebanon (down 99.2%).
Gross fixed capital formation: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | United States | 5.02 trillion constant 2015 US$ | 2024 | up 38.8% | rising |
| 2 | Japan | 1.25 trillion constant 2015 US$ | 2024 | up 7.6% | rising |
| 3 | India | 1.15 trillion constant 2015 US$ | 2025 | up 90.3% | volatile |
| 4 | Germany | 703.36 billion constant 2015 US$ | 2025 | up 4.0% | rising |
| 5 | United Kingdom | 664.11 billion constant 2015 US$ | 2025 | up 25.6% | rising |
| 6 | France | 592.76 billion constant 2015 US$ | 2025 | up 18.0% | rising |
| 7 | South Korea | 519.10 billion constant 2015 US$ | 2025 | up 15.6% | volatile |
| 8 | Italy | 474.73 billion constant 2015 US$ | 2025 | up 50.6% | rising |
| 9 | Australia | 417.59 billion constant 2015 US$ | 2025 | up 17.9% | volatile |
| 10 | Indonesia | 408.01 billion constant 2015 US$ | 2025 | up 44.4% | volatile |
| 11 | Russia | 406.61 billion constant 2015 US$ | 2025 | up 44.7% | rising |
| 12 | Canada | 399.43 billion constant 2015 US$ | 2025 | up 7.6% | volatile |
| 13 | Brazil | 360.56 billion constant 2015 US$ | 2025 | up 12.2% | rising |
| 14 | Turkey | 359.76 billion constant 2015 US$ | 2025 | up 38.5% | volatile |
| 15 | Spain | 303.70 billion constant 2015 US$ | 2025 | up 37.6% | rising |
| 16 | Mexico | 293.55 billion constant 2015 US$ | 2025 | up 4.4% | volatile |
| 17 | Saudi Arabia | 265.99 billion constant 2015 US$ | 2025 | up 31.3% | rising |
| 18 | Switzerland | 217.80 billion constant 2015 US$ | 2025 | up 16.4% | rising |
| 19 | Netherlands | 190.31 billion constant 2015 US$ | 2025 | up 12.5% | rising |
| 20 | Sweden | 143.80 billion constant 2015 US$ | 2025 | up 23.4% | rising |
| 21 | Vietnam | 141.05 billion constant 2015 US$ | 2025 | up 95.4% | volatile |
| 22 | Poland | 130.74 billion constant 2015 US$ | 2025 | up 34.5% | rising |
| 23 | Belgium | 129.57 billion constant 2015 US$ | 2025 | up 21.4% | rising |
| 24 | Thailand | 116.14 billion constant 2015 US$ | 2025 | up 18.0% | volatile |
| 25 | Ireland | 115.27 billion constant 2015 US$ | 2025 | up 57.1% | volatile |
| 26 | Norway | 113.93 billion constant 2015 US$ | 2025 | up 17.7% | rising |
| 27 | Algeria | 109.39 billion constant 2015 US$ | 2025 | up 36.3% | volatile |
| 28 | Philippines | 108.48 billion constant 2015 US$ | 2025 | up 59.2% | rising |
| 29 | Singapore | 105.11 billion constant 2015 US$ | 2025 | up 25.4% | volatile |
| 30 | Bangladesh | 102.98 billion constant 2015 US$ | 2025 | up 82.7% | volatile |
| 31 | Israel | 102.07 billion constant 2015 US$ | 2025 | up 58.3% | volatile |
| 32 | Malaysia | 98.88 billion constant 2015 US$ | 2025 | up 26.9% | volatile |
| 33 | Austria | 98.72 billion constant 2015 US$ | 2025 | up 13.6% | rising |
| 34 | Argentina | 95.21 billion constant 2015 US$ | 2025 | up 2.8% | rising |
| 35 | Iran | 91.65 billion constant 2015 US$ | 2025 | down 11.7% | volatile |
| 36 | Denmark | 79.59 billion constant 2015 US$ | 2025 | up 33.2% | rising |
| 37 | Uzbekistan | 77.90 billion constant 2015 US$ | 2025 | up 286.3% | volatile |
| 38 | Chile | 74.08 billion constant 2015 US$ | 2025 | up 20.0% | volatile |
| 39 | Kazakhstan | 72.20 billion constant 2015 US$ | 2024 | up 78.3% | volatile |
| 40 | Hong Kong | 65.17 billion constant 2015 US$ | 2025 | down 6.0% | volatile |
| 41 | Czechia | 64.31 billion constant 2015 US$ | 2025 | up 32.4% | rising |
| 42 | Romania | 63.75 billion constant 2015 US$ | 2025 | up 43.8% | volatile |
| 43 | Colombia | 61.95 billion constant 2015 US$ | 2025 | down 9.7% | volatile |
| 44 | Peru | 56.10 billion constant 2015 US$ | 2025 | up 28.0% | volatile |
| 45 | Finland | 53.77 billion constant 2015 US$ | 2025 | up 7.6% | rising |
| 46 | New Zealand | 50.87 billion constant 2015 US$ | 2024 | up 28.3% | volatile |
| 47 | South Africa | 50.71 billion constant 2015 US$ | 2025 | down 18.8% | volatile |
| 48 | Portugal | 49.82 billion constant 2015 US$ | 2025 | up 59.9% | rising |
| 49 | Pakistan | 46.37 billion constant 2015 US$ | 2025 | up 9.6% | volatile |
| 50 | Egypt | 45.85 billion constant 2015 US$ | 2025 | up 1.9% | rising |
| 51 | Ethiopia | 41.64 billion constant 2015 US$ | 2025 | up 64.8% | rising |
| 52 | Greece | 41.54 billion constant 2015 US$ | 2025 | up 91.3% | rising |
| 53 | Morocco | 36.71 billion constant 2015 US$ | 2024 | up 31.7% | volatile |
| 54 | Tanzania | 34.65 billion constant 2015 US$ | 2025 | up 129.3% | volatile |
| 55 | Hungary | 31.85 billion constant 2015 US$ | 2025 | up 14.1% | rising |
| 56 | Oman | 25.69 billion constant 2015 US$ | 2024 | down 2.8% | rising |
| 57 | Sri Lanka | 25.54 billion constant 2015 US$ | 2025 | up 6.2% | falling |
| 58 | Dominican Republic | 25.24 billion constant 2015 US$ | 2025 | up 57.6% | volatile |
| 59 | Panama | 24.02 billion constant 2015 US$ | 2024 | up 16.6% | volatile |
| 60 | Ukraine | 24.00 billion constant 2015 US$ | 2025 | up 94.6% | volatile |
| 61 | Slovakia | 22.89 billion constant 2015 US$ | 2025 | up 5.5% | rising |
| 62 | Cote d'Ivoire | 22.29 billion constant 2015 US$ | 2025 | up 106.5% | volatile |
| 63 | Kenya | 21.59 billion constant 2015 US$ | 2025 | up 39.4% | volatile |
| 64 | Ecuador | 20.15 billion constant 2015 US$ | 2025 | down 8.1% | rising |
| 65 | Democratic Republic of Congo | 20.06 billion constant 2015 US$ | 2025 | up 90.1% | volatile |
| 66 | Croatia | 18.16 billion constant 2015 US$ | 2025 | up 86.6% | rising |
| 67 | Angola | 17.10 billion constant 2015 US$ | 2024 | down 44.0% | rising |
| 68 | Belarus | 16.63 billion constant 2015 US$ | 2025 | up 2.8% | volatile |
| 69 | Guatemala | 15.56 billion constant 2015 US$ | 2025 | up 72.4% | volatile |
| 70 | Lithuania | 15.11 billion constant 2015 US$ | 2025 | up 85.6% | rising |
| 71 | Serbia | 14.81 billion constant 2015 US$ | 2025 | up 113.5% | volatile |
| 72 | Bulgaria | 14.74 billion constant 2015 US$ | 2025 | up 39.2% | rising |
| 73 | Costa Rica | 14.09 billion constant 2015 US$ | 2025 | up 31.5% | volatile |
| 74 | Puerto Rico | 13.68 billion constant 2015 US$ | 2025 | up 55.3% | rising |
| 75 | Ghana | 13.55 billion constant 2015 US$ | 2024 | down 1.3% | flat |
| 76 | Uganda | 13.33 billion constant 2015 US$ | 2025 | up 76.9% | volatile |
| 77 | Cambodia | 13.09 billion constant 2015 US$ | 2025 | up 86.7% | volatile |
| 78 | Bahrain | 12.94 billion constant 2015 US$ | 2024 | up 49.0% | rising |
| 79 | Slovenia | 11.87 billion constant 2015 US$ | 2025 | up 46.9% | rising |
| 80 | Uruguay | 11.70 billion constant 2015 US$ | 2025 | up 2.5% | volatile |
| 81 | Paraguay | 11.14 billion constant 2015 US$ | 2025 | up 58.5% | volatile |
| 82 | Senegal | 10.97 billion constant 2015 US$ | 2025 | up 168.1% | volatile |
| 83 | Luxembourg | 10.29 billion constant 2015 US$ | 2025 | down 1.0% | volatile |
| 84 | Gabon | 9.78 billion constant 2015 US$ | 2025 | up 132.7% | volatile |
| 85 | Nepal | 9.49 billion constant 2015 US$ | 2025 | up 41.4% | rising |
| 86 | Iraq | 9.20 billion constant 2015 US$ | 2024 | down 73.0% | rising |
| 87 | Cameroon | 9.09 billion constant 2015 US$ | 2025 | up 51.6% | volatile |
| 88 | Tunisia | 8.87 billion constant 2015 US$ | 2025 | down 7.6% | volatile |
| 89 | Cuba | 8.44 billion constant 2015 US$ | 2024 | up 29.5% | rising |
| 90 | Estonia | 8.09 billion constant 2015 US$ | 2025 | up 44.3% | rising |
| 91 | Libya | 7.95 billion constant 2015 US$ | 2025 | down 4.6% | falling |
| 92 | El Salvador | 7.81 billion constant 2015 US$ | 2025 | up 112.3% | rising |
| 93 | Latvia | 7.73 billion constant 2015 US$ | 2025 | up 31.6% | rising |
| 94 | Guinea | 7.37 billion constant 2015 US$ | 2025 | up 249.8% | volatile |
| 95 | Honduras | 6.64 billion constant 2015 US$ | 2025 | up 33.7% | volatile |
| 96 | Mongolia | 6.51 billion constant 2015 US$ | 2025 | up 206.6% | rising |
| 97 | Cyprus | 6.43 billion constant 2015 US$ | 2025 | up 151.8% | rising |
| 98 | Iceland | 6.24 billion constant 2015 US$ | 2025 | up 84.5% | volatile |
| 99 | Bolivia | 6.08 billion constant 2015 US$ | 2024 | down 9.4% | volatile |
| 100 | Benin | 5.91 billion constant 2015 US$ | 2025 | up 153.1% | volatile |
| 101 | Mali | 5.86 billion constant 2015 US$ | 2025 | up 58.3% | volatile |
| 102 | Bosnia and Herzegovina | 5.75 billion constant 2015 US$ | 2024 | up 60.2% | rising |
| 103 | Macao | 5.43 billion constant 2015 US$ | 2025 | down 51.4% | volatile |
| 104 | Syria | 5.29 billion constant 2015 US$ | 2022 | up 256.9% | volatile |
| 105 | Kyrgyzstan | 5.23 billion constant 2015 US$ | 2025 | up 140.5% | rising |
| 106 | Georgia | 5.23 billion constant 2015 US$ | 2025 | up 43.5% | rising |
| 107 | Rwanda | 5.22 billion constant 2015 US$ | 2025 | up 155.0% | volatile |
| 108 | Nicaragua | 4.99 billion constant 2015 US$ | 2025 | up 33.6% | volatile |
| 109 | Laos | 4.87 billion constant 2015 US$ | 2016 | up 140.0% | rising |
| 110 | Burkina Faso | 4.73 billion constant 2015 US$ | 2025 | up 108.6% | volatile |
| 111 | Albania | 4.56 billion constant 2015 US$ | 2025 | up 52.3% | rising |
| 112 | Armenia | 4.50 billion constant 2015 US$ | 2025 | up 106.8% | volatile |
| 113 | Botswana | 4.37 billion constant 2015 US$ | 2025 | up 19.1% | volatile |
| 114 | Niger | 4.10 billion constant 2015 US$ | 2025 | up 30.0% | volatile |
| 115 | Congo | 3.89 billion constant 2015 US$ | 2025 | down 59.9% | volatile |
| 116 | Brunei | 3.67 billion constant 2015 US$ | 2025 | down 19.0% | rising |
| 117 | Madagascar | 3.59 billion constant 2015 US$ | 2025 | up 67.1% | volatile |
| 118 | Bahamas | 3.59 billion constant 2015 US$ | 2024 | up 4.3% | rising |
| 119 | Malta | 3.55 billion constant 2015 US$ | 2025 | up 32.3% | rising |
| 120 | Palestine | 3.40 billion constant 2015 US$ | 2025 | up 2.8% | rising |
| 121 | Togo | 3.34 billion constant 2015 US$ | 2023 | up 174.3% | volatile |
| 122 | Chad | 3.33 billion constant 2015 US$ | 2025 | up 2.7% | rising |
| 123 | Moldova | 3.26 billion constant 2015 US$ | 2025 | up 74.2% | rising |
| 124 | North Macedonia | 3.03 billion constant 2015 US$ | 2024 | up 39.5% | rising |
| 125 | Mauritania | 2.95 billion constant 2015 US$ | 2025 | up 39.3% | volatile |
| 126 | Namibia | 2.93 billion constant 2015 US$ | 2025 | down 16.6% | volatile |
| 127 | Somalia | 2.81 billion constant 2015 US$ | 2025 | up 247.4% | rising |
| 128 | Zimbabwe | 2.78 billion constant 2015 US$ | 2024 | up 46.8% | rising |
| 129 | Mauritius | 2.70 billion constant 2015 US$ | 2025 | up 33.1% | volatile |
| 131 | Sierra Leone | 2.18 billion constant 2015 US$ | 2025 | up 80.2% | volatile |
| 132 | Yemen | 2.16 billion constant 2015 US$ | 2018 | down 75.3% | falling |
| 133 | Venezuela | 2.15 billion constant 2015 US$ | 2025 | down 90.2% | volatile |
| 134 | Montenegro | 1.60 billion constant 2015 US$ | 2025 | up 92.7% | rising |
| 135 | Bhutan | 1.37 billion constant 2015 US$ | 2024 | up 26.3% | rising |
| 136 | Djibouti | 1.09 billion constant 2015 US$ | 2025 | up 48.7% | rising |
| 137 | Maldives | 1.06 billion constant 2015 US$ | 2024 | down 13.8% | falling |
| 138 | Greenland | 1.05 billion constant 2015 US$ | 2023 | up 49.4% | rising |
| 139 | Bermuda | 872.17 million constant 2015 US$ | 2024 | up 11.6% | flat |
| 140 | Gambia | 845.19 million constant 2015 US$ | 2025 | up 201.4% | volatile |
| 141 | Lesotho | 842.88 million constant 2015 US$ | 2025 | up 26.0% | volatile |
| 142 | Equatorial Guinea | 793.80 million constant 2015 US$ | 2025 | down 75.5% | volatile |
| 143 | Eswatini | 666.99 million constant 2015 US$ | 2024 | up 10.2% | rising |
| 144 | Belize | 559.82 million constant 2015 US$ | 2024 | up 63.4% | rising |
| 145 | Haiti | 557.96 million constant 2015 US$ | 2025 | down 73.1% | falling |
| 146 | East Timor | 480.08 million constant 2015 US$ | 2024 | down 18.3% | volatile |
| 147 | Central African Republic | 475.95 million constant 2015 US$ | 2025 | up 36.4% | rising |
| 148 | Guinea-Bissau | 425.88 million constant 2015 US$ | 2025 | up 128.2% | rising |
| 149 | Seychelles | 394.30 million constant 2015 US$ | 2025 | up 2.4% | volatile |
| 150 | Solomon Islands | 343.23 million constant 2015 US$ | 2024 | up 97.0% | volatile |
| 151 | Samoa | 316.59 million constant 2015 US$ | 2025 | up 10.2% | rising |
| 152 | San Marino | 294.14 million constant 2015 US$ | 2023 | up 19.8% | rising |
| 153 | Vanuatu | 280.36 million constant 2015 US$ | 2024 | up 185.2% | rising |
| 154 | Comoros | 163.18 million constant 2015 US$ | 2025 | up 25.2% | rising |
| 155 | Tonga | 149.77 million constant 2015 US$ | 2024 | up 56.3% | rising |
| 156 | Kiribati | 90.99 million constant 2015 US$ | 2024 | up 92.8% | rising |
| 157 | Lebanon | 88.48 million constant 2015 US$ | 2024 | down 99.2% | volatile |
| 158 | Palau | 87.75 million constant 2015 US$ | 2024 | up 10.2% | rising |
| 159 | Marshall Islands | 60.68 million constant 2015 US$ | 2024 | up 61.1% | rising |
| 160 | Sao Tome and Principe | 46.50 million constant 2015 US$ | 2025 | up 24.0% | rising |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Kosovo 2.59 billion constant 2015 US$
- World 23.95 trillion constant 2015 US$
- High income 13.45 trillion constant 2015 US$
- OECD members 12.72 trillion constant 2015 US$
- Post-demographic dividend 11.84 trillion constant 2015 US$
- Europe & Central Asia 5.45 trillion constant 2015 US$
- North America 5.42 trillion constant 2015 US$
- Early-demographic dividend 3.72 trillion constant 2015 US$
- European Union 3.39 trillion constant 2015 US$
- Euro area 2.87 trillion constant 2015 US$
- Lower middle income 1.97 trillion constant 2015 US$
- Europe & Central Asia (IDA & IBRD countries) 1.29 trillion constant 2015 US$
About this data
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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.