Gross fixed capital formation (constant LCU) 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
166
Highest
20,969.70 trillion constant LCU
Iran
Lowest
60.68 million constant LCU
Marshall Islands
Median
190.71 billion constant LCU
Years covered
66
1960–2025
Data points
6,948
What the numbers show
Gross fixed capital formation (constant LCU) is currently reported for 166 countries. The highest value is 20,969.70 trillion constant LCU in Iran; the lowest is 60.68 million constant LCU in Marshall Islands.
The median across all reporting countries is 190.71 billion constant LCU, and the mean is 176.80 trillion constant LCU.
Over the past decade 140 countries rose and 25 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 | Iran | 20,969.70 trillion constant LCU | 2025 | down 11.7% | volatile |
| 2 | Indonesia | 4,205.40 trillion constant LCU | 2025 | up 44.4% | volatile |
| 3 | Vietnam | 2,329.31 trillion constant LCU | 2025 | up 95.4% | volatile |
| 4 | South Korea | 637.48 trillion constant LCU | 2025 | up 15.6% | volatile |
| 5 | Colombia | 169.87 trillion constant LCU | 2025 | down 9.7% | volatile |
| 6 | Japan | 154.68 trillion constant LCU | 2024 | up 7.6% | rising |
| 7 | Uzbekistan | 110.70 trillion constant LCU | 2025 | up 286.3% | volatile |
| 8 | India | 103.31 trillion constant LCU | 2025 | up 90.3% | volatile |
| 9 | Somalia | 97.53 trillion constant LCU | 2025 | up 247.4% | volatile |
| 10 | Tanzania | 68.96 trillion constant LCU | 2025 | up 129.3% | volatile |
| 11 | Paraguay | 55.34 trillion constant LCU | 2025 | up 58.5% | volatile |
| 12 | Cambodia | 53.28 trillion constant LCU | 2025 | up 86.7% | volatile |
| 13 | Chile | 52.11 trillion constant LCU | 2025 | up 20.0% | volatile |
| 14 | Guinea | 43.23 trillion constant LCU | 2025 | up 249.8% | volatile |
| 15 | Uganda | 41.78 trillion constant LCU | 2025 | up 76.9% | volatile |
| 16 | Laos | 34.53 trillion constant LCU | 2016 | up 140.0% | rising |
| 17 | Russia | 26.77 trillion constant LCU | 2025 | up 44.7% | rising |
| 18 | Cote d'Ivoire | 13.18 trillion constant LCU | 2025 | up 106.5% | volatile |
| 19 | Mongolia | 12.83 trillion constant LCU | 2025 | up 206.6% | rising |
| 20 | Hungary | 11.31 trillion constant LCU | 2025 | up 14.1% | rising |
| 21 | Bangladesh | 10.53 trillion constant LCU | 2025 | up 82.7% | volatile |
| 22 | Iraq | 10.13 trillion constant LCU | 2024 | down 73.0% | rising |
| 23 | Costa Rica | 9.43 trillion constant LCU | 2025 | up 31.5% | volatile |
| 24 | Madagascar | 7.80 trillion constant LCU | 2025 | up 67.1% | volatile |
| 25 | Kazakhstan | 7.50 trillion constant LCU | 2024 | up 78.3% | volatile |
| 26 | Rwanda | 7.27 trillion constant LCU | 2025 | up 155.0% | volatile |
| 27 | Senegal | 6.52 trillion constant LCU | 2025 | up 168.1% | volatile |
| 28 | Mexico | 5.78 trillion constant LCU | 2025 | up 4.4% | volatile |
| 29 | Cameroon | 5.49 trillion constant LCU | 2025 | up 51.6% | volatile |
| 30 | United States | 5.33 trillion constant LCU | 2024 | up 38.8% | rising |
| 31 | Philippines | 5.26 trillion constant LCU | 2025 | up 59.2% | rising |
| 32 | Democratic Republic of Congo | 5.08 trillion constant LCU | 2025 | up 90.1% | volatile |
| 33 | Pakistan | 4.67 trillion constant LCU | 2025 | up 9.6% | volatile |
| 34 | Algeria | 4.65 trillion constant LCU | 2025 | up 36.3% | volatile |
| 35 | Gabon | 4.52 trillion constant LCU | 2025 | up 132.7% | volatile |
| 36 | Benin | 3.49 trillion constant LCU | 2025 | up 153.1% | volatile |
| 37 | Sri Lanka | 3.47 trillion constant LCU | 2025 | up 6.2% | volatile |
| 38 | Mali | 3.47 trillion constant LCU | 2025 | up 58.3% | volatile |
| 39 | Burkina Faso | 2.79 trillion constant LCU | 2025 | up 108.6% | volatile |
| 40 | Thailand | 2.77 trillion constant LCU | 2025 | up 18.0% | volatile |
| 41 | Angola | 2.64 trillion constant LCU | 2024 | down 44.0% | rising |
| 42 | Niger | 2.43 trillion constant LCU | 2025 | up 30.0% | volatile |
| 43 | Kenya | 2.13 trillion constant LCU | 2025 | up 39.4% | volatile |
| 44 | Armenia | 1.94 trillion constant LCU | 2025 | up 106.8% | volatile |
| 45 | Serbia | 1.85 trillion constant LCU | 2025 | up 113.5% | volatile |
| 46 | Chad | 1.84 trillion constant LCU | 2025 | up 2.7% | volatile |
| 47 | Czechia | 1.75 trillion constant LCU | 2025 | up 32.4% | rising |
| 48 | Congo | 1.45 trillion constant LCU | 2025 | down 59.9% | volatile |
| 49 | Saudi Arabia | 1.38 trillion constant LCU | 2025 | up 31.3% | rising |
| 50 | Sweden | 1.35 trillion constant LCU | 2025 | up 23.4% | rising |
| 51 | Dominican Republic | 1.34 trillion constant LCU | 2025 | up 57.6% | volatile |
| 52 | Egypt | 1.03 trillion constant LCU | 2025 | up 1.9% | rising |
| 53 | Norway | 1.03 trillion constant LCU | 2025 | up 17.7% | rising |
| 54 | Togo | 1.03 trillion constant LCU | 2023 | up 174.3% | volatile |
| 55 | Iceland | 966.24 billion constant LCU | 2025 | up 84.5% | volatile |
| 56 | Ethiopia | 873.06 billion constant LCU | 2025 | up 64.8% | rising |
| 57 | Brazil | 840.52 billion constant LCU | 2025 | up 12.2% | rising |
| 58 | Nepal | 758.68 billion constant LCU | 2025 | up 41.4% | rising |
| 59 | Germany | 700.76 billion constant LCU | 2025 | up 4.0% | rising |
| 60 | Syria | 663.65 billion constant LCU | 2022 | up 256.9% | volatile |
| 61 | Australia | 655.84 billion constant LCU | 2025 | up 17.9% | volatile |
| 62 | South Africa | 646.55 billion constant LCU | 2025 | down 18.8% | volatile |
| 63 | Turkey | 636.65 billion constant LCU | 2025 | up 38.5% | volatile |
| 64 | Ukraine | 595.71 billion constant LCU | 2025 | up 94.6% | volatile |
| 65 | Albania | 572.99 billion constant LCU | 2025 | up 52.3% | rising |
| 66 | France | 567.80 billion constant LCU | 2025 | up 18.0% | rising |
| 67 | Denmark | 566.49 billion constant LCU | 2025 | up 33.2% | rising |
| 68 | Canada | 566.24 billion constant LCU | 2025 | up 7.6% | volatile |
| 69 | Hong Kong | 537.51 billion constant LCU | 2025 | down 6.0% | volatile |
| 70 | Poland | 492.81 billion constant LCU | 2025 | up 34.5% | rising |
| 71 | United Kingdom | 481.75 billion constant LCU | 2025 | up 25.6% | rising |
| 72 | Italy | 438.07 billion constant LCU | 2025 | up 50.6% | rising |
| 73 | Israel | 412.25 billion constant LCU | 2025 | up 58.3% | volatile |
| 74 | Malaysia | 386.18 billion constant LCU | 2025 | up 26.9% | volatile |
| 75 | Morocco | 356.42 billion constant LCU | 2024 | up 31.7% | volatile |
| 76 | Kyrgyzstan | 350.00 billion constant LCU | 2025 | up 140.5% | rising |
| 77 | Equatorial Guinea | 312.77 billion constant LCU | 2025 | down 75.5% | volatile |
| 78 | Uruguay | 307.28 billion constant LCU | 2025 | up 2.5% | volatile |
| 79 | United Arab Emirates | 290.94 billion constant LCU | 2009 | up 142.1% | rising |
| 80 | Spain | 289.10 billion constant LCU | 2025 | up 37.6% | rising |
| 81 | Guinea-Bissau | 251.78 billion constant LCU | 2025 | up 128.2% | rising |
| 82 | Switzerland | 209.56 billion constant LCU | 2025 | up 16.4% | rising |
| 83 | Djibouti | 190.96 billion constant LCU | 2025 | up 48.7% | rising |
| 84 | Afghanistan | 190.47 billion constant LCU | 2024 | — | rising |
| 85 | Netherlands | 187.86 billion constant LCU | 2025 | up 12.5% | rising |
| 86 | Romania | 166.75 billion constant LCU | 2025 | up 43.8% | volatile |
| 87 | North Macedonia | 154.64 billion constant LCU | 2024 | up 39.5% | rising |
| 88 | Peru | 149.01 billion constant LCU | 2025 | up 28.0% | volatile |
| 89 | Argentina | 144.91 billion constant LCU | 2025 | up 2.8% | rising |
| 90 | Singapore | 144.50 billion constant LCU | 2025 | up 25.4% | volatile |
| 91 | Belgium | 125.53 billion constant LCU | 2025 | up 21.4% | rising |
| 92 | Central African Republic | 123.67 billion constant LCU | 2025 | up 36.4% | rising |
| 93 | Lebanon | 123.03 billion constant LCU | 2024 | down 99.2% | volatile |
| 94 | Ireland | 112.81 billion constant LCU | 2025 | up 57.1% | volatile |
| 95 | Guatemala | 111.28 billion constant LCU | 2025 | up 72.4% | volatile |
| 96 | Mauritius | 99.76 billion constant LCU | 2025 | up 33.1% | volatile |
| 97 | Austria | 96.76 billion constant LCU | 2025 | up 13.6% | rising |
| 98 | Mauritania | 96.05 billion constant LCU | 2025 | up 39.3% | volatile |
| 99 | Comoros | 94.58 billion constant LCU | 2025 | up 25.2% | rising |
| 100 | Bhutan | 93.54 billion constant LCU | 2024 | up 26.3% | rising |
| 101 | New Zealand | 81.51 billion constant LCU | 2024 | up 28.3% | volatile |
| 102 | Nicaragua | 71.80 billion constant LCU | 2025 | up 33.6% | volatile |
| 103 | Moldova | 61.41 billion constant LCU | 2025 | up 74.2% | rising |
| 104 | Honduras | 56.28 billion constant LCU | 2025 | up 33.7% | volatile |
| 105 | Bolivia | 54.75 billion constant LCU | 2024 | down 9.4% | volatile |
| 106 | Finland | 53.57 billion constant LCU | 2025 | up 7.6% | rising |
| 107 | Belarus | 53.15 billion constant LCU | 2025 | up 2.8% | volatile |
| 108 | Macao | 51.15 billion constant LCU | 2025 | down 51.4% | volatile |
| 109 | Portugal | 50.01 billion constant LCU | 2025 | up 59.9% | rising |
| 110 | Botswana | 44.87 billion constant LCU | 2025 | up 19.1% | volatile |
| 111 | Namibia | 37.75 billion constant LCU | 2025 | down 16.6% | volatile |
| 112 | Vanuatu | 37.69 billion constant LCU | 2024 | up 185.2% | rising |
| 113 | Greece | 37.10 billion constant LCU | 2025 | up 91.3% | rising |
| 114 | Ghana | 31.03 billion constant LCU | 2024 | down 1.3% | flat |
| 115 | Gambia | 29.77 billion constant LCU | 2025 | up 201.4% | volatile |
| 116 | Haiti | 27.82 billion constant LCU | 2025 | down 73.1% | falling |
| 117 | Panama | 25.65 billion constant LCU | 2024 | up 16.6% | volatile |
| 118 | Maldives | 22.22 billion constant LCU | 2024 | down 13.8% | falling |
| 119 | Ecuador | 22.18 billion constant LCU | 2025 | down 8.1% | rising |
| 120 | Slovakia | 22.10 billion constant LCU | 2025 | up 5.5% | rising |
| 121 | Croatia | 18.55 billion constant LCU | 2025 | up 86.6% | rising |
| 122 | Tunisia | 17.40 billion constant LCU | 2025 | down 7.6% | volatile |
| 123 | Georgia | 15.33 billion constant LCU | 2025 | up 43.5% | rising |
| 124 | Lithuania | 14.99 billion constant LCU | 2025 | up 85.6% | rising |
| 125 | Sierra Leone | 14.67 billion constant LCU | 2025 | up 80.2% | volatile |
| 126 | Bulgaria | 14.29 billion constant LCU | 2025 | up 39.2% | rising |
| 127 | Puerto Rico | 13.84 billion constant LCU | 2025 | up 55.3% | rising |
| 128 | Yemen | 13.27 billion constant LCU | 2018 | down 75.3% | falling |
| 129 | Slovenia | 11.41 billion constant LCU | 2025 | up 46.9% | rising |
| 130 | Bosnia and Herzegovina | 10.75 billion constant LCU | 2024 | up 60.2% | rising |
| 131 | Eswatini | 10.34 billion constant LCU | 2024 | up 10.2% | rising |
| 132 | Libya | 10.11 billion constant LCU | 2025 | down 4.6% | falling |
| 133 | Luxembourg | 10.05 billion constant LCU | 2025 | down 1.0% | volatile |
| 134 | Oman | 9.22 billion constant LCU | 2024 | down 2.8% | rising |
| 135 | Lesotho | 9.02 billion constant LCU | 2025 | up 26.0% | volatile |
| 136 | Cuba | 8.26 billion constant LCU | 2024 | up 29.5% | rising |
| 137 | El Salvador | 8.08 billion constant LCU | 2025 | up 112.3% | rising |
| 138 | Latvia | 7.72 billion constant LCU | 2025 | up 31.6% | rising |
| 139 | Estonia | 7.57 billion constant LCU | 2025 | up 44.3% | rising |
| 140 | Zimbabwe | 6.61 billion constant LCU | 2024 | up 46.8% | rising |
| 141 | Greenland | 6.54 billion constant LCU | 2023 | up 49.4% | rising |
| 142 | Azerbaijan | 6.44 billion constant LCU | 2014 | up 22.9% | volatile |
| 143 | Cyprus | 6.00 billion constant LCU | 2025 | up 151.8% | rising |
| 144 | Seychelles | 5.32 billion constant LCU | 2025 | up 2.4% | volatile |
| 145 | Brunei | 5.17 billion constant LCU | 2025 | down 19.0% | rising |
| 146 | Bahrain | 4.46 billion constant LCU | 2024 | up 49.0% | rising |
| 147 | Eritrea | 4.01 billion constant LCU | 2011 | up 54.1% | volatile |
| 148 | Bahamas | 3.72 billion constant LCU | 2024 | up 4.3% | rising |
| 149 | Malta | 3.55 billion constant LCU | 2025 | up 32.3% | rising |
| 150 | Palestine | 3.40 billion constant LCU | 2025 | up 2.8% | rising |
| 151 | Solomon Islands | 2.50 billion constant LCU | 2024 | up 97.0% | volatile |
| 153 | Papua New Guinea | 1.71 billion constant LCU | 2004 | up 17.4% | rising |
| 154 | Montenegro | 1.45 billion constant LCU | 2025 | up 92.7% | rising |
| 155 | Belize | 1.15 billion constant LCU | 2024 | up 63.4% | rising |
| 156 | Venezuela | 1.13 billion constant LCU | 2025 | down 90.2% | volatile |
| 157 | Sao Tome and Principe | 1.01 billion constant LCU | 2025 | up 24.0% | rising |
| 158 | Bermuda | 850.30 million constant LCU | 2024 | up 11.6% | flat |
| 159 | Samoa | 760.56 million constant LCU | 2025 | up 10.2% | rising |
| 160 | East Timor | 480.08 million constant LCU | 2024 | down 18.3% | volatile |
| 161 | Tonga | 292.73 million constant LCU | 2024 | up 56.3% | rising |
| 162 | Tajikistan | 279.91 million constant LCU | 2013 | up 79.2% | volatile |
| 163 | San Marino | 239.14 million constant LCU | 2023 | up 19.8% | rising |
| 164 | Kiribati | 122.32 million constant LCU | 2024 | up 92.8% | rising |
| 165 | Sudan | 94.85 million constant LCU | 2025 | down 31.1% | falling |
| 166 | Palau | 90.52 million constant LCU | 2024 | up 10.2% | rising |
| 167 | Marshall Islands | 60.68 million constant LCU | 2024 | up 61.1% | rising |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Kosovo 2.18 billion constant LCU
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 varies by country. This series is expressed in local currency units.