Germany: Gross capital formation (constant LCU)

Key figures

What the numbers say

In 2025, Germany's gross capital formation (constant LCU) rose 3.1% on 2024 (from 745.16 billion to 768.18 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +0.7% and a typical year strayed about 6.3% from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 12.9% in 2010 and the biggest yearly fall was 18.7% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 25% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Germany had the 51st highest value of the 123 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Germany in the 2025 ranking

• Nepal — 48th of 123: 947.85 billion
• Ethiopia — 49th of 123: 873.06 billion
• Brazil — 50th of 123: 776.57 billion
• Ukraine — 52nd of 123: 658.13 billion
• South Africa — 53rd of 123: 651.69 billion
• Canada — 54th of 123: 579.29 billion

What this measures

Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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.

All 56 values

Gross capital formation (constant LCU) in nearby economies

• Albania — 565.85 billion (2024)
• Armenia — 2.15 trillion (2025)
• Austria — 94.52 billion (2025)
• Belarus — 57.67 billion (2025)
• Belgium — 123.12 billion (2025)
• Bosnia and Herzegovina — 12.75 billion (2025)
• Bulgaria — 14.78 billion (2025)
• Croatia — 16.62 billion (2025)
• Cyprus — 5.78 billion (2025)
• Czechia — 1.77 trillion (2025)
• Denmark

More economic policy & debt data for Germany

• Total reserves, including gold (current US$) — US$572.2 billion (2025)
• Total reserves, excluding gold (current US$) — US$101.73 billion (2025)
• GDP (current US$) — US$5.05 trillion (2025)
• GDP (current LCU) — 4.47 trillion (2025)
• GDP (constant 2015 US$) — US$3.69 trillion (2025)
• GDP (constant LCU) — 3.61 trillion (2025)
• GDP per capita (current US$) — US$60,496 (2025)
• GDP per capita (current LCU) — 53,538 (2025)
• GDP per capita (constant 2015 US$) — US$44,147 (2025)
• GDP per capita (constant LCU) — 43,232 (2025)
• GNI (current US$)

Reading data like this

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Questions people ask

What is Germany's gross capital formation (constant LCU)?

768.18 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 76.96% from 434.1 billion in 1970 (1.04% a year on average, compounded). The highest value was 797.65 billion in 2021 and the lowest 384.55 billion in 1975.

How does Germany rank?

51st highest of 123 economies with data for 2025.

Is the latest change in gross capital formation (constant LCU) unusual for Germany?

In 2025, Germany's gross capital formation (constant LCU) rose 3.1% on 2024 (from 745.16 billion to 768.18 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.7% and a typical year strayed about 6.3% from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NE.GDI.TOTL.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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