United States's gross fixed capital formation (current LCU) was 6.26 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 73.97% from 3.6 trillion in 2014 (5.69% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 6.26 trillion | 2024 |
| Five years earlier | 4.59 trillion | 2019 |
| Ten years earlier | 3.6 trillion | 2014 |
| Highest | 6.26 trillion | 2024 |
| Lowest | 217.46 billion | 1970 |
| Average since 2015 | 4.82 trillion | 2015–2024 |
| First recorded | 217.46 billion |
What the numbers say
In 2024, United States' gross fixed capital formation (current LCU) rose 5.2% on 2023 (from 5.95 trillion to 6.26 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +5.1% and a typical year strayed about 4.9% from that (the standard deviation). This year's change was 0.0 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 19.4% in 1978 and the biggest yearly fall was 13.2% 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 2015 to 2024 the straight-line trend is upward, about 278.02 billion a year. A straight line explains 96% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 6.77 trillion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 559.24 billion, against 867.44 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, United States had the 8th highest value of the 38 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 United States in the 2024 ranking
- Lebanon — 4th of 38: 33.59 trillion
- Kazakhstan — 5th of 38: 33.24 trillion
- Angola — 6th of 38: 11.05 trillion
- North Macedonia — 8th of 38: 226.48 billion
- New Caledonia — 9th of 38: 208.58 billion
- French Polynesia — 10th of 38: 152.8 billion
What this measures
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 55 values
| Year | Gross fixed capital formation (current LCU) |
|---|---|
| 2024 | 6,255,077,000,000 |
| 2023 | 5,945,275,000,000 |
| 2022 | 5,557,765,000,000 |
| 2021 | 5,051,935,000,000 |
| 2020 | 4,612,845,000,000 |
| 2019 | 4,594,718,000,000 |
| 2018 | 4,399,011,000,000 |
| 2017 | 4,116,417,000,000 |
| 2016 | 3,888,894,000,000 |
| 2015 | 3,777,790,000,000 |
Gross fixed capital formation (current LCU) in nearby economies
More economic policy & debt data for United States
- Total reserves, including gold (current US$) — US$1.39 trillion (2025)
- Total reserves, excluding gold (current US$) — US$243.27 billion (2025)
- GDP (current US$) — US$30.77 trillion (2025)
- GDP (current LCU) — 30.77 trillion (2025)
- GDP (constant 2015 US$) — US$23.22 trillion (2025)
- GDP (constant LCU) — 25.15 trillion (2025)
- GDP per capita (current US$) — US$90,027 (2025)
- GDP per capita (current LCU) — 90,027 (2025)
- GDP per capita (constant 2015 US$) — US$67,946 (2025)
- GDP per capita (constant LCU) — 73,574 (2025)
Reading data like this
Questions people ask
- What is United States's gross fixed capital formation (current LCU)?
- 6.26 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 2,776% from 217.46 billion in 1970 (6.42% a year on average, compounded). The highest value was 6.26 trillion in 2024 and the lowest 217.46 billion in 1970.
Source
World Bank, World Development Indicators, indicator NE.GDI.FTOT.CN, 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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