Of the economies in the World Bank's latest release, China has the highest gross capital formation (constant 2015 US$) (US$7.36 trillion in 2025) and Djibouti the lowest (−US$82.41 million in 2025). The world figure is US$26.46 trillion (2025).
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 is 2015. This indicator is expressed in United States dollars.
Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on capital formation may be estimated from direct surveys of enterprises and administrative records or based on the commodity flow method using data from production, trade, and construction activities.
Each country's latest available year is shown; countries report on different schedules, so compare years before comparing values.
Ranking
| # | Economy | Latest value | Year |
|---|---|---|---|
| 1 | China | US$7.36 trillion | 2025 |
| 2 | United States | US$5.12 trillion | 2024 |
| 3 | Japan | US$1.24 trillion | 2024 |
| 4 | India | US$1.21 trillion | 2025 |
| 5 | Germany | US$771.95 billion | 2025 |
| 6 | United Kingdom | US$664.58 billion | 2025 |
| 7 | France | US$589.63 billion | 2025 |
| 8 | Korea, Rep. | US$527.1 billion | 2025 |
| 9 | Italy | US$459.25 billion | 2025 |
| 10 | Russian Federation | US$432.17 billion | 2025 |
| 11 | Indonesia | US$428.53 billion | 2025 |
| 12 | Canada | US$406.46 billion | 2025 |
| 13 | Brazil | US$344.8 billion | 2025 |
| 14 | Spain | US$309.59 billion | 2025 |
| 15 | Mexico | US$296.45 billion | 2025 |
| 16 | Saudi Arabia | US$286.19 billion | 2025 |
| 17 | Switzerland | US$234.7 billion | 2025 |
| 18 | Netherlands | US$187.92 billion | 2025 |
| 19 | Iran, Islamic Rep. | US$184.32 billion | 2025 |
| 20 | Viet Nam | US$148.92 billion | 2025 |
| 21 | Sweden | US$145.46 billion | 2025 |
| 22 | United Arab Emirates | US$134.43 billion | 2023 |
| 23 | Poland | US$131.44 billion | 2025 |
| 24 | Belgium | US$126.47 billion | 2025 |
| 25 | Ireland | US$121.15 billion | 2025 |
| 26 | Algeria | US$118.45 billion | 2025 |
| 27 | Singapore | US$106.08 billion | 2025 |
| 28 | Argentina | US$103.96 billion | 2025 |
| 29 | Israel | US$103.93 billion | 2025 |
| 30 | Norway | US$103.74 billion | 2025 |
| 31 | Bangladesh | US$102.98 billion | 2025 |
| 32 | Philippines | US$101.95 billion | 2025 |
| 33 | Malaysia | US$101.08 billion | 2025 |
| 34 | Austria | US$96.05 billion | 2025 |
| 35 | Denmark | US$79.73 billion | 2025 |
| 36 | Kazakhstan | US$79.18 billion | 2024 |
| 37 | Chile | US$73.49 billion | 2025 |
| 38 | Romania | US$66.72 billion | 2025 |
| 39 | Qatar | US$66.23 billion | 2020 |
| 40 | Czechia | US$64.74 billion | 2025 |
| 41 | Colombia | US$63.44 billion | 2025 |
| 42 | Peru | US$53.76 billion | 2025 |
| 43 | Pakistan | US$53.68 billion | 2025 |
| 44 | Finland | US$53.08 billion | 2025 |
| 45 | South Africa | US$51.11 billion | 2025 |
| 46 | New Zealand | US$50.31 billion | 2024 |
| 47 | Portugal | US$50.15 billion | 2025 |
| 48 | Morocco | US$49.02 billion | 2025 |
| 49 | Egypt, Arab Rep. | US$44.09 billion | 2025 |
| 50 | Ethiopia | US$41.64 billion | 2025 |
| 51 | Greece | US$36.69 billion | 2025 |
| 52 | Tanzania | US$33.05 billion | 2025 |
| 53 | Hungary | US$32.9 billion | 2025 |
| 54 | Dominican Republic | US$28.06 billion | 2025 |
| 55 | Ukraine | US$26.3 billion | 2025 |
| 56 | Panama | US$25.84 billion | 2024 |
| 57 | Ecuador | US$24.6 billion | 2025 |
| 58 | Sri Lanka | US$24.42 billion | 2025 |
| 59 | Oman | US$24 billion | 2024 |
| 60 | Côte d'Ivoire | US$23.74 billion | 2025 |
| 61 | Kuwait | US$23.28 billion | 2024 |
| 62 | Congo, Dem. Rep. | US$21.87 billion | 2025 |
| 63 | Slovak Republic | US$21.86 billion | 2025 |
| 64 | Kenya | US$20.43 billion | 2025 |
| 65 | Belarus | US$17.86 billion | 2025 |
| 66 | Angola | US$17.12 billion | 2024 |
| 67 | Croatia | US$16.52 billion | 2025 |
| 68 | Serbia | US$16.06 billion | 2025 |
| 69 | Guatemala | US$15.68 billion | 2025 |
| 70 | Bulgaria | US$14.61 billion | 2025 |
| 71 | Iraq | US$14.54 billion | 2024 |
| 72 | Lithuania | US$14.31 billion | 2025 |
| 73 | Uganda | US$14.21 billion | 2025 |
| 74 | Paraguay | US$14.2 billion | 2025 |
| 75 | Ghana | US$13.89 billion | 2024 |
| 76 | Costa Rica | US$13.5 billion | 2025 |
| 77 | Cambodia | US$13.43 billion | 2025 |
| 78 | Slovenia | US$12.36 billion | 2025 |
| 79 | Bahrain | US$12.01 billion | 2024 |
| 80 | Nepal | US$11.89 billion | 2025 |
| 81 | Uruguay | US$11.23 billion | 2025 |
| 82 | Senegal | US$10.62 billion | 2025 |
| 83 | Luxembourg | US$10.51 billion | 2025 |
| 84 | Latvia | US$10.2 billion | 2025 |
| 85 | Gabon | US$9.83 billion | 2025 |
| 86 | Cameroon | US$9.05 billion | 2025 |
| 87 | Tunisia | US$8.87 billion | 2025 |
| 88 | Cuba | US$8.52 billion | 2024 |
| 89 | El Salvador | US$8.35 billion | 2025 |
| 90 | Libya | US$7.95 billion | 2025 |
| 91 | Estonia | US$7.46 billion | 2025 |
| 92 | Mongolia | US$7.38 billion | 2025 |
| 93 | Honduras | US$7.3 billion | 2025 |
| 94 | Guinea | US$7.17 billion | 2025 |
| 95 | Bosnia and Herzegovina | US$6.95 billion | 2025 |
| 96 | Puerto Rico (US) | US$6.61 billion | 2025 |
| 97 | Bolivia | US$6.4 billion | 2024 |
| 98 | Cyprus | US$6.21 billion | 2025 |
| 99 | Botswana | US$6.18 billion | 2024 |
| 100 | Iceland | US$6.12 billion | 2025 |
| 101 | Benin | US$5.97 billion | 2025 |
| 102 | Mali | US$5.8 billion | 2025 |
| 103 | Georgia | US$5.6 billion | 2025 |
| 104 | Macao SAR, China | US$5.57 billion | 2025 |
| 105 | Kyrgyz Republic | US$5.4 billion | 2025 |
| 106 | Nicaragua | US$5.4 billion | 2025 |
| 107 | Mauritania | US$5.28 billion | 2025 |
| 108 | Burkina Faso | US$5.24 billion | 2025 |
| 109 | Armenia | US$5 billion | 2025 |
| 110 | Lao PDR | US$4.87 billion | 2016 |
| 111 | Mozambique | US$4.84 billion | 2025 |
| 112 | Rwanda | US$4.7 billion | 2025 |
| 113 | Albania | US$4.51 billion | 2024 |
| 114 | Niger | US$4.33 billion | 2025 |
| 115 | Tajikistan | US$4.28 billion | 2024 |
| 116 | Zimbabwe | US$4.02 billion | 2024 |
| 117 | Congo, Rep. | US$3.93 billion | 2025 |
| 118 | Togo | US$3.9 billion | 2023 |
| 119 | Bahamas, The | US$3.74 billion | 2024 |
| 120 | Malta | US$3.7 billion | 2025 |
| 121 | Brunei Darussalam | US$3.7 billion | 2025 |
| 122 | North Macedonia | US$3.67 billion | 2025 |
| 123 | West Bank and Gaza | US$3.64 billion | 2025 |
| 124 | Madagascar | US$3.53 billion | 2025 |
| 125 | Moldova | US$3.49 billion | 2025 |
| 126 | Chad | US$3.25 billion | 2025 |
| 127 | Venezuela, RB | US$2.83 billion | 2025 |
| 128 | Somalia, Fed. Rep. | US$2.81 billion | 2025 |
| 129 | Mauritius | US$2.8 billion | 2025 |
| 130 | Kosovo | US$2.79 billion | 2025 |
| 131 | Namibia | US$2.53 billion | 2025 |
| 132 | Sierra Leone | US$2.27 billion | 2025 |
| 133 | Yemen, Rep. | US$2.16 billion | 2018 |
| 134 | Montenegro | US$1.69 billion | 2025 |
| 135 | Bhutan | US$1.4 billion | 2024 |
| 136 | Greenland | US$1.04 billion | 2023 |
| 137 | Maldives | US$948.67 million | 2024 |
| 138 | Lesotho | US$876.02 million | 2025 |
| 139 | Bermuda | US$872.17 million | 2024 |
| 140 | Gambia, The | US$845.19 million | 2025 |
| 141 | Eswatini | US$605.51 million | 2024 |
| 142 | Cabo Verde | US$558.46 million | 2025 |
| 143 | Haiti | US$557.96 million | 2025 |
| 144 | Timor-Leste | US$543.83 million | 2024 |
| 145 | Belize | US$519.12 million | 2024 |
| 146 | Equatorial Guinea | US$413.16 million | 2025 |
| 147 | Seychelles | US$394.3 million | 2025 |
| 148 | Samoa | US$348.7 million | 2025 |
| 149 | Solomon Islands | US$347.76 million | 2024 |
| 150 | Vanuatu | US$335.3 million | 2024 |
| 151 | Guinea-Bissau | US$329 million | 2025 |
| 152 | Central African Republic | US$317.18 million | 2025 |
| 153 | Comoros | US$160.36 million | 2025 |
| 154 | Tonga | US$150.61 million | 2024 |
| 155 | Kiribati | US$94.93 million | 2024 |
| 156 | Lebanon | US$89.93 million | 2024 |
| 157 | Palau | US$85.63 million | 2024 |
| 158 | Marshall Islands | US$56.43 million | 2024 |
| 159 | São Tomé and Principe | US$46.91 million | 2025 |
| 160 | Djibouti | −US$82.41 million | 2025 |
Regions and income groups
More economic policy & debt indicators
- Trade in services (% of GDP)
- Communications, computer, etc. (% of service imports, BoP)
- Primary income payments (BoP, current US$)
- Imports of goods and services (current US$, BoP)
- Insurance and financial services (% of service imports, BoP)
- Goods imports (current US$, BoP)
- Service imports (current US$, BoP)
- Charges for the use of intellectual property, payments (BoP, current US$)
- Imports of goods, services and primary income (current US$, BoP)
- Transport services (% of service imports, BoP)
- Travel services (% of service imports, BoP)
- Foreign direct investment, net outflows (BoP, current US$)
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Source
World Bank, World Development Indicators, NE.GDI.TOTL.KD, 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) View on data.worldbank.org; the full definition is in the World Bank's metadata glossary.
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