Of the economies in the World Bank's latest release, United States has the highest gross fixed capital formation (constant 2015 US$) (US$5.02 trillion in 2024) and São Tomé and Principe the lowest (US$46.5 million in 2025). The world figure is US$23.95 trillion (2024).
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 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.
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 | United States | US$5.02 trillion | 2024 |
| 2 | Japan | US$1.25 trillion | 2024 |
| 3 | India | US$1.15 trillion | 2025 |
| 4 | Germany | US$703.36 billion | 2025 |
| 5 | United Kingdom | US$664.11 billion | 2025 |
| 6 | France | US$592.76 billion | 2025 |
| 7 | Korea, Rep. | US$519.1 billion | 2025 |
| 8 | Italy | US$474.73 billion | 2025 |
| 9 | Australia | US$417.59 billion | 2025 |
| 10 | Indonesia | US$408.01 billion | 2025 |
| 11 | Russian Federation | US$406.61 billion | 2025 |
| 12 | Canada | US$399.43 billion | 2025 |
| 13 | Brazil | US$360.56 billion | 2025 |
| 14 | Türkiye | US$359.76 billion | 2025 |
| 15 | Spain | US$303.7 billion | 2025 |
| 16 | Mexico | US$293.55 billion | 2025 |
| 17 | Saudi Arabia | US$265.99 billion | 2025 |
| 18 | Switzerland | US$217.8 billion | 2025 |
| 19 | Netherlands | US$190.31 billion | 2025 |
| 20 | Sweden | US$143.8 billion | 2025 |
| 21 | Viet Nam | US$141.05 billion | 2025 |
| 22 | Poland | US$130.74 billion | 2025 |
| 23 | Belgium | US$129.57 billion | 2025 |
| 24 | Thailand | US$116.14 billion | 2025 |
| 25 | Ireland | US$115.27 billion | 2025 |
| 26 | Norway | US$113.93 billion | 2025 |
| 27 | Algeria | US$109.39 billion | 2025 |
| 28 | Philippines | US$108.48 billion | 2025 |
| 29 | Singapore | US$105.11 billion | 2025 |
| 30 | Bangladesh | US$102.98 billion | 2025 |
| 31 | Israel | US$102.07 billion | 2025 |
| 32 | Malaysia | US$98.88 billion | 2025 |
| 33 | Austria | US$98.72 billion | 2025 |
| 34 | Argentina | US$95.21 billion | 2025 |
| 35 | Iran, Islamic Rep. | US$91.65 billion | 2025 |
| 36 | Denmark | US$79.59 billion | 2025 |
| 37 | Uzbekistan | US$77.9 billion | 2025 |
| 38 | Chile | US$74.08 billion | 2025 |
| 39 | Kazakhstan | US$72.2 billion | 2024 |
| 40 | Hong Kong SAR, China | US$65.17 billion | 2025 |
| 41 | Czechia | US$64.31 billion | 2025 |
| 42 | Romania | US$63.75 billion | 2025 |
| 43 | Colombia | US$61.95 billion | 2025 |
| 44 | Peru | US$56.1 billion | 2025 |
| 45 | Finland | US$53.77 billion | 2025 |
| 46 | New Zealand | US$50.87 billion | 2024 |
| 47 | South Africa | US$50.71 billion | 2025 |
| 48 | Portugal | US$49.82 billion | 2025 |
| 49 | Pakistan | US$46.37 billion | 2025 |
| 50 | Egypt, Arab Rep. | US$45.85 billion | 2025 |
| 51 | Ethiopia | US$41.64 billion | 2025 |
| 52 | Greece | US$41.54 billion | 2025 |
| 53 | Morocco | US$36.71 billion | 2024 |
| 54 | Tanzania | US$34.65 billion | 2025 |
| 55 | Hungary | US$31.85 billion | 2025 |
| 56 | Oman | US$25.69 billion | 2024 |
| 57 | Sri Lanka | US$25.54 billion | 2025 |
| 58 | Dominican Republic | US$25.24 billion | 2025 |
| 59 | Panama | US$24.02 billion | 2024 |
| 60 | Ukraine | US$24 billion | 2025 |
| 61 | Slovak Republic | US$22.89 billion | 2025 |
| 62 | Côte d'Ivoire | US$22.29 billion | 2025 |
| 63 | Kenya | US$21.59 billion | 2025 |
| 64 | Ecuador | US$20.15 billion | 2025 |
| 65 | Congo, Dem. Rep. | US$20.06 billion | 2025 |
| 66 | Croatia | US$18.16 billion | 2025 |
| 67 | Angola | US$17.1 billion | 2024 |
| 68 | Belarus | US$16.63 billion | 2025 |
| 69 | Guatemala | US$15.56 billion | 2025 |
| 70 | Lithuania | US$15.11 billion | 2025 |
| 71 | Serbia | US$14.81 billion | 2025 |
| 72 | Bulgaria | US$14.74 billion | 2025 |
| 73 | Costa Rica | US$14.09 billion | 2025 |
| 74 | Puerto Rico (US) | US$13.68 billion | 2025 |
| 75 | Ghana | US$13.55 billion | 2024 |
| 76 | Uganda | US$13.33 billion | 2025 |
| 77 | Cambodia | US$13.09 billion | 2025 |
| 78 | Bahrain | US$12.94 billion | 2024 |
| 79 | Slovenia | US$11.87 billion | 2025 |
| 80 | Uruguay | US$11.7 billion | 2025 |
| 81 | Paraguay | US$11.14 billion | 2025 |
| 82 | Senegal | US$10.97 billion | 2025 |
| 83 | Luxembourg | US$10.29 billion | 2025 |
| 84 | Gabon | US$9.78 billion | 2025 |
| 85 | Nepal | US$9.49 billion | 2025 |
| 86 | Iraq | US$9.2 billion | 2024 |
| 87 | Cameroon | US$9.09 billion | 2025 |
| 88 | Tunisia | US$8.87 billion | 2025 |
| 89 | Cuba | US$8.44 billion | 2024 |
| 90 | Estonia | US$8.09 billion | 2025 |
| 91 | Libya | US$7.95 billion | 2025 |
| 92 | El Salvador | US$7.81 billion | 2025 |
| 93 | Latvia | US$7.73 billion | 2025 |
| 94 | Guinea | US$7.37 billion | 2025 |
| 95 | Honduras | US$6.64 billion | 2025 |
| 96 | Mongolia | US$6.51 billion | 2025 |
| 97 | Cyprus | US$6.43 billion | 2025 |
| 98 | Iceland | US$6.24 billion | 2025 |
| 99 | Bolivia | US$6.08 billion | 2024 |
| 100 | Benin | US$5.91 billion | 2025 |
| 101 | Mali | US$5.86 billion | 2025 |
| 102 | Bosnia and Herzegovina | US$5.75 billion | 2024 |
| 103 | Macao SAR, China | US$5.43 billion | 2025 |
| 104 | Syrian Arab Republic | US$5.29 billion | 2022 |
| 105 | Kyrgyz Republic | US$5.23 billion | 2025 |
| 106 | Georgia | US$5.23 billion | 2025 |
| 107 | Rwanda | US$5.22 billion | 2025 |
| 108 | Nicaragua | US$4.99 billion | 2025 |
| 109 | Lao PDR | US$4.87 billion | 2016 |
| 110 | Burkina Faso | US$4.73 billion | 2025 |
| 111 | Albania | US$4.56 billion | 2025 |
| 112 | Armenia | US$4.5 billion | 2025 |
| 113 | Botswana | US$4.37 billion | 2025 |
| 114 | Niger | US$4.1 billion | 2025 |
| 115 | Congo, Rep. | US$3.89 billion | 2025 |
| 116 | Brunei Darussalam | US$3.67 billion | 2025 |
| 117 | Madagascar | US$3.59 billion | 2025 |
| 118 | Bahamas, The | US$3.59 billion | 2024 |
| 119 | Malta | US$3.55 billion | 2025 |
| 120 | West Bank and Gaza | US$3.4 billion | 2025 |
| 121 | Togo | US$3.34 billion | 2023 |
| 122 | Chad | US$3.33 billion | 2025 |
| 123 | Moldova | US$3.26 billion | 2025 |
| 124 | North Macedonia | US$3.03 billion | 2024 |
| 125 | Mauritania | US$2.95 billion | 2025 |
| 126 | Namibia | US$2.93 billion | 2025 |
| 127 | Somalia, Fed. Rep. | US$2.81 billion | 2025 |
| 128 | Zimbabwe | US$2.78 billion | 2024 |
| 129 | Mauritius | US$2.7 billion | 2025 |
| 130 | Kosovo | US$2.59 billion | 2024 |
| 131 | Sierra Leone | US$2.18 billion | 2025 |
| 132 | Yemen, Rep. | US$2.16 billion | 2018 |
| 133 | Venezuela, RB | US$2.15 billion | 2025 |
| 134 | Montenegro | US$1.6 billion | 2025 |
| 135 | Bhutan | US$1.37 billion | 2024 |
| 136 | Djibouti | US$1.09 billion | 2025 |
| 137 | Maldives | US$1.06 billion | 2024 |
| 138 | Greenland | US$1.05 billion | 2023 |
| 139 | Bermuda | US$872.17 million | 2024 |
| 140 | Gambia, The | US$845.19 million | 2025 |
| 141 | Lesotho | US$842.88 million | 2025 |
| 142 | Equatorial Guinea | US$793.8 million | 2025 |
| 143 | Eswatini | US$666.99 million | 2024 |
| 144 | Belize | US$559.82 million | 2024 |
| 145 | Haiti | US$557.96 million | 2025 |
| 146 | Timor-Leste | US$480.08 million | 2024 |
| 147 | Central African Republic | US$475.96 million | 2025 |
| 148 | Guinea-Bissau | US$425.88 million | 2025 |
| 149 | Seychelles | US$394.3 million | 2025 |
| 150 | Solomon Islands | US$343.23 million | 2024 |
| 151 | Samoa | US$316.59 million | 2025 |
| 152 | Vanuatu | US$280.36 million | 2024 |
| 153 | Comoros | US$163.18 million | 2025 |
| 154 | Tonga | US$149.77 million | 2024 |
| 155 | Kiribati | US$90.99 million | 2024 |
| 156 | Lebanon | US$88.48 million | 2024 |
| 157 | Palau | US$87.75 million | 2024 |
| 158 | Marshall Islands | US$60.68 million | 2024 |
| 159 | São Tomé and Principe | US$46.5 million | 2025 |
Regions and income groups
More economic policy & debt indicators
- Trade in services (% of GDP)
- Communications, computer, etc. (% of service imports, BoP)
- Primary income payments (BoP, current US$)
- 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$, BoP)
- Transport services (% of service imports, BoP)
- Travel services (% of service imports, BoP)
- Foreign direct investment, net outflows (BoP, current US$)
Reading data like this
Source
World Bank, World Development Indicators, NE.GDI.FTOT.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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