Economy

Gross capital formation in US dollars

How much a country puts in each year into buildings, equipment, infrastructure and inventories.

Unit: US$ Period: 1960–2025 Source: World Development Indicators (World Bank)
Average: 160B US$ Countries: 187

The ranking uses the latest available value for each country — the year is shown in the row. The table spans 1969 to 2025.

Gross capital formation in US dollars, 1969–2025

Top-20 · US$

Gross capital formation in US dollars, 1969–202502T4T6T8TChinaChina: 7,582,053,246,055 US$7.58TUnited StatesUnited States: 6,308,623,000,000 US$6.31TIndiaIndia: 1,368,918,097,793 US$1.37TJapanJapan: 1,159,759,537,537 US$1.16TGermanyGermany: 1,107,742,809,147 US$1.11TUnited KingdomUnited Kingdom: 788,045,454,642 US$788BFranceFrance: 738,515,734,125 US$739BRussiaRussia: 663,165,293,732 US$663BItalyItaly: 567,711,664,035 US$568BSouth KoreaSouth Korea: 545,443,846,943 US$545BCanadaCanada: 537,159,688,324 US$537BTürkiyeTürkiye: 505,808,728,073 US$506BIndonesiaIndonesia: 442,636,843,060 US$443BAustraliaAustralia: 439,936,366,702 US$440BMexicoMexico: 414,378,221,909 US$414BSpainSpain: 408,167,988,907 US$408BSaudi ArabiaSaudi Arabia: 403,833,600,000 US$404BBrazilBrazil: 389,319,075,540 US$389BSwitzerlandSwitzerland: 307,711,245,586 US$308BNetherlandsNetherlands: 264,153,898,030 US$264B
Gross capital formation in US dollars — 1969–2025 Current breakdown Full series CSV XLSX JSON
# Year Subregion World rank
1 CN China 7.58T 2024 1
2 US United States 6.31T 2024 2
3 IN India 1.37T 2025 3
4 JP Japan 1.16T 2024 4
5 DE Germany 1.11T 2025 5
6 GB United Kingdom 788B 2025 6
7 FR France 739B 2025 7
8 RU Russia 663B 2025 8
9 IT Italy 568B 2025 9
10 KR South Korea 545B 2025 10
11 CA Canada 537B 2025 11
12 TR Türkiye 506B 2025 12
13 ID Indonesia 443B 2025 13
14 AU Australia 440B 2025 14
15 MX Mexico 414B 2025 15
16 ES Spain 408B 2025 16
17 SA Saudi Arabia 404B 2025 17
18 BR Brazil 389B 2025 18
19 CH Switzerland 308B 2025 19
20 NL Netherlands 264B 2025 20
21 BE Belgium 187B 2025 21
22 PL Poland 185B 2025 22
23 SE Sweden 170B 2025 23
24 IE Ireland 166B 2025 24
25 VN Vietnam 159B 2025 25
26 IR Iran 152B 2025 26
27 IL Israel 149B 2025 27
28 AE United Arab Emirates 139B 2023 28
29 AT Austria 137B 2025 29
30 SG Singapore 136B 2025 30
31 BD Bangladesh 130B 2025 31
32 DZ Algeria 130B 2025 32
33 TH Thailand 127B 2025 33
34 NO Norway 123B 2025 34
35 RO Romania 111B 2025 35
36 AR Argentina 110B 2025 36
37 PH Philippines 108B 2025 37
38 CZ Czechia 105B 2025 38
39 DK Denmark 102B 2025 39
40 MY Malaysia 96.62B 2025 40
41 CL Chile 85.97B 2025 41
42 KZ Kazakhstan 79.32B 2024 42
43 HK Hong Kong 78.41B 2025 43
44 CO Colombia 76.47B 2025 44
45 PT Portugal 72.92B 2025 45
46 QA Qatar 72.23B 2022 46
47 FI Finland 69.44B 2025 47
48 PE Peru 68.11B 2025 48
49 NZ New Zealand 60.39B 2024 49
50 ZA South Africa 59.26B 2025 50
51 PK Pakistan 58.17B 2025 51
52 MA Morocco 58.12B 2025 52
53 HU Hungary 54.6B 2025 53
54 IQ Iraq 53.51B 2024 54
55 UZ Uzbekistan 48.93B 2025 55
56 GR Greece 48.39B 2025 56
57 EG Egypt 47.08B 2025 57
58 UA Ukraine 44.52B 2025 58
59 TZ Tanzania 36.67B 2025 59
60 LK Sri Lanka 32.26B 2025 60
61 DO Dominican Republic 31.47B 2025 61
62 SK Slovakia 31.04B 2025 62
63 PA Panama 29.01B 2024 63
64 CD Democratic Republic of the Congo 28.81B 2025 64
65 BG Bulgaria 28.4B 2025 65
66 EC Ecuador 27.29B 2025 66
67 OM Oman 26.62B 2024 67
68 HR Croatia 25.83B 2025 68
69 ET Ethiopia 25.42B 2025 69
70 BY Belarus 25.33B 2025 70
71 KW Kuwait 24.3B 2024 71
72 RS Serbia 23.37B 2025 72
73 KE Kenya 23.05B 2025 73
74 LT Lithuania 21.17B 2025 74
75 GT Guatemala 20.68B 2025 75
76 CI Côte d'Ivoire 19.26B 2025 76
77 PR Puerto Rico 18.41B 2025 77
78 SI Slovenia 17.55B 2025 78
79 CR Costa Rica 16.24B 2025 79
80 KH Cambodia 16.16B 2025 80
81 LU Luxembourg 15.68B 2025 81
82 AZ Azerbaijan 14.34B 2025 82
83 UG Uganda 14.04B 2025 83
84 UY Uruguay 13.81B 2025 84
85 BH Bahrain 13.39B 2024 85
86 NP Nepal 13.38B 2025 86
87 PY Paraguay 12.46B 2025 87
88 LV Latvia 11.7B 2025 88
89 EE Estonia 11.69B 2025 89
90 CM Cameroon 11.4B 2025 90
91 AO Angola 10.97B 2024 91
92 CU Cuba 10.6B 2020 92
93 GN Guinea 10.49B 2025 93
94 IS Iceland 10.25B 2025 94
95 SN Senegal 9.95B 2025 95
96 BO Bolivia 9.85B 2024 96
97 SV El Salvador 9.67B 2025 97
98 HN Honduras 9.57B 2025 98
99 TM Turkmenistan 9.42B 2009 99
100 BA Bosnia and Herzegovina 9.37B 2025 100
101 BJ Benin 8.8B 2025 101
102 TN Tunisia 8.76B 2025 102
103 GH Ghana 8.25B 2024 103
104 GE Georgia 8.12B 2025 104
105 MN Mongolia 7.97B 2025 105
106 CY Cyprus 7.94B 2025 106
107 AM Armenia 7.08B 2025 107
108 LY Libya 6.86B 2025 108
109 AL Albania 6.75B 2024 109
110 MO Macao 6.38B 2025 110
111 KG Kyrgyzstan 6.33B 2025 111
112 MK North Macedonia 6.06B 2025 112
113 ML Mali 6.02B 2025 113
114 ZM Zambia 6.02B 2024 114
115 VE Venezuela 5.91B 2025 115
116 BW Botswana 5.81B 2025 116
117 NI Nicaragua 5.73B 2025 117
118 RW Rwanda 5.59B 2025 118
119 MZ Mozambique 5.4B 2025 119
120 GA Gabon 5.32B 2025 120
121 MT Malta 5.2B 2025 121
122 JO Jordan 5.18B 2007 122
123 MR Mauritania 5.18B 2025 123
124 MD Moldova 4.92B 2025 124
125 CG Republic of the Congo 4.79B 2025 125
126 BF Burkina Faso 4.76B 2025 126
127 NE Niger 4.76B 2025 127
128 TT Trinidad and Tobago 4.75B 2023 128
129 MG Madagascar 4.74B 2025 129
130 TJ Tajikistan 4.68B 2024 130
131 LA Laos 4.62B 2016 131
132 PS Palestine 4.39B 2025 132
133 TD Chad 4.37B 2025 133
134 XK Kosovo 4.31B 2025 134
135 BS Bahamas 4.24B 2024 135
136 BN Brunei Darussalam 4.08B 2025 136
137 HT Haiti 3.87B 2025 137
138 ZW Zimbabwe 3.67B 2024 138
139 SO Somalia 3.65B 2025 139
140 MU Mauritius 3.22B 2025 140
141 AF Afghanistan 3.04B 2024 141
142 NA Namibia 2.82B 2025 142
143 ME Montenegro 2.49B 2025 143
144 MW Malawi 2.35B 2025 144
145 TG Togo 2.18B 2023 145
146 MV Maldives 2.17B 2024 146
147 NC New Caledonia 1.89B 2024 147
148 SL Sierra Leone 1.73B 2025 148
149 SR Suriname 1.58B 2010 149
150 BT Bhutan 1.43B 2024 150
151 PF French Polynesia 1.39B 2024 151
152 YE Yemen 1.33B 2018 152
153 CW Curaçao 1.25B 2018 153
154 FJ Fiji 1.25B 2024 154
155 GL Greenland 1.2B 2023 155
156 FO Faroe Islands 1.14B 2024 156
157 AW Aruba 1.07B 2024 157
158 GM Gambia 1.05B 2025 158
159 BM Bermuda 1.01B 2024 159
160 LS Lesotho 804M 2025 160
161 PG Papua New Guinea 785M 2004 161
162 SZ Eswatini 727M 2024 162
163 SS South Sudan 690M 2015 163
164 GW Guinea-Bissau 653M 2025 164
165 BZ Belize 634M 2024 165
166 TL Timor-Leste 562M 2024 166
167 CV Cabo Verde 532M 2025 167
168 SC Seychelles 447M 2025 168
169 SD Sudan 442M 2025 169
170 WS Samoa 387M 2025 170
171 LB Lebanon 375M 2024 171
172 SY Syria 359M 1969 172
173 VU Vanuatu 339M 2024 173
174 SM San Marino 336M 2023 174
175 SB Solomon Islands 308M 2024 175
176 CF Central African Republic 285M 2025 176
177 GY Guyana 267M 2005 177
178 ER Eritrea 261M 2011 178
179 KM Comoros 215M 2025 179
180 TO Tonga 171M 2024 180
181 PW Palau 112M 2024 181
182 KI Kiribati 103M 2024 182
183 ST Sao Tome and Principe 85.79M 2025 183
184 DJ Djibouti 71.69M 2025 184
185 MH Marshall Islands 60.18M 2024 185
186 FM Micronesia 40.2M 1983 186
187 GQ Equatorial Guinea -472M 2025 187
Nothing found. Check the spelling of the name.
Maximum 7.58T US$
Median 10.25B US$
Minimum -472M US$
World 29.36T US$

About the indicator

Gross fixed capital formation and changes in inventories in current US dollars — what is commonly called investment in the economy. It covers the construction of buildings and structures, purchases of machinery and equipment, roads and networks, as well as the build-up of inventories. The word gross means that the wear of existing capital is not deducted: part of these outlays merely replaces what is retiring rather than adding to the stock.

Important: This concerns outlays on physical capital inside the country, not financial investment and not inflows of foreign capital.

Updates
quarterly
Unit of measurement
US$
Observation period
1960–2025
License
CC BY 4.0
Dataset
World Development Indicators