Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — OPEC

Gross capital formation (% of GDP) in OPEC in 2024 — 31%. Since 1970, the indicator has fallen by 1.3 pp.

2024 31% +1.6 pp vs 2023
World rank
Period maximum 39.9%1977
Period minimum 17%1989

Trend over time

1970–2024 · % of GDP

Gross capital formation (% of GDP) — OPEC, 1970–20241020304019701976198219881994200020062012201820241970: 32.3%1971: 29.9%1972: 31.5%1973: 23.9%1974: 29.2%1975: 31.9%1976: 37.6%1977: 39.9%1978: 38.7%1979: 28.6%1980: 31.1%1981: 30.9%1982: 31%1983: 30.3%1984: 29.1%1985: 23.9%1986: 22.7%1987: 21.1%1988: 21.3%1989: 17%1990: 29.4%1991: 25.9%1992: 25.1%1993: 21.2%1994: 18.6%1995: 20%1996: 21.9%1997: 18.4%1998: 19.9%1999: 20.3%2000: 18.6%2001: 20.8%2002: 21.9%2003: 23.1%2004: 23.5%2005: 21.6%2006: 22%2007: 24.4%2008: 24.7%2009: 27.1%2010: 26.2%2011: 24.7%2012: 26.8%2013: 27.8%2014: 28.2%2015: 29.7%2016: 28.1%2017: 26.8%2018: 25.1%2019: 27.5%2020: 27.4%2021: 27.9%2022: 27.4%2023: 29.5%2024: 31%
Change over the period: −1.3 pp Annual average: -0.02 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: OPEC

OPEC 31%
World 26.3%
Gross capital formation (% of GDP) — OPEC, by year OPEC All countries CSV XLSX
Year % Change, pp
2024 31 +1.6 pp
2023 29.5 +2 pp
2022 27.4 −0.5 pp
2021 27.9 +0.5 pp
2020 27.4 −0 pp
2019 27.5 +2.4 pp
2018 25.1 −1.7 pp
2017 26.8 −1.3 pp
2016 28.1 −1.6 pp
2015 29.7 +1.5 pp
2014 28.2 +0.4 pp
2013 27.8 +1 pp
2012 26.8 +2.1 pp
2011 24.7 −1.5 pp
2010 26.2 −0.9 pp
2009 27.1 +2.4 pp
2008 24.7 +0.3 pp
2007 24.4 +2.4 pp
2006 22 +0.4 pp
2005 21.6 −1.9 pp
2004 23.5 +0.4 pp
2003 23.1 +1.3 pp
2002 21.9 +1.1 pp
2001 20.8 +2.2 pp
2000 18.6 −1.7 pp
1999 20.3 +0.4 pp
1998 19.9 +1.5 pp
1997 18.4 −3.5 pp
1996 21.9 +1.9 pp
1995 20 +1.4 pp
1994 18.6 −2.6 pp
1993 21.2 −3.9 pp
1992 25.1 −0.7 pp
1991 25.9 −3.5 pp
1990 29.4 +12.4 pp
1989 17 −4.3 pp
1988 21.3 +0.2 pp
1987 21.1 −1.6 pp
1986 22.7 −1.1 pp
1985 23.9 −5.3 pp
1984 29.1 −1.2 pp
1983 30.3 −0.7 pp
1982 31 +0.1 pp
1981 30.9 −0.2 pp
1980 31.1 +2.5 pp
1979 28.6 −10.1 pp
1978 38.7 −1.2 pp
1977 39.9 +2.3 pp
1976 37.6 +5.7 pp
1975 31.9 +2.7 pp
1974 29.2 +5.3 pp
1973 23.9 −7.5 pp
1972 31.5 +1.6 pp
1971 29.9 −2.5 pp
1970 32.3

About the indicator

Gross capital formation as a percent of GDP: outlays on fixed assets (buildings, structures, machinery, transport equipment, infrastructure), changes in inventories of material working assets and net acquisition of valuables. A steadily high rate of capital formation is a necessary condition for fast growth: during the economic surges of East Asia the indicator exceeded 35–40% of GDP.

Source: World Development Indicators (World Bank), license CC BY 4.0.