Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — Northern America

Gross capital formation (% of GDP) in Northern America in 2024 — 21.6%. Since 2010, the indicator has risen by 2.5 pp.

2024 21.6% −0.1 pp vs 2023
World rank
Period maximum 22.3%2022
Period minimum 19.1%2010

Trend over time

2010–2024 · % of GDP

Gross capital formation (% of GDP) — Northern America, 2010–20241920212223201020122014201620182020202220242010: 19.1%2011: 19.6%2012: 20.4%2013: 20.8%2014: 21.3%2015: 21.6%2016: 21%2017: 21.3%2018: 21.7%2019: 21.8%2020: 21.5%2021: 21.6%2022: 22.3%2023: 21.7%2024: 21.6%
Change over the period: +2.5 pp Annual average: 0.18 pp

Comparison, 2024

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

Northern America 21.6%
World 26.3%
Gross capital formation (% of GDP) — Northern America, by year Northern America All countries CSV XLSX
Year % Change, pp
2024 21.6 −0.1 pp
2023 21.7 −0.5 pp
2022 22.3 +0.6 pp
2021 21.6 +0.1 pp
2020 21.5 −0.2 pp
2019 21.8 +0.1 pp
2018 21.7 +0.4 pp
2017 21.3 +0.3 pp
2016 21 −0.6 pp
2015 21.6 +0.3 pp
2014 21.3 +0.4 pp
2013 20.8 +0.4 pp
2012 20.4 +0.9 pp
2011 19.6 +0.4 pp
2010 19.1

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.