Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — Northern Europe

Gross capital formation (% of GDP) in Northern Europe in 2025 — 21.3%. Since 1995, the indicator has risen by 1.6 pp.

2025 21.3% +0.7 pp vs 2024
World rank
Period maximum 23.8%2019
Period minimum 18%2009

Trend over time

1995–2025 · % of GDP

Gross capital formation (% of GDP) — Northern Europe, 1995–202518202224199519982001200420072010201320162019202220251995: 19.7%1996: 19.7%1997: 19.5%1998: 20.4%1999: 19.8%2000: 20.2%2001: 19.9%2002: 19.7%2003: 19.5%2004: 19.7%2005: 20.3%2006: 21.2%2007: 21.9%2008: 21%2009: 18%2010: 18.6%2011: 19%2012: 19%2013: 19.4%2014: 20.3%2015: 20.5%2016: 21.6%2017: 22.1%2018: 21.7%2019: 23.8%2020: 22.8%2021: 21.2%2022: 21.1%2023: 21.1%2024: 20.5%2025: 21.3%
Change over the period: +1.6 pp Annual average: 0.05 pp
Gross capital formation (% of GDP) — Northern Europe, by year Northern Europe All countries CSV XLSX
Year % Change, pp
2025 21.3 +0.7 pp
2024 20.5 −0.6 pp
2023 21.1 +0.1 pp
2022 21.1 −0.2 pp
2021 21.2 −1.6 pp
2020 22.8 −1 pp
2019 23.8 +2.1 pp
2018 21.7 −0.4 pp
2017 22.1 +0.5 pp
2016 21.6 +1.1 pp
2015 20.5 +0.2 pp
2014 20.3 +0.9 pp
2013 19.4 +0.4 pp
2012 19 −0 pp
2011 19 +0.4 pp
2010 18.6 +0.6 pp
2009 18 −3 pp
2008 21 −0.9 pp
2007 21.9 +0.7 pp
2006 21.2 +0.9 pp
2005 20.3 +0.6 pp
2004 19.7 +0.2 pp
2003 19.5 −0.2 pp
2002 19.7 −0.2 pp
2001 19.9 −0.2 pp
2000 20.2 +0.4 pp
1999 19.8 −0.5 pp
1998 20.4 +0.8 pp
1997 19.5 −0.2 pp
1996 19.7 +0 pp
1995 19.7

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.