Data / Rankings / Gross fixed capital formation, share of GDP / Countries

Countries by gross fixed capital formation, share of GDP

Bhutan had the highest gross fixed capital formation, share of GDP of 168 countries in 2023, at 44.6% of GDP. Lebanon had the lowest, at 1.9% of GDP. The median was 22.1% of GDP and the figure for the World was 26% of GDP. Source: the World Bank.

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Highest44.6Bhutan
Lowest1.9Lebanon
Median22.1168 countries
World26History

Map of countries, 2023

Afghanistan: 15.2 % of GDPAlbania: 24.3 % of GDPArmenia: 20.6 % of GDPAngola: 12.4 % of GDPArgentina: 18.5 % of GDPAustria: 24.7 % of GDPAustralia: 23.2 % of GDPAzerbaijan: 17.4 % of GDPBosnia and Herzegovina: 23.8 % of GDPBangladesh: 31 % of GDPBelgium: 24.2 % of GDPBurkina Faso: 18.4 % of GDPBulgaria: 18.7 % of GDPBenin: 34.1 % of GDPBrunei: 29.4 % of GDPBolivia: 17.7 % of GDPBrazil: 16.4 % of GDPBahamas: 21.8 % of GDPBhutan: 44.6 % of GDPBotswana: 25.5 % of GDPBelarus: 22.6 % of GDPBelize: 20.5 % of GDPCanada: 23 % of GDPDemocratic Republic of the Congo: 34.1 % of GDPCentral African Republic: 14.6 % of GDPRepublic of the Congo: 24.9 % of GDPSwitzerland: 26.9 % of GDPCôte d’Ivoire: 20.6 % of GDPChile: 24.4 % of GDPCameroon: 19.1 % of GDPChina: 40.5 % of GDPColombia: 16.4 % of GDPCosta Rica: 16.6 % of GDPCuba: 12.9 % of GDPCyprus: 22 % of GDPCzechia: 27.9 % of GDPGermany: 21.2 % of GDPDjibouti: 24.6 % of GDPDenmark: 23.5 % of GDPDominican Republic: 29 % of GDPAlgeria: 32.7 % of GDPEcuador: 19.9 % of GDPEstonia: 25.4 % of GDPEgypt: 15.1 % of GDPSpain: 20.5 % of GDPEthiopia: 22.2 % of GDPFinland: 23.4 % of GDPFiji: 19.5 % of GDPFrance: 22.8 % of GDPGabon: 18.1 % of GDPUnited Kingdom: 18.9 % of GDPGeorgia: 21.5 % of GDPGhana: 9.9 % of GDPGreenland: 34.7 % of GDPGambia: 27.4 % of GDPGuinea: 24.5 % of GDPEquatorial Guinea: 8.6 % of GDPGreece: 15.9 % of GDPGuatemala: 16.3 % of GDPGuinea-Bissau: 21.3 % of GDPHong Kong: 17 % of GDPHonduras: 23.8 % of GDPCroatia: 24.7 % of GDPHaiti: 13.9 % of GDPHungary: 25.6 % of GDPIndonesia: 29.2 % of GDPIreland: 24.9 % of GDPIsrael: 24.7 % of GDPIndia: 31.9 % of GDPIraq: 12.5 % of GDPIran: 27.4 % of GDPIceland: 24.9 % of GDPItaly: 22.7 % of GDPJapan: 27.8 % of GDPKenya: 17.5 % of GDPKyrgyzstan: 22 % of GDPCambodia: 32.7 % of GDPKiribati: 24.7 % of GDPSouth Korea: 31.4 % of GDPKuwait: 18.2 % of GDPKazakhstan: 25 % of GDPLebanon: 1.9 % of GDPSri Lanka: 18.2 % of GDPLesotho: 28.2 % of GDPLithuania: 23.8 % of GDPLuxembourg: 16.1 % of GDPLatvia: 24 % of GDPLibya: 16.9 % of GDPMorocco: 25.1 % of GDPMoldova: 19.4 % of GDPMontenegro: 20.4 % of GDPMadagascar: 20.5 % of GDPNorth Macedonia: 24.7 % of GDPMali: 21 % of GDPMongolia: 25.3 % of GDPMauritania: 24 % of GDPMauritius: 20.3 % of GDPMexico: 23.3 % of GDPMalaysia: 19.2 % of GDPNamibia: 26.2 % of GDPNew Caledonia: 25.6 % of GDPNiger: 29.9 % of GDPNicaragua: 21.4 % of GDPNetherlands: 20.3 % of GDPNorway: 22.6 % of GDPNepal: 24.6 % of GDPNew Zealand: 24.8 % of GDPOman: 24.3 % of GDPPanama: 31.9 % of GDPPeru: 21.1 % of GDPFrench Polynesia: 22.7 % of GDPPhilippines: 23.6 % of GDPPakistan: 12.3 % of GDPPoland: 17.9 % of GDPPuerto Rico: 13.8 % of GDPPalestine: 23.6 % of GDPPortugal: 20.5 % of GDPPalau: 35.4 % of GDPParaguay: 20.6 % of GDPRomania: 26.5 % of GDPSerbia: 23.4 % of GDPRussia: 22.1 % of GDPRwanda: 34 % of GDPSaudi Arabia: 27.9 % of GDPSolomon Islands: 21.5 % of GDPSudan: 2.2 % of GDPSweden: 25.4 % of GDPSingapore: 21.9 % of GDPSlovenia: 21.6 % of GDPSlovakia: 21.1 % of GDPSierra Leone: 19.8 % of GDPSenegal: 35.3 % of GDPSomalia: 23.6 % of GDPEl Salvador: 22.4 % of GDPEswatini: 16.1 % of GDPChad: 16 % of GDPTogo: 21 % of GDPThailand: 22.9 % of GDPTajikistan: 28.3 % of GDPTimor-Leste: 17.4 % of GDPTurkmenistan: 18.4 % of GDPTunisia: 15.7 % of GDPTürkiye: 32.9 % of GDPTrinidad and Tobago: 19 % of GDPTanzania: 42.7 % of GDPUkraine: 19.9 % of GDPUganda: 22.1 % of GDPUnited States: 21.4 % of GDPUruguay: 17.3 % of GDPUzbekistan: 30.9 % of GDPVenezuela: 4.1 % of GDPVietnam: 30.1 % of GDPVanuatu: 20.6 % of GDPSamoa: 30.9 % of GDPSouth Africa: 14.9 % of GDPZambia: 26.4 % of GDPZimbabwe: 9.7 % of GDP
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% of GDP, 2023. Hatched areas have no value for this period. Source: World Bank, Gross fixed capital formation (% of GDP) (NE.GDI.FTOT.ZS). Boundaries: Natural Earth (public domain).

Top 40 countries, 2023

Bhutan: 44.6 % of GDPBhutan44.6Tanzania: 42.7 % of GDPTanzania42.7China: 40.5 % of GDPChina40.5Palau: 35.4 % of GDPPalau35.4Senegal: 35.3 % of GDPSenegal35.3Maldives: 34.8 % of GDPMaldives34.8Greenland: 34.7 % of GDPGreenland34.7Benin: 34.1 % of GDPBenin34.1Democratic Republic of the Congo: 34.1 % of GDPDemocratic Republic of the Congo34.1Rwanda: 34 % of GDPRwanda34Türkiye: 32.9 % of GDPTürkiye32.9Algeria: 32.7 % of GDPAlgeria32.7Cambodia: 32.7 % of GDPCambodia32.7Panama: 31.9 % of GDPPanama31.9India: 31.9 % of GDPIndia31.9South Korea: 31.4 % of GDPSouth Korea31.4Bangladesh: 31 % of GDPBangladesh31Uzbekistan: 30.9 % of GDPUzbekistan30.9Samoa: 30.9 % of GDPSamoa30.9Vietnam: 30.1 % of GDPVietnam30.1Niger: 29.9 % of GDPNiger29.9Brunei: 29.4 % of GDPBrunei29.4Indonesia: 29.2 % of GDPIndonesia29.2Dominican Republic: 29 % of GDPDominican Republic29Tajikistan: 28.3 % of GDPTajikistan28.3Lesotho: 28.2 % of GDPLesotho28.2Czechia: 27.9 % of GDPCzechia27.9Saudi Arabia: 27.9 % of GDPSaudi Arabia27.9Japan: 27.8 % of GDPJapan27.8Bahrain: 27.5 % of GDPBahrain27.5Gambia: 27.4 % of GDPGambia27.4Iran: 27.4 % of GDPIran27.4Switzerland: 26.9 % of GDPSwitzerland26.9Romania: 26.5 % of GDPRomania26.5Zambia: 26.4 % of GDPZambia26.4Namibia: 26.2 % of GDPNamibia26.2Tonga: 26.2 % of GDPTonga26.2New Caledonia: 25.6 % of GDPNew Caledonia25.6Hungary: 25.6 % of GDPHungary25.6Botswana: 25.5 % of GDPBotswana25.5Bhutan: 44.6 % of GDPBhutan44.6Tanzania: 42.7 % of GDPTanzania42.7China: 40.5 % of GDPChina40.5Palau: 35.4 % of GDPPalau35.4Senegal: 35.3 % of GDPSenegal35.3Maldives: 34.8 % of GDPMaldives34.8Greenland: 34.7 % of GDPGreenland34.7Benin: 34.1 % of GDPBenin34.1Democratic Republic of the Congo: 34.1 % of GDPDemocratic Republic of the Congo34.1Rwanda: 34 % of GDPRwanda34Türkiye: 32.9 % of GDPTürkiye32.9Algeria: 32.7 % of GDPAlgeria32.7Cambodia: 32.7 % of GDPCambodia32.7Panama: 31.9 % of GDPPanama31.9India: 31.9 % of GDPIndia31.9South Korea: 31.4 % of GDPSouth Korea31.4Bangladesh: 31 % of GDPBangladesh31Uzbekistan: 30.9 % of GDPUzbekistan30.9Samoa: 30.9 % of GDPSamoa30.9Vietnam: 30.1 % of GDPVietnam30.1Niger: 29.9 % of GDPNiger29.9Brunei: 29.4 % of GDPBrunei29.4Indonesia: 29.2 % of GDPIndonesia29.2Dominican Republic: 29 % of GDPDominican Republic29Tajikistan: 28.3 % of GDPTajikistan28.3Lesotho: 28.2 % of GDPLesotho28.2Czechia: 27.9 % of GDPCzechia27.9Saudi Arabia: 27.9 % of GDPSaudi Arabia27.9Japan: 27.8 % of GDPJapan27.8Bahrain: 27.5 % of GDPBahrain27.5Gambia: 27.4 % of GDPGambia27.4Iran: 27.4 % of GDPIran27.4Switzerland: 26.9 % of GDPSwitzerland26.9Romania: 26.5 % of GDPRomania26.5Zambia: 26.4 % of GDPZambia26.4Namibia: 26.2 % of GDPNamibia26.2Tonga: 26.2 % of GDPTonga26.2New Caledonia: 25.6 % of GDPNew Caledonia25.6Hungary: 25.6 % of GDPHungary25.6Botswana: 25.5 % of GDPBotswana25.5
% of GDP. Source: World Bank, Gross fixed capital formation (% of GDP) (NE.GDI.FTOT.ZS). Retrieved 2026-10-18.

Full ranking

RankCountries2023
% of GDP		Change on 2022
1Bhutan44.6-10.5 pts
2Tanzania42.7-0.1 pts
3China40.5-0.8 pts
4Palau35.4-7 pts
5Senegal35.3+0.6 pts
6Maldives34.8-1.8 pts
7Greenland34.7-1.8 pts
8Benin34.1+3.4 pts
9Democratic Republic of the Congo34.1-2.6 pts
10Rwanda34+2.4 pts
11Türkiye32.9+2.3 pts
12Algeria32.7+2.3 pts
13Cambodia32.7-1.3 pts
14Panama31.9+2.3 pts
15India31.9-0.5 pts
16South Korea31.4-0.5 pts
17Bangladesh31-1.1 pts
18Uzbekistan30.9+2.9 pts
19Samoa30.9+0.7 pts
20Vietnam30.1-0.4 pts
21Niger29.9-3 pts
22Brunei29.4+3.7 pts
23Indonesia29.2+0.1 pts
24Dominican Republic29-1 pts
25Tajikistan28.3-3.4 pts
26Lesotho28.2+1.1 pts
27Czechia27.9+0.3 pts
28Saudi Arabia27.9+3.6 pts
29Japan27.80 pts
30Bahrain27.5+0.7 pts
31Gambia27.4-1.2 pts
32Iran27.4+0.8 pts
33Switzerland26.9+0.6 pts
34Romania26.5+1.4 pts
35Zambia26.4+1.3 pts
36Namibia26.2+9.5 pts
37Tonga26.2-1.5 pts
38New Caledonia25.6-0.6 pts
39Hungary25.6-2 pts
40Botswana25.5+1.1 pts
41Sweden25.4-0.2 pts
42Estonia25.4+0.2 pts
43Mongolia25.3-4.5 pts
44Morocco25.1-1.5 pts
45Kazakhstan25+2.8 pts
46Iceland24.9+1.2 pts
47Republic of the Congo24.9+4.2 pts
48Ireland24.9+3.7 pts
49New Zealand24.8-0.7 pts
50Croatia24.7+3.1 pts
51Austria24.7-0.5 pts
52Kiribati24.7+2.4 pts
53North Macedonia24.7+0.6 pts
54Israel24.7-0.6 pts
55Djibouti24.6-4.3 pts
56Nepal24.6-4.4 pts
57Guinea24.5+9.3 pts
58Chile24.4-1.3 pts
59Seychelles24.4+5.9 pts
60Albania24.3-1.4 pts
61Oman24.3+1.3 pts
62Belgium24.2+0.3 pts
63Latvia24+0.7 pts
64Mauritania24-5.8 pts
65Lithuania23.8+1.4 pts
66Bosnia and Herzegovina23.8+1.2 pts
67Honduras23.8+1.3 pts
68Philippines23.6+0.3 pts
69Somalia23.6-0 pts
70Palestine23.6-1.4 pts
71Denmark23.5+0.4 pts
72Finland23.4-1.3 pts
73Serbia23.4-0.5 pts
74Mexico23.3+0.9 pts
75Australia23.2+0.1 pts
76Canada23-0 pts
77Thailand22.9-0.5 pts
78France22.8-0.7 pts
79Italy22.7+0.9 pts
80French Polynesia22.7+0.1 pts
81Norway22.6+3.2 pts
82Belarus22.6+3.1 pts
83El Salvador22.4+0.8 pts
84Ethiopia22.2-3.2 pts
85Russia22.1+2 pts
86Uganda22.1-1.4 pts
87Kyrgyzstan22+0.6 pts
88Cyprus22+1.6 pts
89Singapore21.9+1.5 pts
90Bahamas21.8-0.8 pts
91Slovenia21.6-0.4 pts
92Solomon Islands21.5-0.5 pts
93Georgia21.5+1.7 pts
94Nicaragua21.40 pts
95United States21.40 pts
96Guinea-Bissau21.3+0.7 pts
97Germany21.2-0.4 pts
98Slovakia21.1+0.2 pts
99Peru21.1-2.2 pts
100Togo21-6.1 pts
101Mali21-0.2 pts
102Paraguay20.6-1.5 pts
103Vanuatu20.6+1.4 pts
104Côte d’Ivoire20.6-1.7 pts
105Armenia20.6-0.5 pts
106Belize20.5-0 pts
107Portugal20.5-0.1 pts
108Madagascar20.5-1.4 pts
109Spain20.5-0 pts
110Montenegro20.4-1.3 pts
111Netherlands20.3-0.1 pts
112Mauritius20.3+0.5 pts
113Ukraine19.9+8 pts
114Ecuador19.9-0.7 pts
115Sierra Leone19.8+1.1 pts
116Marshall Islands19.7-3.2 pts
117Fiji19.5-0.6 pts
118Moldova19.4-2.7 pts
119Malaysia19.2+1 pts
120Cameroon19.1+0.3 pts
121Malta19.1-5.8 pts
122Trinidad and Tobago19+1.8 pts
123United Kingdom18.9-0.1 pts
124Bulgaria18.7+1.7 pts
125Argentina18.5+0.9 pts
126Burkina Faso18.4+0.2 pts
127Turkmenistan18.4+0.6 pts
128Kuwait18.2+2.1 pts
129Sri Lanka18.2-5.7 pts
130Gabon18.1+2 pts
131Poland17.9+1.5 pts
132Bolivia17.7+0.3 pts
133Kenya17.5-1.1 pts
134Azerbaijan17.4+5.4 pts
135Timor-Leste17.4+7.5 pts
136Uruguay17.3-1.6 pts
137Hong Kong17+0.9 pts
138San Marino16.9-0.9 pts
139Libya16.9+6.4 pts
140Costa Rica16.6-0.7 pts
141Colombia16.4-2.6 pts
142Brazil16.4-1.4 pts
143Guatemala16.3-0.4 pts
144Eswatini16.1+1 pts
145Luxembourg16.1-0.5 pts
146Chad16+1.5 pts
147Greece15.9+0.2 pts
148Tunisia15.7-0.6 pts
149Afghanistan15.2-1.4 pts
150Egypt15.1-2.9 pts
151South Africa14.9+0.8 pts
152Macao14.6-7.8 pts
153Central African Republic14.6-0.3 pts
154Haiti13.9-2 pts
155Puerto Rico13.8+0.3 pts
156Cuba12.9+1.4 pts
157Iraq12.5+2.8 pts
158Angola12.4-2 pts
159Pakistan12.3-1.6 pts
160Comoros12.1+0.2 pts
161Bermuda11.2-1.5 pts
162Ghana9.9-6.3 pts
163Zimbabwe9.7+2.1 pts
164Equatorial Guinea8.6+1 pts
165São Tomé and Príncipe6.1-2.1 pts
166Venezuela4.1-0.6 pts
167Sudan2.2-0 pts
168Lebanon1.9+0.7 pts

Other periods

About this ranking

Acquisitions less disposals of fixed assets, such as buildings, machinery, equipment and intellectual property, plus certain spending that adds to the value of non-produced assets such as land, as a percentage of GDP. World Bank national accounts data, compiled from national statistical offices and central banks and from OECD national accounts files.

Current prices, so the share moves with relative prices as well as volumes. Countries that rebase their national accounts can shift it by several points. The latest year varies by country.

Every value in the ranking comes from the same publisher and the same period, so the countries are compared on one definition. 12 countries with data in other periods have no value for 2023 and are left out rather than filled from another source. Equal values share a rank.

How to cite

World Bank, World Development Indicators. Gross fixed capital formation (% of GDP) (NE.GDI.FTOT.ZS). https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS. Retrieved 2026-10-18. Licensed under CC BY 4.0.

Citation styles

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APA 7

World Bank. (2026). Gross fixed capital formation (% of GDP) (NE.GDI.FTOT.ZS) (Countries by gross fixed capital formation, share of GDP, 2023) [Data set]. Retrieved October 18, 2026, from https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS

MLA 9

Gross fixed capital formation (% of GDP) (NE.GDI.FTOT.ZS), Countries by gross fixed capital formation, share of GDP, 2023. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS. Invokely, https://invokely.ai/rankings/gross-fixed-capital-formation-gdp/countries?period=2023. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Gross fixed capital formation (% of GDP) (NE.GDI.FTOT.ZS). Countries by gross fixed capital formation, share of GDP, 2023. Dataset. Accessed October 18, 2026. https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS. Also distributed by Invokely, https://invokely.ai/rankings/gross-fixed-capital-formation-gdp/countries?period=2023.

Harvard

World Bank (2026) Gross fixed capital formation (% of GDP) (NE.GDI.FTOT.ZS), Countries by gross fixed capital formation, share of GDP, 2023 [Dataset]. Available at: https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS, via Invokely: https://invokely.ai/rankings/gross-fixed-capital-formation-gdp/countries?period=2023 (Accessed: 18 October 2026).

BibTeX
@misc{world_countries_by_gross_fixed_2023,
  author = {{World Bank}},
  title = {{Gross fixed capital formation (\% of GDP) (NE.GDI.FTOT.ZS): Countries by gross fixed capital formation, share of GDP, 2023}},
  year = {2026},
  howpublished = {Data set},
  url = {https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS},
  urldate = {2026-10-18},
  note = {Accessed via Invokely, https://invokely.ai/rankings/gross-fixed-capital-formation-gdp/countries?period=2023. Publisher attribution: World Bank, World Development Indicators. Gross fixed capital formation (\% of GDP) (NE.GDI.FTOT.ZS). https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS. Retrieved 2026-10-18. Licensed under CC BY 4.0.},
}
RIS
TY  - DATA
AU  - World Bank
TI  - Gross fixed capital formation (% of GDP) (NE.GDI.FTOT.ZS): Countries by gross fixed capital formation, share of GDP, 2023
PY  - 2026
DA  - 2026/10/08
PB  - World Bank
DB  - Invokely
UR  - https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS
L2  - https://invokely.ai/rankings/gross-fixed-capital-formation-gdp/countries?period=2023
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/rankings/gross-fixed-capital-formation-gdp/countries?period=2023.
N1  - Publisher attribution: World Bank, World Development Indicators. Gross fixed capital formation (% of GDP) (NE.GDI.FTOT.ZS). https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS. Retrieved 2026-10-18. Licensed under CC BY 4.0.
ER  -
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Questions

Which country has the highest gross fixed capital formation, share of GDP?

Bhutan, with 44.6% of GDP in 2023, according to the World Bank.

Which country has the lowest gross fixed capital formation, share of GDP?

Lebanon, with 1.9% of GDP in 2023.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: World Bank, Gross fixed capital formation (% of GDP) (NE.GDI.FTOT.ZS). Retrieved 2026-10-18. 12 countries have no value for 2023 and are not ranked.

Gross fixed capital formation, share of GDP: other rankings

Countries: more rankings