Investment by country: the latest data

* indicates monthly or quarterly data series
Select indicator
* indicates monthly or quarterly data series
The table shows the total value of physical capital formation, i.e. the purchase of plant, machinery, and equipment as well as land improvements and the construction of roads, railways, schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. The data are reported on a quarterly basis.

The first column of numbers shows the latest numbers made available by the national authorities. The next two columns show the percent change from the previous quarter and the percent change from the same quarter last year. Note that the investment data are in nominal terms so that changes over time represent changes in amounts as well as prices.

Looking across countries, investment is about 20 percent of GDP and its fluctuations are a major contributor to the business cycle. It is typically investment that sharply declines during recessions and leads during economic expansions. It responds to economic growth as firms try to position themselves in an expanding economy and, also, leads economic growth as investment enhances the productive capacity of the economy.

Definition: Gross fixed capital formation including land improvements; plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings.

Countries Latest available value Reference date Change three months Change twelve months
Albania 110.56 Q1 / 2023 -34.88% 11.53%
Algeria 2321.40 Q4 / 2022 17.81% 12.10%
Argentina 7482.51 Q2 / 2023 32.26% 119.22%
Armenia 375.35 Q2 / 2023 44.28% 21.03%
Australia 165.37 Q2 / 2023 24.26% 11.96%
Austria 30.24 Q2 / 2023 6.15% 6.84%
Azerbaijan 3.32 Q1 / 2023 -49.57% 0.11%
Bahamas 0.73 Q4 / 2022 -18.32% 12.16%
Belarus 8.62 Q1 / 2023 -26.60% 9.07%
Belgium 36.43 Q2 / 2023 8.54% 11.62%
Bermuda 0.23 Q1 / 2023 -3.86% -0.81%
Bolivia 11.01 Q1 / 2023 -33.76% 11.34%
Bosnia and Herzegovina 2.46 Q1 / 2023 -11.17% 18.94%
Botswana 16.14 Q1 / 2023 2.76% 10.94%
Brazil 457.04 Q2 / 2023 1.20% 0.80%
Brunei 1.07 Q1 / 2023 -24.74% -4.78%
Bulgaria 7.46 Q2 / 2023 36.43% 14.80%
Cameroon 1377.00 Q4 / 2022 4.37% 11.35%
Canada 165.31 Q2 / 2023 13.53% 0.22%
Cape Verde 11.25 Q1 / 2023 5.15% 0.51%
Chile 15381.91 Q2 / 2023 -2.52% 2.57%
Colombia 52783.33 Q2 / 2023 -40.29% -24.60%
Costa Rica 2057.20 Q1 / 2023 -3.31% 4.17%
Croatia 3.94 Q2 / 2023 2.67% 12.55%
Cyprus 1.30 Q2 / 2023 -39.51% -23.85%
Czechia 479.78 Q2 / 2023 16.61% 6.42%
Denmark 154.52 Q2 / 2023 8.82% 3.28%
Dominican Republic 516.52 Q1 / 2023 -12.72% 2.78%
Ecuador 5.85 Q1 / 2023 -4.90% -3.74%
Egypt 316.60 Q4 / 2022 30.77% -0.60%
Estonia 2.13 Q2 / 2023 5.12% -16.32%
Euro area 795.17 Q2 / 2023 5.29% 5.80%
Finland 16.75 Q2 / 2023 16.65% 1.52%
France 173.71 Q2 / 2023 1.72% 5.68%
Georgia 4.09 Q1 / 2023 4.59% 16.39%
Germany 232.47 Q2 / 2023 8.98% 7.50%
Ghana 26.46 Q1 / 2023 13.64% 8.41%
Greece 7.66 Q2 / 2023 10.99% 12.40%
Guatemala 30.73 Q1 / 2023 -7.25% 7.88%
Hong Kong 121.11 Q2 / 2023 6.68% -1.54%
Hungary 4832.23 Q2 / 2023 36.26% -1.40%
Iceland 227.44 Q2 / 2023 11.53% 12.97%
India 20683.28 Q2 / 2023 -9.22% 8.76%
Indonesia 1458108.72 Q2 / 2023 -1.25% 8.51%
Iran 3094524.51 Q3 / 2020 33.45% 55.02%
Ireland 26.21 Q2 / 2023 9.10% -2.05%
Israel 113.84 Q2 / 2023 0.06% 10.68%
Italy 107.07 Q2 / 2023 -0.73% -0.27%
Japan 34854.70 Q2 / 2023 -16.42% 5.99%
Kazakhstan 5168.83 Q1 / 2023 -39.57% 59.00%
Kyrgyzstan 89.01 Q4 / 2022 56.64% 18.86%
Latvia 2.27 Q2 / 2023 23.93% 11.53%
Lithuania 4.01 Q2 / 2023 16.53% 15.37%
Luxembourg 3.61 Q2 / 2023 -2.72% 9.09%
Macao 13.88 Q2 / 2023 15.02% 48.49%
Malaysia 89.27 Q2 / 2023 3.49% 7.70%
Malta 0.92 Q2 / 2023 9.15% -12.45%
Mauritius 31.27 Q1 / 2023 3.38% 15.75%
Mexico 1626.60 Q1 / 2023 3.28% 12.19%
Moldova 14.17 Q2 / 2023 7.23% -8.09%
Mongolia 4425.75 Q2 / 2023 42.74% 34.33%
Montenegro 0.29 Q1 / 2023 -17.31% 12.95%
Netherlands 57.28 Q2 / 2023 6.09% 8.10%
New Zealand 26.50 Q2 / 2023 1.03% 11.54%
Nicaragua 33.28 Q2 / 2023 8.58% 11.52%
Nigeria 19519.76 Q4 / 2022 13.34% 13.45%
Norway 289.26 Q2 / 2023 8.51% 6.57%
Palestine 1.20 Q1 / 2023 -2.95% 1.61%
Paraguay 15507.42 Q1 / 2023 0.64% -7.82%
Peru 54.88 Q2 / 2023 12.72% -3.26%
Philippines 1592.43 Q2 / 2023 23.90% 7.83%
Poland 130.54 Q2 / 2023 28.71% 16.43%
Portugal 12.65 Q2 / 2023 3.41% 3.43%
Qatar 53.66 Q4 / 2022 -22.98% 3.62%
Romania 100.77 Q2 / 2023 65.30% 19.45%
Russia 5500.40 Q1 / 2023 -55.10% 12.94%
Rwanda 1035.00 Q1 / 2023 4.55% 30.52%
Saudi Arabia 278.90 Q2 / 2023 -5.25% 5.96%
Senegal 1544.75 Q1 / 2023 -3.82% 6.16%
Serbia 406.83 Q2 / 2023 7.82% 6.92%
Seychelles 2.27 Q1 / 2023 45.91% 57.54%
Singapore 34.21 Q2 / 2023 0.70% 3.50%
Slovakia 5.83 Q2 / 2023 12.49% 16.80%
Slovenia 3.69 Q2 / 2023 6.62% 14.76%
South Africa 260.44 Q2 / 2023 3.13% 15.97%
South Korea 187391.40 Q2 / 2023 17.80% 5.14%
Spain 70.09 Q2 / 2023 5.77% 3.38%
Sri Lanka 1315.92 Q1 / 2023 4.98% -10.35%
Sweden 441.68 Q2 / 2023 11.51% 1.85%
Switzerland 52.21 Q2 / 2023 2.10% 1.79%
Taiwan 1466.48 Q2 / 2023 -3.23% -6.48%
Thailand 991.55 Q2 / 2023 -8.60% 1.47%
Turkey 1790.17 Q2 / 2023 22.64% 70.07%
USA 1151.88 Q2 / 2023 1.10% 3.20%
Ukraine 240.76 Q4 / 2022 49.41% -11.62%
United Kingdom 117.58 Q1 / 2023 2.13% 5.69%
Uruguay 126.40 Q2 / 2023 8.47% -5.46%
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