Capital Formation (Local Currency)

Europe Ranking

billion currency unitsSource: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Hungary	4832.23	6-2023	1	3546.25
2	Czech Republic	479.78	6-2023	2	413.97
3	Sweden	441.68	6-2023	3	402.79
4	Serbia	406.83	6-2023	4	376.79
5 ↑	Armenia	375.35	6-2023	6	260.15
6 ↓	Norway	289.26	6-2023	5	266.12
7	Ukraine	240.76	12-2022	7	256.76
8	Germany	232.47	6-2023	8	218.91
9	Iceland	227.44	6-2023	9	204.12
10	France	168.18	9-2023	10	173.74
11	Denmark	154.52	6-2023	11	144.31
12 ↑	Albania	136.42	6-2023	13	110.56
13 ↑	Poland	130.54	6-2023	15	101.42
14 ↓	United Kingdom	123.54	6-2023	12	117.58
15 ↓	Italy	107.07	6-2023	14	108.16
16 ↑	Romania	100.77	6-2023	18	62.35
17 ↓	Macedonia	74.08	3-2022	16	94.04
18 ↓	Spain	68.68	9-2023	17	70.09
19	Netherlands	57.28	6-2023	19	54.28
20	Switzerland	52.21	6-2023	20	50.06
21	Belgium	36.43	6-2023	21	33.43
22	Austria	30.24	6-2023	22	27.79
23	Ireland	26.21	6-2023	23	25.29
24	Finland	16.43	6-2023	24	14.54
25	Moldova	14.17	6-2023	25	13.22
26	Portugal	12.65	6-2023	26	12.17
27	Belarus	10.66	6-2023	27	8.62
28	Greece	7.66	6-2023	28	6.89
29	Bulgaria	7.46	6-2023	29	5.47
30	Slovakia	5.83	6-2023	30	5.18
31	Georgia	4.55	6-2023	31	4.09
32 ↑	Lithuania	4.01	6-2023	33	3.44
33 ↓	Croatia	3.94	6-2023	32	3.84
34 ↓	Slovenia	3.69	6-2023	33	3.44
35 ↓	Luxembourg	3.61	6-2023	33	3.44
36	Bosnia and Herzegovina	2.93	6-2023	36	2.46
37 ↑	Latvia	2.27	6-2023	38	1.83
38 ↑	Estonia	2.13	6-2023	39	1.8
39 ↓	Cyprus	1.3	6-2023	37	2.14
40	Malta	0.92	6-2023	40	0.82
41	Montenegro	0.34	6-2023	41	0.29

Definition of Capital Formation (Local Currency)

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.