Annual government expenditure by function (COFOG) — Gross capital in United States of America
United States of America: Annual government expenditure by function (COFOG) — Gross capital was 1.01 million National currency in 2024. ◆ Volatile
Annual government expenditure by function (COFOG) — Gross capital in United States of America, 1970–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
In 2024, annual government expenditure by function (cofog) — gross capital in United States of America stood at 1.01 million National currency. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 7.4% on the previous year and up 74.2% over ten years.
Over the whole period, annual government expenditure by function (cofog) — gross capital in United States of America peaked at 1.01 million National currency in 2024 and was at its lowest, 56,282 National currency, in 1971.
United States of America ranks 5th of 28 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government expenditure by function (COFOG) — Gross capital in United States of America, year by year
| Year | National currency | Change |
|---|---|---|
| 1970 | 57,296 National currency | — |
| 1971 | 56,282 National currency | -1.8% |
| 1972 | 57,752 National currency | +2.6% |
| 1973 | 60,071 National currency | +4.0% |
| 1974 | 67,248 National currency | +11.9% |
| 1975 | 80,080 National currency | +19.1% |
| 1976 | 82,327 National currency | +2.8% |
| 1977 | 86,390 National currency | +4.9% |
| 1978 | 97,261 National currency | +12.6% |
| 1979 | 109,196 National currency | +12.3% |
| 1980 | 122,587 National currency | +12.3% |
| 1981 | 131,324 National currency | +7.1% |
| 1982 | 142,856 National currency | +8.8% |
| 1983 | 156,605 National currency | +9.6% |
| 1984 | 179,150 National currency | +14.4% |
| 1985 | 206,449 National currency | +15.2% |
| 1986 | 222,679 National currency | +7.9% |
| 1987 | 242,558 National currency | +8.9% |
| 1988 | 247,704 National currency | +2.1% |
| 1989 | 259,461 National currency | +4.7% |
| 1990 | 278,861 National currency | +7.5% |
| 1991 | 282,757 National currency | +1.4% |
| 1992 | 283,561 National currency | +0.3% |
| 1993 | 279,663 National currency | -1.4% |
| 1994 | 284,905 National currency | +1.9% |
| 1995 | 289,635 National currency | +1.7% |
| 1996 | 303,886 National currency | +4.9% |
| 1997 | 305,158 National currency | +0.4% |
| 1998 | 324,615 National currency | +6.4% |
| 1999 | 353,080 National currency | +8.8% |
| 2000 | 375,745 National currency | +6.4% |
| 2001 | 397,955 National currency | +5.9% |
| 2002 | 430,114 National currency | +8.1% |
| 2003 | 447,896 National currency | +4.1% |
| 2004 | 470,329 National currency | +5.0% |
| 2005 | 492,726 National currency | +4.8% |
| 2006 | 516,963 National currency | +4.9% |
| 2007 | 569,710 National currency | +10.2% |
| 2008 | 585,161 National currency | +2.7% |
| 2009 | 608,490 National currency | +4.0% |
| 2010 | 616,860 National currency | +1.4% |
| 2011 | 610,980 National currency | -1.0% |
| 2012 | 594,276 National currency | -2.7% |
| 2013 | 573,851 National currency | -3.4% |
| 2014 | 577,596 National currency | +0.7% |
| 2015 | 572,945 National currency | -0.8% |
| 2016 | 616,459 National currency | +7.6% |
| 2017 | 655,882 National currency | +6.4% |
| 2018 | 703,731 National currency | +7.3% |
| 2019 | 744,956 National currency | +5.9% |
| 2020 | 788,356 National currency | +5.8% |
| 2021 | 794,584 National currency | +0.8% |
| 2022 | 754,553 National currency | -5.0% |
| 2023 | 936,822 National currency | +24.2% |
| 2024 | 1.01 million National currency | +7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 75,390 National currency | 56,282 National currency | 109,196 National currency | 10 |
| 1980s | 191,137 National currency | 122,587 National currency | 259,461 National currency | 10 |
| 1990s | 298,612 National currency | 278,861 National currency | 353,080 National currency | 10 |
| 2000s | 489,509 National currency | 375,745 National currency | 608,490 National currency | 10 |
| 2010s | 626,754 National currency | 572,945 National currency | 744,956 National currency | 10 |
| 2020s | 856,105 National currency | 754,553 National currency | 1.01 million National currency | 5 |
Countries ranked near United States of America
- 2 Japan 25.48 million National currency compare
- 3 Poland 180,658 National currency compare
- 3 Chile 6.74 million National currency compare
- 3 Croatia 4,461 National currency compare
- 4 Netherlands 36,167 National currency compare
- 4 Hungary 3.43 million National currency compare
- 5 Slovenia 3,509 National currency compare
- 6 Lithuania 3,424 National currency compare
- 6 Costa Rica 846,642 National currency compare
- 7 Czechia 381,072 National currency compare
- 7 Estonia 2,780 National currency compare
- 8 Latvia 2,714 National currency compare
- 8 Sweden 362,603 National currency compare
More public sector data for United States of America
- Arms imports 1.21 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.56 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 52.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.21 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,933 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.034 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 8.87 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 997.31 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 86.58 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is annual government expenditure by function (cofog) — gross capital in United States of America?
- Annual government expenditure by function (cofog) — gross capital in United States of America was 1.01 million National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — gross capital recorded in United States of America?
- The highest recorded value was 1.01 million National currency in 2024.
- What is the lowest annual government expenditure by function (cofog) — gross capital recorded in United States of America?
- The lowest recorded value was 56,282 National currency in 1971.
- How does United States of America rank for annual government expenditure by function (cofog) — gross capital?
- United States of America ranks 5th out of 28 countries with data for 2024.
- Is annual government expenditure by function (cofog) — gross capital rising or falling in United States of America?
- Over the last ten years it is up 74.2%. The long-run trend across the full record is volatile.
- Where does this United States of America data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Gross capital formation and acquisitions less disposals of non-produced assets. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org