The article explores how the construction industry in Russia impacts the country's gross fixed capital formation from 2000 to 2016. By using a specific statistical method called ARDL modeling, the researchers found a non-linear relationship between construction industry growth and gross fixed capital formation. They discovered that fixed investments positively affect capital formation during economic growth but are more volatile during crises. Interestingly, the construction industry remains stable during economic shocks, showing a consistent impact on capital formation. This research provides valuable insights for economic growth, national budget planning, and investment decision-making.