An electrolytic capacitor includes an anode body having a porous structure, an anode lead partially embedded in the anode body, a dielectric layer formed on a surface of the anode body, and a cathode part that covers at least part of the dielectric layer. The anode body has a first region in which first particles sintered together and a second region in which second particles sintered together. The average particle diameter D1 of the first particles is smaller than the average particle diameter D2 of the second particles. The volume-based pore diameter distribution of the anode body with the dielectric layer has a first peak in a range of less than or equal to 0.5 μm in pore diameter, and a second peak in a range of more than 0.5 μm in pore diameter.