Republic of Korea vs Upper middle income: Gross capital formation
Gross capital formation over time
- Republic of Korea
- Upper middle income
How they compare
Upper middle income currently reports 10.81 trillion current US$ against 545.44 billion current US$ in Republic of Korea, a difference of 10.26 trillion current US$.
That makes Upper middle income's figure about 19.8 times Republic of Korea's.
Across all 65 years both countries report, Upper middle income has been ahead every year.
Republic of Korea ranks 10th and Upper middle income ranks 10th of 186 countries.
Upper middle income has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Republic of Korea | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 886.70 million current US$ | 50.91 billion current US$ | 50.03 billion current US$ | Upper middle income |
| 1970s | 8.83 billion current US$ | 204.36 billion current US$ | 195.53 billion current US$ | Upper middle income |
| 1980s | 43.10 billion current US$ | 444.03 billion current US$ | 400.94 billion current US$ | Upper middle income |
| 1990s | 171.82 billion current US$ | 887.31 billion current US$ | 715.49 billion current US$ | Upper middle income |
| 2000s | 283.05 billion current US$ | 2.20 trillion current US$ | 1.92 trillion current US$ | Upper middle income |
| 2010s | 472.28 billion current US$ | 7.20 trillion current US$ | 6.72 trillion current US$ | Upper middle income |
| 2020s | 586.21 billion current US$ | 10.19 trillion current US$ | 9.60 trillion current US$ | Upper middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross capital formation, Republic of Korea or Upper middle income?
- Upper middle income, at 10.81 trillion current US$ against 545.44 billion current US$ in Republic of Korea as of 2024.
- What is the difference in gross capital formation between Republic of Korea and Upper middle income?
- 10.26 trillion current US$, with Upper middle income ahead.
- How many years of comparable data are there for Republic of Korea and Upper middle income?
- 65 years are reported by both, from 1960 to 2024.
- How do Republic of Korea and Upper middle income rank globally for gross capital formation?
- Republic of Korea ranks 10th and Upper middle income ranks 10th of 186 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross capital formation (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.