Türkiye vs Upper middle income: Gross fixed capital formation
Gross fixed capital formation over time
- Türkiye
- Upper middle income
How they compare
Upper middle income currently reports 10.46 trillion current US$ against 488.63 billion current US$ in Türkiye, a difference of 9.98 trillion current US$.
That makes Upper middle income's figure about 21.4 times Türkiye's.
Across all 57 years both countries report, Upper middle income has been ahead every year.
Türkiye ranks 12th and Upper middle income ranks 10th of 180 countries.
Upper middle income has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Türkiye | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 2.20 billion current US$ | 57.29 billion current US$ | 55.09 billion current US$ | Upper middle income |
| 1970s | 7.01 billion current US$ | 185.01 billion current US$ | 178.00 billion current US$ | Upper middle income |
| 1980s | 14.22 billion current US$ | 417.76 billion current US$ | 403.54 billion current US$ | Upper middle income |
| 1990s | 48.10 billion current US$ | 807.30 billion current US$ | 759.20 billion current US$ | Upper middle income |
| 2000s | 117.28 billion current US$ | 2.08 trillion current US$ | 1.96 trillion current US$ | Upper middle income |
| 2010s | 245.16 billion current US$ | 6.90 trillion current US$ | 6.65 trillion current US$ | Upper middle income |
| 2020s | 305.44 billion current US$ | 9.80 trillion current US$ | 9.50 trillion current US$ | Upper middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Türkiye or Upper middle income?
- Upper middle income, at 10.46 trillion current US$ against 488.63 billion current US$ in Türkiye as of 2024.
- What is the difference in gross fixed capital formation between Türkiye and Upper middle income?
- 9.98 trillion current US$, with Upper middle income ahead.
- How many years of comparable data are there for Türkiye and Upper middle income?
- 57 years are reported by both, from 1968 to 2024.
- How do Türkiye and Upper middle income rank globally for gross fixed capital formation?
- Türkiye ranks 12th and Upper middle income ranks 10th of 180 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross fixed capital formation (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.