Gross capital formation in High income
High income: Gross capital formation was 1.1% in 2024. ◆ Volatile
Gross capital formation in High income, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, gross capital formation in High income stood at 1.1%.
That represents a change of up 938.5% on the previous year and down 73.8% over ten years.
Over the whole period, gross capital formation in High income peaked at 10.7% in 1984 and was at its lowest, -16.2%, in 2009.
That places High income 35th out of 38 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in High income, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 2.0% | — |
| 1972 | 5.3% | +170.5% |
| 1973 | 9.6% | +82.1% |
| 1974 | -2.0% | -121.0% |
| 1975 | -10.3% | +405.7% |
| 1976 | 8.8% | -185.8% |
| 1977 | 3.7% | -58.3% |
| 1978 | 5.1% | +38.8% |
| 1979 | 6.4% | +25.6% |
| 1980 | -2.3% | -135.2% |
| 1981 | -1.5% | -34.2% |
| 1982 | -4.0% | +172.6% |
| 1983 | 2.9% | -171.9% |
| 1984 | 10.7% | +268.1% |
| 1985 | 3.9% | -64.0% |
| 1986 | 4.1% | +7.6% |
| 1987 | 4.9% | +18.5% |
| 1988 | 8.3% | +68.5% |
| 1989 | 6.5% | -21.6% |
| 1990 | 3.1% | -52.1% |
| 1991 | -1.1% | -136.2% |
| 1992 | -3.7% | +225.5% |
| 1993 | -3.2% | -13.9% |
| 1994 | 3.9% | -223.1% |
| 1995 | 3.7% | -4.6% |
| 1996 | 4.2% | +12.9% |
| 1997 | 5.0% | +20.4% |
| 1998 | 2.3% | -54.8% |
| 1999 | 4.2% | +85.5% |
| 2000 | 6.3% | +50.0% |
| 2001 | -1.4% | -121.5% |
| 2002 | -1.1% | -22.0% |
| 2003 | 2.8% | -359.1% |
| 2004 | 5.5% | +99.3% |
| 2005 | 4.6% | -16.9% |
| 2006 | 5.4% | +19.0% |
| 2007 | 3.5% | -35.6% |
| 2008 | -1.9% | -154.4% |
| 2009 | -16.2% | +753.5% |
| 2010 | 8.2% | -150.7% |
| 2011 | 4.9% | -40.3% |
| 2012 | 1.6% | -68.2% |
| 2013 | 2.2% | +41.2% |
| 2014 | 4.3% | +96.4% |
| 2015 | 3.5% | -18.1% |
| 2016 | 1.1% | -69.2% |
| 2017 | 4.4% | +304.0% |
| 2018 | 3.7% | -16.7% |
| 2019 | 3.0% | -17.0% |
| 2020 | -5.1% | -266.7% |
| 2021 | 7.9% | -255.4% |
| 2022 | 4.5% | -43.4% |
| 2023 | 0.1% | -97.6% |
| 2024 | 1.1% | +938.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.2% | -10.3% | 9.6% | 9 |
| 1980s | 3.3% | -4.0% | 10.7% | 10 |
| 1990s | 1.8% | -3.7% | 5.0% | 10 |
| 2000s | 0.7% | -16.2% | 6.3% | 10 |
| 2010s | 3.7% | 1.1% | 8.2% | 10 |
| 2020s | 1.7% | -5.1% | 7.9% | 5 |
Countries ranked near High income
More economy & growth data for High income
- Services, value added 69.1% (2021)
- Manufacturing, value added 8.09 trillion constant 2015 US$ (2024)
- Manufacturing, value added 12.0% (2024)
- Industry (including construction), value added 15.39 trillion current US$ (2024)
- Industry (including construction), value added 12.75 trillion constant 2015 US$ (2024)
- Trade in services 16.0% (2025)
- Industry (including construction), value added 21.3% (2024)
- Services, value added 43.80 trillion current US$ (2021)
- GDP growth 1.9% (2025)
- GDP 60.73 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is gross capital formation in High income?
- Gross capital formation in High income was 1.1% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in High income?
- The highest recorded value was 10.7% in 1984.
- What is the lowest gross capital formation recorded in High income?
- The lowest recorded value was -16.2% in 2009.
- How does High income rank for gross capital formation?
- High income ranks 35th out of 38 groups with data for 2024.
- Is gross capital formation rising or falling in High income?
- Over the last ten years it is down 73.8%. The long-run trend across the full record is volatile.
- Where does this High income data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.