Gross capital formation in Upper middle income

Upper middle income: Gross capital formation was 10.29 trillion constant 2015 US$ in 2025. β—† Volatile

Latest (2025)
10.29 trillion constant 2015 US$
Change on year
up 2.1%
Rank
10th
of 38 groups
All-time high
10.29 trillion constant 2015 US$
in 2025
All-time low
1.04 trillion constant 2015 US$
in 2001
Years of data
31
1995–2025

Gross capital formation in Upper middle income, 1995–2025

2.0T4.0T6.0T8.0T10.0T1995201020251995: 2.3T constant 2015 US$1996: 1.9T constant 2015 US$1997: 1.9T constant 2015 US$1998: 1.4T constant 2015 US$1999: 1.2T constant 2015 US$2000: 1.1T constant 2015 US$2001: 1.0T constant 2015 US$2002: 1.8T constant 2015 US$2003: 1.4T constant 2015 US$2004: 2.2T constant 2015 US$2005: 2.2T constant 2015 US$2006: 2.7T constant 2015 US$2007: 3.9T constant 2015 US$2008: 4.3T constant 2015 US$2009: 4.8T constant 2015 US$2010: 5.5T constant 2015 US$2011: 5.9T constant 2015 US$2012: 6.2T constant 2015 US$2013: 6.7T constant 2015 US$2014: 7.0T constant 2015 US$2015: 7.1T constant 2015 US$2016: 7.5T constant 2015 US$2017: 7.9T constant 2015 US$2018: 8.4T constant 2015 US$2019: 8.6T constant 2015 US$2020: 8.7T constant 2015 US$2021: 9.2T constant 2015 US$2022: 9.5T constant 2015 US$2023: 9.8T constant 2015 US$2024: 10.1T constant 2015 US$2025: 10.3T constant 2015 US$

Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.

Analysis

Upper middle income recorded 10.29 trillion constant 2015 US$ for gross capital formation in 2025. That is the highest value across all 31 years on record.

The figure is up 2.1% on the previous year and up 44.6% over ten years.

Over the whole period, gross capital formation in Upper middle income peaked at 10.29 trillion constant 2015 US$ in 2025 and was at its lowest, 1.04 trillion constant 2015 US$, in 2001.

That places Upper middle income 10th out of 38 groups with data for 2025, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 1.73 trillion constant 2015 US$ 1.16 trillion constant 2015 US$ 2.31 trillion constant 2015 US$ 5
2000s 2.54 trillion constant 2015 US$ 1.04 trillion constant 2015 US$ 4.77 trillion constant 2015 US$ 10
2010s 7.09 trillion constant 2015 US$ 5.49 trillion constant 2015 US$ 8.62 trillion constant 2015 US$ 10
2020s 9.57 trillion constant 2015 US$ 8.67 trillion constant 2015 US$ 10.29 trillion constant 2015 US$ 6

Countries ranked near Upper middle income

  1. 7 France 589.63 billion constant 2015 US$ compare
  2. 8 Republic of Korea 527.10 billion constant 2015 US$ compare
  3. 9 Italy 459.25 billion constant 2015 US$ compare
  4. 10 Russia 432.17 billion constant 2015 US$ compare
  5. 11 Indonesia 428.53 billion constant 2015 US$ compare
  6. 12 Least developed countries 407.90 billion constant 2015 US$ compare
  7. 13 Canada 406.46 billion constant 2015 US$ compare

See the full ranking of 202 places β†’

More economy & growth data for Upper middle income

All data for Upper middle income β†’

Frequently asked questions

What is gross capital formation in Upper middle income?
Gross capital formation in Upper middle income was 10.29 trillion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
What is the highest gross capital formation recorded in Upper middle income?
The highest recorded value was 10.29 trillion constant 2015 US$ in 2025.
What is the lowest gross capital formation recorded in Upper middle income?
The lowest recorded value was 1.04 trillion constant 2015 US$ in 2001.
How does Upper middle income rank for gross capital formation?
Upper middle income ranks 10th out of 38 groups with data for 2025.
Is gross capital formation rising or falling in Upper middle income?
Over the last ten years it is up 44.6%. The long-run trend across the full record is volatile.
Where does this Upper middle 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 (constant 2015 US$). Statizoid updates them automatically from the source API.

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Gross capital formation in Upper middle income. Statizoid, drawing on Country official statistics, National Statistical Organizations and/or Central Banks. Retrieved 20 August 2026, from https://economy.statizoid.com/stat/gross-capital-formation-constant-2015-us/upper-middle-income/

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About this data

Indicator
Gross capital formation (constant 2015 US$)
Unit
constant 2015 US$
Source
Country official statistics, National Statistical Organizations and/or Central Banks
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
202 places, 8,378 data points, 1960–2025
Last refreshed

Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.