Gross capital formation in Low & middle income
Low & middle income: Gross capital formation was 13.11 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
13.11 trillion current US$
Change on year
up 2.5%
Rank
7th
of 41 groups
All-time high
13.11 trillion current US$
in 2024
All-time low
48.89 billion current US$
in 1962
Years of data
65
1960–2024
Gross capital formation in Low & middle income, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gross capital formation in Low & middle income is 13.11 trillion current US$, measured in 2024. That is the highest value across all 65 years on record.
That represents a change of up 2.5% on the previous year and up 46.0% over ten years.
Over the whole period, gross capital formation in Low & middle income peaked at 13.11 trillion current US$ in 2024 and was at its lowest, 48.89 billion current US$, in 1962.
That places Low & middle income 7th out of 41 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Low & middle income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 64.18 billion current US$ | — |
| 1961 | 53.98 billion current US$ | -15.9% |
| 1962 | 48.89 billion current US$ | -9.4% |
| 1963 | 57.31 billion current US$ | +17.2% |
| 1964 | 69.33 billion current US$ | +21.0% |
| 1965 | 80.47 billion current US$ | +16.1% |
| 1966 | 84.41 billion current US$ | +4.9% |
| 1967 | 80.28 billion current US$ | -4.9% |
| 1968 | 86.48 billion current US$ | +7.7% |
| 1969 | 99.30 billion current US$ | +14.8% |
| 1970 | 121.26 billion current US$ | +22.1% |
| 1971 | 132.48 billion current US$ | +9.2% |
| 1972 | 146.05 billion current US$ | +10.2% |
| 1973 | 190.37 billion current US$ | +30.3% |
| 1974 | 253.40 billion current US$ | +33.1% |
| 1975 | 300.84 billion current US$ | +18.7% |
| 1976 | 318.47 billion current US$ | +5.9% |
| 1977 | 370.21 billion current US$ | +16.2% |
| 1978 | 402.34 billion current US$ | +8.7% |
| 1979 | 443.73 billion current US$ | +10.3% |
| 1980 | 545.31 billion current US$ | +22.9% |
| 1981 | 604.88 billion current US$ | +10.9% |
| 1982 | 562.19 billion current US$ | -7.1% |
| 1983 | 526.02 billion current US$ | -6.4% |
| 1984 | 541.99 billion current US$ | +3.0% |
| 1985 | 579.03 billion current US$ | +6.8% |
| 1986 | 583.81 billion current US$ | +0.8% |
| 1987 | 598.07 billion current US$ | +2.4% |
| 1988 | 680.14 billion current US$ | +13.7% |
| 1989 | 732.93 billion current US$ | +7.8% |
| 1990 | 870.61 billion current US$ | +18.8% |
| 1991 | 804.35 billion current US$ | -7.6% |
| 1992 | 880.08 billion current US$ | +9.4% |
| 1993 | 951.60 billion current US$ | +8.1% |
| 1994 | 1.09 trillion current US$ | +14.5% |
| 1995 | 1.22 trillion current US$ | +12.2% |
| 1996 | 1.33 trillion current US$ | +9.0% |
| 1997 | 1.38 trillion current US$ | +3.3% |
| 1998 | 1.31 trillion current US$ | -4.7% |
| 1999 | 1.29 trillion current US$ | -1.6% |
| 2000 | 1.40 trillion current US$ | +8.2% |
| 2001 | 1.45 trillion current US$ | +3.8% |
| 2002 | 1.50 trillion current US$ | +3.8% |
| 2003 | 1.78 trillion current US$ | +18.4% |
| 2004 | 2.22 trillion current US$ | +24.8% |
| 2005 | 2.60 trillion current US$ | +17.0% |
| 2006 | 3.11 trillion current US$ | +19.5% |
| 2007 | 3.99 trillion current US$ | +28.2% |
| 2008 | 4.92 trillion current US$ | +23.2% |
| 2009 | 5.05 trillion current US$ | +2.7% |
| 2010 | 6.36 trillion current US$ | +25.9% |
| 2011 | 7.59 trillion current US$ | +19.3% |
| 2012 | 8.09 trillion current US$ | +6.7% |
| 2013 | 8.62 trillion current US$ | +6.5% |
| 2014 | 8.98 trillion current US$ | +4.2% |
| 2015 | 8.51 trillion current US$ | -5.2% |
| 2016 | 8.50 trillion current US$ | -0.2% |
| 2017 | 9.41 trillion current US$ | +10.7% |
| 2018 | 10.34 trillion current US$ | +9.8% |
| 2019 | 10.36 trillion current US$ | +0.3% |
| 2020 | 10.12 trillion current US$ | -2.4% |
| 2021 | 12.35 trillion current US$ | +22.0% |
| 2022 | 12.81 trillion current US$ | +3.8% |
| 2023 | 12.78 trillion current US$ | -0.2% |
| 2024 | 13.11 trillion current US$ | +2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 72.46 billion current US$ | 48.89 billion current US$ | 99.30 billion current US$ | 10 |
| 1970s | 267.91 billion current US$ | 121.26 billion current US$ | 443.73 billion current US$ | 10 |
| 1980s | 595.44 billion current US$ | 526.02 billion current US$ | 732.93 billion current US$ | 10 |
| 1990s | 1.11 trillion current US$ | 804.35 billion current US$ | 1.38 trillion current US$ | 10 |
| 2000s | 2.80 trillion current US$ | 1.40 trillion current US$ | 5.05 trillion current US$ | 10 |
| 2010s | 8.68 trillion current US$ | 6.36 trillion current US$ | 10.36 trillion current US$ | 10 |
| 2020s | 12.23 trillion current US$ | 10.12 trillion current US$ | 13.11 trillion current US$ | 5 |
Countries ranked near Low & middle income
- 4 Japan 1.16 trillion current US$ compare
- 5 Germany 1.11 trillion current US$ compare
- 6 United Kingdom 788.04 billion current US$ compare
- 7 France 738.52 billion current US$ compare
- 8 Russia 663.16 billion current US$ compare
- 9 Italy 567.71 billion current US$ compare
- 10 Korea 545.44 billion current US$ compare
More economy & growth data for Low & middle income
- Inflation, consumer prices 3.5% (2025)
- Households and NPISHs Final consumption expenditure 20.06 trillion constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 20.90 trillion current US$ (2024)
- Imports of goods and services 10.10 trillion current US$ (2025)
- Imports of goods and services 24.3% (2025)
- General government final consumption expenditure 15.3% (2024)
- General government final consumption expenditure 6.03 trillion current US$ (2024)
- External balance on goods and services 0.9% (2025)
- Industry (including construction), value added 13.41 trillion current US$ (2025)
- Manufacturing, value added 20.1% (2025)
Frequently asked questions
- What is gross capital formation in Low & middle income?
- Gross capital formation in Low & middle income was 13.11 trillion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Low & middle income?
- The highest recorded value was 13.11 trillion current US$ in 2024.
- What is the lowest gross capital formation recorded in Low & middle income?
- The lowest recorded value was 48.89 billion current US$ in 1962.
- How does Low & middle income rank for gross capital formation?
- Low & middle income ranks 7th out of 41 groups with data for 2024.
- Is gross capital formation rising or falling in Low & middle income?
- Over the last ten years it is up 46.0%. The long-run trend across the full record is volatile.
- Where does this Low & 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 (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.