Gross capital formation in Upper middle income
Upper middle income: Gross capital formation was 10.81 trillion current US$ in 2024. ◆ Volatile
Gross capital formation in Upper middle income, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, gross capital formation in Upper middle income stood at 10.81 trillion current US$. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 2.1% on the previous year and up 43.9% over ten years.
Over the whole period, gross capital formation in Upper middle income peaked at 10.81 trillion current US$ in 2024 and was at its lowest, 31.17 billion current US$, in 1962.
Upper middle income ranks 10th of 44 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 50.91 billion current US$ | 31.17 billion current US$ | 72.51 billion current US$ | 10 |
| 1970s | 204.36 billion current US$ | 90.05 billion current US$ | 332.50 billion current US$ | 10 |
| 1980s | 444.03 billion current US$ | 400.73 billion current US$ | 552.43 billion current US$ | 10 |
| 1990s | 887.31 billion current US$ | 627.82 billion current US$ | 1.12 trillion current US$ | 10 |
| 2000s | 2.20 trillion current US$ | 1.11 trillion current US$ | 4.02 trillion current US$ | 10 |
| 2010s | 7.20 trillion current US$ | 5.11 trillion current US$ | 8.65 trillion current US$ | 10 |
| 2020s | 10.19 trillion current US$ | 8.52 trillion current US$ | 10.81 trillion current US$ | 5 |
Countries ranked near Upper middle income
- 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 South Korea 545.44 billion current US$ compare
- 11 Canada 537.16 billion current US$ compare
- 12 Turkey 505.81 billion current US$ compare
- 13 Indonesia 442.64 billion current US$ compare
More economy & growth data for Upper middle income
- GNI per capita, Atlas method 10,938 current US$ (2025)
- GNI 33.12 trillion current US$ (2025)
- GNI, Atlas method 33.68 trillion current US$ (2025)
- Gross domestic savings 35.3% (2024)
- Gross domestic savings 11.31 trillion current US$ (2024)
- GDP per capita growth 3.9% (2025)
- GDP per capita 10,192 constant 2015 US$ (2025)
- GDP per capita 10,890 current US$ (2025)
- GDP growth 4.2% (2025)
- GDP 31.38 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is gross capital formation in Upper middle income?
- Gross capital formation in Upper middle income was 10.81 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 Upper middle income?
- The highest recorded value was 10.81 trillion current US$ in 2024.
- What is the lowest gross capital formation recorded in Upper middle income?
- The lowest recorded value was 31.17 billion current US$ in 1962.
- How does Upper middle income rank for gross capital formation?
- Upper middle income ranks 10th out of 44 groups with data for 2024.
- Is gross capital formation rising or falling in Upper middle income?
- Over the last ten years it is up 43.9%. 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 (current US$). Statizoid updates them automatically from the source API.
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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.