Gross capital formation in High income
High income: Gross capital formation was 22.6% in 2024. ▼ Falling
Gross capital formation in High income, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross capital formation in High income is 22.6%, measured in 2024.
That represents a change of down 1.6% on the previous year and up 2.7% over ten years.
Over the whole period, gross capital formation in High income peaked at 28.4% in 1974 and was at its lowest, 20.5%, in 2009.
That places High income 30th out of 43 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Gross capital formation in High income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 27.1% | — |
| 1971 | 26.7% | -1.4% |
| 1972 | 27.0% | +1.1% |
| 1973 | 28.3% | +4.9% |
| 1974 | 28.4% | +0.4% |
| 1975 | 25.2% | -11.5% |
| 1976 | 26.2% | +4.2% |
| 1977 | 26.4% | +0.5% |
| 1978 | 26.9% | +1.9% |
| 1979 | 27.4% | +2.1% |
| 1980 | 26.6% | -3.1% |
| 1981 | 25.9% | -2.7% |
| 1982 | 24.5% | -5.2% |
| 1983 | 24.2% | -1.5% |
| 1984 | 25.5% | +5.5% |
| 1985 | 25.0% | -1.7% |
| 1986 | 25.1% | +0.2% |
| 1987 | 25.3% | +0.8% |
| 1988 | 26.3% | +4.1% |
| 1989 | 26.9% | +2.3% |
| 1990 | 26.4% | -2.1% |
| 1991 | 25.7% | -2.3% |
| 1992 | 24.9% | -3.3% |
| 1993 | 24.3% | -2.6% |
| 1994 | 24.5% | +1.1% |
| 1995 | 24.7% | +0.7% |
| 1996 | 24.5% | -0.7% |
| 1997 | 24.4% | -0.4% |
| 1998 | 24.1% | -1.5% |
| 1999 | 24.1% | +0.2% |
| 2000 | 24.6% | +2.0% |
| 2001 | 23.5% | -4.6% |
| 2002 | 22.6% | -3.7% |
| 2003 | 22.5% | -0.4% |
| 2004 | 22.9% | +1.9% |
| 2005 | 23.3% | +1.8% |
| 2006 | 23.8% | +2.1% |
| 2007 | 24.0% | +0.6% |
| 2008 | 23.5% | -1.9% |
| 2009 | 20.5% | -13.1% |
| 2010 | 21.3% | +4.0% |
| 2011 | 21.8% | +2.5% |
| 2012 | 21.8% | -0.1% |
| 2013 | 21.7% | -0.5% |
| 2014 | 22.1% | +1.7% |
| 2015 | 22.3% | +1.3% |
| 2016 | 22.2% | -0.7% |
| 2017 | 22.5% | +1.5% |
| 2018 | 22.8% | +1.2% |
| 2019 | 23.0% | +1.1% |
| 2020 | 22.7% | -1.2% |
| 2021 | 23.1% | +1.7% |
| 2022 | 23.6% | +2.2% |
| 2023 | 23.0% | -2.6% |
| 2024 | 22.6% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 27.0% | 25.2% | 28.4% | 10 |
| 1980s | 25.5% | 24.2% | 26.9% | 10 |
| 1990s | 24.8% | 24.1% | 26.4% | 10 |
| 2000s | 23.1% | 20.5% | 24.6% | 10 |
| 2010s | 22.1% | 21.3% | 23.0% | 10 |
| 2020s | 23.0% | 22.6% | 23.6% | 5 |
Countries ranked near High income
More economy & growth data for High income
- Industry (including construction), value added (current US$), annual 0.5606 % change on previous year (2024)
- Industry (including construction), value added -0.3% (2024)
- Industry (including construction), value added 21.3% (2024)
- Manufacturing, value added (current US$), per capita 6,110 current US$ per person (2024)
- Services, value added 43.80 trillion current US$ (2021)
- Services, value added 69.1% (2021)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.112 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 5,702 constant 2015 US$ per person (2024)
- Services, value added (current US$), annual growth rate 10.76 % change on previous year (2021)
- Industry (including construction), value added (constant 2015 US$) 8,995 constant 2015 US$ per person (2024)
Frequently asked questions
- What is gross capital formation in High income?
- Gross capital formation in High income was 22.6% 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 28.4% in 1974.
- What is the lowest gross capital formation recorded in High income?
- The lowest recorded value was 20.5% in 2009.
- How does High income rank for gross capital formation?
- High income ranks 30th out of 43 groups with data for 2024.
- Is gross capital formation rising or falling in High income?
- Over the last ten years it is up 2.7%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.