Gross capital formation in Low & middle income
Low & middle income: Gross capital formation was 33.2% in 2024. ▲ Rising
Gross capital formation in Low & middle income, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Low & middle income recorded 33.2% for gross capital formation in 2024.
Compared with earlier readings it is down 0.9% on the previous year and down 2.0% over ten years.
Over the whole period, gross capital formation in Low & middle income peaked at 34.9% in 2021 and was at its lowest, 17.2%, in 1962.
Low & middle income ranks 9th of 43 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 65 years of available data.
Gross capital formation in Low & middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 23.3% | — |
| 1961 | 19.3% | -17.1% |
| 1962 | 17.2% | -11.1% |
| 1963 | 18.2% | +5.8% |
| 1964 | 19.8% | +8.9% |
| 1965 | 20.8% | +5.3% |
| 1966 | 21.1% | +1.1% |
| 1967 | 19.5% | -7.4% |
| 1968 | 19.8% | +1.5% |
| 1969 | 20.4% | +2.9% |
| 1970 | 22.8% | +11.8% |
| 1971 | 23.1% | +1.5% |
| 1972 | 22.7% | -1.7% |
| 1973 | 23.2% | +2.4% |
| 1974 | 24.2% | +4.1% |
| 1975 | 26.0% | +7.5% |
| 1976 | 25.6% | -1.8% |
| 1977 | 26.5% | +3.5% |
| 1978 | 25.9% | -2.0% |
| 1979 | 24.6% | -5.0% |
| 1980 | 25.6% | +3.9% |
| 1981 | 25.3% | -0.9% |
| 1982 | 23.9% | -5.8% |
| 1983 | 23.0% | -3.6% |
| 1984 | 23.2% | +0.8% |
| 1985 | 23.8% | +2.8% |
| 1986 | 23.6% | -1.2% |
| 1987 | 23.5% | -0.2% |
| 1988 | 25.0% | +6.2% |
| 1989 | 25.3% | +1.3% |
| 1990 | 26.2% | +3.6% |
| 1991 | 24.9% | -5.3% |
| 1992 | 25.9% | +4.3% |
| 1993 | 25.9% | +0.1% |
| 1994 | 26.6% | +2.4% |
| 1995 | 25.7% | -3.4% |
| 1996 | 25.3% | -1.5% |
| 1997 | 24.6% | -2.9% |
| 1998 | 23.8% | -3.1% |
| 1999 | 24.3% | +2.0% |
| 2000 | 24.1% | -0.7% |
| 2001 | 24.9% | +3.5% |
| 2002 | 25.5% | +2.3% |
| 2003 | 27.1% | +6.1% |
| 2004 | 28.8% | +6.2% |
| 2005 | 28.4% | -1.1% |
| 2006 | 28.8% | +1.3% |
| 2007 | 30.1% | +4.4% |
| 2008 | 31.1% | +3.4% |
| 2009 | 31.8% | +2.3% |
| 2010 | 33.0% | +3.6% |
| 2011 | 33.6% | +1.9% |
| 2012 | 33.7% | +0.2% |
| 2013 | 34.0% | +0.8% |
| 2014 | 33.9% | -0.3% |
| 2015 | 33.2% | -2.0% |
| 2016 | 32.8% | -1.2% |
| 2017 | 33.2% | +1.3% |
| 2018 | 34.3% | +3.3% |
| 2019 | 33.4% | -2.6% |
| 2020 | 33.7% | +0.9% |
| 2021 | 34.9% | +3.5% |
| 2022 | 34.6% | -0.9% |
| 2023 | 33.5% | -3.0% |
| 2024 | 33.2% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 19.9% | 17.2% | 23.3% | 10 |
| 1970s | 24.5% | 22.7% | 26.5% | 10 |
| 1980s | 24.2% | 23.0% | 25.6% | 10 |
| 1990s | 25.3% | 23.8% | 26.6% | 10 |
| 2000s | 28.1% | 24.1% | 31.8% | 10 |
| 2010s | 33.5% | 32.8% | 34.3% | 10 |
| 2020s | 34.0% | 33.2% | 34.9% | 5 |
Countries ranked near Low & middle income
More economy & growth data for Low & middle income
- GDP (constant 2015 US$), per unit of GDP 0.9385 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5412 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 3,305 constant 2015 US$ per person (2025)
- GDP (current US$), annual growth rate 5.03 % change on previous year (2025)
- GDP (current US$), per capita 6,107 current US$ per person (2025)
- GDP (constant 2015 US$), annual growth rate 4.53 % change on previous year (2025)
- Gross domestic savings (current US$), annual growth rate 0.7748 % change on previous year (2024)
- Gross domestic savings (current US$), per capita 1,894 current US$ per person (2024)
- Gross domestic savings (current US$), per unit of GDP 0.3225 current US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), annual growth rate 5.02 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Low & middle income?
- Gross capital formation in Low & middle income was 33.2% 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 34.9% in 2021.
- What is the lowest gross capital formation recorded in Low & middle income?
- The lowest recorded value was 17.2% in 1962.
- How does Low & middle income rank for gross capital formation?
- Low & middle income ranks 9th out of 43 groups with data for 2024.
- Is gross capital formation rising or falling in Low & middle income?
- Over the last ten years it is down 2.0%. The long-run trend across the full record is rising.
- 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 (% 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.