Gross capital formation in Middle income
Middle income: Gross capital formation was 33.4% in 2024. ▲ Rising
Gross capital formation in Middle income, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Middle income recorded 33.4% for gross capital formation in 2024.
The figure is down 0.9% on the previous year and down 1.9% over ten years.
Over the whole period, gross capital formation in Middle income peaked at 35.0% in 2021 and was at its lowest, 17.7%, in 1962.
That places Middle income 8th out of 43 groups with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 65 years of available data.
Gross capital formation in Middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 24.1% | — |
| 1961 | 19.9% | -17.4% |
| 1962 | 17.7% | -11.1% |
| 1963 | 18.9% | +6.7% |
| 1964 | 20.3% | +7.5% |
| 1965 | 21.5% | +5.7% |
| 1966 | 21.7% | +1.1% |
| 1967 | 20.0% | -7.8% |
| 1968 | 20.3% | +1.6% |
| 1969 | 21.0% | +3.0% |
| 1970 | 23.4% | +11.7% |
| 1971 | 23.8% | +1.6% |
| 1972 | 23.4% | -1.7% |
| 1973 | 23.9% | +2.2% |
| 1974 | 24.8% | +4.0% |
| 1975 | 26.7% | +7.7% |
| 1976 | 26.2% | -1.9% |
| 1977 | 27.2% | +3.7% |
| 1978 | 26.7% | -2.0% |
| 1979 | 25.2% | -5.4% |
| 1980 | 26.1% | +3.4% |
| 1981 | 25.8% | -1.0% |
| 1982 | 24.3% | -5.8% |
| 1983 | 23.5% | -3.5% |
| 1984 | 23.7% | +0.7% |
| 1985 | 24.3% | +2.7% |
| 1986 | 24.0% | -1.2% |
| 1987 | 23.9% | -0.3% |
| 1988 | 25.5% | +6.4% |
| 1989 | 25.8% | +1.2% |
| 1990 | 26.7% | +3.7% |
| 1991 | 25.4% | -5.0% |
| 1992 | 26.2% | +3.2% |
| 1993 | 26.3% | +0.2% |
| 1994 | 26.8% | +2.1% |
| 1995 | 25.9% | -3.4% |
| 1996 | 25.4% | -1.8% |
| 1997 | 24.7% | -2.8% |
| 1998 | 24.0% | -3.1% |
| 1999 | 24.5% | +2.0% |
| 2000 | 24.3% | -0.8% |
| 2001 | 25.1% | +3.5% |
| 2002 | 25.7% | +2.4% |
| 2003 | 27.3% | +6.1% |
| 2004 | 29.0% | +6.2% |
| 2005 | 28.7% | -1.1% |
| 2006 | 29.1% | +1.4% |
| 2007 | 30.4% | +4.4% |
| 2008 | 31.4% | +3.5% |
| 2009 | 32.1% | +2.4% |
| 2010 | 33.3% | +3.5% |
| 2011 | 33.9% | +1.9% |
| 2012 | 33.9% | -0.0% |
| 2013 | 34.1% | +0.7% |
| 2014 | 34.0% | -0.3% |
| 2015 | 33.3% | -2.0% |
| 2016 | 32.9% | -1.2% |
| 2017 | 33.3% | +1.3% |
| 2018 | 34.4% | +3.3% |
| 2019 | 33.5% | -2.7% |
| 2020 | 33.8% | +1.0% |
| 2021 | 35.0% | +3.5% |
| 2022 | 34.7% | -0.9% |
| 2023 | 33.7% | -3.0% |
| 2024 | 33.4% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.5% | 17.7% | 24.1% | 10 |
| 1970s | 25.1% | 23.4% | 27.2% | 10 |
| 1980s | 24.7% | 23.5% | 26.1% | 10 |
| 1990s | 25.6% | 24.0% | 26.8% | 10 |
| 2000s | 28.3% | 24.3% | 32.1% | 10 |
| 2010s | 33.7% | 32.9% | 34.4% | 10 |
| 2020s | 34.1% | 33.4% | 35.0% | 5 |
Countries ranked near Middle income
More economy & growth data for Middle income
- Agriculture, forestry, and fishing, value added 3.3% (2025)
- Imports of goods and services 9.88 trillion current US$ (2025)
- Imports of goods and services 24.2% (2025)
- External balance on goods and services 1.1% (2025)
- Trade 48.5% (2025)
- GDP (constant 2015 US$), annual growth rate 4.52 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added 3.31 trillion constant 2015 US$ (2025)
- Industry (including construction), value added 12.84 trillion constant 2015 US$ (2025)
- Industry (including construction), value added 32.4% (2025)
- Industry (including construction), value added 4.2% (2025)
Frequently asked questions
- What is gross capital formation in Middle income?
- Gross capital formation in Middle income was 33.4% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Middle income?
- The highest recorded value was 35.0% in 2021.
- What is the lowest gross capital formation recorded in Middle income?
- The lowest recorded value was 17.7% in 1962.
- How does Middle income rank for gross capital formation?
- Middle income ranks 8th out of 43 groups with data for 2024.
- Is gross capital formation rising or falling in Middle income?
- Over the last ten years it is down 1.9%. The long-run trend across the full record is rising.
- Where does this 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.
Download this data
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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.