Gross fixed capital formation in High income
High income: Gross fixed capital formation was 1.4% in 2024. ◆ Volatile
Gross fixed capital formation in High income, 1971–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for gross fixed capital formation in High income is 1.4%, measured in 2024.
Compared with earlier readings it is down 49.6% on the previous year and down 62.5% over ten years.
Over the whole period, gross fixed capital formation in High income peaked at 7.4% in 1988 and was at its lowest, -10.5%, in 2009.
High income ranks 22nd of 31 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in High income, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 5.2% | — |
| 1972 | 7.2% | +38.7% |
| 1973 | 7.0% | -2.6% |
| 1974 | -3.5% | -149.6% |
| 1975 | -4.0% | +15.7% |
| 1976 | 3.9% | -198.8% |
| 1977 | 4.7% | +20.3% |
| 1978 | 6.1% | +27.7% |
| 1979 | 5.0% | -16.8% |
| 1980 | -0.3% | -105.0% |
| 1981 | 0.1% | -138.6% |
| 1982 | -2.3% | -2427.0% |
| 1983 | 2.5% | -210.7% |
| 1984 | 6.5% | +157.9% |
| 1985 | 4.9% | -24.0% |
| 1986 | 4.4% | -9.5% |
| 1987 | 5.3% | +18.8% |
| 1988 | 7.4% | +40.7% |
| 1989 | 5.8% | -21.4% |
| 1990 | 3.4% | -41.6% |
| 1991 | -1.7% | -148.8% |
| 1992 | -2.5% | +47.3% |
| 1993 | -2.0% | -18.1% |
| 1994 | 2.8% | -237.9% |
| 1995 | 4.1% | +48.6% |
| 1996 | 5.2% | +25.2% |
| 1997 | 3.8% | -26.7% |
| 1998 | 3.5% | -6.2% |
| 1999 | 4.8% | +36.4% |
| 2000 | 5.4% | +11.0% |
| 2001 | -0.0% | -100.5% |
| 2002 | -1.0% | +3938.6% |
| 2003 | 2.8% | -383.5% |
| 2004 | 4.6% | +61.5% |
| 2005 | 5.1% | +11.1% |
| 2006 | 4.4% | -13.2% |
| 2007 | 3.3% | -25.5% |
| 2008 | -1.2% | -137.7% |
| 2009 | -10.5% | +748.9% |
| 2010 | 2.0% | -119.1% |
| 2011 | 3.6% | +82.5% |
| 2012 | 3.3% | -9.9% |
| 2013 | 2.2% | -32.8% |
| 2014 | 3.8% | +70.1% |
| 2015 | 3.1% | -16.7% |
| 2016 | 2.2% | -29.0% |
| 2017 | 3.8% | +71.4% |
| 2018 | 3.2% | -15.4% |
| 2019 | 3.2% | -0.7% |
| 2020 | -3.1% | -195.3% |
| 2021 | 5.3% | -272.3% |
| 2022 | 2.6% | -50.5% |
| 2023 | 2.8% | +7.4% |
| 2024 | 1.4% | -49.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.5% | -4.0% | 7.2% | 9 |
| 1980s | 3.4% | -2.3% | 7.4% | 10 |
| 1990s | 2.1% | -2.5% | 5.2% | 10 |
| 2000s | 1.3% | -10.5% | 5.4% | 10 |
| 2010s | 3.1% | 2.0% | 3.8% | 10 |
| 2020s | 1.8% | -3.1% | 5.3% | 5 |
Countries ranked near High income
More economy & growth data for High income
- Industry (including construction), value added 21.3% (2024)
- Agriculture, forestry, and fishing, value added -0.3% (2024)
- Manufacturing, value added 8.66 trillion current US$ (2024)
- Manufacturing, value added 8.09 trillion constant 2015 US$ (2024)
- Manufacturing, value added 12.0% (2024)
- Trade in services 16.0% (2025)
- Industry (including construction), value added 12.75 trillion constant 2015 US$ (2024)
- Industry (including construction), value added -0.3% (2024)
- GDP 76.88 trillion current US$ (2025)
- Gross value added at basic prices (GVA) 58.99 trillion current US$ (2021)
Frequently asked questions
- What is gross fixed capital formation in High income?
- Gross fixed capital formation in High income was 1.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in High income?
- The highest recorded value was 7.4% in 1988.
- What is the lowest gross fixed capital formation recorded in High income?
- The lowest recorded value was -10.5% in 2009.
- How does High income rank for gross fixed capital formation?
- High income ranks 22nd out of 31 groups with data for 2024.
- Is gross fixed capital formation rising or falling in High income?
- Over the last ten years it is down 62.5%. The long-run trend across the full record is volatile.
- Where does this High income data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.