Gross fixed capital formation in High income
High income: Gross fixed capital formation was 16.03 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
16.03 trillion current US$
Change on year
up 2.8%
Rank
2nd
of 43 groups
All-time high
16.03 trillion current US$
in 2024
All-time low
622.95 billion current US$
in 1970
Years of data
55
1970–2024
Gross fixed capital formation in High income, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
High income recorded 16.03 trillion current US$ for gross fixed capital formation in 2024. That is the highest value across all 55 years on record.
The figure is up 2.8% on the previous year and up 39.0% over ten years.
Over the whole period, gross fixed capital formation in High income peaked at 16.03 trillion current US$ in 2024 and was at its lowest, 622.95 billion current US$, in 1970.
That places High income 2nd out of 43 groups with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in High income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 622.95 billion current US$ | — |
| 1971 | 701.03 billion current US$ | +12.5% |
| 1972 | 835.05 billion current US$ | +19.1% |
| 1973 | 1.04 trillion current US$ | +25.1% |
| 1974 | 1.15 trillion current US$ | +10.2% |
| 1975 | 1.23 trillion current US$ | +7.1% |
| 1976 | 1.33 trillion current US$ | +7.7% |
| 1977 | 1.53 trillion current US$ | +15.0% |
| 1978 | 1.89 trillion current US$ | +23.7% |
| 1979 | 2.20 trillion current US$ | +16.8% |
| 1980 | 2.43 trillion current US$ | +10.3% |
| 1981 | 2.42 trillion current US$ | -0.3% |
| 1982 | 2.32 trillion current US$ | -4.4% |
| 1983 | 2.34 trillion current US$ | +1.2% |
| 1984 | 2.47 trillion current US$ | +5.2% |
| 1985 | 2.60 trillion current US$ | +5.5% |
| 1986 | 3.19 trillion current US$ | +22.6% |
| 1987 | 3.73 trillion current US$ | +17.1% |
| 1988 | 4.32 trillion current US$ | +15.8% |
| 1989 | 4.58 trillion current US$ | +6.1% |
| 1990 | 5.08 trillion current US$ | +10.8% |
| 1991 | 5.20 trillion current US$ | +2.5% |
| 1992 | 5.43 trillion current US$ | +4.2% |
| 1993 | 5.37 trillion current US$ | -1.0% |
| 1994 | 5.74 trillion current US$ | +6.8% |
| 1995 | 6.39 trillion current US$ | +11.3% |
| 1996 | 6.45 trillion current US$ | +1.0% |
| 1997 | 6.25 trillion current US$ | -3.1% |
| 1998 | 6.18 trillion current US$ | -1.1% |
| 1999 | 6.55 trillion current US$ | +6.0% |
| 2000 | 6.79 trillion current US$ | +3.6% |
| 2001 | 6.53 trillion current US$ | -3.8% |
| 2002 | 6.55 trillion current US$ | +0.3% |
| 2003 | 7.30 trillion current US$ | +11.5% |
| 2004 | 8.21 trillion current US$ | +12.5% |
| 2005 | 8.89 trillion current US$ | +8.2% |
| 2006 | 9.56 trillion current US$ | +7.5% |
| 2007 | 10.54 trillion current US$ | +10.2% |
| 2008 | 11.13 trillion current US$ | +5.6% |
| 2009 | 9.58 trillion current US$ | -14.0% |
| 2010 | 9.88 trillion current US$ | +3.1% |
| 2011 | 10.87 trillion current US$ | +10.1% |
| 2012 | 11.06 trillion current US$ | +1.7% |
| 2013 | 11.19 trillion current US$ | +1.2% |
| 2014 | 11.53 trillion current US$ | +3.0% |
| 2015 | 10.90 trillion current US$ | -5.5% |
| 2016 | 11.16 trillion current US$ | +2.4% |
| 2017 | 11.85 trillion current US$ | +6.2% |
| 2018 | 12.66 trillion current US$ | +6.8% |
| 2019 | 12.99 trillion current US$ | +2.6% |
| 2020 | 12.75 trillion current US$ | -1.8% |
| 2021 | 14.19 trillion current US$ | +11.3% |
| 2022 | 14.73 trillion current US$ | +3.8% |
| 2023 | 15.60 trillion current US$ | +5.8% |
| 2024 | 16.03 trillion current US$ | +2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.25 trillion current US$ | 622.95 billion current US$ | 2.20 trillion current US$ | 10 |
| 1980s | 3.04 trillion current US$ | 2.32 trillion current US$ | 4.58 trillion current US$ | 10 |
| 1990s | 5.86 trillion current US$ | 5.08 trillion current US$ | 6.55 trillion current US$ | 10 |
| 2000s | 8.51 trillion current US$ | 6.53 trillion current US$ | 11.13 trillion current US$ | 10 |
| 2010s | 11.41 trillion current US$ | 9.88 trillion current US$ | 12.99 trillion current US$ | 10 |
| 2020s | 14.66 trillion current US$ | 12.75 trillion current US$ | 16.03 trillion current US$ | 5 |
Countries ranked near High income
More economy & growth data for High income
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0126 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2.76 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 8,900 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1748 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$) 5.41 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 679.7 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 855.36 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.22 trillion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0158 BoP, current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 4.57 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation in High income?
- Gross fixed capital formation in High income was 16.03 trillion current US$ 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 16.03 trillion current US$ in 2024.
- What is the lowest gross fixed capital formation recorded in High income?
- The lowest recorded value was 622.95 billion current US$ in 1970.
- How does High income rank for gross fixed capital formation?
- High income ranks 2nd out of 43 groups with data for 2024.
- Is gross fixed capital formation rising or falling in High income?
- Over the last ten years it is up 39.0%. 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 (current US$). Statizoid updates them automatically from the source API.
Download this data
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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 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.