Gross fixed capital formation (current US$) in Low & middle income
Low & middle income: Gross fixed capital formation (current US$) was 12.63 trillion current US$ in 2024. ◆ Volatile
Latest (2024)
12.63 trillion current US$
Change on year
up 2.3%
Rank
7th
of 43 groups
All-time high
12.63 trillion current US$
in 2024
All-time low
44.36 billion current US$
in 1962
Years of data
65
1960–2024
Gross fixed capital formation in Low & middle income, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Low & middle income recorded 12.63 trillion current US$ for gross fixed capital formation in 2024. That is the highest value across all 65 years on record.
The figure is up 2.3% on the previous year and up 48.5% over ten years.
Over the whole period, gross fixed capital formation in Low & middle income peaked at 12.63 trillion current US$ in 2024 and was at its lowest, 44.36 billion current US$, in 1962.
Low & middle income ranks 7th of 43 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$) in Low & middle income, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 58.21 billion current US$ | — |
| 1961 | 48.12 billion current US$ | -17.3% |
| 1962 | 44.36 billion current US$ | -7.8% |
| 1963 | 49.53 billion current US$ | +11.6% |
| 1964 | 60.52 billion current US$ | +22.2% |
| 1965 | 69.80 billion current US$ | +15.3% |
| 1966 | 72.19 billion current US$ | +3.4% |
| 1967 | 69.86 billion current US$ | -3.2% |
| 1968 | 72.64 billion current US$ | +4.0% |
| 1969 | 86.97 billion current US$ | +19.7% |
| 1970 | 100.74 billion current US$ | +15.8% |
| 1971 | 111.95 billion current US$ | +11.1% |
| 1972 | 129.12 billion current US$ | +15.3% |
| 1973 | 163.52 billion current US$ | +26.6% |
| 1974 | 211.10 billion current US$ | +29.1% |
| 1975 | 268.51 billion current US$ | +27.2% |
| 1976 | 301.64 billion current US$ | +12.3% |
| 1977 | 341.95 billion current US$ | +13.4% |
| 1978 | 379.63 billion current US$ | +11.0% |
| 1979 | 412.05 billion current US$ | +8.5% |
| 1980 | 488.33 billion current US$ | +18.5% |
| 1981 | 540.65 billion current US$ | +10.7% |
| 1982 | 530.76 billion current US$ | -1.8% |
| 1983 | 520.17 billion current US$ | -2.0% |
| 1984 | 523.61 billion current US$ | +0.7% |
| 1985 | 536.02 billion current US$ | +2.4% |
| 1986 | 567.86 billion current US$ | +5.9% |
| 1987 | 571.58 billion current US$ | +0.7% |
| 1988 | 625.23 billion current US$ | +9.4% |
| 1989 | 674.17 billion current US$ | +7.8% |
| 1990 | 715.11 billion current US$ | +6.1% |
| 1991 | 712.66 billion current US$ | -0.3% |
| 1992 | 787.70 billion current US$ | +10.5% |
| 1993 | 881.28 billion current US$ | +11.9% |
| 1994 | 1.00 trillion current US$ | +13.6% |
| 1995 | 1.12 trillion current US$ | +12.0% |
| 1996 | 1.24 trillion current US$ | +10.6% |
| 1997 | 1.31 trillion current US$ | +5.3% |
| 1998 | 1.26 trillion current US$ | -3.4% |
| 1999 | 1.22 trillion current US$ | -3.4% |
| 2000 | 1.33 trillion current US$ | +9.4% |
| 2001 | 1.37 trillion current US$ | +3.1% |
| 2002 | 1.43 trillion current US$ | +4.3% |
| 2003 | 1.68 trillion current US$ | +17.0% |
| 2004 | 2.06 trillion current US$ | +22.8% |
| 2005 | 2.46 trillion current US$ | +19.6% |
| 2006 | 2.93 trillion current US$ | +19.2% |
| 2007 | 3.69 trillion current US$ | +26.0% |
| 2008 | 4.54 trillion current US$ | +22.9% |
| 2009 | 4.84 trillion current US$ | +6.7% |
| 2010 | 5.88 trillion current US$ | +21.4% |
| 2011 | 7.05 trillion current US$ | +19.9% |
| 2012 | 7.63 trillion current US$ | +8.3% |
| 2013 | 8.16 trillion current US$ | +7.0% |
| 2014 | 8.50 trillion current US$ | +4.2% |
| 2015 | 8.21 trillion current US$ | -3.4% |
| 2016 | 8.20 trillion current US$ | -0.2% |
| 2017 | 8.98 trillion current US$ | +9.5% |
| 2018 | 9.92 trillion current US$ | +10.4% |
| 2019 | 10.10 trillion current US$ | +1.8% |
| 2020 | 9.80 trillion current US$ | -3.0% |
| 2021 | 11.71 trillion current US$ | +19.6% |
| 2022 | 12.17 trillion current US$ | +3.9% |
| 2023 | 12.35 trillion current US$ | +1.4% |
| 2024 | 12.63 trillion current US$ | +2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 63.22 billion current US$ | 44.36 billion current US$ | 86.97 billion current US$ | 10 |
| 1970s | 242.02 billion current US$ | 100.74 billion current US$ | 412.05 billion current US$ | 10 |
| 1980s | 557.84 billion current US$ | 488.33 billion current US$ | 674.17 billion current US$ | 10 |
| 1990s | 1.02 trillion current US$ | 712.66 billion current US$ | 1.31 trillion current US$ | 10 |
| 2000s | 2.63 trillion current US$ | 1.33 trillion current US$ | 4.84 trillion current US$ | 10 |
| 2010s | 8.26 trillion current US$ | 5.88 trillion current US$ | 10.10 trillion current US$ | 10 |
| 2020s | 11.73 trillion current US$ | 9.80 trillion current US$ | 12.63 trillion current US$ | 5 |
Countries ranked near Low & middle income
- 4 Japan 1.17 trillion current US$ compare
- 5 Germany 1.03 trillion current US$ compare
- 6 United Kingdom 755.83 billion current US$ compare
- 7 France 741.24 billion current US$ compare
- 8 Russia 591.40 billion current US$ compare
- 9 Italy 557.13 billion current US$ compare
- 10 Canada 531.31 billion current US$ compare
More economy & growth data for Low & middle income
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 39.46 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 267.99 billion BoP, current US$ (2025)
- GDP (current US$), annual growth rate 5.03 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5761 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 3,519 current US$ per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 5.02 % change on previous year (2025)
- Services, value added (constant 2015 US$), 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 (constant 2015 US$), annual growth rate 4.53 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Low & middle income?
- Gross fixed capital formation in Low & middle income was 12.63 trillion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Low & middle income?
- The highest recorded value was 12.63 trillion current US$ in 2024.
- What is the lowest gross fixed capital formation recorded in Low & middle income?
- The lowest recorded value was 44.36 billion current US$ in 1962.
- How does Low & middle income rank for gross fixed capital formation?
- Low & middle income ranks 7th out of 43 groups with data for 2024.
- Is gross fixed capital formation rising or falling in Low & middle income?
- Over the last ten years it is up 48.5%. The long-run trend across the full record is volatile.
- Where does this Low & middle 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.
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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.