Gross fixed capital formation in Low & middle income
Low & middle income: Gross fixed capital formation 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 41 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$, in 1962.
Low & middle income ranks 7th of 41 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Low & middle income, year by year
| Year | current US$ | 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 of Great Britain and Northern Ireland 755.83 billion current US$ compare
- 7 France 741.24 billion current US$ compare
- 8 Russian Federation 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
- Inflation, consumer prices 3.5% (2025)
- Households and NPISHs Final consumption expenditure 20.06 trillion constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 20.90 trillion current US$ (2024)
- Imports of goods and services 10.10 trillion current US$ (2025)
- Imports of goods and services 24.3% (2025)
- General government final consumption expenditure 15.3% (2024)
- General government final consumption expenditure 6.03 trillion current US$ (2024)
- External balance on goods and services 0.9% (2025)
- Industry (including construction), value added 13.41 trillion current US$ (2025)
- Manufacturing, value added 20.1% (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 41 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.
Download this data
CSV · JSON — 65 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 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.