Gross fixed capital formation in High income
High income: Gross fixed capital formation was 22.2% in 2024. ▼ Falling
Gross fixed capital formation in High income, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross fixed capital formation in High income is 22.2%, measured in 2024.
That represents a change of down 1.5% on the previous year and up 3.5% over ten years.
Over the whole period, gross fixed capital formation in High income peaked at 26.9% in 1973 and was at its lowest, 20.7%, in 2010.
High income ranks 28th of 43 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Gross fixed capital formation in High income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 25.1% | — |
| 1971 | 25.5% | +1.3% |
| 1972 | 26.1% | +2.5% |
| 1973 | 26.9% | +3.1% |
| 1974 | 26.2% | -2.6% |
| 1975 | 25.2% | -4.0% |
| 1976 | 24.9% | -1.1% |
| 1977 | 25.3% | +1.6% |
| 1978 | 26.0% | +3.0% |
| 1979 | 26.3% | +1.1% |
| 1980 | 26.0% | -1.2% |
| 1981 | 25.5% | -1.8% |
| 1982 | 24.6% | -3.5% |
| 1983 | 24.1% | -2.1% |
| 1984 | 24.3% | +0.9% |
| 1985 | 24.5% | +0.5% |
| 1986 | 24.7% | +0.9% |
| 1987 | 24.9% | +0.9% |
| 1988 | 25.6% | +2.8% |
| 1989 | 26.1% | +1.9% |
| 1990 | 25.8% | -1.1% |
| 1991 | 25.1% | -2.8% |
| 1992 | 24.4% | -2.7% |
| 1993 | 24.0% | -1.7% |
| 1994 | 24.0% | -0.1% |
| 1995 | 24.0% | +0.4% |
| 1996 | 24.1% | +0.2% |
| 1997 | 23.7% | -1.5% |
| 1998 | 23.5% | -0.8% |
| 1999 | 23.8% | +1.2% |
| 2000 | 24.1% | +1.2% |
| 2001 | 23.4% | -3.0% |
| 2002 | 22.5% | -3.9% |
| 2003 | 22.3% | -0.6% |
| 2004 | 22.5% | +0.7% |
| 2005 | 22.9% | +1.9% |
| 2006 | 23.2% | +1.3% |
| 2007 | 23.3% | +0.2% |
| 2008 | 22.9% | -1.5% |
| 2009 | 21.2% | -7.5% |
| 2010 | 20.7% | -2.1% |
| 2011 | 21.0% | +1.1% |
| 2012 | 21.3% | +1.3% |
| 2013 | 21.2% | -0.3% |
| 2014 | 21.5% | +1.2% |
| 2015 | 21.7% | +1.2% |
| 2016 | 21.8% | +0.4% |
| 2017 | 22.0% | +1.0% |
| 2018 | 22.1% | +0.5% |
| 2019 | 22.5% | +1.6% |
| 2020 | 22.6% | +0.6% |
| 2021 | 22.4% | -1.1% |
| 2022 | 22.4% | +0.0% |
| 2023 | 22.5% | +0.6% |
| 2024 | 22.2% | -1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.7% | 24.9% | 26.9% | 10 |
| 1980s | 25.0% | 24.1% | 26.1% | 10 |
| 1990s | 24.2% | 23.5% | 25.8% | 10 |
| 2000s | 22.8% | 21.2% | 24.1% | 10 |
| 2010s | 21.6% | 20.7% | 22.5% | 10 |
| 2020s | 22.4% | 22.2% | 22.6% | 5 |
Countries ranked near High income
- 25 Viet Nam 29.2% compare
- 26 Congo 29.1% compare
- 27 Kiribati 29.0% compare
- 28 Lao People's Democratic Republic 29.0% compare
- 29 United Arab Emirates 28.9% compare
- 30 Bahrain 28.9% compare
- 31 Iran, Islamic Republic of 28.8% compare
More economy & growth data for High income
- GDP (current US$), annual growth rate 6.5 % change on previous year (2025)
- Imports of goods and services 30.8% (2025)
- External balance on goods and services 0.9% (2025)
- Trade 60.5% (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 42,382 current US$ per person (2021)
- Agriculture, forestry, and fishing, value added 717.59 billion constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added -0.3% (2024)
- Industry (including construction), value added -0.3% (2024)
- Industry (including construction), value added 12.75 trillion constant 2015 US$ (2024)
- Industry (including construction), value added 15.39 trillion current US$ (2024)
Frequently asked questions
- What is gross fixed capital formation in High income?
- Gross fixed capital formation in High income was 22.2% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in High income?
- The highest recorded value was 26.9% in 1973.
- What is the lowest gross fixed capital formation recorded in High income?
- The lowest recorded value was 20.7% in 2010.
- How does High income rank for gross fixed capital formation?
- High income ranks 28th 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 3.5%. The long-run trend across the full record is falling.
- Where does this High income data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (% of GDP). 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 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.