Gross fixed capital formation in IDA & IBRD total
IDA & IBRD total: Gross fixed capital formation was 31.0% in 2024. ▲ Rising
Gross fixed capital formation in IDA & IBRD total, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross fixed capital formation in IDA & IBRD total stood at 31.0%.
That represents a change of down 1.3% on the previous year and up 0.0% over ten years.
Over the whole period, gross fixed capital formation in IDA & IBRD total peaked at 31.9% in 2021 and was at its lowest, 16.2%, in 1962.
IDA & IBRD total ranks 11th of 43 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 65 years of available data.
Gross fixed capital formation in IDA & IBRD total, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 21.7% | — |
| 1961 | 17.8% | -17.8% |
| 1962 | 16.2% | -9.1% |
| 1963 | 16.3% | +0.6% |
| 1964 | 17.8% | +9.3% |
| 1965 | 18.6% | +4.5% |
| 1966 | 18.5% | -0.3% |
| 1967 | 17.5% | -5.5% |
| 1968 | 17.2% | -2.0% |
| 1969 | 18.4% | +7.0% |
| 1970 | 19.4% | +5.7% |
| 1971 | 20.1% | +3.4% |
| 1972 | 20.6% | +2.6% |
| 1973 | 20.5% | -0.8% |
| 1974 | 20.8% | +1.8% |
| 1975 | 24.0% | +15.4% |
| 1976 | 25.0% | +4.1% |
| 1977 | 25.2% | +0.7% |
| 1978 | 25.2% | +0.1% |
| 1979 | 23.6% | -6.5% |
| 1980 | 23.6% | +0.2% |
| 1981 | 23.4% | -0.9% |
| 1982 | 23.2% | -0.8% |
| 1983 | 23.4% | +0.7% |
| 1984 | 23.0% | -1.5% |
| 1985 | 22.7% | -1.3% |
| 1986 | 23.6% | +3.9% |
| 1987 | 23.2% | -1.6% |
| 1988 | 23.7% | +2.1% |
| 1989 | 24.6% | +4.0% |
| 1990 | 22.6% | -8.3% |
| 1991 | 22.1% | -2.4% |
| 1992 | 23.2% | +5.3% |
| 1993 | 23.6% | +1.6% |
| 1994 | 24.1% | +2.2% |
| 1995 | 23.2% | -3.7% |
| 1996 | 23.2% | -0.2% |
| 1997 | 23.0% | -0.9% |
| 1998 | 22.6% | -1.6% |
| 1999 | 22.6% | -0.2% |
| 2000 | 22.7% | +0.5% |
| 2001 | 23.3% | +2.5% |
| 2002 | 23.7% | +2.0% |
| 2003 | 24.8% | +4.5% |
| 2004 | 25.7% | +3.7% |
| 2005 | 25.9% | +0.8% |
| 2006 | 26.2% | +1.3% |
| 2007 | 27.2% | +3.7% |
| 2008 | 28.1% | +3.4% |
| 2009 | 29.6% | +5.2% |
| 2010 | 29.5% | -0.5% |
| 2011 | 30.1% | +2.1% |
| 2012 | 30.6% | +1.7% |
| 2013 | 31.0% | +1.2% |
| 2014 | 31.0% | -0.0% |
| 2015 | 31.1% | +0.5% |
| 2016 | 30.8% | -1.0% |
| 2017 | 30.8% | -0.1% |
| 2018 | 31.8% | +3.3% |
| 2019 | 31.5% | -0.9% |
| 2020 | 31.6% | +0.4% |
| 2021 | 31.9% | +0.9% |
| 2022 | 31.6% | -0.9% |
| 2023 | 31.4% | -0.8% |
| 2024 | 31.0% | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 18.0% | 16.2% | 21.7% | 10 |
| 1970s | 22.5% | 19.4% | 25.2% | 10 |
| 1980s | 23.5% | 22.7% | 24.6% | 10 |
| 1990s | 23.0% | 22.1% | 24.1% | 10 |
| 2000s | 25.7% | 22.7% | 29.6% | 10 |
| 2010s | 30.8% | 29.5% | 31.8% | 10 |
| 2020s | 31.5% | 31.0% | 31.9% | 5 |
Countries ranked near IDA & IBRD total
More economy & growth data for IDA & IBRD total
- Industry (including construction), value added 31.9% (2025)
- Agriculture, forestry, and fishing, value added 3.55 trillion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 3.4% (2025)
- Services, value added (current US$), per unit of GDP 0.5782 current US$ per US$ of GDP (2025)
- Industry (including construction), value added 14.76 trillion current US$ (2025)
- Industry (including construction), value added 13.87 trillion constant 2015 US$ (2025)
- Industry (including construction), value added 4.1% (2025)
- Services, value added (constant 2015 US$), annual growth rate 4.74 % change on previous year (2025)
- Services, value added 57.8% (2025)
- Services, value added 24.29 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is gross fixed capital formation in IDA & IBRD total?
- Gross fixed capital formation in IDA & IBRD total was 31.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in IDA & IBRD total?
- The highest recorded value was 31.9% in 2021.
- What is the lowest gross fixed capital formation recorded in IDA & IBRD total?
- The lowest recorded value was 16.2% in 1962.
- How does IDA & IBRD total rank for gross fixed capital formation?
- IDA & IBRD total ranks 11th out of 43 groups with data for 2024.
- Is gross fixed capital formation rising or falling in IDA & IBRD total?
- Over the last ten years it is up 0.0%. The long-run trend across the full record is rising.
- Where does this IDA & IBRD total 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.