Gross fixed capital formation in Low & middle income
Low & middle income: Gross fixed capital formation was 32.0% in 2024. ▲ Rising
Gross fixed capital formation in Low & middle income, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Low & middle income recorded 32.0% for gross fixed capital formation in 2024.
That represents a change of down 1.2% on the previous year and down 0.3% over ten years.
Over the whole period, gross fixed capital formation in Low & middle income peaked at 33.1% in 2021 and was at its lowest, 15.6%, in 1962.
That places Low & middle income 7th out of 43 groups with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 65 years of available data.
Gross fixed capital formation in Low & middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 21.1% | — |
| 1961 | 17.2% | -18.5% |
| 1962 | 15.6% | -9.5% |
| 1963 | 15.7% | +0.8% |
| 1964 | 17.3% | +10.0% |
| 1965 | 18.1% | +4.6% |
| 1966 | 18.0% | -0.3% |
| 1967 | 17.0% | -5.8% |
| 1968 | 16.6% | -2.0% |
| 1969 | 17.8% | +7.3% |
| 1970 | 18.9% | +6.1% |
| 1971 | 19.5% | +3.2% |
| 1972 | 20.1% | +2.8% |
| 1973 | 20.0% | -0.5% |
| 1974 | 20.2% | +1.0% |
| 1975 | 23.2% | +15.2% |
| 1976 | 24.2% | +4.2% |
| 1977 | 24.4% | +0.9% |
| 1978 | 24.5% | +0.1% |
| 1979 | 22.9% | -6.5% |
| 1980 | 22.9% | +0.2% |
| 1981 | 22.7% | -1.1% |
| 1982 | 22.5% | -0.5% |
| 1983 | 22.8% | +1.0% |
| 1984 | 22.4% | -1.6% |
| 1985 | 22.1% | -1.5% |
| 1986 | 22.9% | +3.9% |
| 1987 | 22.5% | -1.9% |
| 1988 | 23.0% | +2.2% |
| 1989 | 23.3% | +1.3% |
| 1990 | 21.5% | -7.5% |
| 1991 | 22.0% | +2.2% |
| 1992 | 23.2% | +5.3% |
| 1993 | 24.0% | +3.6% |
| 1994 | 24.4% | +1.6% |
| 1995 | 23.5% | -3.6% |
| 1996 | 23.5% | -0.1% |
| 1997 | 23.3% | -1.0% |
| 1998 | 22.9% | -1.8% |
| 1999 | 22.9% | +0.1% |
| 2000 | 23.0% | +0.4% |
| 2001 | 23.6% | +2.8% |
| 2002 | 24.3% | +2.8% |
| 2003 | 25.5% | +4.8% |
| 2004 | 26.6% | +4.4% |
| 2005 | 26.9% | +1.1% |
| 2006 | 27.2% | +1.1% |
| 2007 | 27.9% | +2.5% |
| 2008 | 28.7% | +3.1% |
| 2009 | 30.5% | +6.3% |
| 2010 | 30.5% | -0.2% |
| 2011 | 31.2% | +2.5% |
| 2012 | 31.7% | +1.6% |
| 2013 | 32.2% | +1.3% |
| 2014 | 32.1% | -0.3% |
| 2015 | 32.0% | -0.2% |
| 2016 | 31.6% | -1.2% |
| 2017 | 31.7% | +0.2% |
| 2018 | 32.9% | +3.8% |
| 2019 | 32.5% | -1.2% |
| 2020 | 32.6% | +0.3% |
| 2021 | 33.1% | +1.4% |
| 2022 | 32.8% | -0.8% |
| 2023 | 32.4% | -1.4% |
| 2024 | 32.0% | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.4% | 15.6% | 21.1% | 10 |
| 1970s | 21.8% | 18.9% | 24.5% | 10 |
| 1980s | 22.7% | 22.1% | 23.3% | 10 |
| 1990s | 23.1% | 21.5% | 24.4% | 10 |
| 2000s | 26.4% | 23.0% | 30.5% | 10 |
| 2010s | 31.9% | 30.5% | 32.9% | 10 |
| 2020s | 32.6% | 32.0% | 33.1% | 5 |
Countries ranked near Low & middle income
More economy & growth data for Low & middle income
- GDP (constant 2015 US$), per capita 5,732 constant 2015 US$ per person (2025)
- Gross capital formation 2.7% (2025)
- Gross capital formation 33.2% (2024)
- Imports of goods and services 10.10 trillion current US$ (2025)
- Imports of goods and services 24.3% (2025)
- External balance on goods and services 0.9% (2025)
- Trade 48.5% (2025)
- Gross domestic savings (current US$), annual growth rate 0.7748 % change on previous year (2024)
- Industry (including construction), value added 12.99 trillion constant 2015 US$ (2025)
- Industry (including construction), value added 13.41 trillion current US$ (2025)
Frequently asked questions
- What is gross fixed capital formation in Low & middle income?
- Gross fixed capital formation in Low & middle income was 32.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Low & middle income?
- The highest recorded value was 33.1% in 2021.
- What is the lowest gross fixed capital formation recorded in Low & middle income?
- The lowest recorded value was 15.6% 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 down 0.3%. The long-run trend across the full record is rising.
- Where does this Low & middle 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.
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 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.