Gross fixed capital formation in Middle income
Middle income: Gross fixed capital formation was 32.1% in 2024. ▲ Rising
Gross fixed capital formation in Middle income, 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 Middle income stood at 32.1%.
Compared with earlier readings it is down 1.1% on the previous year and down 0.3% over ten years.
Over the whole period, gross fixed capital formation in Middle income peaked at 33.2% in 2021 and was at its lowest, 16.1%, in 1962.
That places Middle income 6th 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 Middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 21.8% | — |
| 1961 | 17.7% | -18.5% |
| 1962 | 16.1% | -9.1% |
| 1963 | 16.3% | +1.4% |
| 1964 | 17.7% | +8.4% |
| 1965 | 18.6% | +4.8% |
| 1966 | 18.5% | -0.3% |
| 1967 | 17.4% | -6.1% |
| 1968 | 17.0% | -2.0% |
| 1969 | 18.3% | +7.3% |
| 1970 | 19.4% | +6.0% |
| 1971 | 20.0% | +3.2% |
| 1972 | 20.6% | +2.7% |
| 1973 | 20.4% | -0.6% |
| 1974 | 20.6% | +0.7% |
| 1975 | 23.7% | +15.2% |
| 1976 | 24.7% | +4.0% |
| 1977 | 24.9% | +1.1% |
| 1978 | 25.0% | +0.4% |
| 1979 | 23.3% | -6.9% |
| 1980 | 23.2% | -0.5% |
| 1981 | 22.9% | -1.1% |
| 1982 | 22.8% | -0.4% |
| 1983 | 23.0% | +1.0% |
| 1984 | 22.7% | -1.7% |
| 1985 | 22.3% | -1.4% |
| 1986 | 23.2% | +4.1% |
| 1987 | 22.8% | -1.9% |
| 1988 | 23.4% | +2.5% |
| 1989 | 23.7% | +1.2% |
| 1990 | 21.9% | -7.6% |
| 1991 | 22.4% | +2.5% |
| 1992 | 23.4% | +4.2% |
| 1993 | 24.2% | +3.6% |
| 1994 | 24.5% | +1.4% |
| 1995 | 23.7% | -3.6% |
| 1996 | 23.6% | -0.3% |
| 1997 | 23.4% | -0.8% |
| 1998 | 23.0% | -1.8% |
| 1999 | 23.0% | +0.2% |
| 2000 | 23.1% | +0.3% |
| 2001 | 23.7% | +2.7% |
| 2002 | 24.4% | +2.9% |
| 2003 | 25.6% | +4.8% |
| 2004 | 26.7% | +4.5% |
| 2005 | 27.0% | +1.1% |
| 2006 | 27.3% | +1.1% |
| 2007 | 28.0% | +2.5% |
| 2008 | 28.9% | +3.2% |
| 2009 | 30.7% | +6.3% |
| 2010 | 30.6% | -0.3% |
| 2011 | 31.4% | +2.4% |
| 2012 | 31.9% | +1.6% |
| 2013 | 32.3% | +1.3% |
| 2014 | 32.2% | -0.3% |
| 2015 | 32.2% | -0.1% |
| 2016 | 31.8% | -1.3% |
| 2017 | 31.8% | +0.2% |
| 2018 | 33.0% | +3.8% |
| 2019 | 32.6% | -1.2% |
| 2020 | 32.8% | +0.4% |
| 2021 | 33.2% | +1.3% |
| 2022 | 33.0% | -0.8% |
| 2023 | 32.5% | -1.4% |
| 2024 | 32.1% | -1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 18.0% | 16.1% | 21.8% | 10 |
| 1970s | 22.3% | 19.4% | 25.0% | 10 |
| 1980s | 23.0% | 22.3% | 23.7% | 10 |
| 1990s | 23.3% | 21.9% | 24.5% | 10 |
| 2000s | 26.5% | 23.1% | 30.7% | 10 |
| 2010s | 32.0% | 30.6% | 33.0% | 10 |
| 2020s | 32.7% | 32.1% | 33.2% | 5 |
Countries ranked near Middle income
More economy & growth data for Middle income
- Gross national expenditure 39.19 trillion current US$ (2024)
- GDP growth 4.5% (2025)
- Households and NPISHs final consumption expenditure 52.5% (2024)
- Final consumption expenditure 26.22 trillion current US$ (2024)
- Final consumption expenditure 25.71 trillion constant 2015 US$ (2025)
- Final consumption expenditure 4.4% (2025)
- Exports of goods and services 10.34 trillion current US$ (2025)
- Gross fixed capital formation 12.49 trillion current US$ (2024)
- Exports of goods and services 25.3% (2025)
- GDP per capita 6,779 current US$ (2025)
Frequently asked questions
- What is gross fixed capital formation in Middle income?
- Gross fixed capital formation in Middle income was 32.1% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Middle income?
- The highest recorded value was 33.2% in 2021.
- What is the lowest gross fixed capital formation recorded in Middle income?
- The lowest recorded value was 16.1% in 1962.
- How does Middle income rank for gross fixed capital formation?
- Middle income ranks 6th out of 43 groups with data for 2024.
- Is gross fixed capital formation rising or falling in 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 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.
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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.