Gross capital formation in Upper middle income
Upper middle income: Gross capital formation was 10.81 trillion current US$ in 2024. ◆ Volatile
Gross capital formation in Upper middle income, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, gross capital formation in Upper middle income stood at 10.81 trillion current US$. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 2.1% on the previous year and up 43.9% over ten years.
Over the whole period, gross capital formation in Upper middle income peaked at 10.81 trillion current US$ in 2024 and was at its lowest, 31.17 billion current US$, in 1962.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 50.91 billion current US$ | 31.17 billion current US$ | 72.51 billion current US$ | 10 |
| 1970s | 204.36 billion current US$ | 90.05 billion current US$ | 332.50 billion current US$ | 10 |
| 1980s | 444.03 billion current US$ | 400.73 billion current US$ | 552.43 billion current US$ | 10 |
| 1990s | 887.31 billion current US$ | 627.82 billion current US$ | 1.12 trillion current US$ | 10 |
| 2000s | 2.20 trillion current US$ | 1.11 trillion current US$ | 4.02 trillion current US$ | 10 |
| 2010s | 7.20 trillion current US$ | 5.11 trillion current US$ | 8.65 trillion current US$ | 10 |
| 2020s | 10.19 trillion current US$ | 8.52 trillion current US$ | 10.81 trillion current US$ | 5 |
More economy & growth data for Upper middle income
- Agriculture, forestry, and fishing, value added 2.16 trillion constant 2015 US$ (2025)
- Households and NPISHs Final consumption expenditure per capita 4,884 constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 4.5% (2024)
- Households and NPISHs Final consumption expenditure 14.99 trillion constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 15.64 trillion current US$ (2024)
- External balance on goods and services 2.1% (2025)
- Trade 48.9% (2025)
- General government final consumption expenditure 15.9% (2024)
- General government final consumption expenditure 5.09 trillion current US$ (2024)
- Industry (including construction), value added 10.57 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is gross capital formation in Upper middle income?
- Gross capital formation in Upper middle income was 10.81 trillion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Upper middle income?
- The highest recorded value was 10.81 trillion current US$ in 2024.
- What is the lowest gross capital formation recorded in Upper middle income?
- The lowest recorded value was 31.17 billion current US$ in 1962.
- Is gross capital formation rising or falling in Upper middle income?
- Over the last ten years it is up 43.9%. The long-run trend across the full record is volatile.
- Where does this Upper middle income data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross 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 capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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.