Gross capital formation in US dollars — all countries

Gross capital formation in US dollars — Upper-middle-income countries

Gross capital formation in US dollars in upper-middle-income countries in 2025 — 2,685,437,269,242 US$. Since 1990, the indicator has risen by 361.9%.

2025 2.69T US$ −73.77% vs 2024
World rank
Period maximum 10.24T US$2024
Period minimum 525B US$1991

Trend over time

1990–2025 · US$

Gross capital formation in US dollars — Upper-middle-income countries, 1990–202505T10T15T19901994199820022006201020142018202220251990: 581,412,851,894 US$1991: 525,288,041,778 US$1992: 587,932,399,142 US$1993: 703,902,058,423 US$1994: 810,010,013,101 US$1995: 907,718,257,614 US$1996: 1,000,371,788,241 US$1997: 1,028,949,688,916 US$1998: 972,200,246,178 US$1999: 920,474,309,454 US$2000: 1,030,414,723,129 US$2001: 1,048,405,979,128 US$2002: 1,083,162,704,628 US$2003: 1,282,719,952,670 US$2004: 1,591,972,733,030 US$2005: 1,868,081,723,715 US$2006: 2,242,292,590,898 US$2007: 2,835,047,963,992 US$2008: 3,653,508,833,682 US$2009: 3,747,845,756,633 US$2010: 4,760,126,705,711 US$2011: 5,789,025,599,098 US$2012: 6,242,756,022,939 US$2013: 6,840,679,870,232 US$2014: 7,141,220,698,328 US$2015: 6,779,573,485,319 US$2016: 6,689,192,802,814 US$2017: 7,369,345,808,105 US$2018: 8,179,259,128,782 US$2019: 8,220,855,320,272 US$2020: 8,147,494,169,874 US$2021: 9,893,098,575,663 US$2022: 10,156,819,530,408 US$2023: 10,051,606,684,239 US$2024: 10,239,023,417,721 US$2025: 2,685,437,269,242 US$
Change over the period: +2.1T (+361.88%) Average annual rate: 4.47 %
Gross capital formation in US dollars — Upper-middle-income countries, by year Upper-middle-income countries All countries CSV XLSX
Year US$ Change Change, %
2025 2.69T −7.55T −73.77%
2024 10.24T +187B +1.86%
2023 10.05T −105B −1.04%
2022 10.16T +264B +2.67%
2021 9.89T +1.75T +21.43%
2020 8.15T −73.36B −0.89%
2019 8.22T +41.6B +0.51%
2018 8.18T +810B +10.99%
2017 7.37T +680B +10.17%
2016 6.69T −90.38B −1.33%
2015 6.78T −362B −5.06%
2014 7.14T +301B +4.39%
2013 6.84T +598B +9.58%
2012 6.24T +454B +7.84%
2011 5.79T +1.03T +21.61%
2010 4.76T +1.01T +27.01%
2009 3.75T +94.34B +2.58%
2008 3.65T +818B +28.87%
2007 2.84T +593B +26.44%
2006 2.24T +374B +20.03%
2005 1.87T +276B +17.34%
2004 1.59T +309B +24.11%
2003 1.28T +200B +18.42%
2002 1.08T +34.76B +3.32%
2001 1.05T +17.99B +1.75%
2000 1.03T +110B +11.94%
1999 920B −51.73B −5.32%
1998 972B −56.75B −5.52%
1997 1.03T +28.58B +2.86%
1996 1T +92.65B +10.21%
1995 908B +97.71B +12.06%
1994 810B +106B +15.07%
1993 704B +116B +19.72%
1992 588B +62.64B +11.93%
1991 525B −56.12B −9.65%
1990 581B

About the indicator

Gross fixed capital formation and changes in inventories in current US dollars — what is commonly called investment in the economy. It covers the construction of buildings and structures, purchases of machinery and equipment, roads and networks, as well as the build-up of inventories. The word gross means that the wear of existing capital is not deducted: part of these outlays merely replaces what is retiring rather than adding to the stock.

Important: This concerns outlays on physical capital inside the country, not financial investment and not inflows of foreign capital.

Source: World Development Indicators (World Bank), license CC BY 4.0.