Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — Upper-middle-income countries

Gross capital formation (% of GDP) in upper-middle-income countries in 2025 — 23.1%. Since 1990, the indicator has fallen by 3.8 pp.

2025 23.1% −10.8 pp vs 2024
World rank
Period maximum 36.6%2021
Period minimum 23.1%2025

Trend over time

1990–2025 · % of GDP

Gross capital formation (% of GDP) — Upper-middle-income countries, 1990–2025202530354019901994199820022006201020142018202220251990: 26.9%1991: 25.2%1992: 25.7%1993: 27%1994: 27.4%1995: 26.3%1996: 26.3%1997: 25.3%1998: 24.6%1999: 23.9%2000: 24.4%2001: 24.9%2002: 25.6%2003: 27.2%2004: 28.6%2005: 28.3%2006: 28.8%2007: 29.7%2008: 31.6%2009: 32.5%2010: 33.8%2011: 34.5%2012: 34.8%2013: 35.5%2014: 35.4%2015: 34.8%2016: 34.2%2017: 34.4%2018: 35.5%2019: 35%2020: 35.7%2021: 36.6%2022: 35.9%2023: 34.4%2024: 33.9%2025: 23.1%
Change over the period: −3.8 pp Annual average: -0.11 pp
Gross capital formation (% of GDP) — Upper-middle-income countries, by year Upper-middle-income countries All countries CSV XLSX
Year % Change, pp
2025 23.1 −10.8 pp
2024 33.9 −0.5 pp
2023 34.4 −1.5 pp
2022 35.9 −0.7 pp
2021 36.6 +0.9 pp
2020 35.7 +0.7 pp
2019 35 −0.5 pp
2018 35.5 +1.1 pp
2017 34.4 +0.1 pp
2016 34.2 −0.5 pp
2015 34.8 −0.7 pp
2014 35.4 −0 pp
2013 35.5 +0.7 pp
2012 34.8 +0.3 pp
2011 34.5 +0.7 pp
2010 33.8 +1.3 pp
2009 32.5 +0.9 pp
2008 31.6 +1.9 pp
2007 29.7 +0.9 pp
2006 28.8 +0.5 pp
2005 28.3 −0.3 pp
2004 28.6 +1.5 pp
2003 27.2 +1.6 pp
2002 25.6 +0.6 pp
2001 24.9 +0.5 pp
2000 24.4 +0.5 pp
1999 23.9 −0.7 pp
1998 24.6 −0.7 pp
1997 25.3 −1 pp
1996 26.3 +0 pp
1995 26.3 −1.1 pp
1994 27.4 +0.4 pp
1993 27 +1.3 pp
1992 25.7 +0.5 pp
1991 25.2 −1.7 pp
1990 26.9

About the indicator

Gross capital formation as a percent of GDP: outlays on fixed assets (buildings, structures, machinery, transport equipment, infrastructure), changes in inventories of material working assets and net acquisition of valuables. A steadily high rate of capital formation is a necessary condition for fast growth: during the economic surges of East Asia the indicator exceeded 35–40% of GDP.

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