IBRD only's gross fixed capital formation (% of GDP) was 31.06% in 2024, the latest year in the World Bank's World Development Indicators. That is down 0.4 percentage points from 31.46% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 31.06% | 2024 |
| Five years earlier | 31.98% | 2019 |
| Ten years earlier | 31.46% | 2014 |
| Highest | 32.31% | 2021 |
| Lowest | 17.19% | 1962 |
| Average since 2015 | 31.69% | 2015–2024 |
| First recorded | 23% | 1960 |
What the numbers say
In 2024, IBRD only's gross fixed capital formation (% of GDP) fell 0.58 percentage points on 2023 (from 31.63% to 31.06%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.26 percentage points and a typical year strayed about 0.56 percentage points from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 3.56 percentage points in 1975 and the biggest yearly fall was 4.14 percentage points in 1961. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| IBRD only | 31.06% | 2024 |
| World | 25.62% | 2024 |
What this measures
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.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 65 values
| Year | Gross fixed capital formation (% of GDP) |
|---|---|
| 2024 | 31.06 |
| 2023 | 31.63 |
| 2022 | 32.01 |
| 2021 | 32.31 |
| 2020 | 32.15 |
| 2019 | 31.98 |
| 2018 | 32.06 |
| 2017 | 31.01 |
| 2016 | 31.12 |
| 2015 | 31.58 |
| 2014 |
Gross fixed capital formation (% of GDP) in nearby economies
More economic policy & debt data for IBRD only
- Charges for the use of intellectual property, payments (BoP, current US$) — US$129.32 billion (2025)
- Portfolio equity, net inflows (BoP, current US$) — US$11.74 billion (2025)
- Exports of goods and services (current US$) — US$11.25 trillion (2025)
- Exports of goods and services (% of GDP) — 26.13% (2025)
- Imports of goods and services (current US$) — US$10.56 trillion (2025)
- Imports of goods and services (% of GDP) — 24.53% (2025)
- External balance on goods and services (% of GDP) — 1.61% (2025)
- Trade (% of GDP) — 49.3% (2025)
- Agriculture, forestry, and fishing, value added (current US$)
Reading data like this
Questions people ask
- What is IBRD only's gross fixed capital formation (% of GDP)?
- 31.06% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 8.06 percentage points from 23% in 1960. The highest value was 32.31% in 2021 and the lowest 17.19% in 1962.
- Is the latest change in gross fixed capital formation (% of GDP) unusual for IBRD only?
- In 2024, IBRD only's gross fixed capital formation (% of GDP) fell 0.58 percentage points on 2023 (from 31.63% to 31.06%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.26 percentage points and a typical year strayed about 0.56 percentage points from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator NE.GDI.FTOT.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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