GERD as a percentage of GDP in WB: Upper Middle Income (july 2025)

WB: Upper Middle Income (july 2025): GERD as a percentage of GDP was 1.7% in 2023. ▲ Rising

Latest (2023)
1.7%
Change on year
up 2.8%
Rank
19th
of 50 groups
All-time high
1.7%
in 2023
All-time low
0.5%
in 1996
Years of data
28
1996–2023

GERD as a percentage of GDP in WB: Upper Middle Income (july 2025), 1996–2023

0.50.7511.21.51.81996200920231996: 0.4651997: 0.4891998: 0.4961999: 0.5392000: 0.5782001: 0.6042002: 0.6492003: 0.6852004: 0.7112005: 0.7682006: 0.7952007: 0.8312008: 0.8822009: 12010: 12011: 1.12012: 1.22013: 1.22014: 1.32015: 1.32016: 1.32017: 1.42018: 1.42019: 1.52020: 1.62021: 1.62022: 1.62023: 1.7

Source: UNESCO Institute for Statistics.

Analysis

The most recent figure for gerd as a percentage of gdp in WB: Upper Middle Income (july 2025) is 1.7%, measured in 2023. That is the highest value across all 28 years on record.

That represents a change of up 2.8% on the previous year and up 36.3% over ten years.

Over the whole period, gerd as a percentage of gdp in WB: Upper Middle Income (july 2025) peaked at 1.7% in 2023 and was at its lowest, 0.5%, in 1996.

WB: Upper Middle Income (july 2025) ranks 19th of 50 groups on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 28 years of available data.

GERD as a percentage of GDP in WB: Upper Middle Income (july 2025), year by year

Annual values for GERD as a percentage of GDP in WB: Upper Middle Income (july 2025), 1996 to 2023.
Year Value Change
1996 0.5%
1997 0.5% +5.1%
1998 0.5% +1.5%
1999 0.5% +8.7%
2000 0.6% +7.2%
2001 0.6% +4.5%
2002 0.6% +7.5%
2003 0.7% +5.5%
2004 0.7% +3.8%
2005 0.8% +8.0%
2006 0.8% +3.5%
2007 0.8% +4.5%
2008 0.9% +6.3%
2009 1.0% +14.2%
2010 1.0% +3.5%
2011 1.1% +3.4%
2012 1.2% +6.9%
2013 1.2% +5.1%
2014 1.3% +3.3%
2015 1.3% +4.2%
2016 1.3% +2.8%
2017 1.4% +0.9%
2018 1.4% +2.1%
2019 1.5% +5.0%
2020 1.6% +8.4%
2021 1.6% -1.2%
2022 1.6% +3.4%
2023 1.7% +2.8%

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.5% 0.5% 0.5% 4
2000s 0.8% 0.6% 1.0% 10
2010s 1.3% 1.0% 1.5% 10
2020s 1.6% 1.6% 1.7% 4

Countries ranked near WB: Upper Middle Income (july 2025)

  1. 16 France 2.2% compare
  2. 17 Slovenia 2.1% compare
  3. 18 Australia 1.9% compare
  4. 19 Norway 1.9% compare
  5. 20 Estonia 1.8% compare
  6. 21 Czechia 1.8% compare
  7. 22 Singapore 1.8% compare

See the full ranking of 166 places →

More science & technology data for WB: Upper Middle Income (july 2025)

All data for WB: Upper Middle Income (july 2025) →

Frequently asked questions

What is gerd as a percentage of gdp in WB: Upper Middle Income (july 2025)?
Gerd as a percentage of gdp in WB: Upper Middle Income (july 2025) was 1.7% in 2023, according to UNESCO Institute for Statistics.
What is the highest gerd as a percentage of gdp recorded in WB: Upper Middle Income (july 2025)?
The highest recorded value was 1.7% in 2023.
What is the lowest gerd as a percentage of gdp recorded in WB: Upper Middle Income (july 2025)?
The lowest recorded value was 0.5% in 1996.
How does WB: Upper Middle Income (july 2025) rank for gerd as a percentage of gdp?
WB: Upper Middle Income (july 2025) ranks 19th out of 50 groups with data for 2023.
Is gerd as a percentage of gdp rising or falling in WB: Upper Middle Income (july 2025)?
Over the last ten years it is up 36.3%. The long-run trend across the full record is rising.
Where does this WB: Upper Middle Income (july 2025) data come from?
The figures come from UNESCO Institute for Statistics, published as part of GERD as a percentage of GDP. Statizoid updates them automatically from the source API.

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GERD as a percentage of GDP in WB: Upper Middle Income (july 2025). Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 01 September 2026, from https://science-tech.statizoid.com/stat/gerd-as-a-percentage-of-gdp/wb-upper-middle-income-july-2025/

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About this data

Indicator
GERD as a percentage of GDP
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
166 places, 3,775 data points, 1996–2024
Last refreshed

February 2026 Data Release