Africa's Development Dynamics (AfDD) Table 21 - Investment and capital stock — Private investment (gross fixed capital formation) by country
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual...
Countries reporting
164
Highest
45.15 Percentage of GDP
Ireland
Lowest
1.32 Percentage of GDP
Guinea-Bissau
Median
15.41 Percentage of GDP
Years covered
20
2000–2019
Data points
4,195
What the numbers show
Africa's Development Dynamics (AfDD) Table 21 - Investment and capital stock — Private investment (gross fixed capital formation) is currently reported for 164 countries. The highest value is 45.15 Percentage of GDP in Ireland; the lowest is 1.32 Percentage of GDP in Guinea-Bissau.
The median across all reporting countries is 15.41 Percentage of GDP, and the mean is 15.42 Percentage of GDP.
The gap between the highest and lowest reporting country is a factor of about 34.
Over the past decade 110 countries rose and 54 fell. The largest increase was in Mozambique (up 1,499.2%), and the largest decrease in Venezuela, Bolivarian Republic of (down 92.3%).
Africa's Development Dynamics (AfDD) Table 21 - Investment and: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Ireland | 45.15 Percentage of GDP | 2019 | up 158.6% | rising |
| 2 | Yemen | 41.86 Percentage of GDP | 2019 | up 97.7% | rising |
| 3 | Antigua and Barbuda | 37.16 Percentage of GDP | 2019 | up 24.4% | rising |
| 3 | Cabo Verde | 20.34 Percentage of GDP | 2019 | up 3.5% | rising |
| 4 | Brunei Darussalam | 31.62 Percentage of GDP | 2019 | up 93.3% | rising |
| 4 | Türkiye | 21.71 Percentage of GDP | 2019 | up 18.1% | rising |
| 5 | China | 30.2 Percentage of GDP | 2019 | up 46.3% | rising |
| 5 | Estonia | 21.38 Percentage of GDP | 2019 | up 46.1% | flat |
| 6 | Bahamas | 29.08 Percentage of GDP | 2019 | up 8.5% | rising |
| 6 | Ethiopia | 19.06 Percentage of GDP | 2019 | up 301.2% | volatile |
| 7 | Seychelles | 28.48 Percentage of GDP | 2019 | up 27.0% | falling |
| 8 | Indonesia | 27.33 Percentage of GDP | 2019 | up 6.3% | rising |
| 8 | Croatia | 17.56 Percentage of GDP | 2019 | down 4.4% | rising |
| 9 | Cyprus | 26.94 Percentage of GDP | 2017 | down 15.3% | falling |
| 9 | Lithuania | 18.55 Percentage of GDP | 2019 | up 51.5% | rising |
| 9 | Mauritania | 17.55 Percentage of GDP | 2019 | down 11.0% | flat |
| 10 | Suriname | 26.03 Percentage of GDP | 2010 | down 18.4% | falling |
| 11 | Bahrain | 25.26 Percentage of GDP | 2019 | up 32.3% | rising |
| 12 | Panama | 24.58 Percentage of GDP | 2019 | up 34.9% | rising |
| 12 | Netherlands | 17.57 Percentage of GDP | 2019 | up 9.9% | flat |
| 13 | Maldives | 23.87 Percentage of GDP | 2019 | up 49.6% | rising |
| 13 | Latvia | 17.15 Percentage of GDP | 2019 | down 2.2% | falling |
| 14 | Bhutan | 23.81 Percentage of GDP | 2019 | down 2.6% | falling |
| 14 | Viet Nam | 16.45 Percentage of GDP | 2019 | up 15.0% | rising |
| 15 | Saint Kitts and Nevis | 23.74 Percentage of GDP | 2019 | down 26.1% | falling |
| 15 | Slovenia | 15.93 Percentage of GDP | 2019 | down 19.7% | falling |
| 16 | Lebanon | 23.46 Percentage of GDP | 2019 | down 9.8% | rising |
| 17 | Malta | 23.29 Percentage of GDP | 2017 | down 7.6% | rising |
| 18 | Mozambique | 23.12 Percentage of GDP | 2019 | up 1,499.2% | volatile |
| 19 | Morocco | 22.41 Percentage of GDP | 2019 | down 15.8% | flat |
| 20 | Switzerland | 22.37 Percentage of GDP | 2019 | up 4.3% | flat |
| 20 | Poland | 14.34 Percentage of GDP | 2019 | down 3.3% | flat |
| 20 | Lesotho | 10.63 Percentage of GDP | 2019 | up 7.2% | rising |
| 21 | Haiti | 22.25 Percentage of GDP | 2019 | up 78.0% | flat |
| 21 | Moldova | 9.73 Percentage of GDP | 2019 | up 53.9% | rising |
| 22 | Czechia | 22.11 Percentage of GDP | 2019 | up 4.4% | falling |
| 23 | Zambia | 21.97 Percentage of GDP | 2019 | up 8.7% | rising |
| 24 | Dominican Republic | 21.73 Percentage of GDP | 2019 | up 27.5% | rising |
| 25 | Austria | 21.53 Percentage of GDP | 2019 | up 12.8% | falling |
| 26 | Kuwait | 21.48 Percentage of GDP | 2019 | up 60.4% | rising |
| 26 | Eswatini | 5.38 Percentage of GDP | 2019 | up 30.4% | falling |
| 27 | Belgium | 21.41 Percentage of GDP | 2019 | up 8.2% | rising |
| 27 | Equatorial Guinea | 3.53 Percentage of GDP | 2019 | down 69.5% | volatile |
| 28 | Botswana | 21.3 Percentage of GDP | 2019 | up 63.9% | rising |
| 29 | Chile | 21.13 Percentage of GDP | 2019 | up 13.5% | rising |
| 30 | Romania | 20.51 Percentage of GDP | 2019 | up 8.7% | rising |
| 31 | Hungary | 20.42 Percentage of GDP | 2019 | up 8.8% | falling |
| 32 | Singapore | 20 Percentage of GDP | 2019 | down 13.3% | flat |
| 33 | Sweden | 19.87 Percentage of GDP | 2019 | up 10.0% | rising |
| 33 | Democratic Republic of the Congo | 10.85 Percentage of GDP | 2019 | up 45.6% | rising |
| 34 | France | 19.84 Percentage of GDP | 2019 | up 11.0% | flat |
| 35 | Norway | 19.79 Percentage of GDP | 2019 | up 5.7% | rising |
| 36 | Mongolia | 19.32 Percentage of GDP | 2019 | up 19.2% | falling |
| 37 | Australia | 19.31 Percentage of GDP | 2019 | down 15.4% | rising |
| 38 | Finland | 19.2 Percentage of GDP | 2019 | up 2.8% | flat |
| 39 | Japan | 19 Percentage of GDP | 2019 | up 9.5% | falling |
| 40 | Germany | 18.95 Percentage of GDP | 2019 | up 11.1% | flat |
| 41 | Saint Lucia | 18.67 Percentage of GDP | 2019 | down 11.6% | rising |
| 42 | Barbados | 18.6 Percentage of GDP | 2019 | down 23.9% | falling |
| 43 | Bangladesh | 18.53 Percentage of GDP | 2019 | up 8.8% | rising |
| 44 | Denmark | 18.51 Percentage of GDP | 2019 | up 11.0% | flat |
| 45 | India | 18.34 Percentage of GDP | 2019 | down 2.0% | rising |
| 46 | Israel | 18.28 Percentage of GDP | 2019 | up 15.7% | rising |
| 47 | Nepal | 18.28 Percentage of GDP | 2019 | up 51.9% | rising |
| 48 | OECD | 18.27 Percentage of GDP | 2019 | up 14.4% | flat |
| 49 | New Zealand | 18.23 Percentage of GDP | 2019 | up 38.5% | rising |
| 50 | Canada | 18.22 Percentage of GDP | 2019 | up 0.2% | rising |
| 51 | Colombia | 18.17 Percentage of GDP | 2019 | up 7.3% | rising |
| 52 | Ecuador | 17.81 Percentage of GDP | 2019 | up 48.8% | rising |
| 53 | Honduras | 17.6 Percentage of GDP | 2019 | down 0.2% | falling |
| 54 | Myanmar | 17.51 Percentage of GDP | 2019 | up 67.4% | volatile |
| 55 | Spain | 17.42 Percentage of GDP | 2019 | up 5.4% | falling |
| 56 | United States of America | 17.37 Percentage of GDP | 2019 | up 28.0% | flat |
| 57 | Lao People's Democratic Republic | 16.79 Percentage of GDP | 2016 | up 6.9% | rising |
| 58 | Malaysia | 16.67 Percentage of GDP | 2019 | up 51.4% | rising |
| 59 | Algeria | 16.34 Percentage of GDP | 2019 | up 61.5% | rising |
| 60 | Tanzania, United Republic of | 16.27 Percentage of GDP | 2019 | up 80.1% | rising |
| 61 | Iceland | 16.19 Percentage of GDP | 2019 | up 63.0% | falling |
| 62 | Portugal | 16.02 Percentage of GDP | 2019 | down 2.4% | falling |
| 63 | Belarus | 15.94 Percentage of GDP | 2013 | up 104.9% | rising |
| 64 | Peru | 15.94 Percentage of GDP | 2019 | up 4.8% | rising |
| 65 | Bosnia and Herzegovina | 15.9 Percentage of GDP | 2019 | up 44.3% | rising |
| 66 | Grenada | 15.86 Percentage of GDP | 2019 | up 12.6% | falling |
| 67 | Philippines | 15.84 Percentage of GDP | 2019 | up 52.8% | rising |
| 68 | Italy | 15.78 Percentage of GDP | 2019 | down 3.3% | falling |
| 69 | El Salvador | 15.77 Percentage of GDP | 2019 | up 35.3% | flat |
| 70 | Gabon | 15.71 Percentage of GDP | 2019 | up 20.7% | rising |
| 71 | Bulgaria | 15.52 Percentage of GDP | 2019 | down 28.3% | flat |
| 72 | Montenegro | 15.3 Percentage of GDP | 2019 | up 23.8% | rising |
| 73 | Iran, Islamic Republic of | 15.21 Percentage of GDP | 2019 | down 28.1% | falling |
| 74 | United Kingdom of Great Britain and Northern Ireland | 15.15 Percentage of GDP | 2019 | up 19.5% | falling |
| 75 | Niger | 15.08 Percentage of GDP | 2019 | down 18.8% | rising |
| 76 | Mexico | 15.01 Percentage of GDP | 2019 | up 8.6% | rising |
| 77 | Senegal | 14.97 Percentage of GDP | 2019 | up 63.8% | rising |
| 78 | Sri Lanka | 14.88 Percentage of GDP | 2019 | up 18.4% | rising |
| 79 | Thailand | 14.72 Percentage of GDP | 2019 | up 7.4% | rising |
| 80 | Albania | 14.61 Percentage of GDP | 2019 | down 24.2% | falling |
| 81 | Belize | 14.57 Percentage of GDP | 2019 | down 3.6% | flat |
| 82 | North Macedonia | 14.56 Percentage of GDP | 2017 | up 54.3% | rising |
| 83 | Angola | 14.54 Percentage of GDP | 2019 | down 28.1% | falling |
| 84 | Congo | 14.34 Percentage of GDP | 2019 | down 32.2% | rising |
| 85 | Cambodia | 14.29 Percentage of GDP | 2019 | up 57.0% | rising |
| 86 | Djibouti | 14.28 Percentage of GDP | 2019 | up 73.5% | volatile |
| 87 | Brazil | 14.17 Percentage of GDP | 2019 | up 2.9% | rising |
| 88 | Benin | 14.11 Percentage of GDP | 2019 | up 89.8% | rising |
| 89 | Saudi Arabia | 14.05 Percentage of GDP | 2019 | down 3.6% | rising |
| 90 | Serbia | 13.98 Percentage of GDP | 2019 | up 19.8% | rising |
| 91 | Burkina Faso | 13.87 Percentage of GDP | 2019 | up 103.2% | rising |
| 92 | Georgia | 13.82 Percentage of GDP | 2019 | up 151.2% | falling |
| 93 | South Africa | 13.25 Percentage of GDP | 2019 | down 7.0% | rising |
| 94 | Luxembourg | 13.21 Percentage of GDP | 2019 | up 0.7% | rising |
| 95 | Uzbekistan | 12.92 Percentage of GDP | 2019 | up 82.4% | volatile |
| 96 | Guatemala | 12.82 Percentage of GDP | 2019 | up 8.3% | falling |
| 97 | Russian Federation | 12.78 Percentage of GDP | 2019 | up 22.7% | rising |
| 98 | Côte d’Ivoire | 12.64 Percentage of GDP | 2019 | up 95.9% | rising |
| 99 | Cameroon | 12.52 Percentage of GDP | 2019 | up 1.4% | flat |
| 100 | Jordan | 12.22 Percentage of GDP | 2019 | down 1.3% | rising |
| 101 | Kazakhstan | 12.19 Percentage of GDP | 2019 | up 24.9% | rising |
| 102 | Uruguay | 11.96 Percentage of GDP | 2019 | down 7.0% | rising |
| 103 | United Arab Emirates | 11.71 Percentage of GDP | 2019 | down 46.0% | falling |
| 104 | Liberia | 11.7 Percentage of GDP | 2019 | up 21.5% | rising |
| 105 | Saint Vincent and the Grenadines | 11.49 Percentage of GDP | 2019 | down 38.3% | falling |
| 106 | Sudan | 11.11 Percentage of GDP | 2010 | up 84.9% | rising |
| 107 | Costa Rica | 11.09 Percentage of GDP | 2019 | down 17.5% | falling |
| 108 | Guyana | 10.83 Percentage of GDP | 2019 | up 140.6% | rising |
| 109 | Central African Republic | 10.79 Percentage of GDP | 2019 | up 37.9% | rising |
| 110 | Mauritius | 10.68 Percentage of GDP | 2019 | down 24.8% | falling |
| 111 | Paraguay | 10.67 Percentage of GDP | 2019 | down 7.8% | rising |
| 112 | Namibia | 10.57 Percentage of GDP | 2019 | down 29.3% | rising |
| 113 | Ghana | 9.99 Percentage of GDP | 2019 | down 40.1% | falling |
| 114 | Oman | 9.96 Percentage of GDP | 2019 | down 11.5% | rising |
| 115 | Ukraine | 9.49 Percentage of GDP | 2019 | up 12.4% | falling |
| 116 | Sao Tome and Principe | 9 Percentage of GDP | 2019 | up 30.5% | volatile |
| 117 | Mali | 8.68 Percentage of GDP | 2019 | up 9.8% | rising |
| 118 | Togo | 8.62 Percentage of GDP | 2019 | down 5.8% | rising |
| 119 | Nigeria | 8.62 Percentage of GDP | 2019 | up 6.3% | falling |
| 120 | Chad | 8.51 Percentage of GDP | 2019 | up 9.6% | falling |
| 121 | Uganda | 8.29 Percentage of GDP | 2019 | down 20.0% | rising |
| 122 | Rwanda | 7.83 Percentage of GDP | 2019 | up 18.5% | rising |
| 123 | Greece | 7.7 Percentage of GDP | 2019 | down 45.0% | falling |
| 124 | Argentina | 7.68 Percentage of GDP | 2019 | up 6.9% | rising |
| 125 | Kenya | 7.6 Percentage of GDP | 2019 | down 22.7% | rising |
| 126 | Bolivia, Plurinational State of | 7.57 Percentage of GDP | 2019 | up 46.8% | rising |
| 127 | Burundi | 7.5 Percentage of GDP | 2019 | up 87.1% | rising |
| 128 | Pakistan | 7.43 Percentage of GDP | 2019 | down 18.2% | falling |
| 129 | Comoros | 7.26 Percentage of GDP | 2019 | down 36.1% | falling |
| 130 | Nicaragua | 7.26 Percentage of GDP | 2019 | down 22.9% | flat |
| 131 | Iraq | 7.15 Percentage of GDP | 2019 | up 95.9% | rising |
| 132 | Guinea | 7.13 Percentage of GDP | 2019 | up 45.8% | volatile |
| 133 | Armenia | 6.69 Percentage of GDP | 2019 | down 47.6% | falling |
| 134 | Tunisia | 6.55 Percentage of GDP | 2019 | down 26.4% | falling |
| 135 | Gambia | 6.3 Percentage of GDP | 2019 | up 62.9% | falling |
| 136 | Zimbabwe | 6.16 Percentage of GDP | 2008 | down 27.7% | volatile |
| 137 | Azerbaijan | 5.27 Percentage of GDP | 2019 | up 83.6% | falling |
| 138 | Dominica | 5.07 Percentage of GDP | 2019 | up 3.6% | falling |
| 139 | Tajikistan | 4.78 Percentage of GDP | 2019 | up 31.3% | falling |
| 140 | Egypt | 4.33 Percentage of GDP | 2019 | down 15.7% | falling |
| 141 | Afghanistan | 3.98 Percentage of GDP | 2019 | down 26.5% | falling |
| 142 | Libya | 3.7 Percentage of GDP | 2008 | up 25.0% | rising |
| 143 | Malawi | 3.2 Percentage of GDP | 2019 | down 53.1% | flat |
| 144 | Sierra Leone | 2.92 Percentage of GDP | 2019 | up 71.8% | volatile |
| 145 | Eritrea | 1.96 Percentage of GDP | 2019 | up 2.2% | volatile |
| 146 | Venezuela, Bolivarian Republic of | 1.76 Percentage of GDP | 2019 | down 92.3% | falling |
| 147 | Guinea-Bissau | 1.32 Percentage of GDP | 2019 | up 69.2% | falling |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Asia (excluding high income countries) 24.23 Percentage of GDP
- Korea 23.73 Percentage of GDP
- World outside Africa, upper-middle income countries (World Bank) 23.44 Percentage of GDP
- ASEAN 20.63 Percentage of GDP
- Upper-middle income countries (World Bank) 23.22 Percentage of GDP
- World outside Africa 19.84 Percentage of GDP
- World 19.41 Percentage of GDP
- World outside Africa, non-resource-rich countries 20.43 Percentage of GDP
- Non-resource-rich countries 19.97 Percentage of GDP
- Slovak Republic 17.95 Percentage of GDP
- European Union (27 countries) 18.72 Percentage of GDP
- High income countries 18.15 Percentage of GDP
- Arab Maghreb Union (UMA) 16.88 Percentage of GDP
- High income countries (excluding Latin American and Caribbean countries) 18.12 Percentage of GDP
- Least developed countries 16.29 Percentage of GDP
- Latin America and the Caribbean 14.43 Percentage of GDP
- Southern Africa (African Union) 14.12 Percentage of GDP
- Southern African Development Community (SADC) 13.9 Percentage of GDP
- Resource-rich countries 13.36 Percentage of GDP
- Portuguese-speaking African countries (PALOP) 15.69 Percentage of GDP
- Fiji 12.66 Percentage of GDP
- Africa, resource-rich countries 15.23 Percentage of GDP
- Economic Community of Central African States (ECCAS) 12.27 Percentage of GDP
- Lower-middle income countries (World Bank) 15.19 Percentage of GDP
- Central Africa (African Union) 11.16 Percentage of GDP
- Africa, land locked developing countries 14.57 Percentage of GDP
- Africa 11.14 Percentage of GDP
- World outside Africa, resource-rich countries 14.08 Percentage of GDP
- Low income countries (World Bank) 14.04 Percentage of GDP
- Economic Community of West African States (ECOWAS) 9.64 Percentage of GDP
- Africa, least developed countries 13.94 Percentage of GDP
- Intergovernmental Authority on Development (IGAD) 9.22 Percentage of GDP
- MERCOSUR 13.75 Percentage of GDP
- Madagascar 7.95 Percentage of GDP
- Africa, upper-middle income countries (World Bank) 13.25 Percentage of GDP
- Common Market for Eastern and Southern Africa (COMESA) 7.6 Percentage of GDP
- Africa, low income countries (World Bank) 12.88 Percentage of GDP
- East Africa (African Union) 12.8 Percentage of GDP
- Fragile states 12.45 Percentage of GDP
- Land locked developing countries 12.24 Percentage of GDP
About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 21 shows indicators of investment flows and capital stocks, in US dollars and as a percentage of GDP, including general government investment, public-private partnerships, and private investment.