Annual growth of the gross capital formation (%) in Africa
Africa: Annual growth of the gross capital formation (%) was 4.5% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Africa, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth of the gross capital formation in Africa stood at 4.5%.
That represents a change of down 64.8% on the previous year and down 12.4% over ten years.
Over the whole period, annual growth of the gross capital formation in Africa peaked at 15.0% in 2008 and was at its lowest, -9.2%, in 2020.
Africa ranks 11th of 30 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation (%) in Africa, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.1% | — |
| 2001 | 11.0% | +170.8% |
| 2002 | 7.5% | -31.5% |
| 2003 | 8.1% | +7.7% |
| 2004 | 10.3% | +27.5% |
| 2005 | 6.6% | -36.6% |
| 2006 | 10.6% | +62.2% |
| 2007 | 13.5% | +27.4% |
| 2008 | 15.0% | +10.5% |
| 2009 | -1.6% | -110.7% |
| 2010 | 7.4% | -563.8% |
| 2011 | 0.1% | -98.7% |
| 2012 | 12.9% | +13000.3% |
| 2013 | 4.0% | -69.0% |
| 2014 | 5.1% | +27.4% |
| 2015 | 2.1% | -58.8% |
| 2016 | 1.0% | -53.7% |
| 2017 | 1.9% | +95.5% |
| 2018 | 4.3% | +125.3% |
| 2019 | 0.7% | -83.3% |
| 2020 | -9.2% | -1382.6% |
| 2021 | 5.5% | -160.2% |
| 2022 | 7.6% | +37.9% |
| 2023 | 12.7% | +66.7% |
| 2024 | 4.5% | -64.8% |
Biggest year-on-year movements
Years where Annual growth of the gross capital formation (%) in Africa changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | +13000.3% | 0.1% | 12.9% |
| 2020 | -1382.6% | 0.7% | -9.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.5% | -1.6% | 15.0% | 10 |
| 2010s | 3.9% | 0.1% | 12.9% | 10 |
| 2020s | 4.2% | -9.2% | 12.7% | 5 |
Countries ranked near Africa
More economy & growth data for Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.26 Percent per annum (2028)
- Gross Domestic Product, GDP in millions constant 2021 international $ 10.08 million (2027)
- GDP Deflator — Value US$, 2015 prices, annual growth rate 7.25 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -9.98 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 10.34 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 2.89 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate -6.42 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 3.95 % change on previous year (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 3.95 % (2024)
Frequently asked questions
- What is annual growth of the gross capital formation in Africa?
- Annual growth of the gross capital formation in Africa was 4.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Africa?
- The highest recorded value was 15.0% in 2008.
- What is the lowest annual growth of the gross capital formation recorded in Africa?
- The lowest recorded value was -9.2% in 2020.
- How does Africa rank for annual growth of the gross capital formation?
- Africa ranks 11th out of 30 groups with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Africa?
- Over the last ten years it is down 12.4%. The long-run trend across the full record is volatile.
- Where does this Africa data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of the gross capital formation (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).