Annual growth of the gross capital formation in Northern Africa
Northern Africa: Annual growth of the gross capital formation was 5.0% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Northern Africa, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual growth of the gross capital formation in Northern Africa is 5.0%, measured in 2024.
That represents a change of down 84.6% on the previous year and up 63.3% over ten years.
Over the whole period, annual growth of the gross capital formation in Northern Africa peaked at 32.7% in 2023 and was at its lowest, -13.0%, in 2020.
Northern Africa ranks 9th of 31 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 Northern Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.6% | — |
| 2001 | 16.4% | +190.5% |
| 2002 | 9.3% | -43.2% |
| 2003 | 5.0% | -45.7% |
| 2004 | 8.5% | +68.7% |
| 2005 | 6.4% | -24.8% |
| 2006 | 8.1% | +26.1% |
| 2007 | 14.8% | +83.8% |
| 2008 | 14.8% | -0.0% |
| 2009 | 2.5% | -82.8% |
| 2010 | 7.8% | +207.0% |
| 2011 | -6.8% | -187.2% |
| 2012 | 13.0% | -290.4% |
| 2013 | 4.8% | -62.8% |
| 2014 | 3.1% | -36.0% |
| 2015 | 2.3% | -27.1% |
| 2016 | 3.2% | +42.0% |
| 2017 | 4.1% | +29.4% |
| 2018 | 2.7% | -34.2% |
| 2019 | -1.7% | -163.1% |
| 2020 | -13.0% | +654.3% |
| 2021 | 2.6% | -119.8% |
| 2022 | 3.3% | +28.8% |
| 2023 | 32.7% | +888.4% |
| 2024 | 5.0% | -84.6% |
Biggest year-on-year movements
Years where Annual growth of the gross capital formation in Northern 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 |
|---|---|---|---|
| 2023 | +888.4% | 3.3% | 32.7% |
| 2020 | -654.3% | -1.7% | -13.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.2% | 2.5% | 16.4% | 10 |
| 2010s | 3.2% | -6.8% | 13.0% | 10 |
| 2020s | 6.1% | -13.0% | 32.7% | 5 |
Countries ranked near Northern Africa
- 6 Kiribati 37.3% compare
- 7 Timor-Leste 32.2% compare
- 7 Timor-Leste 32.2% compare
- 9 Guinea-Bissau 30.6% compare
- 10 Nicaragua 28.7% compare
- 11 Sierra Leone 25.2% compare
- 12 Niger 23.4% compare
More economy & growth data for Northern Africa
- Gross Domestic Product, GDP in millions constant 2021 international $ 3.84 million (2027)
- Gross Domestic Product — Value US$ 918,222 million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 200,723 million USD (2024)
- Gross Domestic Product — Value US$ per capita 3,382 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 3,599 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 977,284 million USD (2024)
- Gross Domestic Product — Annual growth US$ 7.99 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 6.57 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 4.92 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 20.54 % (2024)
Frequently asked questions
- What is annual growth of the gross capital formation in Northern Africa?
- Annual growth of the gross capital formation in Northern Africa was 5.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Northern Africa?
- The highest recorded value was 32.7% in 2023.
- What is the lowest annual growth of the gross capital formation recorded in Northern Africa?
- The lowest recorded value was -13.0% in 2020.
- How does Northern Africa rank for annual growth of the gross capital formation?
- Northern Africa ranks 9th out of 31 groups with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Northern Africa?
- Over the last ten years it is up 63.3%. The long-run trend across the full record is volatile.
- Where does this Northern 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
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