Annual growth of the gross capital formation in Sub-Saharan Africa
Sub-Saharan Africa: Annual growth of the gross capital formation was 4.0% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Sub-Saharan Africa, 2003–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual growth of the gross capital formation in Sub-Saharan Africa stood at 4.0%.
The figure is up 1,134.8% on the previous year and down 39.5% over ten years.
Over the whole period, annual growth of the gross capital formation in Sub-Saharan Africa peaked at 15.1% in 2008 and was at its lowest, -6.4%, in 2020.
Sub-Saharan Africa ranks 12th 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 Sub-Saharan Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 11.3% | — |
| 2004 | 12.1% | +7.6% |
| 2005 | 6.7% | -44.6% |
| 2006 | 12.9% | +93.0% |
| 2007 | 12.5% | -3.0% |
| 2008 | 15.1% | +20.2% |
| 2009 | -4.7% | -131.4% |
| 2010 | 7.2% | -251.1% |
| 2011 | 6.2% | -12.9% |
| 2012 | 12.8% | +105.1% |
| 2013 | 3.4% | -73.7% |
| 2014 | 6.6% | +95.3% |
| 2015 | 2.0% | -69.9% |
| 2016 | -0.6% | -132.4% |
| 2017 | 0.2% | -133.4% |
| 2018 | 5.5% | +2464.9% |
| 2019 | 2.6% | -53.3% |
| 2020 | -6.4% | -348.9% |
| 2021 | 7.5% | -217.5% |
| 2022 | 10.4% | +38.3% |
| 2023 | 0.3% | -96.9% |
| 2024 | 4.0% | +1134.8% |
Biggest year-on-year movements
Years where Annual growth of the gross capital formation in Sub-Saharan 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 |
|---|---|---|---|
| 2018 | +2464.9% | 0.2% | 5.5% |
| 2024 | +1134.8% | 0.3% | 4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.4% | -4.7% | 15.1% | 7 |
| 2010s | 4.6% | -0.6% | 12.8% | 10 |
| 2020s | 3.2% | -6.4% | 10.4% | 5 |
Countries ranked near Sub-Saharan Africa
More economy & growth data for Sub-Saharan Africa
- Gross fixed capital formation (constant 2015 US$), annual growth rate 3.61 % change on previous year (2025)
- Gross capital formation (current US$), per capita 386.71 current US$ per person (2025)
- Gross capital formation (current US$), per unit of GDP 0.2311 current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 6.95 billion BoP, current US$ (2025)
- Gross capital formation (current US$), annual growth rate 7.16 % change on previous year (2025)
- Gross fixed capital formation (constant 2015 US$), per capita 398.55 constant 2015 US$ per person (2025)
- Gross fixed capital formation (constant 2015 US$), per unit of GDP 0.2382 constant 2015 US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -84.01 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per capita 358.68 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 8.01 % change on previous year (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Sub-Saharan Africa?
- Annual growth of the gross capital formation in Sub-Saharan Africa was 4.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Sub-Saharan Africa?
- The highest recorded value was 15.1% in 2008.
- What is the lowest annual growth of the gross capital formation recorded in Sub-Saharan Africa?
- The lowest recorded value was -6.4% in 2020.
- How does Sub-Saharan Africa rank for annual growth of the gross capital formation?
- Sub-Saharan Africa ranks 12th out of 31 groups with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Sub-Saharan Africa?
- Over the last ten years it is down 39.5%. The long-run trend across the full record is volatile.
- Where does this Sub-Saharan 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 — 22 observations, free to reuse under UN SDG Global Database (open, attribution requested).