Gross fixed capital formation in Sub-Saharan Africa (excluding high income)
Sub-Saharan Africa (excluding high income): Gross fixed capital formation was 23.0% in 2025. ▲ Rising
Gross fixed capital formation in Sub-Saharan Africa (excluding high income), 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross fixed capital formation in Sub-Saharan Africa (excluding high income) is 23.0%, measured in 2025.
That represents a change of down 2.8% on the previous year and down 3.2% over ten years.
Over the whole period, gross fixed capital formation in Sub-Saharan Africa (excluding high income) peaked at 25.8% in 2009 and was at its lowest, 17.1%, in 1997.
That places Sub-Saharan Africa (excluding high income) 23rd out of 43 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Gross fixed capital formation in Sub-Saharan Africa (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 23.6% | — |
| 1991 | 22.2% | -6.0% |
| 1992 | 22.8% | +2.8% |
| 1993 | 21.7% | -4.6% |
| 1994 | 21.5% | -1.3% |
| 1995 | 18.9% | -12.1% |
| 1996 | 17.9% | -5.2% |
| 1997 | 17.1% | -4.6% |
| 1998 | 17.1% | +0.5% |
| 1999 | 22.1% | +28.7% |
| 2000 | 21.8% | -1.1% |
| 2001 | 21.6% | -1.0% |
| 2002 | 20.1% | -7.1% |
| 2003 | 21.1% | +5.4% |
| 2004 | 21.5% | +1.7% |
| 2005 | 21.7% | +0.9% |
| 2006 | 21.2% | -2.3% |
| 2007 | 23.0% | +8.7% |
| 2008 | 24.4% | +6.0% |
| 2009 | 25.8% | +5.9% |
| 2010 | 23.2% | -10.3% |
| 2011 | 23.5% | +1.4% |
| 2012 | 23.4% | -0.5% |
| 2013 | 23.6% | +0.9% |
| 2014 | 23.9% | +1.1% |
| 2015 | 23.7% | -0.5% |
| 2016 | 24.2% | +1.9% |
| 2017 | 24.0% | -0.7% |
| 2018 | 23.4% | -2.8% |
| 2019 | 20.6% | -12.0% |
| 2020 | 19.4% | -5.5% |
| 2021 | 20.2% | +3.8% |
| 2022 | 20.3% | +0.7% |
| 2023 | 21.7% | +6.8% |
| 2024 | 23.6% | +8.9% |
| 2025 | 23.0% | -2.8% |
Biggest year-on-year movements
Years where Gross fixed capital formation in Sub-Saharan Africa (excluding high income) 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 |
|---|---|---|---|
| 1999 | +28.7% | 17.1% | 22.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.5% | 17.1% | 23.6% | 10 |
| 2000s | 22.2% | 20.1% | 25.8% | 10 |
| 2010s | 23.4% | 20.6% | 24.2% | 10 |
| 2020s | 21.4% | 19.4% | 23.6% | 6 |
Countries ranked near Sub-Saharan Africa (excluding high income)
More economy & growth data for Sub-Saharan Africa (excluding high income)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.36 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.147 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 245.62 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7.79 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.8257 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 1,380 current US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 8.1 % change on previous year (2025)
- Final consumption expenditure (current US$), per capita 1,655 current US$ per person (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.9901 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 3.8 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Sub-Saharan Africa (excluding high income)?
- Gross fixed capital formation in Sub-Saharan Africa (excluding high income) was 23.0% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Sub-Saharan Africa (excluding high income)?
- The highest recorded value was 25.8% in 2009.
- What is the lowest gross fixed capital formation recorded in Sub-Saharan Africa (excluding high income)?
- The lowest recorded value was 17.1% in 1997.
- How does Sub-Saharan Africa (excluding high income) rank for gross fixed capital formation?
- Sub-Saharan Africa (excluding high income) ranks 23rd out of 43 groups with data for 2025.
- Is gross fixed capital formation rising or falling in Sub-Saharan Africa (excluding high income)?
- Over the last ten years it is down 3.2%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa (excluding high income) data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.