Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in South Africa
South Africa: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 671,138 million SLC in 2024. ▲ Rising
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in South Africa, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency, 2015 in South Africa stood at 671,138 million SLC.
The figure is down 3.7% on the previous year and down 14.6% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in South Africa peaked at 796,138 million SLC in 2015 and was at its lowest, 211,883 million SLC, in 1970.
That places South Africa 57th out of 194 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in South Africa, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 211,883 million SLC | — |
| 1971 | 234,789 million SLC | +10.8% |
| 1972 | 248,505 million SLC | +5.8% |
| 1973 | 261,482 million SLC | +5.2% |
| 1974 | 278,557 million SLC | +6.5% |
| 1975 | 305,736 million SLC | +9.8% |
| 1976 | 301,959 million SLC | -1.2% |
| 1977 | 283,957 million SLC | -6.0% |
| 1978 | 276,083 million SLC | -2.8% |
| 1979 | 287,591 million SLC | +4.2% |
| 1980 | 336,704 million SLC | +17.1% |
| 1981 | 366,855 million SLC | +9.0% |
| 1982 | 358,969 million SLC | -2.1% |
| 1983 | 346,258 million SLC | -3.5% |
| 1984 | 341,100 million SLC | -1.5% |
| 1985 | 317,134 million SLC | -7.0% |
| 1986 | 258,226 million SLC | -18.6% |
| 1987 | 245,014 million SLC | -5.1% |
| 1988 | 275,845 million SLC | +12.6% |
| 1989 | 293,787 million SLC | +6.5% |
| 1990 | 286,910 million SLC | -2.3% |
| 1991 | 265,154 million SLC | -7.6% |
| 1992 | 257,998 million SLC | -2.7% |
| 1993 | 263,758 million SLC | +2.2% |
| 1994 | 285,511 million SLC | +8.2% |
| 1995 | 316,035 million SLC | +10.7% |
| 1996 | 344,504 million SLC | +9.0% |
| 1997 | 364,285 million SLC | +5.7% |
| 1998 | 381,645 million SLC | +4.8% |
| 1999 | 352,658 million SLC | -7.6% |
| 2000 | 366,291 million SLC | +3.9% |
| 2001 | 376,726 million SLC | +2.8% |
| 2002 | 389,884 million SLC | +3.5% |
| 2003 | 429,796 million SLC | +10.2% |
| 2004 | 485,141 million SLC | +12.9% |
| 2005 | 538,428 million SLC | +11.0% |
| 2006 | 603,818 million SLC | +12.1% |
| 2007 | 686,895 million SLC | +13.8% |
| 2008 | 774,973 million SLC | +12.8% |
| 2009 | 723,230 million SLC | -6.7% |
| 2010 | 694,935 million SLC | -3.9% |
| 2011 | 742,493 million SLC | +6.8% |
| 2012 | 755,542 million SLC | +1.8% |
| 2013 | 796,023 million SLC | +5.4% |
| 2014 | 785,537 million SLC | -1.3% |
| 2015 | 796,138 million SLC | +1.3% |
| 2016 | 780,757 million SLC | -1.9% |
| 2017 | 764,884 million SLC | -2.0% |
| 2018 | 755,594 million SLC | -1.2% |
| 2019 | 742,420 million SLC | -1.7% |
| 2020 | 633,822 million SLC | -14.6% |
| 2021 | 637,876 million SLC | +0.6% |
| 2022 | 668,460 million SLC | +4.8% |
| 2023 | 696,850 million SLC | +4.2% |
| 2024 | 671,138 million SLC | -3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 269,054 million SLC | 211,883 million SLC | 305,736 million SLC | 10 |
| 1980s | 313,989 million SLC | 245,014 million SLC | 366,855 million SLC | 10 |
| 1990s | 311,846 million SLC | 257,998 million SLC | 381,645 million SLC | 10 |
| 2000s | 537,518 million SLC | 366,291 million SLC | 774,973 million SLC | 10 |
| 2010s | 761,432 million SLC | 694,935 million SLC | 796,138 million SLC | 10 |
| 2020s | 661,629 million SLC | 633,822 million SLC | 696,850 million SLC | 5 |
Countries ranked near South Africa
More economy & growth data for South Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.4836 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 4.99 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.1387 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 915.19 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 2.47 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 2.48 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 16,372 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 0.7139 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1196 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, 2015 in South Africa?
- Gross fixed capital formation — value standard local currency, 2015 in South Africa was 671,138 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in South Africa?
- The highest recorded value was 796,138 million SLC in 2015.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in South Africa?
- The lowest recorded value was 211,883 million SLC in 1970.
- How does South Africa rank for gross fixed capital formation — value standard local currency, 2015?
- South Africa ranks 57th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in South Africa?
- Over the last ten years it is down 14.6%. The long-run trend across the full record is rising.
- Where does this South Africa data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).