Gross Fixed Capital Formation — Value Standard Local Currency in South Africa
South Africa: Gross Fixed Capital Formation — Value Standard Local Currency was 1.07 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in South Africa, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
South Africa recorded 1.07 million million SLC for gross fixed capital formation — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 1.5% on the previous year and up 41.8% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in South Africa peaked at 1.07 million million SLC in 2024 and was at its lowest, 3,349 million SLC, in 1970.
South Africa ranks 62nd of 202 countries 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.
Gross Fixed Capital Formation — Value Standard Local Currency in South Africa, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 3,349 million SLC | — |
| 1971 | 3,908 million SLC | +16.7% |
| 1972 | 4,526 million SLC | +15.8% |
| 1973 | 5,293 million SLC | +16.9% |
| 1974 | 6,448 million SLC | +21.8% |
| 1975 | 8,516 million SLC | +32.1% |
| 1976 | 9,849 million SLC | +15.6% |
| 1977 | 10,158 million SLC | +3.1% |
| 1978 | 10,996 million SLC | +8.2% |
| 1979 | 13,084 million SLC | +19.0% |
| 1980 | 17,471 million SLC | +33.5% |
| 1981 | 21,454 million SLC | +22.8% |
| 1982 | 24,386 million SLC | +13.7% |
| 1983 | 26,432 million SLC | +8.4% |
| 1984 | 28,521 million SLC | +7.9% |
| 1985 | 31,297 million SLC | +9.7% |
| 1986 | 31,567 million SLC | +0.9% |
| 1987 | 33,522 million SLC | +6.2% |
| 1988 | 43,775 million SLC | +30.6% |
| 1989 | 54,697 million SLC | +25.0% |
| 1990 | 59,675 million SLC | +9.1% |
| 1991 | 61,126 million SLC | +2.4% |
| 1992 | 64,213 million SLC | +5.0% |
| 1993 | 70,938 million SLC | +10.5% |
| 1994 | 81,704 million SLC | +15.2% |
| 1995 | 97,810 million SLC | +19.7% |
| 1996 | 110,920 million SLC | +13.4% |
| 1997 | 125,752 million SLC | +13.4% |
| 1998 | 139,664 million SLC | +11.1% |
| 1999 | 137,384 million SLC | -1.6% |
| 2000 | 151,516 million SLC | +10.3% |
| 2001 | 167,468 million SLC | +10.5% |
| 2002 | 190,866 million SLC | +14.0% |
| 2003 | 218,446 million SLC | +14.4% |
| 2004 | 250,629 million SLC | +14.7% |
| 2005 | 291,685 million SLC | +16.4% |
| 2006 | 357,312 million SLC | +22.5% |
| 2007 | 446,371 million SLC | +24.9% |
| 2008 | 564,499 million SLC | +26.5% |
| 2009 | 544,619 million SLC | -3.5% |
| 2010 | 536,616 million SLC | -1.5% |
| 2011 | 592,526 million SLC | +10.4% |
| 2012 | 639,629 million SLC | +7.9% |
| 2013 | 718,742 million SLC | +12.4% |
| 2014 | 756,548 million SLC | +5.3% |
| 2015 | 796,138 million SLC | +5.2% |
| 2016 | 830,138 million SLC | +4.3% |
| 2017 | 832,762 million SLC | +0.3% |
| 2018 | 853,936 million SLC | +2.5% |
| 2019 | 870,163 million SLC | +1.9% |
| 2020 | 768,839 million SLC | -11.6% |
| 2021 | 818,549 million SLC | +6.5% |
| 2022 | 941,944 million SLC | +15.1% |
| 2023 | 1.06 million million SLC | +12.1% |
| 2024 | 1.07 million million SLC | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7,613 million SLC | 3,349 million SLC | 13,084 million SLC | 10 |
| 1980s | 31,312 million SLC | 17,471 million SLC | 54,697 million SLC | 10 |
| 1990s | 94,919 million SLC | 59,675 million SLC | 139,664 million SLC | 10 |
| 2000s | 318,341 million SLC | 151,516 million SLC | 564,499 million SLC | 10 |
| 2010s | 742,720 million SLC | 536,616 million SLC | 870,163 million SLC | 10 |
| 2020s | 931,612 million SLC | 768,839 million SLC | 1.07 million 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)
- Services, value added (current US$), annual growth rate 6.62 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6307 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 4,161 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 4.06 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 11.28 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 74,434 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 0 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5809 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in South Africa?
- Gross fixed capital formation — value standard local currency in South Africa was 1.07 million 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 recorded in South Africa?
- The highest recorded value was 1.07 million million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in South Africa?
- The lowest recorded value was 3,349 million SLC in 1970.
- How does South Africa rank for gross fixed capital formation — value standard local currency?
- South Africa ranks 62nd out of 202 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in South Africa?
- Over the last ten years it is up 41.8%. The long-run trend across the full record is volatile.
- 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. Statizoid updates them automatically from the source API.
Download this data
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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).