Gross Fixed Capital Formation — Value Standard Local Currency (Fixed) in United Republic of Tanzania
United Republic of Tanzania: Gross Fixed Capital Formation — Value Standard Local Currency (Fixed) was 82.68 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in United Republic of Tanzania, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
United Republic of Tanzania recorded 82.68 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 5.3% on the previous year and up 186.4% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in United Republic of Tanzania peaked at 82.68 million million SLC in 2024 and was at its lowest, 4,602 million SLC, in 1970.
United Republic of Tanzania ranks 13th of 230 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency (Fixed) in United Republic of Tanzania, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 4,602 million SLC | — |
| 1971 | 5,813 million SLC | +26.3% |
| 1972 | 5,794 million SLC | -0.3% |
| 1973 | 6,372 million SLC | +10.0% |
| 1974 | 7,431 million SLC | +16.6% |
| 1975 | 8,676 million SLC | +16.8% |
| 1976 | 10,920 million SLC | +25.9% |
| 1977 | 14,104 million SLC | +29.2% |
| 1978 | 15,516 million SLC | +10.0% |
| 1979 | 18,187 million SLC | +17.2% |
| 1980 | 18,268 million SLC | +0.4% |
| 1981 | 18,272 million SLC | +0.0% |
| 1982 | 22,914 million SLC | +25.4% |
| 1983 | 16,409 million SLC | -28.4% |
| 1984 | 25,344 million SLC | +54.5% |
| 1985 | 40,147 million SLC | +58.4% |
| 1986 | 74,817 million SLC | +86.4% |
| 1987 | 152,729 million SLC | +104.1% |
| 1988 | 252,825 million SLC | +65.5% |
| 1989 | 347,923 million SLC | +37.6% |
| 1990 | 610,054 million SLC | +75.3% |
| 1991 | 540,827 million SLC | -11.3% |
| 1992 | 731,974 million SLC | +35.3% |
| 1993 | 883,772 million SLC | +20.7% |
| 1994 | 1.09 million million SLC | +23.0% |
| 1995 | 1.15 million million SLC | +5.5% |
| 1996 | 1.20 million million SLC | +5.0% |
| 1997 | 1.34 million million SLC | +11.5% |
| 1998 | 1.73 million million SLC | +28.7% |
| 1999 | 1.75 million million SLC | +1.3% |
| 2000 | 1.90 million million SLC | +8.3% |
| 2001 | 2.20 million million SLC | +16.2% |
| 2002 | 2.49 million million SLC | +13.2% |
| 2003 | 3.24 million million SLC | +30.0% |
| 2004 | 4.41 million million SLC | +36.1% |
| 2005 | 5.60 million million SLC | +27.2% |
| 2006 | 7.54 million million SLC | +34.6% |
| 2007 | 9.84 million million SLC | +30.4% |
| 2008 | 12.87 million million SLC | +30.8% |
| 2009 | 12.69 million million SLC | -1.4% |
| 2010 | 14.66 million million SLC | +15.5% |
| 2011 | 20.19 million million SLC | +37.7% |
| 2012 | 21.88 million million SLC | +8.4% |
| 2013 | 26.17 million million SLC | +19.6% |
| 2014 | 28.87 million million SLC | +10.3% |
| 2015 | 31.72 million million SLC | +9.9% |
| 2016 | 37.50 million million SLC | +18.2% |
| 2017 | 43.89 million million SLC | +17.0% |
| 2018 | 43.60 million million SLC | -0.7% |
| 2019 | 52.82 million million SLC | +21.2% |
| 2020 | 63.70 million million SLC | +20.6% |
| 2021 | 71.22 million million SLC | +11.8% |
| 2022 | 72.35 million million SLC | +1.6% |
| 2023 | 78.56 million million SLC | +8.6% |
| 2024 | 82.68 million million SLC | +5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9,741 million SLC | 4,602 million SLC | 18,187 million SLC | 10 |
| 1980s | 96,965 million SLC | 16,409 million SLC | 347,923 million SLC | 10 |
| 1990s | 1.10 million million SLC | 540,827 million SLC | 1.75 million million SLC | 10 |
| 2000s | 6.28 million million SLC | 1.90 million million SLC | 12.87 million million SLC | 10 |
| 2010s | 32.13 million million SLC | 14.66 million million SLC | 52.82 million million SLC | 10 |
| 2020s | 73.70 million million SLC | 63.70 million million SLC | 82.68 million million SLC | 5 |
Countries ranked near United Republic of Tanzania
More economy & growth data for United Republic of Tanzania
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 3.06 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate -4.6 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local -0.0245 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -7.46 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, annual growth 8.76 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 0.6673 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 5.53 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 5.53 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 5.25 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate -2.58 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in United Republic of Tanzania?
- Gross fixed capital formation — value standard local currency in United Republic of Tanzania was 82.68 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 United Republic of Tanzania?
- The highest recorded value was 82.68 million million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in United Republic of Tanzania?
- The lowest recorded value was 4,602 million SLC in 1970.
- How does United Republic of Tanzania rank for gross fixed capital formation — value standard local currency?
- United Republic of Tanzania ranks 13th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in United Republic of Tanzania?
- Over the last ten years it is up 186.4%. The long-run trend across the full record is volatile.
- Where does this United Republic of Tanzania 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.
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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).