Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Africa

Africa: Gross Fixed Capital Formation — Value US$, 2015 prices was 668,776 million USD in 2024. ▲ Rising

Latest (2024)
668,776 million USD
Change on year
up 3.9%
Rank
18th
of 30 groups
All-time high
668,776 million USD
in 2024
All-time low
126,556 million USD
in 1970
Years of data
55
1970–2024

Gross Fixed Capital Formation — Value US$, 2015 prices in Africa, 1970–2024

200.0k400.0k600.0k197019972024

Source: Food and Agriculture Organization of the United Nations. Measured in million USD.

Analysis

In 2024, gross fixed capital formation — value us$, 2015 prices in Africa stood at 668,776 million USD. That is the highest value across all 55 years on record.

That represents a change of up 3.9% on the previous year and up 33.2% over ten years.

Over the whole period, gross fixed capital formation — value us$, 2015 prices in Africa peaked at 668,776 million USD in 2024 and was at its lowest, 126,556 million USD, in 1970.

That places Africa 18th out of 30 groups 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 US$, 2015 prices in Africa, year by year

Annual values for Gross Fixed Capital Formation — Value US$, 2015 prices in Africa, 1970 to 2024.
Year million USD Change
1970 126,556 million USD —
1971 133,136 million USD +5.2%
1972 138,859 million USD +4.3%
1973 153,701 million USD +10.7%
1974 156,648 million USD +1.9%
1975 183,970 million USD +17.4%
1976 219,509 million USD +19.3%
1977 245,793 million USD +12.0%
1978 240,560 million USD -2.1%
1979 231,609 million USD -3.7%
1980 243,702 million USD +5.2%
1981 266,035 million USD +9.2%
1982 244,917 million USD -7.9%
1983 220,495 million USD -10.0%
1984 201,733 million USD -8.5%
1985 190,581 million USD -5.5%
1986 180,181 million USD -5.5%
1987 168,813 million USD -6.3%
1988 176,869 million USD +4.8%
1989 181,533 million USD +2.6%
1990 190,292 million USD +4.8%
1991 187,225 million USD -1.6%
1992 190,687 million USD +1.8%
1993 188,543 million USD -1.1%
1994 195,223 million USD +3.5%
1995 197,661 million USD +1.2%
1996 220,851 million USD +11.7%
1997 226,422 million USD +2.5%
1998 249,468 million USD +10.2%
1999 242,925 million USD -2.6%
2000 249,645 million USD +2.8%
2001 242,302 million USD -2.9%
2002 249,626 million USD +3.0%
2003 273,798 million USD +9.7%
2004 282,580 million USD +3.2%
2005 308,581 million USD +9.2%
2006 348,662 million USD +13.0%
2007 369,606 million USD +6.0%
2008 408,243 million USD +10.5%
2009 415,700 million USD +1.8%
2010 424,918 million USD +2.2%
2011 429,178 million USD +1.0%
2012 463,038 million USD +7.9%
2013 473,761 million USD +2.3%
2014 502,011 million USD +6.0%
2015 517,764 million USD +3.1%
2016 528,523 million USD +2.1%
2017 528,968 million USD +0.1%
2018 558,242 million USD +5.5%
2019 578,575 million USD +3.6%
2020 535,948 million USD -7.4%
2021 570,324 million USD +6.4%
2022 610,128 million USD +7.0%
2023 643,366 million USD +5.4%
2024 668,776 million USD +3.9%

Averages by decade

DecadeAverage LowestHighest Years
1970s 183,034 million USD 126,556 million USD 245,793 million USD 10
1980s 207,486 million USD 168,813 million USD 266,035 million USD 10
1990s 208,930 million USD 187,225 million USD 249,468 million USD 10
2000s 314,874 million USD 242,302 million USD 415,700 million USD 10
2010s 500,498 million USD 424,918 million USD 578,575 million USD 10
2020s 605,708 million USD 535,948 million USD 668,776 million USD 5

Countries ranked near Africa

  1. 15 Russian Federation 387,507 million USD compare
  2. 15 Russia 387,507 million USD compare
  3. 17 Canada 375,620 million USD compare
  4. 18 Brazil 351,696 million USD compare
  5. 19 Türkiye 324,980 million USD compare
  6. 19 Turkey 324,980 million USD compare
  7. 21 Mexico 320,400 million USD compare

See the full ranking of 265 places →

More economy & growth data for Africa

All data for Africa →

Frequently asked questions

What is gross fixed capital formation — value us$, 2015 prices in Africa?
Gross fixed capital formation — value us$, 2015 prices in Africa was 668,776 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Africa?
The highest recorded value was 668,776 million USD in 2024.
What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Africa?
The lowest recorded value was 126,556 million USD in 1970.
How does Africa rank for gross fixed capital formation — value us$, 2015 prices?
Africa ranks 18th out of 30 groups with data for 2024.
Is gross fixed capital formation — value us$, 2015 prices rising or falling in Africa?
Over the last ten years it is up 33.2%. The long-run trend across the full record is rising.
Where does this 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 US$, 2015 prices. Statizoid updates them automatically from the source API.

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Gross Fixed Capital Formation — Value US$, 2015 prices in Africa. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 07 October 2026, from https://economy.statizoid.com/stat/gross-fixed-capital-formation-value-us-2015-prices/africa/

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About this data

Indicator
Gross Fixed Capital Formation — Value US$, 2015 prices
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
265 places, 13,517 data points, 1970–2024
Last refreshed

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).