Gross Fixed Capital Formation — Value US$, 2015 prices in Africa
Africa: Gross Fixed Capital Formation — Value US$, 2015 prices was 668,776 million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices in Africa, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross fixed capital formation — value us$, 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$, 2015 prices in Africa peaked at 668,776 million USD in 2024 and was at its lowest, 126,556 million USD, in 1970.
That places Africa 17th out of 29 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 183,034 million USD | 126,556 million USD | 245,793 million USD | 10 |
| 1980s | 207,486 million USD | 168,813 million USD | 266,035 million USD | 10 |
| 1990s | 208,930 million USD | 187,225 million USD | 249,468 million USD | 10 |
| 2000s | 314,874 million USD | 242,302 million USD | 415,700 million USD | 10 |
| 2010s | 500,498 million USD | 424,918 million USD | 578,575 million USD | 10 |
| 2020s | 605,708 million USD | 535,948 million USD | 668,776 million USD | 5 |
Countries ranked near Africa
- 14 Canada 375,620 million USD compare
- 15 Brazil 351,696 million USD compare
- 16 Mexico 320,400 million USD compare
- 17 Spain 275,397 million USD compare
- 18 Saudi Arabia 237,852 million USD compare
- 19 Switzerland 196,956 million USD compare
- 20 Netherlands (Kingdom of the) 188,221 million USD compare
More economy & growth data for Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.26 Percent per annum (2028)
- Gross Domestic Product — Value US$, 2015 prices 3.04 million million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ -6.42 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 19.18 % (2024)
- Gross Fixed Capital Formation — Value US$ 594,014 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.5509 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 2.89 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 7.84 % (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 88.82 USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, 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 17th out of 29 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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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).