Gross Fixed Capital Formation — Value US$ in Africa
Africa: Gross Fixed Capital Formation — Value US$ was 594,014 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Africa, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$ in Africa is 594,014 million USD, measured in 2024.
The figure is down 6.4% on the previous year and up 3.6% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Africa peaked at 642,087 million USD in 2022 and was at its lowest, 40,379 million USD, in 1970.
Africa ranks 18th of 30 groups 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 US$ in Africa, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 40,379 million USD | — |
| 1971 | 46,837 million USD | +16.0% |
| 1972 | 56,016 million USD | +19.6% |
| 1973 | 64,071 million USD | +14.4% |
| 1974 | 79,881 million USD | +24.7% |
| 1975 | 115,873 million USD | +45.1% |
| 1976 | 163,497 million USD | +41.1% |
| 1977 | 194,819 million USD | +19.2% |
| 1978 | 208,981 million USD | +7.3% |
| 1979 | 220,068 million USD | +5.3% |
| 1980 | 276,436 million USD | +25.6% |
| 1981 | 292,051 million USD | +5.6% |
| 1982 | 279,171 million USD | -4.4% |
| 1983 | 250,570 million USD | -10.2% |
| 1984 | 206,874 million USD | -17.4% |
| 1985 | 172,149 million USD | -16.8% |
| 1986 | 142,472 million USD | -17.2% |
| 1987 | 112,848 million USD | -20.8% |
| 1988 | 117,658 million USD | +4.3% |
| 1989 | 118,977 million USD | +1.1% |
| 1990 | 131,755 million USD | +10.7% |
| 1991 | 118,822 million USD | -9.8% |
| 1992 | 113,518 million USD | -4.5% |
| 1993 | 120,776 million USD | +6.4% |
| 1994 | 115,971 million USD | -4.0% |
| 1995 | 120,624 million USD | +4.0% |
| 1996 | 126,390 million USD | +4.8% |
| 1997 | 128,768 million USD | +1.9% |
| 1998 | 136,901 million USD | +6.3% |
| 1999 | 133,825 million USD | -2.2% |
| 2000 | 131,682 million USD | -1.6% |
| 2001 | 141,288 million USD | +7.3% |
| 2002 | 146,979 million USD | +4.0% |
| 2003 | 173,456 million USD | +18.0% |
| 2004 | 206,931 million USD | +19.3% |
| 2005 | 247,168 million USD | +19.4% |
| 2006 | 297,641 million USD | +20.4% |
| 2007 | 348,091 million USD | +16.9% |
| 2008 | 428,114 million USD | +23.0% |
| 2009 | 420,611 million USD | -1.8% |
| 2010 | 449,828 million USD | +6.9% |
| 2011 | 487,865 million USD | +8.5% |
| 2012 | 513,713 million USD | +5.3% |
| 2013 | 528,300 million USD | +2.8% |
| 2014 | 573,516 million USD | +8.6% |
| 2015 | 517,764 million USD | -9.7% |
| 2016 | 488,437 million USD | -5.7% |
| 2017 | 497,645 million USD | +1.9% |
| 2018 | 542,227 million USD | +9.0% |
| 2019 | 592,432 million USD | +9.3% |
| 2020 | 546,884 million USD | -7.7% |
| 2021 | 612,967 million USD | +12.1% |
| 2022 | 642,087 million USD | +4.8% |
| 2023 | 634,783 million USD | -1.1% |
| 2024 | 594,014 million USD | -6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 119,042 million USD | 40,379 million USD | 220,068 million USD | 10 |
| 1980s | 196,921 million USD | 112,848 million USD | 292,051 million USD | 10 |
| 1990s | 124,735 million USD | 113,518 million USD | 136,901 million USD | 10 |
| 2000s | 254,196 million USD | 131,682 million USD | 428,114 million USD | 10 |
| 2010s | 519,173 million USD | 449,828 million USD | 592,432 million USD | 10 |
| 2020s | 606,147 million USD | 546,884 million USD | 642,087 million USD | 5 |
Countries ranked near Africa
More economy & growth data for Africa
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.26 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2028)
- Gross Domestic Product, GDP in millions constant 2021 international $ 10.08 million (2027)
- Gross Fixed Capital Formation — Value US$, annual growth rate -6.42 % change on previous year (2024)
- Gross Domestic Product — Value US$ 3.10 million million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 3.95 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 668,776 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 19.18 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 21.98 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 3.95 % (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Africa?
- Gross fixed capital formation — value us$ in Africa was 594,014 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Africa?
- The highest recorded value was 642,087 million USD in 2022.
- What is the lowest gross fixed capital formation — value us$ recorded in Africa?
- The lowest recorded value was 40,379 million USD in 1970.
- How does Africa rank for gross fixed capital formation — value us$?
- Africa ranks 18th out of 30 groups with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Africa?
- Over the last ten years it is up 3.6%. The long-run trend across the full record is volatile.
- 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$. 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).