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 32 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.
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
- 15 Indonesia 409,434 million USD compare
- 16 Brazil 371,217 million USD compare
- 17 Spain 340,538 million USD compare
- 18 Saudi Arabia 311,076 million USD compare
- 19 Netherlands (Kingdom of the) 242,525 million USD compare
- 20 Switzerland 228,997 million USD compare
- 21 USSR 227,207 million USD compare
More economy & growth data for Africa
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 3.95 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -6.42 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 21.98 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 19.18 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 668,776 million USD (2024)
- Gross Domestic Product — Annual growth US$ 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 Domestic Product — Annual growth US$ 10.34 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 3.04 million million USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$ 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$?
- Africa ranks 18th out of 32 groups with data for 2024.
- Is gross fixed capital formation — value us$ 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).