Gross Fixed Capital Formation — Value US$ (US Value) in South Africa
South Africa: Gross Fixed Capital Formation — Value US$ (US Value) was 58,516 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in South Africa, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
South Africa recorded 58,516 million USD for gross fixed capital formation — value us$ in 2024.
Compared with earlier readings it is up 2.2% on the previous year and down 16.1% over ten years.
Over the whole period, gross fixed capital formation — value us$ in South Africa peaked at 81,602 million USD in 2011 and was at its lowest, 4,689 million USD, in 1970.
That places South Africa 58th out of 235 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$ (US Value) in South Africa, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 4,689 million USD | — |
| 1971 | 5,465 million USD | +16.5% |
| 1972 | 5,887 million USD | +7.7% |
| 1973 | 7,627 million USD | +29.5% |
| 1974 | 9,489 million USD | +24.4% |
| 1975 | 11,516 million USD | +21.4% |
| 1976 | 11,326 million USD | -1.6% |
| 1977 | 11,682 million USD | +3.1% |
| 1978 | 12,646 million USD | +8.2% |
| 1979 | 15,538 million USD | +22.9% |
| 1980 | 22,432 million USD | +44.4% |
| 1981 | 24,446 million USD | +9.0% |
| 1982 | 22,459 million USD | -8.1% |
| 1983 | 23,725 million USD | +5.6% |
| 1984 | 19,332 million USD | -18.5% |
| 1985 | 14,043 million USD | -27.4% |
| 1986 | 13,814 million USD | -1.6% |
| 1987 | 16,464 million USD | +19.2% |
| 1988 | 19,255 million USD | +16.9% |
| 1989 | 20,855 million USD | +8.3% |
| 1990 | 23,065 million USD | +10.6% |
| 1991 | 22,137 million USD | -4.0% |
| 1992 | 22,515 million USD | +1.7% |
| 1993 | 21,708 million USD | -3.6% |
| 1994 | 23,010 million USD | +6.0% |
| 1995 | 26,967 million USD | +17.2% |
| 1996 | 25,799 million USD | -4.3% |
| 1997 | 27,290 million USD | +5.8% |
| 1998 | 25,264 million USD | -7.4% |
| 1999 | 22,487 million USD | -11.0% |
| 2000 | 21,833 million USD | -2.9% |
| 2001 | 19,452 million USD | -10.9% |
| 2002 | 18,108 million USD | -6.9% |
| 2003 | 28,877 million USD | +59.5% |
| 2004 | 38,799 million USD | +34.4% |
| 2005 | 45,867 million USD | +18.2% |
| 2006 | 52,767 million USD | +15.0% |
| 2007 | 63,357 million USD | +20.1% |
| 2008 | 68,331 million USD | +7.9% |
| 2009 | 64,272 million USD | -5.9% |
| 2010 | 73,296 million USD | +14.0% |
| 2011 | 81,602 million USD | +11.3% |
| 2012 | 77,909 million USD | -4.5% |
| 2013 | 74,442 million USD | -4.4% |
| 2014 | 69,711 million USD | -6.4% |
| 2015 | 62,398 million USD | -10.5% |
| 2016 | 56,435 million USD | -9.6% |
| 2017 | 62,502 million USD | +10.8% |
| 2018 | 64,526 million USD | +3.2% |
| 2019 | 60,225 million USD | -6.7% |
| 2020 | 46,712 million USD | -22.4% |
| 2021 | 55,387 million USD | +18.6% |
| 2022 | 57,591 million USD | +4.0% |
| 2023 | 57,247 million USD | -0.6% |
| 2024 | 58,516 million USD | +2.2% |
South Africa compared with similar countries
- South Africa's 58,516 million USD is above the median for upper middle income countries, which is 8,136 million USD, 7.2× the median. (54 countries reporting)
- South Africa's 58,516 million USD is above the median for Sub-Saharan Africa, which is 3,840 million USD, 15.2× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9,586 million USD | 4,689 million USD | 15,538 million USD | 10 |
| 1980s | 19,683 million USD | 13,814 million USD | 24,446 million USD | 10 |
| 1990s | 24,024 million USD | 21,708 million USD | 27,290 million USD | 10 |
| 2000s | 42,166 million USD | 18,108 million USD | 68,331 million USD | 10 |
| 2010s | 68,305 million USD | 56,435 million USD | 81,602 million USD | 10 |
| 2020s | 55,090 million USD | 46,712 million USD | 58,516 million USD | 5 |
Countries ranked near South Africa
More economy & growth data for South Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.4836 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 6.87 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0145 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 95.75 units per person (2025)
- SDRs holdings, SDR, annual growth rate 1.77 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0106 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 69.91 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -28.9 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$ in South Africa?
- Gross fixed capital formation — value us$ in South Africa was 58,516 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 South Africa?
- The highest recorded value was 81,602 million USD in 2011.
- What is the lowest gross fixed capital formation — value us$ recorded in South Africa?
- The lowest recorded value was 4,689 million USD in 1970.
- How does South Africa rank for gross fixed capital formation — value us$?
- South Africa ranks 58th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in South Africa?
- Over the last ten years it is down 16.1%. The long-run trend across the full record is volatile.
- Where does this South 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).