South Africa - Gross capital formation (annual % growth)

The value for Gross capital formation (annual % growth) in South Africa was -24.73 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 32.22 in 1980 and a minimum value of -24.73 in 2020.

Definition: Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1961 1.35
1962 -3.77
1963 27.10
1964 17.67
1965 13.59
1966 -6.88
1967 20.04
1968 -3.33
1969 12.11
1970 17.42
1971 10.32
1972 -12.20
1973 13.90
1974 16.47
1975 1.74
1976 -11.18
1977 -5.46
1978 -2.66
1979 9.80
1980 32.22
1981 10.03
1982 -20.73
1983 3.66
1984 0.16
1985 -18.55
1986 -12.71
1987 -3.93
1988 21.90
1989 2.83
1990 -11.80
1991 -0.33
1992 -6.17
1993 -0.23
1994 20.97
1995 14.23
1996 1.03
1997 2.94
1998 3.34
1999 -3.13
2000 3.51
2001 0.48
2002 8.90
2003 11.44
2004 15.98
2005 6.48
2006 12.77
2007 8.63
2008 8.80
2009 -8.42
2010 0.76
2011 11.73
2012 -0.72
2013 5.00
2014 -3.22
2015 4.01
2016 -8.39
2017 2.98
2018 -0.70
2019 -0.41
2020 -24.73

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts