Gross Capital Formation (Percent of GDP) of African Countries in 1988
Updated on May 15, 2023.

According to recent data from the World Bank, in 1988, the 3 African countries with the top 3 highest Gross Capital Formation (Percent of GDP) were:

  1. Guinea-Bissau: 44.7%
  2. Nigeria: 43.64%
  3. Gabon: 37.48%

On the other hand, the 3 African countries with the 3 lowest gross capital formation (percent of gdp) in 1988 were:

  1. Sudan: 4.33%
  2. Sierra Leone: 5.89%
  3. Chad: 7.04%

Use the interactive visualization and table below to explore this data for each African country for the year 1988. You can also see links at the bottom of this page to see the historical Gross Capital Formation (Percent of GDP) information for each African country.

The World Bank defines Gross Capital Formation (Percent of GDP) as "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'" .

See also: GDP of Africa in 1988.

Data Source: World Bank.
Gross Capital Formation (Percent of GDP) of African Countries in 1988 (US$)
See also the Gross Capital Formation (Percent of GDP) of Africa for other years:
Gross Capital Formation (Percent of GDP) of African Countries in 1988
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Country Gross Capital Formation (% of GDP)
Algeria 27.64
Benin 15.63
Botswana 23.59
Burkina Faso 18.79
Burundi 15.04
Cameroon 20.90
Republic of Congo 18.62
Ivory Coast 12.65
Central African Republic 10.51
Chad 7.04
Egypt 33.12
Eswatini 23.55
Gabon 37.48
Gambia 16.36
Ghana 11.30
Guinea 17.09
Guinea-Bissau 44.70
Kenya 25.45
Madagascar 17.60
Mali 18.50
Mauritania 19.56
Mauritius 31.02
Morocco 24.44
Zimbabwe 18.70
Uganda 10.79
Tunisia 20.71
Togo 16.03
Sudan 4.33
Somalia 23.90
South Africa 19.86
Sierra Leone 5.89
Senegal 13.88
Rwanda 14.49
Niger 19.05
Nigeria 43.64
Namibia 15.02
Comoros 18.04
Seychelles 25.54

Gross Capital Formation (Percent of GDP) of African Countries

Use the links below to see the historical Gross Capital Formation (Percent of GDP) for each African country.