Gross Capital Formation (Percent of GDP) of African Countries in 1998
Updated on May 15, 2023.

According to recent data from the World Bank, in 1998, the 3 African countries with the top 3 highest Gross Capital Formation (Percent of GDP) were:

  1. Nigeria: 40.62%
  2. Gabon: 39.56%
  3. Botswana: 37.94%

On the other hand, the 3 African countries with the 3 lowest gross capital formation (percent of gdp) in 1998 were:

  1. Democratic Republic of the Congo: 2.1%
  2. Gambia: 4.88%
  3. Sierra Leone: 5.31%

Use the interactive visualization and table below to explore this data for each African country for the year 1998. 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 1998.

Data Source: World Bank.
Gross Capital Formation (Percent of GDP) of African Countries in 1998 (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 1998
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Country Gross Capital Formation (% of GDP)
Algeria 27.15
Benin 18.16
Botswana 37.94
Burkina Faso 24.18
Burundi 6.77
Cameroon 18.45
Republic of Congo 26.68
Ivory Coast 20.27
Democratic Republic of the Congo 2.10
Central African Republic 11.01
Chad 16.93
Egypt 21.50
Eritrea 32.29
Eswatini 19.10
Gabon 39.56
Gambia 4.88
Ghana 23.11
Guinea 19.21
Guinea-Bissau 11.37
Kenya 16.69
Libya 11.96
Madagascar 12.25
Mali 19.80
Mauritania 9.76
Mauritius 25.78
Morocco 27.81
Mozambique 23.95
Zimbabwe 20.75
Tanzania 20.87
Uganda 16.45
Tunisia 24.92
Togo 16.44
Sudan 17.95
South Africa 16.43
Sierra Leone 5.31
Senegal 18.75
Rwanda 14.81
Niger 14.63
Nigeria 40.62
Namibia 22.35
Comoros 18.04
Seychelles 34.59

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.