Zambia's gross capital formation (current LCU) was 157.5 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 176.74% from 56.91 billion in 2014 (10.72% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 157.5 billion | 2024 |
| Five years earlier | 117.96 billion | 2019 |
| Ten years earlier | 56.91 billion | 2014 |
| Highest | 175.28 billion | 2023 |
| Lowest | 29.05 billion | 2010 |
| Average since 2015 | 119.83 billion | 2015–2024 |
| First recorded | 29.05 billion |
What the numbers say
In 2024, Zambia's gross capital formation (current LCU) fell 10.1% on 2023 (from 175.28 billion to 157.5 billion).
Across the 13 yearly changes before that (2011 to 2023), the average change was +15.7% and a typical year strayed about 14.5% from that (the standard deviation). This year's change was 1.8 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 37.9% in 2015 and the biggest yearly fall was 10.1% in 2024. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 9.75 billion a year. A straight line explains 89% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 195.95 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 12.5 billion, against 20.25 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Zambia had the 12th highest value of the 38 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Zambia in the 2024 ranking
- Cuba — 9th of 38: 262.66 billion
- Afghanistan — 10th of 38: 215.62 billion
- New Caledonia — 11th of 38: 208.58 billion
- French Polynesia — 13th of 38: 152.8 billion
- Bhutan — 14th of 38: 119.29 billion
- Ghana — 15th of 38: 117.1 billion
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 15 values
| Year | Gross capital formation (current LCU) |
|---|---|
| 2024 | 157,502,080,700 |
| 2023 | 175,276,747,200 |
| 2022 | 133,274,078,600 |
| 2021 | 138,747,431,600 |
| 2020 | 107,285,341,200 |
| 2019 | 117,961,905,000 |
| 2018 | 106,185,874,200 |
| 2017 | 100,967,803,900 |
| 2016 | 82,562,905,200 |
| 2015 | 78,496,450,600 |
Gross capital formation (current LCU) in nearby economies
- Angola — 11.06 trillion (2024)
- Benin — 5.12 trillion (2025)
- Botswana — 78.46 billion (2025)
- Burkina Faso — 2.77 trillion (2025)
- Cabo Verde — 52.07 billion (2025)
- Cameroon — 6.63 trillion (2025)
- Central African Republic — 166.01 billion (2025)
- Chad — 2.54 trillion (2025)
- Comoros — 93.81 billion (2025)
- Congo, Dem. Rep. — 77.13 trillion (2025)
More economic policy & debt data for Zambia
- Agriculture, forestry, and fishing, value added (current US$) — US$1.19 billion (2025)
- Agriculture, forestry, and fishing, value added (current LCU) — 29.79 billion (2025)
- Agriculture, forestry, and fishing, value added (% of GDP) — 4.11% (2025)
- Manufacturing, value added (current US$) — US$2.53 billion (2025)
- Manufacturing, value added (current LCU) — 63.49 billion (2025)
- Manufacturing, value added (% of GDP) — 8.75% (2025)
- Industry, including construction, value added (current US$) — US$10.2 billion (2025)
- Industry, including construction, value added (current LCU) — 256.39 billion (2025)
- Industry, including construction, value added (% of GDP)
Reading data like this
Questions people ask
- What is Zambia's gross capital formation (current LCU)?
- 157.5 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 442.26% from 29.05 billion in 2010 (12.83% a year on average, compounded). The highest value was 175.28 billion in 2023 and the lowest 29.05 billion in 2010.
Source
World Bank, World Development Indicators, indicator NE.GDI.TOTL.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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