Zambia's gross fixed capital formation (current US$) was US$5.47 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 35.11% from US$8.42 billion in 2014 (4.23% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$5.47 billion | 2024 |
| Five years earlier | US$8.33 billion | 2019 |
| Ten years earlier | US$8.42 billion | 2014 |
| Highest | US$10.04 billion | 2017 |
| Lowest | US$5.25 billion | 2010 |
| Average since 2015 | US$7.52 billion | 2015–2024 |
| First recorded | US$5.25 billion |
What the numbers say
In 2024, Zambia's gross fixed capital formation (current US$) fell 25% on 2023 (from US$7.29 billion to US$5.47 billion).
Across the 13 yearly changes before that (2011 to 2023), the average change was +4.2% and a typical year strayed about 18.4% from that (the standard deviation). This year's change was 1.6 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 31.5% in 2017 and the biggest yearly fall was 35.1% in 2020. 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 downward, about US$315.4 million a year. A straight line explains 40% 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.
How it compares
In 2024, Zambia had the 16th highest value of the 37 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.
| Value | Year | |
|---|---|---|
| Zambia | US$5.47 billion | 2024 |
| World | US$28.61 trillion | 2024 |
| Sub-Saharan Africa | US$507.97 billion | 2025 |
| Lower middle income | US$2.11 trillion | 2025 |
Closest to Zambia in the 2024 ranking
- Ghana — 13th of 37: US$8.11 billion
- Tunisia — 14th of 37: US$7.82 billion
- Bosnia and Herzegovina — 15th of 37: US$7.25 billion
- Tajikistan — 17th of 37: US$4.36 billion
- Bahamas, The — 18th of 37: US$4.08 billion
- North Macedonia — 19th of 37: US$3.98 billion
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 15 values
| Year | Gross fixed capital formation (current US$) |
|---|---|
| 2024 | 5,466,301,736 |
| 2023 | 7,290,897,287 |
| 2022 | 7,321,370,721 |
| 2021 | 6,299,798,361 |
| 2020 | 5,409,198,547 |
| 2019 | 8,334,391,389 |
| 2018 | 9,224,182,688 |
| 2017 | 10,040,834,810 |
| 2016 | 7,633,177,620 |
| 2015 | 8,171,759,908 |
Gross fixed capital formation (current US$) in nearby economies
- Angola — US$10.95 billion (2024)
- Benin — US$8.7 billion (2025)
- Botswana — US$5.62 billion (2025)
- Burkina Faso — US$4.62 billion (2025)
- Cameroon — US$11.4 billion (2025)
- Central African Republic — US$453.25 million (2025)
- Chad — US$3.52 billion (2025)
- Comoros — US$214.98 million (2025)
- Congo, Dem. Rep. — US$26.21 billion (2025)
- Congo, Rep.
More economic policy & debt data for Zambia
- Agriculture, forestry, and fishing, value added (current US$) — 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$10.2 billion (2025)
- Industry, including construction, value added (current LCU) — 256.39 billion (2025)
- Industry, including construction, value added (% of GDP)
Reading data like this
Questions people ask
- What is Zambia's gross fixed capital formation (current US$)?
- US$5.47 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 4.17% from US$5.25 billion in 2010 (0.29% a year on average, compounded). The highest value was US$10.04 billion in 2017 and the lowest US$5.25 billion in 2010.
- How does Zambia rank?
- 16th highest of 37 economies with data for 2024.
- Is the latest change in gross fixed capital formation (current US$) unusual for Zambia?
- In 2024, Zambia's gross fixed capital formation (current US$) fell 25% on 2023 (from US$7.29 billion to US$5.47 billion). Across the 13 yearly changes before that (2011 to 2023), the average change was +4.2% and a typical year strayed about 18.4% from that (the standard deviation). This year's change was 1.6 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.GDI.FTOT.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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