Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Economic Community of West African States (ECOWAS)
Economic Community of West African States (ECOWAS): Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP was 4.2 Percent per annum in 2028. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Economic Community of West African States (ECOWAS), 1990–2028
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
The most recent figure for africa's development dynamics (afdd) table 02 - annual real gdp in Economic Community of West African States (ECOWAS) is 4.2 Percent per annum, measured in 2028.
The figure is up 0.3% on the previous year and up 28.2% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Economic Community of West African States (ECOWAS) peaked at 10 Percent per annum in 2002 and was at its lowest, -0.733 Percent per annum, in 2020.
That places Economic Community of West African States (ECOWAS) 10th out of 28 groups with data for 2028, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Economic Community of West African States (ECOWAS), year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1990 | 2.01 Percent per annum | — |
| 1991 | 0.6309 Percent per annum | -68.5% |
| 1992 | 1.74 Percent per annum | +176.1% |
| 1993 | 1.67 Percent per annum | -4.4% |
| 1994 | 1.06 Percent per annum | -36.1% |
| 1995 | 3.2 Percent per annum | +200.8% |
| 1996 | 4.34 Percent per annum | +35.5% |
| 1997 | 3.64 Percent per annum | -16.0% |
| 1998 | 3.42 Percent per annum | -6.0% |
| 1999 | 1.9 Percent per annum | -44.6% |
| 2000 | 3.81 Percent per annum | +100.9% |
| 2001 | 5.68 Percent per annum | +49.0% |
| 2002 | 10 Percent per annum | +76.1% |
| 2003 | 7.23 Percent per annum | -27.7% |
| 2004 | 7.88 Percent per annum | +9.1% |
| 2005 | 6.04 Percent per annum | -23.4% |
| 2006 | 5.77 Percent per annum | -4.5% |
| 2007 | 6.12 Percent per annum | +6.2% |
| 2008 | 6.66 Percent per annum | +8.9% |
| 2009 | 6.84 Percent per annum | +2.7% |
| 2010 | 9.39 Percent per annum | +37.2% |
| 2011 | 5.02 Percent per annum | -46.6% |
| 2012 | 5.3 Percent per annum | +5.8% |
| 2013 | 5.84 Percent per annum | +10.2% |
| 2014 | 5.97 Percent per annum | +2.1% |
| 2015 | 3.15 Percent per annum | -47.3% |
| 2016 | 0.7857 Percent per annum | -75.0% |
| 2017 | 2.97 Percent per annum | +278.2% |
| 2018 | 3.28 Percent per annum | +10.4% |
| 2019 | 3.58 Percent per annum | +9.1% |
| 2020 | -0.733 Percent per annum | -120.5% |
| 2021 | 4.41 Percent per annum | -702.0% |
| 2022 | 3.88 Percent per annum | -12.0% |
| 2023 | 3.38 Percent per annum | -12.9% |
| 2024 | 4.12 Percent per annum | +21.8% |
| 2025 | 4.12 Percent per annum | +0.1% |
| 2026 | 3.99 Percent per annum | -3.3% |
| 2027 | 4.19 Percent per annum | +5.1% |
| 2028 | 4.2 Percent per annum | +0.3% |
Biggest year-on-year movements
Years where Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Economic Community of West African States (ECOWAS) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +702.0% | -0.733 Percent per annum | 4.41 Percent per annum |
| 2017 | +278.2% | 0.7857 Percent per annum | 2.97 Percent per annum |
| 1995 | +200.8% | 1.06 Percent per annum | 3.2 Percent per annum |
| 1992 | +176.1% | 0.6309 Percent per annum | 1.74 Percent per annum |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.36 Percent per annum | 0.6309 Percent per annum | 4.34 Percent per annum | 10 |
| 2000s | 6.6 Percent per annum | 3.81 Percent per annum | 10 Percent per annum | 10 |
| 2010s | 4.53 Percent per annum | 0.7857 Percent per annum | 9.39 Percent per annum | 10 |
| 2020s | 3.51 Percent per annum | -0.733 Percent per annum | 4.41 Percent per annum | 9 |
Countries ranked near Economic Community of West African States (ECOWAS)
- 7 India 6.5 Percent per annum compare
- 7 Cabo Verde 4.51 Percent per annum compare
- 8 Madagascar 4.5 Percent per annum compare
- 8 Philippines 6.4 Percent per annum compare
- 9 Liberia 6.15 Percent per annum compare
- 10 Benin 6.03 Percent per annum compare
- 11 Côte d’Ivoire 6 Percent per annum compare
- 12 Niger 5.97 Percent per annum compare
- 13 South Sudan 5.77 Percent per annum compare
More economy & growth data for Economic Community of West African States (ECOWAS)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.76 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 19.09 Percentage of GDP (2028)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 14.77 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 17 - Trade by 56,031 US dollar (2022)
- Africa's Development Dynamics (AfDD) Table 28 - International trade 155.9 Percentage of merchandise value (2020)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 50.16 Percentage of GDP (2019)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 97.39 Percentage of GDP (2019)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 1.95 Percentage of GDP (2019)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 9.64 Percentage of GDP (2019)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 0.148 Percentage of GDP (2019)
All data for Economic Community of West African States (ECOWAS) →
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Economic Community of West African States (ECOWAS)?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Economic Community of West African States (ECOWAS) was 4.2 Percent per annum in 2028, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Economic Community of West African States (ECOWAS)?
- The highest recorded value was 10 Percent per annum in 2002.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Economic Community of West African States (ECOWAS)?
- The lowest recorded value was -0.733 Percent per annum in 2020.
- How does Economic Community of West African States (ECOWAS) rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Economic Community of West African States (ECOWAS) ranks 10th out of 28 groups with data for 2028.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Economic Community of West African States (ECOWAS)?
- Over the last ten years it is up 28.2%. The long-run trend across the full record is volatile.
- Where does this Economic Community of West African States (ECOWAS) data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.