Annual GDP growth in Western Africa
Western Africa: Annual GDP growth was 4.7% in 2024. ◆ Volatile
Annual GDP growth in Western Africa, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Western Africa recorded 4.7% for annual gdp growth in 2024.
Compared with earlier readings it is up 23.7% on the previous year and down 19.7% over ten years.
Over the whole period, annual gdp growth in Western Africa peaked at 10.7% in 2002 and was at its lowest, -4.0%, in 2020.
That places Western Africa 9th out of 34 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Western Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.9% | — |
| 2001 | 4.8% | +22.0% |
| 2002 | 10.7% | +122.2% |
| 2003 | 5.6% | -47.3% |
| 2004 | 7.5% | +33.0% |
| 2005 | 5.6% | -25.5% |
| 2006 | 5.6% | +0.9% |
| 2007 | 5.5% | -1.6% |
| 2008 | 6.4% | +15.7% |
| 2009 | 6.7% | +4.2% |
| 2010 | 7.5% | +12.2% |
| 2011 | 5.0% | -33.4% |
| 2012 | 4.9% | -1.6% |
| 2013 | 6.8% | +37.9% |
| 2014 | 5.9% | -12.4% |
| 2015 | 3.1% | -47.9% |
| 2016 | 0.4% | -88.2% |
| 2017 | 2.6% | +617.9% |
| 2018 | 3.1% | +17.1% |
| 2019 | 3.4% | +10.2% |
| 2020 | -4.0% | -218.4% |
| 2021 | 2.6% | -165.7% |
| 2022 | 4.6% | +75.7% |
| 2023 | 3.8% | -16.8% |
| 2024 | 4.7% | +23.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.2% | 3.9% | 10.7% | 10 |
| 2010s | 4.3% | 0.4% | 7.5% | 10 |
| 2020s | 2.4% | -4.0% | 4.7% | 5 |
Countries ranked near Western Africa
More economy & growth data for Western Africa
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 88.59 USD (2024)
- Gross Fixed Capital Formation — Value US$ 137,957 million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 155,725 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 25.75 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.95 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 4.28 % (2024)
- Gross Domestic Product — Annual growth US$ per capita -25.09 % (2024)
- Gross Domestic Product — Annual growth US$ -23.38 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 884,444 million USD (2024)
- Gross Domestic Product — Value US$ 535,797 million USD (2024)
Frequently asked questions
- What is annual gdp growth in Western Africa?
- Annual gdp growth in Western Africa was 4.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Western Africa?
- The highest recorded value was 10.7% in 2002.
- What is the lowest annual gdp growth recorded in Western Africa?
- The lowest recorded value was -4.0% in 2020.
- How does Western Africa rank for annual gdp growth?
- Western Africa ranks 9th out of 34 groups with data for 2024.
- Is annual gdp growth rising or falling in Western Africa?
- Over the last ten years it is down 19.7%. The long-run trend across the full record is volatile.
- Where does this Western Africa data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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