Debt service as a proportion of exports of goods, services and in Western Africa
Western Africa: Debt service as a proportion of exports of goods, services and was 8.6% in 2023. ◆ Volatile
Latest (2023)
8.6%
Change on year
up 32.1%
Rank
9th
of 17 groups
All-time high
12.6%
in 2005
All-time low
1.2%
in 2012
Years of data
24
2000–2023
Debt service as a proportion of exports of goods, services and in Western Africa, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for debt service as a proportion of exports of goods, services and in Western Africa is 8.6%, measured in 2023.
Compared with earlier readings it is up 32.1% on the previous year and up 440.6% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Western Africa peaked at 12.6% in 2005 and was at its lowest, 1.2%, in 2012.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a proportion of exports of goods, services and in Western Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 9.9% | — |
| 2001 | 12.3% | +23.4% |
| 2002 | 8.1% | -33.9% |
| 2003 | 6.5% | -19.5% |
| 2004 | 5.6% | -15.0% |
| 2005 | 12.6% | +126.1% |
| 2006 | 9.1% | -27.8% |
| 2007 | 2.6% | -71.1% |
| 2008 | 2.5% | -6.3% |
| 2009 | 2.3% | -4.6% |
| 2010 | 1.3% | -42.8% |
| 2011 | 1.2% | -7.9% |
| 2012 | 1.2% | -0.4% |
| 2013 | 1.6% | +29.2% |
| 2014 | 1.9% | +22.5% |
| 2015 | 3.0% | +54.8% |
| 2016 | 4.6% | +53.7% |
| 2017 | 5.0% | +8.4% |
| 2018 | 5.4% | +7.3% |
| 2019 | 6.0% | +12.3% |
| 2020 | 7.5% | +23.8% |
| 2021 | 8.1% | +7.7% |
| 2022 | 6.5% | -19.4% |
| 2023 | 8.6% | +32.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.1% | 2.3% | 12.6% | 10 |
| 2010s | 3.1% | 1.2% | 6.0% | 10 |
| 2020s | 7.6% | 6.5% | 8.6% | 4 |
Countries ranked near Western Africa
- 6 Jamaica 21.7% compare
- 7 Senegal 19.4% compare
- 8 Guinea-Bissau 18.8% compare
- 9 Benin 18.5% compare
- 10 El Salvador 18.4% compare
- 11 Colombia 18.0% compare
- 12 Côte d'Ivoire 17.8% compare
- 12 Cote d'Ivoire 17.8% compare
More economy & growth data for Western Africa
- Gross Domestic Product, GDP in millions constant 2021 international $ 2.53 million (2027)
- Gross Fixed Capital Formation — Value US$, 2015 prices 155,725 million USD (2024)
- Gross Domestic Product — Value US$ 535,797 million USD (2024)
- Gross Domestic Product — Value US$ per capita 1,174 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 1,939 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 884,444 million USD (2024)
- Gross Domestic Product — Annual growth US$ -23.38 % (2024)
- Gross Domestic Product — Annual growth US$ per capita -25.09 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 4.28 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 5.14 % change on previous year (2024)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Western Africa?
- Debt service as a proportion of exports of goods, services and in Western Africa was 8.6% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Western Africa?
- The highest recorded value was 12.6% in 2005.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Western Africa?
- The lowest recorded value was 1.2% in 2012.
- How does Western Africa rank for debt service as a proportion of exports of goods, services and?
- Western Africa ranks 9th out of 17 groups with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Western Africa?
- Over the last ten years it is up 440.6%. 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 Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).