Foreign direct investment (FDI) inflows in Western Africa
Western Africa: Foreign direct investment (FDI) inflows was 15,214 in 2024. ◆ Volatile
Latest (2024)
15,214
Change on year
down 6.8%
Rank
27th
of 36 groups
All-time high
18,885
in 2011
All-time low
1,367
in 1991
Years of data
35
1990–2024
Foreign direct investment (FDI) inflows in Western Africa, 1990–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, foreign direct investment (fdi) inflows in Western Africa stood at 15,214.
Compared with earlier readings it is down 6.8% on the previous year and up 27.1% over ten years.
Over the whole period, foreign direct investment (fdi) inflows in Western Africa peaked at 18,885 in 2011 and was at its lowest, 1,367, in 1991.
Western Africa ranks 27th of 36 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign direct investment (FDI) inflows in Western Africa, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 1,553 | — |
| 1991 | 1,367 | -12.0% |
| 1992 | 1,401 | +2.5% |
| 1993 | 2,122 | +51.4% |
| 1994 | 2,787 | +31.4% |
| 1995 | 1,861 | -33.2% |
| 1996 | 2,615 | +40.5% |
| 1997 | 2,718 | +3.9% |
| 1998 | 2,507 | -7.8% |
| 1999 | 2,338 | -6.7% |
| 2000 | 2,131 | -8.9% |
| 2001 | 2,075 | -2.6% |
| 2002 | 2,913 | +40.4% |
| 2003 | 3,343 | +14.7% |
| 2004 | 3,623 | +8.4% |
| 2005 | 7,096 | +95.8% |
| 2006 | 7,048 | -0.7% |
| 2007 | 9,528 | +35.2% |
| 2008 | 12,444 | +30.6% |
| 2009 | 14,599 | +17.3% |
| 2010 | 11,865 | -18.7% |
| 2011 | 18,885 | +59.2% |
| 2012 | 16,239 | -14.0% |
| 2013 | 14,217 | -12.5% |
| 2014 | 11,966 | -15.8% |
| 2015 | 9,757 | -18.5% |
| 2016 | 11,535 | +18.2% |
| 2017 | 10,367 | -10.1% |
| 2018 | 8,035 | -22.5% |
| 2019 | 11,645 | +44.9% |
| 2020 | 9,885 | -15.1% |
| 2021 | 13,629 | +37.9% |
| 2022 | 13,029 | -4.4% |
| 2023 | 16,330 | +25.3% |
| 2024 | 15,214 | -6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,127 | 1,367 | 2,787 | 10 |
| 2000s | 6,480 | 2,075 | 14,599 | 10 |
| 2010s | 12,451 | 8,035 | 18,885 | 10 |
| 2020s | 13,617 | 9,885 | 16,330 | 5 |
Countries ranked near Western Africa
- 24 Saudi Arabia 15,738 compare
- 25 Republic of Korea 15,226 compare
- 25 South Korea 15,226 compare
- 27 Colombia 14,234 compare
- 28 Portugal 14,059 compare
- 29 Japan 13,357 compare
- 30 Poland 12,740 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 foreign direct investment (fdi) inflows in Western Africa?
- Foreign direct investment (fdi) inflows in Western Africa was 15,214 in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest foreign direct investment (fdi) inflows recorded in Western Africa?
- The highest recorded value was 18,885 in 2011.
- What is the lowest foreign direct investment (fdi) inflows recorded in Western Africa?
- The lowest recorded value was 1,367 in 1991.
- How does Western Africa rank for foreign direct investment (fdi) inflows?
- Western Africa ranks 27th out of 36 groups with data for 2024.
- Is foreign direct investment (fdi) inflows rising or falling in Western Africa?
- Over the last ten years it is up 27.1%. 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 Foreign direct investment (FDI) inflows (millions of United States dollars). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under UN SDG Global Database (open, attribution requested).