Foreign direct investment, net inflows, as a proportion of GDP in Western Africa
Western Africa: Foreign direct investment, net inflows, as a proportion of GDP was 2.3% in 2024. ▼ Falling
Foreign direct investment, net inflows, as a proportion of GDP in Western Africa, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, foreign direct investment, net inflows, as a proportion of gdp in Western Africa stood at 2.3%.
That represents a change of up 16.9% on the previous year and up 45.6% over ten years.
Over the whole period, foreign direct investment, net inflows, as a proportion of gdp in Western Africa peaked at 3.4% in 2011 and was at its lowest, 1.0%, in 2020.
That places Western Africa 16th out of 37 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Foreign direct investment, net inflows, as a proportion of GDP in Western Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.6% | — |
| 2001 | 1.6% | -0.1% |
| 2002 | 1.6% | -2.0% |
| 2003 | 1.8% | +14.3% |
| 2004 | 1.6% | -14.4% |
| 2005 | 2.8% | +77.4% |
| 2006 | 2.1% | -23.8% |
| 2007 | 2.4% | +16.6% |
| 2008 | 2.9% | +17.1% |
| 2009 | 3.1% | +8.4% |
| 2010 | 2.6% | -17.0% |
| 2011 | 3.4% | +33.2% |
| 2012 | 2.8% | -17.5% |
| 2013 | 2.1% | -26.4% |
| 2014 | 1.5% | -25.8% |
| 2015 | 1.4% | -7.9% |
| 2016 | 1.9% | +33.2% |
| 2017 | 1.7% | -8.9% |
| 2018 | 1.2% | -30.8% |
| 2019 | 1.1% | -9.7% |
| 2020 | 1.0% | -3.5% |
| 2021 | 1.4% | +35.9% |
| 2022 | 1.2% | -18.1% |
| 2023 | 1.9% | +65.9% |
| 2024 | 2.3% | +16.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.1% | 1.6% | 3.1% | 10 |
| 2010s | 2.0% | 1.1% | 3.4% | 10 |
| 2020s | 1.6% | 1.0% | 2.3% | 5 |
Countries ranked near Western Africa
- 13 Mongolia 11.7% compare
- 14 Oman 11.6% compare
- 15 Timor-Leste 11.6% compare
- 15 Timor-Leste 11.6% compare
- 17 Maldives 11.4% compare
- 18 Antigua and Barbuda 11.1% compare
- 19 Seychelles 10.4% compare
More economy & growth data for Western Africa
- Gross Domestic Product, GDP in millions constant 2021 international $ 2.53 million (2027)
- Gross Domestic Product — Value US$ 535,797 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita -25.09 % (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$, 2015 prices 4.28 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -31.89 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 17.61 % (2024)
Frequently asked questions
- What is foreign direct investment, net inflows, as a proportion of gdp in Western Africa?
- Foreign direct investment, net inflows, as a proportion of gdp in Western Africa was 2.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest foreign direct investment, net inflows, as a proportion of gdp recorded in Western Africa?
- The highest recorded value was 3.4% in 2011.
- What is the lowest foreign direct investment, net inflows, as a proportion of gdp recorded in Western Africa?
- The lowest recorded value was 1.0% in 2020.
- How does Western Africa rank for foreign direct investment, net inflows, as a proportion of gdp?
- Western Africa ranks 16th out of 37 groups with data for 2024.
- Is foreign direct investment, net inflows, as a proportion of gdp rising or falling in Western Africa?
- Over the last ten years it is up 45.6%. The long-run trend across the full record is falling.
- 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, net inflows, as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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