Gross Domestic Product — Value US$ in Western Africa
Western Africa: Gross Domestic Product — Value US$ was 535,797 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Western Africa, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Western Africa recorded 535,797 million USD for gross domestic product — value us$ in 2024.
Compared with earlier readings it is down 23.4% on the previous year and down 31.5% over ten years.
Over the whole period, gross domestic product — value us$ in Western Africa peaked at 782,202 million USD in 2014 and was at its lowest, 41,364 million USD, in 1970.
Western Africa ranks 25th of 29 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Western Africa, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 41,364 million USD | — |
| 1971 | 46,955 million USD | +13.5% |
| 1972 | 55,061 million USD | +17.3% |
| 1973 | 62,754 million USD | +14.0% |
| 1974 | 94,720 million USD | +50.9% |
| 1975 | 118,534 million USD | +25.1% |
| 1976 | 141,467 million USD | +19.3% |
| 1977 | 164,116 million USD | +16.0% |
| 1978 | 185,153 million USD | +12.8% |
| 1979 | 222,862 million USD | +20.4% |
| 1980 | 283,047 million USD | +27.0% |
| 1981 | 262,282 million USD | -7.3% |
| 1982 | 256,598 million USD | -2.2% |
| 1983 | 252,499 million USD | -1.6% |
| 1984 | 249,835 million USD | -1.1% |
| 1985 | 245,101 million USD | -1.9% |
| 1986 | 154,518 million USD | -37.0% |
| 1987 | 107,422 million USD | -30.5% |
| 1988 | 119,727 million USD | +11.5% |
| 1989 | 106,417 million USD | -11.1% |
| 1990 | 118,372 million USD | +11.2% |
| 1991 | 118,047 million USD | -0.3% |
| 1992 | 112,853 million USD | -4.4% |
| 1993 | 112,538 million USD | -0.3% |
| 1994 | 94,563 million USD | -16.0% |
| 1995 | 105,288 million USD | +11.3% |
| 1996 | 112,195 million USD | +6.6% |
| 1997 | 112,739 million USD | +0.5% |
| 1998 | 118,032 million USD | +4.7% |
| 1999 | 120,566 million USD | +2.1% |
| 2000 | 119,891 million USD | -0.6% |
| 2001 | 127,105 million USD | +6.0% |
| 2002 | 154,133 million USD | +21.3% |
| 2003 | 176,713 million USD | +14.6% |
| 2004 | 217,350 million USD | +23.0% |
| 2005 | 265,283 million USD | +22.1% |
| 2006 | 334,947 million USD | +26.3% |
| 2007 | 393,723 million USD | +17.5% |
| 2008 | 477,218 million USD | +21.2% |
| 2009 | 427,532 million USD | -10.4% |
| 2010 | 523,177 million USD | +22.4% |
| 2011 | 589,892 million USD | +12.8% |
| 2012 | 645,473 million USD | +9.4% |
| 2013 | 723,862 million USD | +12.1% |
| 2014 | 782,202 million USD | +8.1% |
| 2015 | 691,658 million USD | -11.6% |
| 2016 | 610,955 million USD | -11.7% |
| 2017 | 599,790 million USD | -1.8% |
| 2018 | 672,000 million USD | +12.0% |
| 2019 | 730,709 million USD | +8.7% |
| 2020 | 697,136 million USD | -4.6% |
| 2021 | 741,275 million USD | +6.3% |
| 2022 | 772,705 million USD | +4.2% |
| 2023 | 699,251 million USD | -9.5% |
| 2024 | 535,797 million USD | -23.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 113,299 million USD | 41,364 million USD | 222,862 million USD | 10 |
| 1980s | 203,745 million USD | 106,417 million USD | 283,047 million USD | 10 |
| 1990s | 112,519 million USD | 94,563 million USD | 120,566 million USD | 10 |
| 2000s | 269,390 million USD | 119,891 million USD | 477,218 million USD | 10 |
| 2010s | 656,972 million USD | 523,177 million USD | 782,202 million USD | 10 |
| 2020s | 689,233 million USD | 535,797 million USD | 772,705 million USD | 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$, 2015 prices 884,444 million USD (2024)
- Gross Domestic Product — Value US$ per capita 1,174 USD (2024)
Frequently asked questions
- What is gross domestic product — value us$ in Western Africa?
- Gross domestic product — value us$ in Western Africa was 535,797 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Western Africa?
- The highest recorded value was 782,202 million USD in 2014.
- What is the lowest gross domestic product — value us$ recorded in Western Africa?
- The lowest recorded value was 41,364 million USD in 1970.
- How does Western Africa rank for gross domestic product — value us$?
- Western Africa ranks 25th out of 29 groups with data for 2024.
- Is gross domestic product — value us$ rising or falling in Western Africa?
- Over the last ten years it is down 31.5%. The long-run trend across the full record is volatile.
- Where does this Western Africa data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).