Gross Fixed Capital Formation — Share of GDP US$ in Western Africa
Western Africa: Gross Fixed Capital Formation — Share of GDP US$ was 25.75 % in 2024. ◆ Volatile
Gross Fixed Capital Formation — Share of GDP US$ in Western Africa, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
The most recent figure for gross fixed capital formation — share of gdp us$ in Western Africa is 25.75 %, measured in 2024.
Compared with earlier readings it is down 11.1% on the previous year and up 49.9% over ten years.
Over the whole period, gross fixed capital formation — share of gdp us$ in Western Africa peaked at 87.17 % in 1977 and was at its lowest, 16.41 %, in 2013.
Western Africa ranks 6th of 29 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Share of GDP US$ in Western Africa, year by year
| Year | % | Change |
|---|---|---|
| 1970 | 60.93 % | — |
| 1971 | 62.11 % | +1.9% |
| 1972 | 65.43 % | +5.3% |
| 1973 | 62.31 % | -4.8% |
| 1974 | 49.99 % | -19.8% |
| 1975 | 63.64 % | +27.3% |
| 1976 | 83.98 % | +32.0% |
| 1977 | 87.17 % | +3.8% |
| 1978 | 81.22 % | -6.8% |
| 1979 | 69.67 % | -14.2% |
| 1980 | 68.96 % | -1.0% |
| 1981 | 79.35 % | +15.1% |
| 1982 | 76.41 % | -3.7% |
| 1983 | 67.73 % | -11.4% |
| 1984 | 52.98 % | -21.8% |
| 1985 | 41.87 % | -21.0% |
| 1986 | 44.06 % | +5.2% |
| 1987 | 34.91 % | -20.8% |
| 1988 | 31.66 % | -9.3% |
| 1989 | 34.99 % | +10.5% |
| 1990 | 34.5 % | -1.4% |
| 1991 | 31.77 % | -7.9% |
| 1992 | 28.58 % | -10.0% |
| 1993 | 31.57 % | +10.4% |
| 1994 | 31.6 % | +0.1% |
| 1995 | 28.36 % | -10.3% |
| 1996 | 27.74 % | -2.2% |
| 1997 | 29.51 % | +6.4% |
| 1998 | 30.48 % | +3.3% |
| 1999 | 29.16 % | -4.3% |
| 2000 | 28.21 % | -3.3% |
| 2001 | 26.13 % | -7.4% |
| 2002 | 23.89 % | -8.6% |
| 2003 | 25.1 % | +5.1% |
| 2004 | 24.77 % | -1.3% |
| 2005 | 24.55 % | -0.9% |
| 2006 | 25.93 % | +5.6% |
| 2007 | 20.87 % | -19.5% |
| 2008 | 20.08 % | -3.8% |
| 2009 | 21.32 % | +6.2% |
| 2010 | 17.6 % | -17.5% |
| 2011 | 17.06 % | -3.0% |
| 2012 | 16.76 % | -1.8% |
| 2013 | 16.41 % | -2.1% |
| 2014 | 17.18 % | +4.7% |
| 2015 | 17.3 % | +0.7% |
| 2016 | 17.95 % | +3.7% |
| 2017 | 17.26 % | -3.8% |
| 2018 | 20.32 % | +17.7% |
| 2019 | 23.61 % | +16.2% |
| 2020 | 25.68 % | +8.8% |
| 2021 | 28.32 % | +10.3% |
| 2022 | 28.53 % | +0.8% |
| 2023 | 28.97 % | +1.5% |
| 2024 | 25.75 % | -11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 68.65 % | 49.99 % | 87.17 % | 10 |
| 1980s | 53.29 % | 31.66 % | 79.35 % | 10 |
| 1990s | 30.33 % | 27.74 % | 34.5 % | 10 |
| 2000s | 24.08 % | 20.08 % | 28.21 % | 10 |
| 2010s | 18.14 % | 16.41 % | 23.61 % | 10 |
| 2020s | 27.45 % | 25.68 % | 28.97 % | 5 |
Countries ranked near Western Africa
- 3 Democratic Republic of the Congo 33.06 % compare
- 3 Grenada 44.2 % compare
- 4 China, mainland 40.83 % compare
- 4 Côte d'Ivoire 26.95 % compare
- 4 Türkiye 31 % compare
- 5 Benin 40.71 % compare
- 5 Viet Nam 29.44 % compare
- 6 Micronesia (Federated States of) 28.71 % compare
- 6 Suriname 40.7 % compare
- 7 Uzbekistan 39.77 % compare
- 7 Micronesia 26.96 % compare
- 8 Dominica 39.75 % compare
- 8 Iran (Islamic Republic of) 26.74 % compare
- 9 Yemen Dem 39.48 % 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$, 2015 prices 4.28 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 17.61 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 5.14 % (2024)
Frequently asked questions
- What is gross fixed capital formation — share of gdp us$ in Western Africa?
- Gross fixed capital formation — share of gdp us$ in Western Africa was 25.75 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — share of gdp us$ recorded in Western Africa?
- The highest recorded value was 87.17 % in 1977.
- What is the lowest gross fixed capital formation — share of gdp us$ recorded in Western Africa?
- The lowest recorded value was 16.41 % in 2013.
- How does Western Africa rank for gross fixed capital formation — share of gdp us$?
- Western Africa ranks 6th out of 29 groups with data for 2024.
- Is gross fixed capital formation — share of gdp us$ rising or falling in Western Africa?
- Over the last ten years it is up 49.9%. 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 Fixed Capital Formation — Share of GDP 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).