Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth in Western Africa
Western Africa: Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth was 5.14 % change on previous year in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth in Western Africa, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross fixed capital formation — value us$, 2015 prices, annual growth in Western Africa stood at 5.14 % change on previous year.
The figure is up 46.9% on the previous year and down 54.6% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices, annual growth in Western Africa peaked at 34.06 % change on previous year in 1976 and was at its lowest, -27.56 % change on previous year, in 1984.
Western Africa ranks 7th of 30 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth in Western Africa, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 7.86 % change on previous year | — |
| 1972 | 3.65 % change on previous year | -53.5% |
| 1973 | 17.9 % change on previous year | +390.2% |
| 1974 | -12.79 % change on previous year | -171.5% |
| 1975 | 25.78 % change on previous year | -301.5% |
| 1976 | 34.06 % change on previous year | +32.1% |
| 1977 | 18.85 % change on previous year | -44.7% |
| 1978 | -2.16 % change on previous year | -111.5% |
| 1979 | -10.86 % change on previous year | +402.7% |
| 1980 | 4.7 % change on previous year | -143.3% |
| 1981 | 11.64 % change on previous year | +147.5% |
| 1982 | -17.4 % change on previous year | -249.4% |
| 1983 | -19.88 % change on previous year | +14.3% |
| 1984 | -27.56 % change on previous year | +38.6% |
| 1985 | -11.72 % change on previous year | -57.5% |
| 1986 | 0.5411 % change on previous year | -104.6% |
| 1987 | -5.24 % change on previous year | -1067.6% |
| 1988 | 6.09 % change on previous year | -216.3% |
| 1989 | 7.2 % change on previous year | +18.2% |
| 1990 | 10.96 % change on previous year | +52.2% |
| 1991 | 0.643 % change on previous year | -94.1% |
| 1992 | -1.66 % change on previous year | -357.6% |
| 1993 | 5.67 % change on previous year | -442.4% |
| 1994 | 0.6417 % change on previous year | -88.7% |
| 1995 | -4.99 % change on previous year | -877.9% |
| 1996 | 8.95 % change on previous year | -279.2% |
| 1997 | 5.08 % change on previous year | -43.3% |
| 1998 | 1.78 % change on previous year | -64.9% |
| 1999 | -0.6181 % change on previous year | -134.7% |
| 2000 | 13.97 % change on previous year | -2359.6% |
| 2001 | -17.49 % change on previous year | -225.2% |
| 2002 | 2.35 % change on previous year | -113.4% |
| 2003 | 20.59 % change on previous year | +776.2% |
| 2004 | -11.5 % change on previous year | -155.8% |
| 2005 | 3.25 % change on previous year | -128.2% |
| 2006 | 32.07 % change on previous year | +888.3% |
| 2007 | -11.67 % change on previous year | -136.4% |
| 2008 | 1.21 % change on previous year | -110.4% |
| 2009 | 1.42 % change on previous year | +17.6% |
| 2010 | 1.72 % change on previous year | +21.2% |
| 2011 | -1.57 % change on previous year | -191.0% |
| 2012 | 9.29 % change on previous year | -692.6% |
| 2013 | 3.89 % change on previous year | -58.2% |
| 2014 | 11.31 % change on previous year | +191.2% |
| 2015 | 3.5 % change on previous year | -69.1% |
| 2016 | 0.9684 % change on previous year | -72.3% |
| 2017 | -1.8 % change on previous year | -286.0% |
| 2018 | 9.63 % change on previous year | -634.6% |
| 2019 | 6 % change on previous year | -37.7% |
| 2020 | -3.22 % change on previous year | -153.6% |
| 2021 | 2.79 % change on previous year | -186.7% |
| 2022 | 4.33 % change on previous year | +55.1% |
| 2023 | 3.5 % change on previous year | -19.2% |
| 2024 | 5.14 % change on previous year | +46.9% |
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth in Western Africa changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +2359.6% | -0.6181 % change on previous year | 13.97 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.14 % change on previous year | -12.79 % change on previous year | 34.06 % change on previous year | 9 |
| 1980s | -5.16 % change on previous year | -27.56 % change on previous year | 11.64 % change on previous year | 10 |
| 1990s | 2.65 % change on previous year | -4.99 % change on previous year | 10.96 % change on previous year | 10 |
| 2000s | 3.42 % change on previous year | -17.49 % change on previous year | 32.07 % change on previous year | 10 |
| 2010s | 4.29 % change on previous year | -1.8 % change on previous year | 11.31 % change on previous year | 10 |
| 2020s | 2.51 % change on previous year | -3.22 % change on previous year | 5.14 % change on previous year | 5 |
Countries ranked near Western Africa
- 4 Iraq 26.64 % change on previous year compare
- 5 Central African Republic 22.96 % change on previous year compare
- 6 Sierra Leone 21.79 % change on previous year compare
- 7 Bahamas 20.66 % change on previous year compare
- 8 Mongolia 19.72 % change on previous year compare
- 9 Sri Lanka 19.4 % change on previous year compare
- 10 Democratic Republic of the Congo 18.78 % change on previous year 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$ 137,957 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$, 2015 prices 4.28 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 5.14 % (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices, annual growth in Western Africa?
- Gross fixed capital formation — value us$, 2015 prices, annual growth in Western Africa was 5.14 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, 2015 prices, annual growth recorded in Western Africa?
- The highest recorded value was 34.06 % change on previous year in 1976.
- What is the lowest gross fixed capital formation — value us$, 2015 prices, annual growth recorded in Western Africa?
- The lowest recorded value was -27.56 % change on previous year in 1984.
- How does Western Africa rank for gross fixed capital formation — value us$, 2015 prices, annual growth?
- Western Africa ranks 7th out of 30 groups with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices, annual growth rising or falling in Western Africa?
- Over the last ten years it is down 54.6%. The long-run trend across the full record is volatile.
- Where does this Western Africa data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross Fixed Capital Formation — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Fixed Capital Formation — Value US$, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Fixed Capital Formation — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.