Gross Fixed Capital Formation — Value US$, 2015 prices in Western Africa
Western Africa: Gross Fixed Capital Formation — Value US$, 2015 prices was 155,725 million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices in Western Africa, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices in Western Africa is 155,725 million USD, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 5.1% on the previous year and up 34.7% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Western Africa peaked at 155,725 million USD in 2024 and was at its lowest, 49,232 million USD, in 1987.
That places Western Africa 24th out of 29 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices in Western Africa, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 51,990 million USD | — |
| 1971 | 56,076 million USD | +7.9% |
| 1972 | 58,123 million USD | +3.7% |
| 1973 | 68,526 million USD | +17.9% |
| 1974 | 59,760 million USD | -12.8% |
| 1975 | 75,165 million USD | +25.8% |
| 1976 | 100,765 million USD | +34.1% |
| 1977 | 119,756 million USD | +18.8% |
| 1978 | 117,168 million USD | -2.2% |
| 1979 | 104,440 million USD | -10.9% |
| 1980 | 109,353 million USD | +4.7% |
| 1981 | 122,087 million USD | +11.6% |
| 1982 | 100,848 million USD | -17.4% |
| 1983 | 80,800 million USD | -19.9% |
| 1984 | 58,535 million USD | -27.6% |
| 1985 | 51,673 million USD | -11.7% |
| 1986 | 51,952 million USD | +0.5% |
| 1987 | 49,232 million USD | -5.2% |
| 1988 | 52,230 million USD | +6.1% |
| 1989 | 55,992 million USD | +7.2% |
| 1990 | 62,130 million USD | +11.0% |
| 1991 | 62,530 million USD | +0.6% |
| 1992 | 61,494 million USD | -1.7% |
| 1993 | 64,981 million USD | +5.7% |
| 1994 | 65,398 million USD | +0.6% |
| 1995 | 62,134 million USD | -5.0% |
| 1996 | 67,693 million USD | +8.9% |
| 1997 | 71,129 million USD | +5.1% |
| 1998 | 72,398 million USD | +1.8% |
| 1999 | 71,950 million USD | -0.6% |
| 2000 | 82,000 million USD | +14.0% |
| 2001 | 67,659 million USD | -17.5% |
| 2002 | 69,249 million USD | +2.4% |
| 2003 | 83,508 million USD | +20.6% |
| 2004 | 73,908 million USD | -11.5% |
| 2005 | 76,306 million USD | +3.2% |
| 2006 | 100,780 million USD | +32.1% |
| 2007 | 89,020 million USD | -11.7% |
| 2008 | 90,096 million USD | +1.2% |
| 2009 | 91,377 million USD | +1.4% |
| 2010 | 92,952 million USD | +1.7% |
| 2011 | 91,494 million USD | -1.6% |
| 2012 | 99,997 million USD | +9.3% |
| 2013 | 103,882 million USD | +3.9% |
| 2014 | 115,634 million USD | +11.3% |
| 2015 | 119,677 million USD | +3.5% |
| 2016 | 120,836 million USD | +1.0% |
| 2017 | 118,659 million USD | -1.8% |
| 2018 | 130,087 million USD | +9.6% |
| 2019 | 137,888 million USD | +6.0% |
| 2020 | 133,452 million USD | -3.2% |
| 2021 | 137,176 million USD | +2.8% |
| 2022 | 143,115 million USD | +4.3% |
| 2023 | 148,119 million USD | +3.5% |
| 2024 | 155,725 million USD | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 81,177 million USD | 51,990 million USD | 119,756 million USD | 10 |
| 1980s | 73,270 million USD | 49,232 million USD | 122,087 million USD | 10 |
| 1990s | 66,184 million USD | 61,494 million USD | 72,398 million USD | 10 |
| 2000s | 82,390 million USD | 67,659 million USD | 100,780 million USD | 10 |
| 2010s | 113,111 million USD | 91,494 million USD | 137,888 million USD | 10 |
| 2020s | 143,517 million USD | 133,452 million USD | 155,725 million USD | 5 |
Countries ranked near Western Africa
More economy & growth data for Western Africa
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 88.59 USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.95 % (2024)
- Gross Fixed Capital Formation — Value US$ 137,957 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 25.75 % (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, 2015 prices 1,939 USD (2024)
- Gross Domestic Product — Value US$ 535,797 million USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Western Africa?
- Gross fixed capital formation — value us$, 2015 prices in Western Africa was 155,725 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Western Africa?
- The highest recorded value was 155,725 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Western Africa?
- The lowest recorded value was 49,232 million USD in 1987.
- How does Western Africa rank for gross fixed capital formation — value us$, 2015 prices?
- Western Africa ranks 24th out of 29 groups with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Western Africa?
- Over the last ten years it is up 34.7%. The long-run trend across the full record is rising.
- 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 — Value US$, 2015 prices. 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).