Gross Fixed Capital Formation — Value US$ (US Value) in Western Africa
Western Africa: Gross Fixed Capital Formation — Value US$ was 137,957 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ 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$ in Western Africa is 137,957 million USD, measured in 2024.
The figure is down 31.9% on the previous year and up 2.7% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Western Africa peaked at 220,474 million USD in 2022 and was at its lowest, 25,205 million USD, in 1970.
Western Africa ranks 28th of 30 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 Fixed Capital Formation — Value US$ in Western Africa, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 25,205 million USD | — |
| 1971 | 29,165 million USD | +15.7% |
| 1972 | 36,028 million USD | +23.5% |
| 1973 | 39,104 million USD | +8.5% |
| 1974 | 47,349 million USD | +21.1% |
| 1975 | 75,430 million USD | +59.3% |
| 1976 | 118,803 million USD | +57.5% |
| 1977 | 143,054 million USD | +20.4% |
| 1978 | 150,375 million USD | +5.1% |
| 1979 | 155,272 million USD | +3.3% |
| 1980 | 195,191 million USD | +25.7% |
| 1981 | 208,118 million USD | +6.6% |
| 1982 | 196,062 million USD | -5.8% |
| 1983 | 171,010 million USD | -12.8% |
| 1984 | 132,370 million USD | -22.6% |
| 1985 | 102,634 million USD | -22.5% |
| 1986 | 68,074 million USD | -33.7% |
| 1987 | 37,497 million USD | -44.9% |
| 1988 | 37,904 million USD | +1.1% |
| 1989 | 37,240 million USD | -1.7% |
| 1990 | 40,835 million USD | +9.7% |
| 1991 | 37,501 million USD | -8.2% |
| 1992 | 32,258 million USD | -14.0% |
| 1993 | 35,528 million USD | +10.1% |
| 1994 | 29,884 million USD | -15.9% |
| 1995 | 29,858 million USD | -0.1% |
| 1996 | 31,128 million USD | +4.3% |
| 1997 | 33,272 million USD | +6.9% |
| 1998 | 35,976 million USD | +8.1% |
| 1999 | 35,155 million USD | -2.3% |
| 2000 | 33,818 million USD | -3.8% |
| 2001 | 33,212 million USD | -1.8% |
| 2002 | 36,816 million USD | +10.9% |
| 2003 | 44,364 million USD | +20.5% |
| 2004 | 53,845 million USD | +21.4% |
| 2005 | 65,123 million USD | +20.9% |
| 2006 | 86,843 million USD | +33.4% |
| 2007 | 82,158 million USD | -5.4% |
| 2008 | 95,832 million USD | +16.6% |
| 2009 | 91,155 million USD | -4.9% |
| 2010 | 92,066 million USD | +1.0% |
| 2011 | 100,644 million USD | +9.3% |
| 2012 | 108,186 million USD | +7.5% |
| 2013 | 118,766 million USD | +9.8% |
| 2014 | 134,348 million USD | +13.1% |
| 2015 | 119,677 million USD | -10.9% |
| 2016 | 109,659 million USD | -8.4% |
| 2017 | 103,512 million USD | -5.6% |
| 2018 | 136,546 million USD | +31.9% |
| 2019 | 172,487 million USD | +26.3% |
| 2020 | 179,036 million USD | +3.8% |
| 2021 | 209,927 million USD | +17.3% |
| 2022 | 220,474 million USD | +5.0% |
| 2023 | 202,545 million USD | -8.1% |
| 2024 | 137,957 million USD | -31.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 81,978 million USD | 25,205 million USD | 155,272 million USD | 10 |
| 1980s | 118,610 million USD | 37,240 million USD | 208,118 million USD | 10 |
| 1990s | 34,140 million USD | 29,858 million USD | 40,835 million USD | 10 |
| 2000s | 62,317 million USD | 33,212 million USD | 95,832 million USD | 10 |
| 2010s | 119,589 million USD | 92,066 million USD | 172,487 million USD | 10 |
| 2020s | 189,988 million USD | 137,957 million USD | 220,474 million USD | 5 |
Countries ranked near Western Africa
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$, 2015 prices, annual growth 5.14 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate -26.52 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -35.22 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate -23.38 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 4.28 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate -31.89 % change on previous year (2024)
- Gross Domestic Product — Annual growth US$ per capita -25.09 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 884,444 million USD (2024)
- Gross Domestic Product — Annual growth US$ -23.38 % (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Western Africa?
- Gross fixed capital formation — value us$ in Western Africa was 137,957 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Western Africa?
- The highest recorded value was 220,474 million USD in 2022.
- What is the lowest gross fixed capital formation — value us$ recorded in Western Africa?
- The lowest recorded value was 25,205 million USD in 1970.
- How does Western Africa rank for gross fixed capital formation — value us$?
- Western Africa ranks 28th out of 30 groups with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Western Africa?
- Over the last ten years it is up 2.7%. 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 — 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).