Gross National Income — Value US$ in Western Africa
Western Africa: Gross National Income — Value US$ was 655,822 million USD in 2023. ◆ Volatile
Gross National Income — Value US$ in Western Africa, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, gross national income — value us$ in Western Africa stood at 655,822 million USD.
The figure is down 8.9% on the previous year and down 4.1% over ten years.
Over the whole period, gross national income — value us$ in Western Africa peaked at 746,362 million USD in 2014 and was at its lowest, 40,444 million USD, in 1970.
That places Western Africa 23rd out of 29 groups with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value US$ in Western Africa, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 40,444 million USD | — |
| 1971 | 45,933 million USD | +13.6% |
| 1972 | 53,815 million USD | +17.2% |
| 1973 | 61,341 million USD | +14.0% |
| 1974 | 92,864 million USD | +51.4% |
| 1975 | 117,750 million USD | +26.8% |
| 1976 | 140,475 million USD | +19.3% |
| 1977 | 162,571 million USD | +15.7% |
| 1978 | 183,117 million USD | +12.6% |
| 1979 | 220,263 million USD | +20.3% |
| 1980 | 278,473 million USD | +26.4% |
| 1981 | 257,984 million USD | -7.4% |
| 1982 | 250,415 million USD | -2.9% |
| 1983 | 247,569 million USD | -1.1% |
| 1984 | 243,613 million USD | -1.6% |
| 1985 | 238,145 million USD | -2.2% |
| 1986 | 145,382 million USD | -39.0% |
| 1987 | 98,134 million USD | -32.5% |
| 1988 | 110,728 million USD | +12.8% |
| 1989 | 99,121 million USD | -10.5% |
| 1990 | 109,922 million USD | +10.9% |
| 1991 | 110,070 million USD | +0.1% |
| 1992 | 103,613 million USD | -5.9% |
| 1993 | 104,192 million USD | +0.6% |
| 1994 | 89,063 million USD | -14.5% |
| 1995 | 100,544 million USD | +12.9% |
| 1996 | 106,950 million USD | +6.4% |
| 1997 | 107,437 million USD | +0.5% |
| 1998 | 112,462 million USD | +4.7% |
| 1999 | 114,321 million USD | +1.7% |
| 2000 | 113,058 million USD | -1.1% |
| 2001 | 120,235 million USD | +6.3% |
| 2002 | 147,423 million USD | +22.6% |
| 2003 | 169,983 million USD | +15.3% |
| 2004 | 210,557 million USD | +23.9% |
| 2005 | 256,756 million USD | +21.9% |
| 2006 | 329,327 million USD | +28.3% |
| 2007 | 372,427 million USD | +13.1% |
| 2008 | 450,744 million USD | +21.0% |
| 2009 | 400,242 million USD | -11.2% |
| 2010 | 492,920 million USD | +23.2% |
| 2011 | 555,779 million USD | +12.8% |
| 2012 | 608,901 million USD | +9.6% |
| 2013 | 684,140 million USD | +12.4% |
| 2014 | 746,362 million USD | +9.1% |
| 2015 | 666,937 million USD | -10.6% |
| 2016 | 574,933 million USD | -13.8% |
| 2017 | 562,148 million USD | -2.2% |
| 2018 | 626,839 million USD | +11.5% |
| 2019 | 684,084 million USD | +9.1% |
| 2020 | 658,179 million USD | -3.8% |
| 2021 | 696,350 million USD | +5.8% |
| 2022 | 719,811 million USD | +3.4% |
| 2023 | 655,822 million USD | -8.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 111,857 million USD | 40,444 million USD | 220,263 million USD | 10 |
| 1980s | 196,956 million USD | 98,134 million USD | 278,473 million USD | 10 |
| 1990s | 105,857 million USD | 89,063 million USD | 114,321 million USD | 10 |
| 2000s | 257,075 million USD | 113,058 million USD | 450,744 million USD | 10 |
| 2010s | 620,304 million USD | 492,920 million USD | 746,362 million USD | 10 |
| 2020s | 682,540 million USD | 655,822 million USD | 719,811 million USD | 4 |
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 — Value US$, 2015 prices 155,725 million USD (2024)
- Gross Domestic Product — Annual growth US$, 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 Fixed Capital Formation — Annual growth US$ -31.89 % (2024)
Frequently asked questions
- What is gross national income — value us$ in Western Africa?
- Gross national income — value us$ in Western Africa was 655,822 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value us$ recorded in Western Africa?
- The highest recorded value was 746,362 million USD in 2014.
- What is the lowest gross national income — value us$ recorded in Western Africa?
- The lowest recorded value was 40,444 million USD in 1970.
- How does Western Africa rank for gross national income — value us$?
- Western Africa ranks 23rd out of 29 groups with data for 2023.
- Is gross national income — value us$ rising or falling in Western Africa?
- Over the last ten years it is down 4.1%. 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 National Income — 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).