Total FDI inflows — Value US$, 2015 prices in Western Africa
Western Africa: Total FDI inflows — Value US$, 2015 prices was 12,497 million USD in 2023. ▲ Rising
Total FDI inflows — Value US$, 2015 prices in Western Africa, 1990–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Western Africa recorded 12,497 million USD for total fdi inflows — value us$, 2015 prices in 2023.
That represents a change of up 4.4% on the previous year and up 1.8% over ten years.
Over the whole period, total fdi inflows — value us$, 2015 prices in Western Africa peaked at 18,045 million USD in 2011 and was at its lowest, 3,225 million USD, in 1991.
That places Western Africa 23rd out of 30 groups with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Total FDI inflows — Value US$, 2015 prices in Western Africa, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 3,289 million USD | — |
| 1991 | 3,225 million USD | -1.9% |
| 1992 | 3,847 million USD | +19.3% |
| 1993 | 5,535 million USD | +43.9% |
| 1994 | 7,938 million USD | +43.4% |
| 1995 | 4,672 million USD | -41.1% |
| 1996 | 7,204 million USD | +54.2% |
| 1997 | 6,482 million USD | -10.0% |
| 1998 | 5,562 million USD | -14.2% |
| 1999 | 5,051 million USD | -9.2% |
| 2000 | 4,869 million USD | -3.6% |
| 2001 | 4,671 million USD | -4.1% |
| 2002 | 5,996 million USD | +28.4% |
| 2003 | 6,597 million USD | +10.0% |
| 2004 | 6,010 million USD | -8.9% |
| 2005 | 10,553 million USD | +75.6% |
| 2006 | 8,404 million USD | -20.4% |
| 2007 | 10,381 million USD | +23.5% |
| 2008 | 12,059 million USD | +16.2% |
| 2009 | 16,436 million USD | +36.3% |
| 2010 | 12,004 million USD | -27.0% |
| 2011 | 18,045 million USD | +50.3% |
| 2012 | 14,821 million USD | -17.9% |
| 2013 | 12,271 million USD | -17.2% |
| 2014 | 10,528 million USD | -14.2% |
| 2015 | 9,796 million USD | -6.9% |
| 2016 | 12,191 million USD | +24.4% |
| 2017 | 10,911 million USD | -10.5% |
| 2018 | 7,689 million USD | -29.5% |
| 2019 | 11,692 million USD | +52.0% |
| 2020 | 9,962 million USD | -14.8% |
| 2021 | 12,979 million USD | +30.3% |
| 2022 | 11,965 million USD | -7.8% |
| 2023 | 12,497 million USD | +4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5,280 million USD | 3,225 million USD | 7,938 million USD | 10 |
| 2000s | 8,597 million USD | 4,671 million USD | 16,436 million USD | 10 |
| 2010s | 11,995 million USD | 7,689 million USD | 18,045 million USD | 10 |
| 2020s | 11,851 million USD | 9,962 million USD | 12,979 million USD | 4 |
Countries ranked near Western Africa
More economy & growth data for Western Africa
- Gross Domestic Product — Value US$ per capita, 2015 prices 1,939 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$, 2015 prices 155,725 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 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$, 2015 prices 884,444 million USD (2024)
- Gross Domestic Product — Value US$ 535,797 million USD (2024)
Frequently asked questions
- What is total fdi inflows — value us$, 2015 prices in Western Africa?
- Total fdi inflows — value us$, 2015 prices in Western Africa was 12,497 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total fdi inflows — value us$, 2015 prices recorded in Western Africa?
- The highest recorded value was 18,045 million USD in 2011.
- What is the lowest total fdi inflows — value us$, 2015 prices recorded in Western Africa?
- The lowest recorded value was 3,225 million USD in 1991.
- How does Western Africa rank for total fdi inflows — value us$, 2015 prices?
- Western Africa ranks 23rd out of 30 groups with data for 2023.
- Is total fdi inflows — value us$, 2015 prices rising or falling in Western Africa?
- Over the last ten years it is up 1.8%. 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 Total FDI inflows — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
FDI is an investment which aims to acquire a lasting management influence (10 percent or more of the voting stock) in an enterprise operating in a foreign economy. FDI may be undertaken by individuals, as well as business entities. The foreign direct investor most often is aiming to gain access to natural resources, to markets, to labour supply, to technology, to ensure security of supplies or to control the quality of a certain product. FDI can be decomposed into two types of investments: mergers and acquisitions (MA) and greenfield investments. The latter type results in the creation of new entities and the setting up of offices, buildings, plants or factories from scratch in a foreign economy. FDI is the sum of equity capital, reinvested earnings and other FDI capital. Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery. Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Other FDI capital (loans) includes the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. FDI inflows and outflows are important for tracking the direct investment conditions each year. Outward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions from the reporting economy during a year. It represents transactions affecting the investment in enterprises resident abroad. Whereas, Inward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions received by the reporting economy during a year. It represents transactions affecting the investment in enterprises of a specific industry resident in the reporting economy.