Total FDI outflows — Value US$, 2015 prices in Western Africa
Western Africa: Total FDI outflows — Value US$, 2015 prices was 833.95 million USD in 2023. ◆ Volatile
Total FDI outflows — Value US$, 2015 prices in Western Africa, 1990–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for total fdi outflows — value us$, 2015 prices in Western Africa is 833.95 million USD, measured in 2023.
That represents a change of down 76.8% on the previous year and down 48.4% over ten years.
Over the whole period, total fdi outflows — value us$, 2015 prices in Western Africa peaked at 3,737 million USD in 2012 and was at its lowest, -573.77 million USD, in 1998.
Western Africa ranks 26th of 30 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total FDI outflows — Value US$, 2015 prices in Western Africa, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 1,036 million USD | — |
| 1991 | 1,570 million USD | +51.5% |
| 1992 | 978.42 million USD | -37.7% |
| 1993 | 1,557 million USD | +59.2% |
| 1994 | 1,188 million USD | -23.7% |
| 1995 | 591.05 million USD | -50.3% |
| 1996 | 1,830 million USD | +209.6% |
| 1997 | 1,097 million USD | -40.1% |
| 1998 | -573.77 million USD | -152.3% |
| 1999 | 1,193 million USD | -308.0% |
| 2000 | 1,884 million USD | +57.8% |
| 2001 | -300.84 million USD | -116.0% |
| 2002 | 1,184 million USD | -493.7% |
| 2003 | 708.91 million USD | -40.1% |
| 2004 | 878.14 million USD | +23.9% |
| 2005 | 853.72 million USD | -2.8% |
| 2006 | 847.65 million USD | -0.7% |
| 2007 | 1,578 million USD | +86.2% |
| 2008 | 1,773 million USD | +12.3% |
| 2009 | 2,619 million USD | +47.8% |
| 2010 | 3,160 million USD | +20.6% |
| 2011 | 1,596 million USD | -49.5% |
| 2012 | 3,737 million USD | +134.1% |
| 2013 | 1,615 million USD | -56.8% |
| 2014 | 1,850 million USD | +14.6% |
| 2015 | 2,245 million USD | +21.4% |
| 2016 | 1,307 million USD | -41.8% |
| 2017 | 1,302 million USD | -0.4% |
| 2018 | 1,174 million USD | -9.8% |
| 2019 | 1,243 million USD | +5.8% |
| 2020 | 2,313 million USD | +86.1% |
| 2021 | 2,774 million USD | +19.9% |
| 2022 | 3,588 million USD | +29.3% |
| 2023 | 833.95 million USD | -76.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,047 million USD | -573.77 million USD | 1,830 million USD | 10 |
| 2000s | 1,203 million USD | -300.84 million USD | 2,619 million USD | 10 |
| 2010s | 1,923 million USD | 1,174 million USD | 3,737 million USD | 10 |
| 2020s | 2,377 million USD | 833.95 million USD | 3,588 million USD | 4 |
Countries ranked near Western Africa
More economy & growth data for Western Africa
- Gross Domestic Product — Value US$, 2015 prices 884,444 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 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 Fixed Capital Formation — Share of GDP US$, 2015 prices 17.61 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.95 % (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$ 535,797 million USD (2024)
Frequently asked questions
- What is total fdi outflows — value us$, 2015 prices in Western Africa?
- Total fdi outflows — value us$, 2015 prices in Western Africa was 833.95 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total fdi outflows — value us$, 2015 prices recorded in Western Africa?
- The highest recorded value was 3,737 million USD in 2012.
- What is the lowest total fdi outflows — value us$, 2015 prices recorded in Western Africa?
- The lowest recorded value was -573.77 million USD in 1998.
- How does Western Africa rank for total fdi outflows — value us$, 2015 prices?
- Western Africa ranks 26th out of 30 groups with data for 2023.
- Is total fdi outflows — value us$, 2015 prices rising or falling in Western Africa?
- Over the last ten years it is down 48.4%. 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 Total FDI outflows — 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.