Total FDI outflows — Value US$ in Western Africa
Western Africa: Total FDI outflows — Value US$ was 755 million USD in 2023. ◆ Volatile
Total FDI outflows — Value US$ in Western Africa, 1990–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, total fdi outflows — value us$ in Western Africa stood at 755 million USD.
The figure is down 76.8% on the previous year and down 56.5% over ten years.
Over the whole period, total fdi outflows — value us$ in Western Africa peaked at 3,532 million USD in 2012 and was at its lowest, -540.11 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$ in Western Africa, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 411.5 million USD | — |
| 1991 | 762.43 million USD | +85.3% |
| 1992 | 414.69 million USD | -45.6% |
| 1993 | 593.82 million USD | +43.2% |
| 1994 | 447.03 million USD | -24.7% |
| 1995 | 189.22 million USD | -57.7% |
| 1996 | 612.7 million USD | +223.8% |
| 1997 | 661.55 million USD | +8.0% |
| 1998 | -540.11 million USD | -181.6% |
| 1999 | 673.34 million USD | -224.7% |
| 2000 | 964.95 million USD | +43.3% |
| 2001 | -186.91 million USD | -119.4% |
| 2002 | 610.02 million USD | -426.4% |
| 2003 | 373.71 million USD | -38.7% |
| 2004 | 533.35 million USD | +42.7% |
| 2005 | 602.68 million USD | +13.0% |
| 2006 | 664.38 million USD | +10.2% |
| 2007 | 1,269 million USD | +91.0% |
| 2008 | 1,645 million USD | +29.6% |
| 2009 | 2,115 million USD | +28.5% |
| 2010 | 2,454 million USD | +16.0% |
| 2011 | 1,868 million USD | -23.9% |
| 2012 | 3,532 million USD | +89.1% |
| 2013 | 1,737 million USD | -50.8% |
| 2014 | 2,194 million USD | +26.3% |
| 2015 | 2,245 million USD | +2.3% |
| 2016 | 1,245 million USD | -44.6% |
| 2017 | 1,213 million USD | -2.6% |
| 2018 | 1,105 million USD | -8.9% |
| 2019 | 1,269 million USD | +14.8% |
| 2020 | 2,116 million USD | +66.7% |
| 2021 | 2,469 million USD | +16.7% |
| 2022 | 3,249 million USD | +31.6% |
| 2023 | 755 million USD | -76.8% |
Biggest year-on-year movements
Years where Total FDI outflows — Value US$ in Western Africa changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | +426.4% | -186.91 million USD | 610.02 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 422.62 million USD | -540.11 million USD | 762.43 million USD | 10 |
| 2000s | 859.1 million USD | -186.91 million USD | 2,115 million USD | 10 |
| 2010s | 1,886 million USD | 1,105 million USD | 3,532 million USD | 10 |
| 2020s | 2,147 million USD | 755 million USD | 3,249 million USD | 4 |
Countries ranked near Western Africa
- 23 Belgium 12,072 million USD compare
- 24 Kuwait 11,189 million USD compare
- 25 Poland 10,403 million USD compare
- 26 Thailand 10,369 million USD compare
- 27 Israel 9,970 million USD compare
- 28 Australia 9,823 million USD compare
- 28 Côte d'Ivoire 214.91 million USD compare
- 29 Austria 9,594 million USD compare
- 29 Cabo Verde -7.49 million USD compare
More economy & growth data for Western Africa
- Gross Domestic Product, GDP in millions constant 2021 international $ 2.53 million (2027)
- Gross Domestic Product — Annual growth US$ -23.38 % (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 Fixed Capital Formation — Value US$ 137,957 million USD (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 — 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 total fdi outflows — value us$ in Western Africa?
- Total fdi outflows — value us$ in Western Africa was 755 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total fdi outflows — value us$ recorded in Western Africa?
- The highest recorded value was 3,532 million USD in 2012.
- What is the lowest total fdi outflows — value us$ recorded in Western Africa?
- The lowest recorded value was -540.11 million USD in 1998.
- How does Western Africa rank for total fdi outflows — value us$?
- Western Africa ranks 26th out of 30 groups with data for 2023.
- Is total fdi outflows — value us$ rising or falling in Western Africa?
- Over the last ten years it is down 56.5%. 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$. 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.