Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in Economic Community of West African States (ECOWAS)
Economic Community of West African States (ECOWAS): Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition was 0.4418 Percentage of GDP in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in Economic Community of West African States (ECOWAS), 2000–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2029, africa's development dynamics (afdd) table 15 - growth decomposition in Economic Community of West African States (ECOWAS) stood at 0.4418 Percentage of GDP.
Compared with earlier readings it is down 4.2% on the previous year and down 41.2% over ten years.
Over the whole period, africa's development dynamics (afdd) table 15 - growth decomposition in Economic Community of West African States (ECOWAS) peaked at 0.9848 Percentage of GDP in 2012 and was at its lowest, -0.4648 Percentage of GDP, in 2002.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in Economic Community of West African States (ECOWAS), year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | -0.2756 Percentage of GDP | — |
| 2001 | 0.1724 Percentage of GDP | -162.6% |
| 2002 | -0.4648 Percentage of GDP | -369.6% |
| 2003 | 0.3333 Percentage of GDP | -171.7% |
| 2004 | 0.0664 Percentage of GDP | -80.1% |
| 2005 | 0.3049 Percentage of GDP | +359.3% |
| 2006 | -0.1235 Percentage of GDP | -140.5% |
| 2007 | 0.1541 Percentage of GDP | -224.8% |
| 2008 | 0.2787 Percentage of GDP | +80.8% |
| 2009 | 0.021 Percentage of GDP | -92.5% |
| 2010 | 0.8261 Percentage of GDP | +3829.3% |
| 2011 | 0.3394 Percentage of GDP | -58.9% |
| 2012 | 0.9848 Percentage of GDP | +190.1% |
| 2013 | 0.8413 Percentage of GDP | -14.6% |
| 2014 | 0.6957 Percentage of GDP | -17.3% |
| 2015 | 0.6444 Percentage of GDP | -7.4% |
| 2016 | 0.6821 Percentage of GDP | +5.9% |
| 2017 | 0.7439 Percentage of GDP | +9.1% |
| 2018 | 0.8143 Percentage of GDP | +9.5% |
| 2019 | 0.7509 Percentage of GDP | -7.8% |
| 2020 | 0.8169 Percentage of GDP | +8.8% |
| 2021 | 0.8439 Percentage of GDP | +3.3% |
| 2022 | 0.9021 Percentage of GDP | +6.9% |
| 2023 | 0.8998 Percentage of GDP | -0.3% |
| 2024 | 0.6899 Percentage of GDP | -23.3% |
| 2025 | 0.582 Percentage of GDP | -15.6% |
| 2026 | 0.4906 Percentage of GDP | -15.7% |
| 2027 | 0.4684 Percentage of GDP | -4.5% |
| 2028 | 0.461 Percentage of GDP | -1.6% |
| 2029 | 0.4418 Percentage of GDP | -4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0467 Percentage of GDP | -0.4648 Percentage of GDP | 0.3333 Percentage of GDP | 10 |
| 2010s | 0.7323 Percentage of GDP | 0.3394 Percentage of GDP | 0.9848 Percentage of GDP | 10 |
| 2020s | 0.6596 Percentage of GDP | 0.4418 Percentage of GDP | 0.9021 Percentage of GDP | 10 |
More reference data data for Economic Community of West African States (ECOWAS)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 21.91 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 7.76 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 20.05 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 11.33 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 13.42 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 20 - External financial 2.25 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 1.84 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0.039 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 8.96 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0.7964 Percentage of GDP (2021)
All data for Economic Community of West African States (ECOWAS) →
Frequently asked questions
- What is africa's development dynamics (afdd) table 15 - growth decomposition in Economic Community of West African States (ECOWAS)?
- Africa's development dynamics (afdd) table 15 - growth decomposition in Economic Community of West African States (ECOWAS) was 0.4418 Percentage of GDP in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 15 - growth decomposition recorded in Economic Community of West African States (ECOWAS)?
- The highest recorded value was 0.9848 Percentage of GDP in 2012.
- What is the lowest africa's development dynamics (afdd) table 15 - growth decomposition recorded in Economic Community of West African States (ECOWAS)?
- The lowest recorded value was -0.4648 Percentage of GDP in 2002.
- How does Economic Community of West African States (ECOWAS) rank for africa's development dynamics (afdd) table 15 - growth decomposition?
- Economic Community of West African States (ECOWAS) ranks 9th out of 16 groups with data for 2029.
- Is africa's development dynamics (afdd) table 15 - growth decomposition rising or falling in Economic Community of West African States (ECOWAS)?
- Over the last ten years it is down 41.2%. The long-run trend across the full record is volatile.
- Where does this Economic Community of West African States (ECOWAS) data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition by expenditure — Changes in inventories. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 15 shows growth decomposition by expenditure, including gross fixed capital formation, changes in inventories, foreign balances, and trade balance.