Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in Lower-middle income countries (World Bank)
Lower-middle income countries (World Bank): Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition was 19.04 Percentage of GDP in 2029. ▼ Falling
Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in Lower-middle income countries (World Bank), 2000–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Lower-middle income countries (World Bank) recorded 19.04 Percentage of GDP for africa's development dynamics (afdd) table 15 - growth decomposition in 2029.
Compared with earlier readings it is down 2.6% on the previous year and down 7.8% over ten years.
Over the whole period, africa's development dynamics (afdd) table 15 - growth decomposition in Lower-middle income countries (World Bank) peaked at 27.34 Percentage of GDP in 2008 and was at its lowest, 18.56 Percentage of GDP, in 2020.
That places Lower-middle income countries (World Bank) 30th out of 36 regions with data for 2029, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in Lower-middle income countries (World Bank), year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 21.71 Percentage of GDP | — |
| 2001 | 20.49 Percentage of GDP | -5.6% |
| 2002 | 21.19 Percentage of GDP | +3.4% |
| 2003 | 22.35 Percentage of GDP | +5.5% |
| 2004 | 24.61 Percentage of GDP | +10.1% |
| 2005 | 26.22 Percentage of GDP | +6.6% |
| 2006 | 26.43 Percentage of GDP | +0.8% |
| 2007 | 25.84 Percentage of GDP | -2.2% |
| 2008 | 27.34 Percentage of GDP | +5.8% |
| 2009 | 22.88 Percentage of GDP | -16.3% |
| 2010 | 24.38 Percentage of GDP | +6.5% |
| 2011 | 25.85 Percentage of GDP | +6.0% |
| 2012 | 24.82 Percentage of GDP | -4.0% |
| 2013 | 24.78 Percentage of GDP | -0.2% |
| 2014 | 22.87 Percentage of GDP | -7.7% |
| 2015 | 20.14 Percentage of GDP | -12.0% |
| 2016 | 19.56 Percentage of GDP | -2.9% |
| 2017 | 20.53 Percentage of GDP | +5.0% |
| 2018 | 22.07 Percentage of GDP | +7.5% |
| 2019 | 20.67 Percentage of GDP | -6.4% |
| 2020 | 18.56 Percentage of GDP | -10.2% |
| 2021 | 20.69 Percentage of GDP | +11.5% |
| 2022 | 22.97 Percentage of GDP | +11.0% |
| 2023 | 21.87 Percentage of GDP | -4.8% |
| 2024 | 21.81 Percentage of GDP | -0.3% |
| 2025 | 21.37 Percentage of GDP | -2.0% |
| 2026 | 20.72 Percentage of GDP | -3.0% |
| 2027 | 20.1 Percentage of GDP | -3.0% |
| 2028 | 19.55 Percentage of GDP | -2.7% |
| 2029 | 19.04 Percentage of GDP | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.9 Percentage of GDP | 20.49 Percentage of GDP | 27.34 Percentage of GDP | 10 |
| 2010s | 22.57 Percentage of GDP | 19.56 Percentage of GDP | 25.85 Percentage of GDP | 10 |
| 2020s | 20.67 Percentage of GDP | 18.56 Percentage of GDP | 22.97 Percentage of GDP | 10 |
More reference data data for Lower-middle income countries (World Bank)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 22.88 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 7.45 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 30.97 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 9 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 15.74 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 20 - External financial 0.9346 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 1.44 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 0.6092 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 6.27 Percentage of GDP (2021)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 1.3 Percentage of GDP (2021)
Frequently asked questions
- What is africa's development dynamics (afdd) table 15 - growth decomposition in Lower-middle income countries (World Bank)?
- Africa's development dynamics (afdd) table 15 - growth decomposition in Lower-middle income countries (World Bank) was 19.04 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 Lower-middle income countries (World Bank)?
- The highest recorded value was 27.34 Percentage of GDP in 2008.
- What is the lowest africa's development dynamics (afdd) table 15 - growth decomposition recorded in Lower-middle income countries (World Bank)?
- The lowest recorded value was 18.56 Percentage of GDP in 2020.
- How does Lower-middle income countries (World Bank) rank for africa's development dynamics (afdd) table 15 - growth decomposition?
- Lower-middle income countries (World Bank) ranks 30th out of 36 regions with data for 2029.
- Is africa's development dynamics (afdd) table 15 - growth decomposition rising or falling in Lower-middle income countries (World Bank)?
- Over the last ten years it is down 7.8%. The long-run trend across the full record is falling.
- Where does this Lower-middle income countries (World Bank) 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 — Exports of goods and services. 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.