Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in Africa, upper-middle income countries (World Bank)

Africa, upper-middle income countries (World Bank): Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition was -1.63 Percentage of GDP in 2029. ◆ Volatile

Latest (2029)
-1.63 Percentage of GDP
Change on year
down 23.4%
Rank
16th
of 36 regions
All-time high
4.93 Percentage of GDP
in 2021
All-time low
-2.1 Percentage of GDP
in 2015
Years of data
30
2000–2029

Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in Africa, upper-middle income countries (World Bank), 2000–2029

-20242000201420292000: 4 Percentage of GDP2001: 4.5 Percentage of GDP2002: 3.9 Percentage of GDP2003: 3.4 Percentage of GDP2004: 1.9 Percentage of GDP2005: 2.8 Percentage of GDP2006: 1.5 Percentage of GDP2007: 1.8 Percentage of GDP2008: 0.715 Percentage of GDP2009: 1 Percentage of GDP2010: 2.1 Percentage of GDP2011: 1.9 Percentage of GDP2012: 0.151 Percentage of GDP2013: -1.1 Percentage of GDP2014: -0.753 Percentage of GDP2015: -2.1 Percentage of GDP2016: -0.185 Percentage of GDP2017: 0.987 Percentage of GDP2018: 0.817 Percentage of GDP2019: 0.336 Percentage of GDP2020: 2.9 Percentage of GDP2021: 4.9 Percentage of GDP2022: 2.6 Percentage of GDP2023: 0.435 Percentage of GDP2024: -0.065 Percentage of GDP2025: -0.381 Percentage of GDP2026: -0.661 Percentage of GDP2027: -0.888 Percentage of GDP2028: -1.3 Percentage of GDP2029: -1.6 Percentage of GDP

Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.

Analysis

Africa, upper-middle income countries (World Bank) recorded -1.63 Percentage of GDP for africa's development dynamics (afdd) table 15 - growth decomposition in 2029.

Compared with earlier readings it is down 23.4% on the previous year and down 584.3% over ten years.

Over the whole period, africa's development dynamics (afdd) table 15 - growth decomposition in Africa, upper-middle income countries (World Bank) peaked at 4.93 Percentage of GDP in 2021 and was at its lowest, -2.1 Percentage of GDP, in 2015.

That places Africa, upper-middle income countries (World Bank) 16th out of 36 regions with data for 2029, putting it in the middle of the range.

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 Africa, upper-middle income countries (World Bank), year by year

Annual values for Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition by expenditure — Foreign balance in Africa, upper-middle income countries (World Bank), 2000 to 2029.
Year Percentage of GDP Change
2000 3.97 Percentage of GDP
2001 4.47 Percentage of GDP +12.6%
2002 3.85 Percentage of GDP -13.9%
2003 3.38 Percentage of GDP -12.2%
2004 1.94 Percentage of GDP -42.7%
2005 2.76 Percentage of GDP +42.5%
2006 1.52 Percentage of GDP -45.0%
2007 1.8 Percentage of GDP +18.2%
2008 0.7153 Percentage of GDP -60.2%
2009 1.04 Percentage of GDP +45.0%
2010 2.08 Percentage of GDP +100.8%
2011 1.88 Percentage of GDP -9.5%
2012 0.1506 Percentage of GDP -92.0%
2013 -1.12 Percentage of GDP -844.8%
2014 -0.7533 Percentage of GDP -32.9%
2015 -2.1 Percentage of GDP +178.9%
2016 -0.1846 Percentage of GDP -91.2%
2017 0.9872 Percentage of GDP -634.9%
2018 0.8167 Percentage of GDP -17.3%
2019 0.3361 Percentage of GDP -58.9%
2020 2.95 Percentage of GDP +777.8%
2021 4.93 Percentage of GDP +67.2%
2022 2.64 Percentage of GDP -46.4%
2023 0.4348 Percentage of GDP -83.5%
2024 -0.0648 Percentage of GDP -114.9%
2025 -0.3813 Percentage of GDP +488.4%
2026 -0.6614 Percentage of GDP +73.5%
2027 -0.8885 Percentage of GDP +34.3%
2028 -1.32 Percentage of GDP +48.5%
2029 -1.63 Percentage of GDP +23.4%

Averages by decade

DecadeAverage LowestHighest Years
2000s 2.55 Percentage of GDP 0.7153 Percentage of GDP 4.47 Percentage of GDP 10
2010s 0.2097 Percentage of GDP -2.1 Percentage of GDP 2.08 Percentage of GDP 10
2020s 0.6015 Percentage of GDP -1.63 Percentage of GDP 4.93 Percentage of GDP 10

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Frequently asked questions

What is africa's development dynamics (afdd) table 15 - growth decomposition in Africa, upper-middle income countries (World Bank)?
Africa's development dynamics (afdd) table 15 - growth decomposition in Africa, upper-middle income countries (World Bank) was -1.63 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 Africa, upper-middle income countries (World Bank)?
The highest recorded value was 4.93 Percentage of GDP in 2021.
What is the lowest africa's development dynamics (afdd) table 15 - growth decomposition recorded in Africa, upper-middle income countries (World Bank)?
The lowest recorded value was -2.1 Percentage of GDP in 2015.
How does Africa, upper-middle income countries (World Bank) rank for africa's development dynamics (afdd) table 15 - growth decomposition?
Africa, upper-middle income countries (World Bank) ranks 16th out of 36 regions with data for 2029.
Is africa's development dynamics (afdd) table 15 - growth decomposition rising or falling in Africa, upper-middle income countries (World Bank)?
Over the last ten years it is down 584.3%. The long-run trend across the full record is volatile.
Where does this Africa, upper-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 — Foreign balance. Statizoid updates them automatically from the source API.

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Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in Africa, upper-middle income countries (World Bank). Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 29 August 2026, from https://reference.statizoid.com/stat/africa-s-development-dynamics-afdd-table-15-growth-decomposition-by-expenditure-foreign/africa-upper-middle-income-countries-world-bank/

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About this data

Indicator
Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition by expenditure — Foreign balance
Unit
Percentage of GDP
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
53 places, 1,590 data points, 2000–2029
Last refreshed

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.