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 27.76 Percentage of GDP in 2029. ▲ Rising
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 27.76 Percentage of GDP. That is the highest value across all 30 years on record.
That represents a change of up 2.8% on the previous year and up 17.9% 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 27.76 Percentage of GDP in 2029 and was at its lowest, 16.58 Percentage of GDP, in 2013.
The long-run direction has been consistently rising across the 30 years of available data.
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 | 16.62 Percentage of GDP | — |
| 2001 | 16.84 Percentage of GDP | +1.3% |
| 2002 | 19.36 Percentage of GDP | +15.0% |
| 2003 | 18.05 Percentage of GDP | -6.8% |
| 2004 | 18.43 Percentage of GDP | +2.1% |
| 2005 | 17.97 Percentage of GDP | -2.5% |
| 2006 | 18.25 Percentage of GDP | +1.5% |
| 2007 | 19.92 Percentage of GDP | +9.2% |
| 2008 | 18.42 Percentage of GDP | -7.6% |
| 2009 | 20.48 Percentage of GDP | +11.2% |
| 2010 | 19.73 Percentage of GDP | -3.7% |
| 2011 | 16.8 Percentage of GDP | -14.8% |
| 2012 | 16.88 Percentage of GDP | +0.4% |
| 2013 | 16.58 Percentage of GDP | -1.7% |
| 2014 | 17.55 Percentage of GDP | +5.8% |
| 2015 | 17.56 Percentage of GDP | +0.1% |
| 2016 | 17.55 Percentage of GDP | -0.1% |
| 2017 | 16.82 Percentage of GDP | -4.1% |
| 2018 | 20.27 Percentage of GDP | +20.5% |
| 2019 | 23.55 Percentage of GDP | +16.2% |
| 2020 | 24.63 Percentage of GDP | +4.6% |
| 2021 | 24.75 Percentage of GDP | +0.5% |
| 2022 | 21.01 Percentage of GDP | -15.1% |
| 2023 | 22.7 Percentage of GDP | +8.1% |
| 2024 | 23.9 Percentage of GDP | +5.3% |
| 2025 | 24.5 Percentage of GDP | +2.5% |
| 2026 | 25.35 Percentage of GDP | +3.5% |
| 2027 | 26.13 Percentage of GDP | +3.1% |
| 2028 | 27.01 Percentage of GDP | +3.4% |
| 2029 | 27.76 Percentage of GDP | +2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.43 Percentage of GDP | 16.62 Percentage of GDP | 20.48 Percentage of GDP | 10 |
| 2010s | 18.33 Percentage of GDP | 16.58 Percentage of GDP | 23.55 Percentage of GDP | 10 |
| 2020s | 24.77 Percentage of GDP | 21.01 Percentage of GDP | 27.76 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 27.76 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 27.76 Percentage of GDP in 2029.
- 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 16.58 Percentage of GDP in 2013.
- 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 5th 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 up 17.9%. The long-run trend across the full record is rising.
- 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 — Gross fixed capital formation. 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.