Africa's Development Dynamics (AfDD) Table 20 - External financial in Economic Community of West African States (ECOWAS)
Economic Community of West African States (ECOWAS): Africa's Development Dynamics (AfDD) Table 20 - External financial was 2.25 Percentage of GDP in 2022. ▼ Falling
Africa's Development Dynamics (AfDD) Table 20 - External financial in Economic Community of West African States (ECOWAS), 2000–2022
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Economic Community of West African States (ECOWAS) recorded 2.25 Percentage of GDP for africa's development dynamics (afdd) table 20 - external financial in 2022.
The figure is up 2.0% on the previous year and down 3.9% over ten years.
Over the whole period, africa's development dynamics (afdd) table 20 - external financial in Economic Community of West African States (ECOWAS) peaked at 5.5 Percentage of GDP in 2006 and was at its lowest, 1.83 Percentage of GDP, in 2014.
That places Economic Community of West African States (ECOWAS) 13th out of 26 groups with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Africa's Development Dynamics (AfDD) Table 20 - External financial in Economic Community of West African States (ECOWAS), year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 2.47 Percentage of GDP | — |
| 2001 | 2.61 Percentage of GDP | +5.7% |
| 2002 | 2.97 Percentage of GDP | +13.7% |
| 2003 | 2.54 Percentage of GDP | -14.5% |
| 2004 | 2.85 Percentage of GDP | +12.0% |
| 2005 | 4.48 Percentage of GDP | +57.3% |
| 2006 | 5.5 Percentage of GDP | +22.7% |
| 2007 | 2.09 Percentage of GDP | -61.9% |
| 2008 | 1.99 Percentage of GDP | -5.2% |
| 2009 | 2.35 Percentage of GDP | +18.4% |
| 2010 | 2.45 Percentage of GDP | +4.3% |
| 2011 | 2.14 Percentage of GDP | -12.6% |
| 2012 | 2.35 Percentage of GDP | +9.5% |
| 2013 | 1.87 Percentage of GDP | -20.2% |
| 2014 | 1.83 Percentage of GDP | -2.5% |
| 2015 | 2.05 Percentage of GDP | +12.4% |
| 2016 | 1.98 Percentage of GDP | -3.6% |
| 2017 | 2.19 Percentage of GDP | +10.9% |
| 2018 | 2.08 Percentage of GDP | -5.4% |
| 2019 | 2.15 Percentage of GDP | +3.7% |
| 2020 | 2.74 Percentage of GDP | +27.4% |
| 2021 | 2.21 Percentage of GDP | -19.4% |
| 2022 | 2.25 Percentage of GDP | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.99 Percentage of GDP | 1.99 Percentage of GDP | 5.5 Percentage of GDP | 10 |
| 2010s | 2.11 Percentage of GDP | 1.83 Percentage of GDP | 2.45 Percentage of GDP | 10 |
| 2020s | 2.4 Percentage of GDP | 2.21 Percentage of GDP | 2.74 Percentage of GDP | 3 |
Countries ranked near Economic Community of West African States (ECOWAS)
- 10 Somalia 18.6 Percentage of GDP compare
- 10 Mauritania 3.34 Percentage of GDP compare
- 11 Ukraine 17.9 Percentage of GDP compare
- 12 Solomon Islands 16.2 Percentage of GDP compare
- 13 Yemen 15.45 Percentage of GDP compare
- 14 Samoa 15.16 Percentage of GDP compare
- 15 Burundi 14.72 Percentage of GDP compare
- 16 Eswatini 2.02 Percentage of GDP compare
- 16 Mozambique 13.9 Percentage of GDP compare
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 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)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 4.38 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 20 - external financial in Economic Community of West African States (ECOWAS)?
- Africa's development dynamics (afdd) table 20 - external financial in Economic Community of West African States (ECOWAS) was 2.25 Percentage of GDP in 2022, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 20 - external financial recorded in Economic Community of West African States (ECOWAS)?
- The highest recorded value was 5.5 Percentage of GDP in 2006.
- What is the lowest africa's development dynamics (afdd) table 20 - external financial recorded in Economic Community of West African States (ECOWAS)?
- The lowest recorded value was 1.83 Percentage of GDP in 2014.
- How does Economic Community of West African States (ECOWAS) rank for africa's development dynamics (afdd) table 20 - external financial?
- Economic Community of West African States (ECOWAS) ranks 13th out of 26 groups with data for 2022.
- Is africa's development dynamics (afdd) table 20 - external financial rising or falling in Economic Community of West African States (ECOWAS)?
- Over the last ten years it is down 3.9%. The long-run trend across the full record is falling.
- 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 20 - External financial inflows — Net Official Development Assistance (ODA) inflows. 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 20 shows indicators of external financial flows in US dollars and as a percentage of GDP, including foreign direct investment, portfolio investment, net official development assistance, and remittances.