Africa's Development Dynamics (AfDD) Table 29 - National wealth in West Africa (African Union)
West Africa (African Union): Africa's Development Dynamics (AfDD) Table 29 - National wealth was 1,586 US dollar in 2018. ▲ Rising
Africa's Development Dynamics (AfDD) Table 29 - National wealth in West Africa (African Union), 2000–2018
Source: Organisation for Economic Co-operation and Development. Measured in US dollar.
Analysis
The most recent figure for africa's development dynamics (afdd) table 29 - national wealth in West Africa (African Union) is 1,586 US dollar, measured in 2018.
That represents a change of down 3.2% on the previous year and down 18.2% over ten years.
Over the whole period, africa's development dynamics (afdd) table 29 - national wealth in West Africa (African Union) peaked at 2,095 US dollar in 2014 and was at its lowest, 1,511 US dollar, in 2000.
That places West Africa (African Union) 25th out of 48 regions with data for 2018, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Africa's Development Dynamics (AfDD) Table 29 - National wealth in West Africa (African Union), year by year
| Year | US dollar | Change |
|---|---|---|
| 2000 | 1,511 US dollar | — |
| 2001 | 1,532 US dollar | +1.4% |
| 2002 | 1,543 US dollar | +0.7% |
| 2003 | 1,573 US dollar | +2.0% |
| 2004 | 1,655 US dollar | +5.2% |
| 2005 | 1,717 US dollar | +3.8% |
| 2006 | 1,773 US dollar | +3.3% |
| 2007 | 1,854 US dollar | +4.5% |
| 2008 | 1,939 US dollar | +4.6% |
| 2009 | 1,900 US dollar | -2.0% |
| 2010 | 1,833 US dollar | -3.6% |
| 2011 | 1,949 US dollar | +6.3% |
| 2012 | 2,056 US dollar | +5.5% |
| 2013 | 2,050 US dollar | -0.3% |
| 2014 | 2,095 US dollar | +2.2% |
| 2015 | 1,972 US dollar | -5.9% |
| 2016 | 1,785 US dollar | -9.5% |
| 2017 | 1,639 US dollar | -8.2% |
| 2018 | 1,586 US dollar | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1,700 US dollar | 1,511 US dollar | 1,939 US dollar | 10 |
| 2010s | 1,885 US dollar | 1,586 US dollar | 2,095 US dollar | 9 |
Countries ranked near West Africa (African Union)
- 22 France 550.63 US dollar compare
- 22 Moldova 10.39 US dollar compare
- 23 Eswatini 8.38 US dollar compare
- 23 Malaysia 546.46 US dollar compare
- 24 Pakistan 504.17 US dollar compare
- 25 Norway 463.48 US dollar compare
- 25 Lesotho 3.21 US dollar compare
- 26 Cabo Verde 1.63 US dollar compare
- 26 Germany 457.94 US dollar compare
- 27 Thailand 410.81 US dollar compare
- 28 South Africa 399.91 US dollar compare
More reference data data for West Africa (African Union)
- 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)
Frequently asked questions
- What is africa's development dynamics (afdd) table 29 - national wealth in West Africa (African Union)?
- Africa's development dynamics (afdd) table 29 - national wealth in West Africa (African Union) was 1,586 US dollar in 2018, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 29 - national wealth recorded in West Africa (African Union)?
- The highest recorded value was 2,095 US dollar in 2014.
- What is the lowest africa's development dynamics (afdd) table 29 - national wealth recorded in West Africa (African Union)?
- The lowest recorded value was 1,511 US dollar in 2000.
- How does West Africa (African Union) rank for africa's development dynamics (afdd) table 29 - national wealth?
- West Africa (African Union) ranks 25th out of 48 regions with data for 2018.
- Is africa's development dynamics (afdd) table 29 - national wealth rising or falling in West Africa (African Union)?
- Over the last ten years it is down 18.2%. The long-run trend across the full record is rising.
- Where does this West Africa (African Union) data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 29 - National wealth — National wealth, natural capital. 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 29 shows estimates of total national wealth, taking into account produced capital, human capital, and natural resources. These estimates were calculated in the World Bank publication The Changing Wealth of Nations 2021.