Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — Western Africa

Gross capital formation (% of GDP) in Western Africa in 2025 — 24.7%. Since 1970, the indicator has risen by 10.1 pp.

2025 24.7% +2.6 pp vs 2024
World rank
Period maximum 25.6%2016
Period minimum 12.1%1984

Trend over time

1970–2025 · % of GDP

Gross capital formation (% of GDP) — Western Africa, 1970–2025101520253019701976198219881994200020062012201820241970: 14.6%1971: 14.8%1972: 13.8%1973: 14.8%1974: 16.2%1975: 17.3%1980: 22%1981: 20.9%1982: 20.8%1983: 17.3%1984: 12.1%1985: 14.2%1986: 13.3%1987: 14.2%1988: 14.7%1989: 13.9%1990: 14.5%1991: 14.9%1992: 14.5%1993: 13.8%1994: 18.7%1995: 18%1996: 16.6%1997: 18.4%1998: 19%1999: 16.6%2000: 17.3%2001: 17.8%2002: 15.6%2003: 18%2004: 19.1%2005: 19.4%2006: 18.7%2007: 18%2008: 20.3%2009: 18.4%2010: 20.7%2011: 20.5%2012: 22.3%2013: 24.5%2014: 24.8%2015: 25.3%2016: 25.6%2017: 22.9%2018: 24.3%2019: 23.3%2020: 23.5%2021: 23.3%2022: 25.3%2023: 23.5%2024: 22.1%2025: 24.7%
Change over the period: +10.1 pp Annual average: 0.18 pp
Gross capital formation (% of GDP) — Western Africa, by year Western Africa All countries CSV XLSX
Year % Change, pp
2025 24.7 +2.6 pp
2024 22.1 −1.4 pp
2023 23.5 −1.7 pp
2022 25.3 +2 pp
2021 23.3 −0.2 pp
2020 23.5 +0.2 pp
2019 23.3 −1.1 pp
2018 24.3 +1.5 pp
2017 22.9 −2.7 pp
2016 25.6 +0.4 pp
2015 25.3 +0.4 pp
2014 24.8 +0.4 pp
2013 24.5 +2.2 pp
2012 22.3 +1.8 pp
2011 20.5 −0.2 pp
2010 20.7 +2.3 pp
2009 18.4 −1.9 pp
2008 20.3 +2.3 pp
2007 18 −0.7 pp
2006 18.7 −0.7 pp
2005 19.4 +0.3 pp
2004 19.1 +1.1 pp
2003 18 +2.4 pp
2002 15.6 −2.3 pp
2001 17.8 +0.5 pp
2000 17.3 +0.7 pp
1999 16.6 −2.4 pp
1998 19 +0.6 pp
1997 18.4 +1.9 pp
1996 16.6 −1.5 pp
1995 18 −0.6 pp
1994 18.7 +4.9 pp
1993 13.8 −0.7 pp
1992 14.5 −0.4 pp
1991 14.9 +0.5 pp
1990 14.5 +0.6 pp
1989 13.9 −0.9 pp
1988 14.7 +0.5 pp
1987 14.2 +1 pp
1986 13.3 −1 pp
1985 14.2 +2.1 pp
1984 12.1 −5.1 pp
1983 17.3 −3.6 pp
1982 20.8 −0 pp
1981 20.9 −1.2 pp
1980 22
1975 17.3 +1.1 pp
1974 16.2 +1.4 pp
1973 14.8 +1 pp
1972 13.8 −1 pp
1971 14.8 +0.2 pp
1970 14.6

About the indicator

Gross capital formation as a percent of GDP: outlays on fixed assets (buildings, structures, machinery, transport equipment, infrastructure), changes in inventories of material working assets and net acquisition of valuables. A steadily high rate of capital formation is a necessary condition for fast growth: during the economic surges of East Asia the indicator exceeded 35–40% of GDP.

Source: World Development Indicators (World Bank), license CC BY 4.0.