Economy of Western Africa
ebook ∣ Economy in countries, Book 5 · Economy in countries
By Ivan Kushnir
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This book about the economy of Western Africa from the 1970s to the 2010s. Source data from UN Data.
Size. In the 2010s, the gross domestic product of Western Africa was equal to $648.7 billion per year; the value of agriculture was $142.1 billion; the value of industry was $132.7 billion.
Productivity. In the 2010s, the GDP per capita was $1 864.5, the value of agriculture per capita was $408.3, the value of industry per capita was $381.4. Since the productivity is less the average below average, the economy is classified as least developed.
Growth. In the 2010s, the growth of GDP was 3.6%; the growth of agriculture was 3.8%; the growth of industry was 3.3%.
Structure. In the 2010s, the economy of Western Africa included: services (23.7%), agriculture (22.6%), industry (21.1%), trade (17.4%), transportation (11.1%), and construction (4.2%).
Exports and imports. In the 2010s, the exports were 1.1% higher than the imports, the net exports were equal to 0.23% of the GDP.
Consumption and reproduction. The attitude of reproduction to the consumption is not better than the global average, so the share of GDP in the world will not increase.
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