Ivan Kushnir

Economy of Western Africa - Economy in Countries Ivan Kushnir

This book about the economy of Western Africa from the 1970s to the 2010s. Source data from UN Data.

Size. In the 2010s, the GDP of Western Africa was equal to $648.7 billion per year; the value of agriculture was $142.1 billion; the value of manufacturing was $62.8 billion.

Productivity. In the 2010s, the gross domestic product per capita was $1 864.5, the value of agriculture per capita was $408.3, the value of manufacturing per capita was $180.5. 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 manufacturing was 6.6%.

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%).

Export and import. In the 2010s, the export was 1.1% higher than the import, the net export was 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.