Imports of goods and services, Percent of GDP (Balance of Payments) in Economic Community of West African States (ECOWAS)
Economic Community of West African States (ECOWAS): Imports of goods and services, Percent of GDP (Balance of Payments) was 25.55 in 2027. ▲ Rising
Imports of goods and services, Percent of GDP (Balance of Payments) in Economic Community of West African States (ECOWAS), 2000–2027
Source: International Monetary Fund.
Analysis
The most recent figure for imports of goods and services, percent of gdp (balance of payments) in Economic Community of West African States (ECOWAS) is 25.55, measured in 2027.
The figure is up 1.6% on the previous year and up 65.7% over ten years.
Over the whole period, imports of goods and services, percent of gdp (balance of payments) in Economic Community of West African States (ECOWAS) peaked at 27.98 in 2024 and was at its lowest, 13.78, in 2016.
The long-run direction has been consistently rising across the 28 years of available data.
Imports of goods and services, Percent of GDP (Balance of Payments) in Economic Community of West African States (ECOWAS), year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 16.76 | — |
| 2001 | 18.44 | +10.0% |
| 2002 | 15.41 | -16.4% |
| 2003 | 17.9 | +16.2% |
| 2004 | 16.06 | -10.3% |
| 2005 | 17.56 | +9.4% |
| 2006 | 15.67 | -10.8% |
| 2007 | 16.55 | +5.6% |
| 2008 | 17.47 | +5.6% |
| 2009 | 15.61 | -10.7% |
| 2010 | 16.96 | +8.7% |
| 2011 | 19.11 | +12.6% |
| 2012 | 16.96 | -11.2% |
| 2013 | 14.83 | -12.6% |
| 2014 | 14.58 | -1.6% |
| 2015 | 14.78 | +1.4% |
| 2016 | 13.78 | -6.8% |
| 2017 | 15.42 | +11.9% |
| 2018 | 17.15 | +11.2% |
| 2019 | 19.19 | +11.9% |
| 2020 | 17.33 | -9.7% |
| 2021 | 16.76 | -3.3% |
| 2022 | 18.16 | +8.4% |
| 2023 | 20.44 | +12.5% |
| 2024 | 27.98 | +36.9% |
| 2025 | 27.36 | -2.2% |
| 2026 | 25.14 | -8.1% |
| 2027 | 25.55 | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.74 | 15.41 | 18.44 | 10 |
| 2010s | 16.28 | 13.78 | 19.19 | 10 |
| 2020s | 22.34 | 16.76 | 27.98 | 8 |
Countries ranked near Economic Community of West African States (ECOWAS)
More trade data for Economic Community of West African States (ECOWAS)
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Frequently asked questions
- What is imports of goods and services, percent of gdp (balance of payments) in Economic Community of West African States (ECOWAS)?
- Imports of goods and services, percent of gdp (balance of payments) in Economic Community of West African States (ECOWAS) was 25.55 in 2027, according to International Monetary Fund.
- What is the highest imports of goods and services, percent of gdp (balance of payments) recorded in Economic Community of West African States (ECOWAS)?
- The highest recorded value was 27.98 in 2024.
- What is the lowest imports of goods and services, percent of gdp (balance of payments) recorded in Economic Community of West African States (ECOWAS)?
- The lowest recorded value was 13.78 in 2016.
- How does Economic Community of West African States (ECOWAS) rank for imports of goods and services, percent of gdp (balance of payments)?
- Economic Community of West African States (ECOWAS) ranks 14th out of 19 groups with data for 2027.
- Is imports of goods and services, percent of gdp (balance of payments) rising or falling in Economic Community of West African States (ECOWAS)?
- Over the last ten years it is up 65.7%. The long-run trend across the full record is rising.
- Where does this Economic Community of West African States (ECOWAS) data come from?
- The figures come from International Monetary Fund, published as part of Imports of goods and services, Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.