Total Credit — Value US$ in Western Africa

Western Africa: Total Credit — Value US$ was 188,049 million USD in 2024. ▲ Rising

Latest (2024)
188,049 million USD
Change on year
down 11.5%
Rank
28th
of 32 groups
All-time high
212,475 million USD
in 2023
All-time low
82,700 million USD
in 2010
Years of data
15
2010–2024

Total Credit — Value US$ in Western Africa, 2010–2024

050.0k100.0k150.0k200.0k2010201720242010: 82.7k million USD2011: 85.9k million USD2012: 93.3k million USD2013: 120.7k million USD2014: 138.6k million USD2015: 131.0k million USD2016: 137.7k million USD2017: 140.5k million USD2018: 159.0k million USD2019: 176.0k million USD2020: 167.4k million USD2021: 172.2k million USD2022: 192.2k million USD2023: 212.5k million USD2024: 188.0k million USD

Source: Food and Agriculture Organization of the United Nations. Measured in million USD.

Analysis

In 2024, total credit — value us$ in Western Africa stood at 188,049 million USD.

That represents a change of down 11.5% on the previous year and up 35.7% over ten years.

Over the whole period, total credit — value us$ in Western Africa peaked at 212,475 million USD in 2023 and was at its lowest, 82,700 million USD, in 2010.

Western Africa ranks 28th of 32 groups on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 15 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2010s 126,556 million USD 82,700 million USD 175,986 million USD 10
2020s 186,466 million USD 167,390 million USD 212,475 million USD 5

Countries ranked near Western Africa

  1. 25 Malaysia 479,560 million USD compare
  2. 26 Indonesia 478,896 million USD compare
  3. 27 Brazil 463,276 million USD compare
  4. 28 Israel 432,764 million USD compare
  5. 29 Türkiye 375,659 million USD compare
  6. 30 Mexico 350,631 million USD compare
  7. 31 Chile 324,317 million USD compare

See the full ranking of 210 places →

More agriculture & rural data for Western Africa

All data for Western Africa →

Frequently asked questions

What is total credit — value us$ in Western Africa?
Total credit — value us$ in Western Africa was 188,049 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest total credit — value us$ recorded in Western Africa?
The highest recorded value was 212,475 million USD in 2023.
What is the lowest total credit — value us$ recorded in Western Africa?
The lowest recorded value was 82,700 million USD in 2010.
How does Western Africa rank for total credit — value us$?
Western Africa ranks 28th out of 32 groups with data for 2024.
Is total credit — value us$ rising or falling in Western Africa?
Over the last ten years it is up 35.7%. The long-run trend across the full record is rising.
Where does this Western Africa data come from?
The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Credit — Value US$. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 15 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).

About this data

Indicator
Total Credit — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
210 places, 5,166 data points, 1991–2024
Last refreshed

Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.