African economic outlook is an annual reference bookjournal which focuses on the economics of most african countries. Subsaharan africa economic outlook data, statistics. This publication discusses the recent economic growth on the african. This annual report examines africa s performance in crucial areas. Debt dynamics and development finance in africa, was prepared by a team of unctad contributors, headed by junior roy davis, and composed of the following people. The 2019s mtbps projected gross debt to reach 71% of gdp by 202223 from closer to 60% in the 2019 mtbps, and to 81% by 202728 from 59.
The international monetary fund imf projects that the world economy will grow by 3. Special focus on south africa 7 april 2016, johannesburg, south africa launch of the action agenda for africa s competitiveness 12 may 2016, kigali, rwanda, world economic. In july 2016, the government adopted a new economic growth plan 201630 focusing on the private sector and a three year budget stabilization strategy. The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on. The domestic economy registered a slow growth of just above 1. The annual african economic outlook aeo monitors the continents state of affairs. Industrial production doubled its pace of contraction in q4, as unprecedented rolling blackouts hampered mining and manufacturing activities. This year, regional growth is seen remaining steady from 2018s modest upturn, propped up by fastgrowing, smaller economies like ghana, tanzania and uganda. The african economic outlook 2016 presents the continents current state of affairs and forecasts its situation for the coming two years.
Cote divoire djibouti egypt equatorial guinea eritrea ethiopia gabon gambia ghana guinea guineabissau kenya lesotho liberia libya madagascar malawi mali mauritania. Africa s economic growth continues to strengthen, reaching an estimated 3. Economic fundamentals in most african countries have improved, and inflationary pressures are low or have subsided in countries with stable exchange rates. The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the coming two years. The nonoil and gas industry accounted for no more than 5% of gdp in 2016, compared with 35% at the end of the 1980s, so the authorities are looking towards a reindustrialization of the country. Ongoing food price inflation, and its knockon effects on manufactured food prices, is pushing up south africa 1. Regional growth is now thus expected to hold steady from 2018s modest outturn. Foreword the african economic outlook aeo celebrates its 15th edition this year. African economic outlook 2016 african development bank. Even if covid19 fails to establish a wider foothold in africa, economic contagion from china, europe, and the u. The imf still forecasts that africa will be the secondfastest growing region in the world between 2016 and 2020 with annual growth of 4. This april 2016 issue of the regional economic outlook.
The economy of africa consists of the trade, industry, agriculture, and human resources of the continent. Median duration of complete growth spells, 19502016. Median duration of complete growth spells, 19502016 31. Real gdp, consumer prices, current account balance, and unemployment. World economic outlook april 2016 too slow for too long world economic and financial surveys. This forecast would change in the event of a deteriorating global economy. World economic and financial surveys regional economic outlook. Africa s economic growth page 1 of 27 executive summary over the past 15 years, most countries in africa experienced sustained economic growth, with growth rates often exceeding 5% per year. Mar 25, 2020 regional growth is now thus expected to hold steady from 2018s modest outturn. The focus of the 20 edition if structural transformation and natural resources in africa. Countries in africa are sorted according to data from the international monetary fund.
Subsaharan africa reo was prepared by a team led by papa ndiaye under the direction of david robinson. Industrial production doubled its pace of contraction in q4, as unprecedented rolling blackouts. This years african economic outlook from the african development bank shows that the continents general economic performance continues to improve. In tables, a blank cell indicates not applicable, ellipsis points. South africa sees its growth outlook sag further on lack of sufficient regulatory reforms and repair. The april 2018 issue of the regional economic outlook. Cote divoire djibouti egypt equatorial guinea eritrea ethiopia gabon gambia ghana guinea guineabissau kenya lesotho liberia libya madagascar malawi mali mauritania mauritius morocco mozambique namibia niger nigeria rwanda. Link global economic outlook 20152016 united nations.
The team included francisco arizala, wenjie chen, larry qiang cui, jesus gonzalezgarcia. African economic outlook 2016 algeria angola benin botswana burkina faso burundi cabo verde cameroon central african republic chad comoros congo congo, dem. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Annual economic reports south african reserve bank. At the dawn of the new millennium the african economic outlook aeo was born out of the recognition that the continent needed a highquality, independent tool for policy makers and analysts, investors, journalists, academics and students to monitor africas economic. A rise in confidence in early 2018 and the recent upward revision of national accounts for the period 2015 to 2017 suggest that the country is recovering from a difficult 2015 and 2016, which marked the end of the supercommodity cycle and severe drought. African economic outlook 2016 sustainable cities and structural transformation. Real gdp over the period january to september 2018 was, however, only 0. African economic outlook 2019 description africa s gdp growth is projected to accelerate to 4. In 2016, the emerging common african position on urban development and the. An investment and growthsupportive outcome is likely to result in a gradual economic recovery. Africas sustainable economic and social transformation is a global priority.
The economic outlook for subsaharan africa ssa is positive, with growth rising to 5. This site is powered by keepeek 360, digital asset management for business. Classification by world economic outlook groups and their shares in aggregate gdp, exports of goods and services, and population, 2015 table b. The annual report highlights economic prospects and projections for the continent as a whole and for each of the 54 countries. A new economic report by focuseconomics paints a bleak picture for the south african economy in 2016 and 2017. Structural change and poverty reduction simulations between 2006 and 2016. Economic community of west african states 23 march 2016, abidjan, cote divoire regional workshop on competitiveness in the southern african development community. Pdf how sustainable cities can contribute to africas. The african economic outlook aeo celebrates its 15th edition this year. Subsaharan africa is published twice a year, in the.
World economic and financial surveys regional economic. Investors perception is positive for the next 3 years africa a remained attractiveness principaux points 1. African economic outlook 2016 sustainable cities and. South africa economy gdp, inflation, cpi and interest rate. Recent growth has been due to growth in sales in commodities, services, and manufacturing. Recent growth has been due to growth in sales in commodities, services, and.
Oecd ilibrary trade policies and regional integration in africa. Highlightsdhighlights 2 economic overview political developments in the first half of 2019 will be a key determinant of the south african economy s performance over the remainder of the year. The south african economy exited its technical recession in the third quarter of 2018 as growth recovered to 2. Sustainable cities and structural transformation algeria angola benin botswana burkina faso burundi cabo verde cameroon central african republic chad comoros congo congo, dem. African economic outlook 2017 entrepreneurship and. This calls for substantial financial resources at a time when the global development finance landscape is changing. We support the implementation of the african unions strategic vision at continental, regional, national and local levels by coproducing cuttingedge data and analysis with our african member states and partners, and facilitating an open dialogue on policies to accelerate that transformation. This has inspired much optimism about the regions prospects to finally leave poverty and underdevelopment behind. Gross domestic product gdp is the market value of all final goods and services from a nation in a given year. Middle east and north african economies, afghanistan, and pakistan.
A section of country notes summarises recent economic growth, forecasts gross domestic product for 2017 and 2018, and highlights the main. If youre reading the pdf ebook edition, and your pc is connected to the internet, simply click on the link. Commodity prices are expected to stabilize but remain low through 2017 figure 2. It explores how foreign direct investment, portfolio investment, remittances and official development assistance have evolved in 2015 and 2016, and their outlook for 2017. Africa economic outlook jeanchristophe batlle, managing. Moodys currently has south africa on a negative outlook, which implies that within around eighteen months the country could be downgraded. South africa, africa s most industrialized country recorded an economic growth of about 2. African economic outlook 2010 sustainable development the. The economy likely fell into technical recession in the fourth quarter of last year. The report, which forecasts the outlook for subsaharan africa in 2016 and 2017. At the dawn of the new millennium the african economic outlook aeo was born out of the recognition that the continent needed a highquality, independent tool for policy makers and analysts, investors, journalists, academics and students to monitor africas economic development on a continuing basis. Africas economic growth european parliament european union.
Economy still driven by agriculture and construction 2. The african economic outlook is the only annual report that monitors in detail the economic performance of 53 individual countries on the continent, using a strictly comparable analytical framework. Oecd ilibrary trade policies and regional integration in. Excluding south africa, the continents largest economy, growth in subsaharan africa is forecast to rise to 6%. Mozambiques outlook remains positive if government negotiations with gas and coal operators make breakthroughs that allow for final investment decisions on liquefied natural gas projects during 2016, and a boost in coal exports. General features and composition of groups in the world economic outlook classification table a. List of african countries by gdp nominal wikipedia.
At 27%, the unemployment rate is weighing on household consumption and driving up inequalities. The team included francisco arizala, romain bouis, paolo cavallino, chuling chen, reda cherif. Increasing the efficiency of public spending to boost growth inflation will peak by the end of 2016 before declining slowly in 2017. The main channels through which the coronavirus will impact africa s economy are trade and tourism. The african development bank, the oecd development centre and the united nations development programme partner to produce this annual report. South africa sees its growth outlook sag further on lack of sufficient regulatory reforms and repair 10 th january 2020. What the past five years have proved, however, is that africa s economic lions need to improve their fitness in order to make the most of their potential and continue their march towards prosperity. Countriesregions 2011 2016 countriesregions 2011 2016 countriesregions 2011 2016.
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