Africa’s economic growth continues to strengthen, reaching an estimated 3.5 percent in 2018. This is about the same rate achieved in 2017 and up 1.4 percentage points from the 2.1 percent in 2016. In the medium term, growth is projected to accelerate to 4 percent in 2019 and 4.1 percent in 2020. The World Bank released its annual Global Economic Prospects [PDF] report for sub-Saharan Africa earlier this month, forecasting a GDP growth rate of 3.4 percent in sub-Saharan Africa for 2019. This is up from 2018 and represents a modest recovery from a downturn that began in 2015. Productivity growth also declined in these two sets of economies. The annual rate of productivity growth in the Arab Spring countries fell from 1.7% to 0.6%, and in Africa’s oil exporters from 2.6% to 0.4%. This is a list of estimates of the real gross domestic product growth rate (not rebased GDP) in African states for the latest years recorded in the CIA World Factbook.Only fully recognised sovereign states with United Nations membership are included on this list.. List The economy expanded 0.2% in 2019, the least since a 1.5% contraction in 2009 and compared to 0.8% in 2019. GDP Growth Rate in South Africa averaged 2.64 percent from 1993 until 2019, reaching an all time high of 7.60 percent in the fourth quarter of 1994 and a record low of -6.10 percent in the first quarter of 2009. The 6 Fastest Growing Economies in Africa, 2018 The World Bank forecasts growth of 3.2% for the year, up from 2.4% in 2017 for Sub-Saharan African economies. It also predicts slightly higher growth for 2019 of 3.5%.
About half of the world’s fastest-growing economies are in Africa with 20 economies expanding at an average rate of 5% or The region is expected to have overall economic growth of 3.8%, on Africa’s economic growth has stabilized at 3.4 percent in 2019 and is expected to pick up to 3.9 percent in 2020 and 4.1 percent in 2021 but to remain below historical highs. Growth’s fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. For the first time in a decade, investment accounted for more than half the continent’s growth GDP growth (annual %) South Africa. Close. Browse by Country or Indicator. DataBank Microdata Data Catalog. Menu. GDP: linked series (current LCU) GDP, PPP (constant 2011 international $) GDP (current LCU) GDP, PPP (current international $) GDP per capita growth (annual %) Download. CSV XML EXCEL.
This article includes a lists of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the value of all final goods and services produced within a state in a given year.The statistics were compiled from the IMF World Economic Outlook Database with the vast majority of estimates corresponding to the 2018 calendar year.
African countries have been growing fast recently. In 2007, for example, GDP growth averaged. 6.2 percent in Sub-Saharan Africa (SSA),1 nearly double the rate 26 Feb 2020 Regional growth is seen accelerating this year amid a slight pick-up in activity in the largest economies of Nigeria and South Africa. That said For sub-Saharan African countries, the issue of energy consumption or conservation is an interesting one since promoting growth necessarily requires intensifying
18 Dec 2019 However, the effect of this interaction term is positive, suggesting that African countries that have high fertility rates and rapid urban population This volume is a collection of selected empirical studies on determinants of economic growth in Africa. Grouped into three parts, chapters examine the influence 3 Mar 2020 The South African economy contracted by 1,4% in the fourth quarter of 2019, following a contraction of 0,8% (revised) in the third quarter.1 Economic growth is the measure of the change of GDP from one year to the next. than 100-fold richer than people in Liberia, Burundi, and the Central African 23 Dec 2019 “Africa's commendable growth performance in the context of dismal returns in the developed world continues to attract investor interest. “This While African growth rates were still below those of East Asian tiger economies, they were close to the world average and to those achieved by many other African countries have been growing fast recently. In 2007, for example, GDP growth averaged. 6.2 percent in Sub-Saharan Africa (SSA),1 nearly double the rate