InFocus
Africa has been growing faster than the world on average for the last 15 years and this trend is set to continue. World bank chief economist for the Africa region, Shanta ... Read more »
Africa Economies Grow Strongly, October 2012
-
Photo 1 of 6Credit: World BankAfrica's Pulse, a twice-yearly analysis of the issues shaping Africa's economic prospects, says in its latest issue that despite difficult global conditions, growth in Sub-Saharan Africa is largely on track. But it adds that economic prospects are vulnerable to heightened risks. -
Photo 2 of 6Credit: World BankThe region is projected to grow by 4.8 percent in 2012, broadly unchanged from the 4.9 percent growth rate of 2011. Excluding South Africa, the region's largest economy, growth is forecast at 6 percent, making it one of the fastest growing developing regions. -
Photo 3 of 6Credit: World BankSierra Leone and Niger are by far the continent's fastest-growing economies, and growth there and in Angola is faster than that in China. -
Photo 4 of 6Credit: World BankThis graph shows how growth was sluggish after the 1960s independence years, slumped in "the lost decades" after the world fuel crisis of the 1970s, and has soared above average world growth since the turn of the century. -
Photo 5 of 6Credit: World BankPopulation is also set to soar, shows this prediction until 2050. -
Photo 6 of 6Credit: World BankAfrica's Pulse says that after ten years of high growth, an increasing number of countries are moving into "middle-income" status, defined by the World Bank as those countries achieving more than U.S. $1,000 per capita income. In this map, the darker the colouring, the higher the income.
Comments Post a comment