1945

The critical drivers and enablers of high levels of sustainable growth

Africa has achieved a relatively high economic growth rate in the last two decades, with the continent-wide average GDP growth rate reaching 6.1 per cent during the 2004-2007 period, from a low of about 0 per cent in 1992 (figure 4.1). Although there was wide variation in growth rates across the continent, this growth rate was widespread. For example, between 2004 and 2007, the average growth rates in North, East, West, Central and Southern Africa were 5.6, 7.7, 5.5, 10.5 and 5.0 per cent respectively; the average growth rate for oil exporters was 7.0 per cent, while for fragile States it was 3.5 per cent.

Related Subject(s): Economic and Social Development
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