African Statistical Yearbook 2012

image of African Statistical Yearbook 2012

The Yearbook series is a result of collaborative efforts by major African regional organizations to set up a joint data collection mechanism of socioeconomic data on African countries, as well as the development of a harmonized database. It seeks to promote wider use of country data, reduce costs, significantly improve the availability and quality of the data, and lead to better monitoring of development initiatives on the continent. The data in this issue of the Yearbook are arranged generally for the years 2003-2011, or for the last eight years for which data are available. It is published in a single volume consisting of two parts: a set of summary tables followed by country profiles.

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Monetary and financial statistics

Between 2000 and 2010, the average annual value of Africa’s merchandise imports amounted to US$ 267 billion, with an annual growth rate of 13.1 percent. This was lower than Africa’s merchandise exports, which during the same timeframe recorded an average annual value of US$ 312 billion, with an annual growth rate of 11.8 percent. The trade balance remained in surplus throughout the ten-year period. The only exceptional year was 2009, when there was a slight deficit of US$ 2 billion due to the global economic crisis, which dampened foreign demand for African goods (Figure 1). The average total value of trade balance over the period was US$ 44.0 billion per annum.

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