Economic development in Africa report 2015

Unlocking the potential of Africa’s services trade for growth and development

image of Economic development in Africa report 2015
The Economic Development in Africa Report 2015 subtitled Unlocking the Potential of Africa's Trade in Services for Inclusive Growth and Development highlights the catalytic role services can play in Africa, and the importance of understanding the static and dynamic effects the development of services may have on employment, trade and ultimately growth. The report examines areas where there appears to be a policy disconnect between existing national, regional and global policies that pertain to services trade and proposes recommendations as to how African countries may bridge this divide so that services trade can be better harnessed to address inclusive growth and economic development priorities in Africa.

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The services sector in Africa: Emerging trends

In many African countries, the services sector constitutes the largest segment of the economy, and during the period 2000–2012, the sector contributed an increasing share to gross domestic product (GDP), trade and employment. The development of efficient and competitive services economies and trade, especially in infrastructure services such as telecommunications, transport, energy and finance, could significantly improve the economic outlook in Africa.

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