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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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Main findings and recommendations

The story of growth in Africa over the past decade can be partly explained by the remarkable growth in the services sector. The services sector in the continent holds much promise, though the full potential of trade in services is yet to be realized. Services promise to be a vital export sector and an important contributor to total employment, despite a high degree of variation across African economies.

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