1887

The Least Developed Countries Report 2015

Transforming Rural Economies

image of The Least Developed Countries Report 2015
This report documents the importance of the rural sector and agriculture in least developed countries (LDCs), through employment generation and economic activity. The discussion is placed in the perspective of the post-2015 development agenda, in which rural economic transformation will be vital for poverty eradication. It presents evidence on agricultural productivity dynamics in LDCs, discussing the importance of agricultural productivity for human development in rural areas, and analyzing the key elements driving agricultural productivity growth in these countries. It examines the synergies and complementarities between agricultural productivity growth and rural economic diversification. It discusses policies which need to be put in place.

English French

.

Overview

Economic growth in the least developed countries (LDCs) has slowed since 2012, when impressive performance by fuel-exporting countries took the growth rate of their real gross domestic product (GDP) to a post-financial crisis peak of 7.2 per cent. In 2014, less favourable external conditions (compounded by the impact of the Ebola outbreak in Guinea, Liberia and Sierra Leone) contributed to a further deterioration in their economic performance. The average growth rate of LDCs as a group was 5.5 per cent in 2014, with very similar average rates across all geographical subgroups. This was a reduction from 6.1 per cent in 2013 and well below the 2002–2008 average of 7.4 per cent, but significantly stronger than the 4.4 per cent growth recorded by other developing countries (ODCs).

English French

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error